The derivatives transactions mainly provide customers with foreign exchange swap and the cross currency swap transactions. This helps customers change the currency structure or interest rate structure of assets and liabilities, the forward rate agreement, interest rate swaps and interest rate futures agreement for customers to avoid the interest rate risks and transfers between the different types of interest rates, the treasury bond futures that helps the customer to avoid the market risks on its investment accounts, and the derivatives transactions with underlying assets of stocks, credit and commodity. The target customers of this kind of service may include the corporate customers, institutional customers and personal customers that meet a certain set of requirements.
1. The forward interest rate agreement refers to the transaction agreement where both trading parties agree to exchange of the interest difference generated during the specified period of time based on an agreed amount of nominal principal, and the contracted and referential interest rate on a certain date in the future.
2. The interest rate swap refers to the transaction agreement where both trading parties agree to exchange the fixed interest rate and the floating interest rate based on a certain amount of nominal principles during a certain period of time in the future.
3. The foreign currency swap is where both trading parties agree to exchange a certain amount of fund in currency A to a certain amount of fund in currency B based on the agreed exchange rate and amount during a recent point of time, and to exchange the original amount of funds in currency A with currency B based on the agreed exchange rate at a later point of time.
4. The currency swap is where both trading parties exchange an agreed amount of RMB principal and foreign currency principal, and regularly exchange the interest on these two different currencies during a certain period of time.
5. Treasury bond options are where the customer pays or collects a certain amount of option fee and trades the rights to buy/sell the Treasury bonds with an agreed amount of face value at a future point of time.
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