On 24.02.2010 client decides to deposit RSD 10,000,000 in “EUR Indexed Deposit” for 3 months with an interest rate of 3.00%. RSD amount is denominated in EUR at EUR/RSD= 99.55, applied on contract date.
RSD Deposit: RSD 10,000,000 ---> EUR/RSD=99.55 ---> EUR countervalue: EUR 100,452.03
At the maturity date, on 24.05.2010, client will receive back RSD which will be the counter value of initial EUR amount plus interest for specific deposit period converted in RSD at EUR/RSD exchange rate on maturity date, i.e.
EUR countervalue +3%
Final RSD Deposit
So, even though RSD depreciated, client maintained his capital in EUR terms