Tools & Utilities

Interest Rate Swap (IRS)

Name: Ngân hàng thương mại cổ phần Phương Đông
Address: Tòa nhà 41 (tầng trệt, lửng, lầu 1, lầu 2) và tòa nhà 45 Lê Duẩn - Phường Bến Nghé - Quận 1 - TP Hồ Chí Minh, Hồ Chí Minh, HCM, 700000, VN
Telephone: +84 1800 6678
Price range: $$$

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

Corporates

Features of product

IRS

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

Advantages

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

Document required

*For further information, do not hesitate to contact via email fxsales@ocb.com.vn or our Customer Service Center via hotline (24/7) 1800 6678 or OCB nearest branches

Registration procedure

Please kindly fill in the form with your information, we will contact you in soonest time.

Categories

Derivative Products

Accrual Interest Rate Swap (AIRS)

Cross Currency Swap (CCS)