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ICICI, StanChart and HSBC enter ‘swaption’ deals
August 22 , 2021
1194 days
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- ICICI Bank cut India’s first set of ‘swaption’ deals with HSBC and Standard Chartered Bank.
- It leads to a new era of risk management in the country’s interest-rate derivatives market that needs to introduce world-class solutions to draw more overseas funds into local debt assets.
- The ‘swaption’ interest-rate derivative product should help both local borrowers and investors to rein in funding costs in a rising rate scenario and retain investment returns in a falling rate scenario.
- In June, 2019, the Reserve Bank of India (RBI) issued guidelines for ‘swaption’ deals.
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