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How do the Česká spořitelna Senior bonds work? The interest yield is usually paid once a year on determined dates. On the maturity date, the bond nominal value is paid out together with the last coupon. The price for which the bonds are bought is also important for the actual investment yield. When current yields on the bond market are lower than the bond interest yield, the bonds are sold for a higher price than their nominal value and vice versa. The current yield till maturity, calculated from the current selling price and yields that are to be paid out in the future, is therefore lower or higher than the bond interest yield.
How do the Česká spořitelna Subordinated bonds work? The fixed coupon is usually paid once a year, the variable coupon is normally paid twice a year, always on determined dates. On the maturity date, the bond nominal value is paid out together with the last coupon. The price for which the bonds are bought is also important for the actual investment yield. When current yields of that type of instruments on the bond market are lower than the bond interest yield, the bonds are sold for a higher price than their nominal value and vice versa. The current yield till maturity of subordinated bonds with fixed coupons, calculated from the current selling price and yields that are to be paid out in the future, is therefore lower or higher than the bond interest yield.
How do the Česká spořitelna Premium bonds work? The interest yield is normally paid out on the maturity date together with the bond nominal value. The price for which the bonds are bought is also important for the actual investment yield. The price of a premium bond is affected both by the development of interest rates and by the development of underlying assets that are determining for the premium amount. The yield till maturity is not calculated for premium bonds.
How do the Česká spořitelna Mortgage bonds - floating coupon work? A flexible interest rate is applied to Mortgage bonds with floating coupon, determined every six months pursuant to the current six-month PRIBOR rate. Interest yield is also paid out every six months. When interest rates go up or down, the bond interest rate determined for the next six-month period will also go up or down. On the maturity date, the bond nominal value is paid out together with the last coupon. When interest rates change, the value of bonds with variable coupons fluctuates much less (in comparison with bonds with fixed coupons). The price for which the bonds are bought is also important for the actual investment yield.
How do the Česká spořitelna Mortgage bonds - fix coupon work? The interest yield is usually paid once a year on determined dates. On the maturity date, the bond nominal value is paid out together with the last coupon. The price for which the bonds are bought is also important for the actual investment yield. When current yields on the bond market are lower than the HZL interest yield, HZL are sold for a higher price than their nominal value and vice versa. The current yield till maturity, calculated from the current selling price and yields that are to be paid out in the future, is therefore lower or higher than the HZL interest yield.
How do the Premium deposit FX work? The investor may profit from expected strengthening of Czech crown or American dollar against euro. Every day of the premium period that the exchange rate announced by CNB for the day is inside the determined range, premium is credited to the deposit, amounting to the higher interest rate. The range providing higher premium is inclined to strengthening and shifts automatically pursuant to the effective exchange rate every calendar month. Thus investor's chance for crediting higher premium repeatedly is higher when Czech crown or American dollar are strengthening against euro.
How do the Premium deposit equity work? The premium amount depends on the development of the prices of selected stocks of companies traded in Europe, Asia and America and is determined every calendar day. The premium amount is determined on the basis of the starting value of every stock. Every calendar day of the premium period closing prices of stocks for the respective day are compared with their starting prices and pursuant to predetermined ranges, premium corresponding to one of three interest rates is credited. If prices of all stock titles are above or equal to their starting values, the highest interest rate will be applied. If the price of a stock title is below its starting value, but prices of all stock titles reach at least the determined barrier, the medium rate will be applied. The 0%-rate will be applied on a day that the price of one stock or several stocks drops below the determined barrier.
How do the Special Premium deposit work? The deposit premium depends on the development of selected underlying assets and selected structure of the premium deposit. A special issue of premium deposits is to be used as a current investment opportunity beyond the standard offer. The products are interesting supplements to the portfolio.
How do the Golden deposit/Zlatý vklad work? The valuation of Zlatý vklad is determined by a fixed rate for three years. The interest rate is fixed for full three years of the deposit tenure alike as for a term deposit.
How do the Golden deposit ŠANCE work? Zlatý vklad ŠANCE offers a guaranteed premium amount for two and a half years. The premium can be further increased if annual interest rates go up at least to the determined level for two and a half years of the deposit tenure. The reference interest rate is the annual PRIBOR rate as announced by the Czech National Bank for the respective day.


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