Interest Rate Swap (IRS)

Interest Rate Swap (IRS)

IRS contract is an agreement between two parties where one stream of future interest payments is exchanged for another based on a specified principal amount. It often exchange a fixed payment with fixed interest rate for a floating payment that is linked to a floating rate in the same period of time.
Targeted clients

Features of product

IRS contract is Independent with underlying asset
No principal is exchanged
No principal is exchanged; no up-front payments and premium are made
On payment dates
On payment dates, settlement payments are calculated by netting the two interest rates on the settlement date.
IRS tenor
Flexible from 1 year to 5 years


  • Hedging against interest rate risk for the obligation with floating rate.

Document required

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Registration procedure

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Customer support
(84) 28 7305 6678