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Derivatives

Interest Rate Swap

INTRODUCTION

VIB and Client agree to periodically exchange interest cashflows, from float to fixed interest rate and vice versa, based on a specified notional amount.

OUTSTANDING FEATURE

• Hedge/mitigate interest rate risk.
• Seperated from and does not effect original transaction.
• Flexible in structure and tenor, inline with original transaction.

DOCUMENTS

• Institutional documents
• Documents proving original transaciton (deposit, loan, valuable papers issuance/investment, financial leasing, goods purchasing on credit).

Cross Currency Swap

INTRODUCTION

VIB and Client agree to periodically exchange interest cashflows and/or notional cashflows based on two different currencies. The exchange rate is agreed upon signing the contract and is fixed during the whole transaction tenor.

OUTSTANDING FEATURE

• Hedge/mitigate interest rate risk & foreign exchange risk.
• Seperated from and does not effect original transaction.
• Flexible in structure and tenor, inline with original transaction.

DOCUMENTS

• Institutional documents
• Documents proving original transaction (deposit, loan, valuable papers issuance/investment, financial leasing, goods purchasing on credit).