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
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.
Customer support
1800 6678