Interest Rates Derivatives

Manage risk and build wealth

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Interest Rates Derivatives

Manage risk and build wealth

Apply Now

An Interest Rate Derivatives allows you to hedge your interest rate exposures.

Interest Rate Swap- IRS, is an agreement between two counter parties to exchange fixed rate interest payments for floating rate interest payments or vice versa, calculated using an agreed notional principal amount.

The Essentials

 Swaps are contractual agreements to exchange or swap a future stream of cash flows.

 Zero cost.

 Interest rate swaps allow the user to switch their effective liability from floating to fixed and vice versa.

 Cap/Floor strike is negotiable

 Upfront premium payable.

Interest rate cap

The Seller of the Cap agrees to compensate the Buyer, whenever a reference interest rate (e.g. LIBOR) exceeds a pre-agreed level (Cap Rate) for a period at specified intervals. Premium is payable upfront and calculated using an agreed notional principal amount.

Interest rate floor

The Seller of the Fllor agrees to compensate the Buyer, whenever a reference interest rate (e.g. LIBOR) fixes below a pre-agreed level (Floor Rate) for a period at specified intervals. Premium is payable upfront and calculated using an agreed notional principal amount.

Eligibility

Any customer who is holding a proper underlying transactions and having a good understanding about products in this nature is eligible to apply for Interest Rate Derivatives.

Please contact the Treasury Dealing Room on +8802 9896048, 9896049 or +8802 9896046, 9896310 for more details

Terms & Conditions apply
Product information and terms & conditions are subject to change from time to time. Therefore, it is advisable to contact the branch nearest to you for the latest information and prevailing terms & conditions.

Reverse REPOs

Related Categories

Investments

Foreign Exchange

Fixed Income Products

Financial Derivatives

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K Sripavan

Chairman

Mr Kanagasabapathy Sripavan was appointed as the Chief Justice of the Democratic Socialist Republic of Sri Lanka in January 2015 and held office until March 2017. During this period he functioned as the Chairman of the Judicial Services Commission of Sri Lanka, Chairman of the Incorporated Council of Legal Education, Chairman of the Sri Lanka Judges’ Institute and Chairman of the Superior Court Complex Board of Management.

Mr Sripavan was enrolled as an Attorney-at-Law of the Supreme Court of Sri Lanka in 1977. He obtained a Diploma in Industrial Law from the University of Colombo in 1992 and Master of Laws from the University of London in 1994.

He functioned as the Head of the Court of Appeal Unit in the Attorney General’s Department and handled a large volume of work both in the Court of Appeal and in the Supreme Court including Bills and Fundamental Rights Applications. Prior to the elevation to the Court of Appeal Bench he functioned as a Legal Consultant for the National Savings Bank for two years.

He was appointed a Judge of the Court of Appeal in May 2002 and was elevated to the post of President of the Court of Appeal in March 2007 by his Excellency the President. In March 2008 he was elevated to the Supreme Court Bench.