OREANDA-NEWS. March 13, 2012. Ukio bankas has introduced two new electronic instruments on its website  www.ub.lt: redemption (REPO) transaction calculator and saving funds distribution guide. The new instruments will provide a possibility to everybody interested in saving and investment to calculate and to evaluate service options and their possible financial margin, reported the press-centre of Ukio bankas.

“We have offered new instrument to the investors that will allow to get acquainted with redemption transaction terms in more convenient and clear manner. While modelling terms of transactions with the help of the instrument, the clients will be able to choose the most suitable option for them”, - said Ruta Kalasinskaite-Kiskiene, Director of Ukio bankas Financial Brokerage Department.

Filling in the information on the desired to transfer financial instruments in the REPO transaction calculator at Ukio bankas website the client is provided with the terms of possible transaction: annual interest rate, ratio of guarantee coefficient, transaction amount and amount of payable interest at the end of the transaction. It is very convenient that the result received with the help of calculator may be sent to the bank and employees of the bank will review the enquiry of the client and will contact him/her for transaction conclusion. It is possible to conclude REPO transaction at Ukio bankas for securities listed on the stock exchange and investment funds units registered in Lithuania.

Only preliminary results are provided in REPO transaction calculator that cannot be held as an obligation of Ukio bankas to enter into redemption transaction under the specified terms. Employees of Financial Brokerage Department will provide the exact answer regarding redemption transaction conclusion. In the future the bank plans to offer a possibility to enter into redemption transactions with the help of internet banking system Eta bankas.

Another new electronic instrument – saving funds distribution guide will help the clients that have free funds and wish to know what margin they may expect choosing different saving service combinations and term of saving. For example, on entering exact or planned amount for investment, distributing it to different saving products it is possible to compare different options and to view the expected amount of margin at the end of the selected term.

Ukio bankas is Lithuania’s first commercial bank providing reliable services via its own wide client service network, with nearly 60 units all over the country, for a third decade already. Furthermore, Ukio bankas payment cards are accepted at 270 ATMs of the joint network and at 28 post offices of Lithuania.