Accrual Interest Rate Swap (AIRS)

Accrual Interest Rate Swap (AIRS)

An accrual swap is a type of interest rate swap in which the interest on one side accrues only if certain conditions based on currency rate, interest rate are met. Payment of interest in the accrual swap occurs if the reference rate is above or below a certain level.
Targeted clients
Corporates

Features of product

AIRS

AIRS contract is independent with underlying asset.

Principal
No principal exchanged
CCS tenors
CCS tenors are flexible from 1 year to 5 years
Payments fee
No up-front payments and premium are made.

Advantages

  • Borrowing cost fixed
  • Hedging against currency volatility risk

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.
Customer support
1800 6678