Interest Rate Swap (IRS)

Introduction

Interest Rate Swap (IRS) is a derivative agreement between Shinhan Bank and a customer, in which one party exchanges floating interest payments with fixed interest payments of another party, for a single currency.

Product features

Currency: USD, JPY, EUR

Interest rate: Predetermined in the agreement

Maturity date: As agreement between two parties but not exceed principal loan maturity date

Swap types: Floating => Fixed, Fixed => Floating

No swap on principal amount (Interest swap only)

Interest rates are referenced with different indexes applied in the currency markets (Libor, Euribor., Sibor..).

Benefits

Hedging solution for corporate loans, especially for mid-long term one

Control of interest rate risk

Fix borrowing cost over IRS contract term

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1900 1577