An agreement in which you can exchange predetermined cash flows over several future periods in two different currencies. The exchange of interest rates can be as follows: fixed-to-fixed, fixed-to-variable, variable-to-variable. A CCIRS transaction typically involves a capital exchange at the start and expiration of the deal.


  • A CCIRS transaction creates an opportunity for interoperability between different currencies, interest rates and interest bases.
  • Cross-currency interest rate swaps can provide a predictable cash flow in interest, credit or liquidity management activities.
  • The foreign exchange rate and interest rate risk can be managed in a coordinated manner.
  • A CCIRS transaction may be closed in whole or in part by a reverse transaction at any time before its expiry if the financing of the enterprise changes.
  • The risk of your loans/deposits/bonds with another bank may also be covered.
  • In addition to the interest quoted and accepted by the bank, no other expenses are charged to the client.


  • Depending on interest rate and exchange rate movements, you may be required to provide additional margin during the life of the transaction.
  • The potential loss of a CCIRS transaction is theoretically unlimited.
  • If you close the CCIRS deal by entering into a reverse transaction during the term, you may incur unlimited losses depending on the current market situation.
  • The CCIRS transaction involves an obligation: you are obliged to settle accounts with the bank even at lower/higher levels than the fixed interest rates, i.e. you may even realize a significant currency loss.
  • Replacing a fixed interest payment with variable interest payment may make you vulnerable to adverse interest rate changes.
  • While conversely, if interest rates are fixed, you may not benefit from a positive shift in money market yields.

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Useful documents

These documents in English language to the person concerned shall be for information purposes only. OTP Bank Plc shall fulfil its obligations imposed by the legal regulations or requirement of supervisory authority by the documents in Hungarian language.
In the event of any discrepancy between the English language and Hungarian language versions, the Hungarian language version shall prevail.

Information on the suspension of the market making obligation (available only in Hungarian)

Commodity swap

Cross-Currency Interest rate swap

Dual currency structured investment

Foreign exchange option

Foreign exchange swap

Forward deal in precious metals (gold and silver) transaction

Forward foreign exchange

Interest rate option

Interest rate swap

Long-Term Investment Account T+3 FORWARD

Spot securities transaction

Stock exchange futures

Stock exchange spot transaction

Securities Lending Transaction

Foreign exchange Orders

Subordinated Securities

EMIR Announcement

EMIR Information for Clients

Notice on the uEMIR Notice se of LEI CODES

Disclosure of information pursuant to Article 11 (11) of the EMIR Regulation

Information for Clients on MiFID

Global Markets ex-ante cost transparency information (available only in Hungarian)

The data to be published on the quality of execution of transactions according to Commission Delegated Regulation (EU) 2017/575 (available only in Hungarian)

Information on the identity of execution venues and on the quality of execution according to Commission Delegated Regulation (EU) 2017/576 (available only in Hungarian)

Systematic internaliser - quotes

Notice on the use of LEI CODES

Direct and indirect clearing services in respect of certain derivative transactions announcement

Key Information Documents – PRIIPs KIDs

Notice - on the impacts of the pandemic emergency on the money and capital markets

Notice - on the collateralisation of long-term investment combined securities account and long-term investment securities account - cash accounts

Notice - about transactions in chinese yuan (RENMINBI)

Terms and conditions and Announcements

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