With the help of an interest rate swap, you can exchange a variable rate loan for a fixed rate loan or vice versa. By fixing the interest rate, maturity and the value of the relevant loan, future cash flows can be made predictable when it comes to hedging. In the transaction, not the capital but only the interest changes hands, so the counterparty risk is moderate.

It provides flexibility to allow, for example, a loan to be divided into fixed and variable rate parts according to the client’s needs. The product is also flexible in terms of time, for example, in the case of a loan, it is not necessary to cover the entire term.

The main properties of the product:

  • The variable rate is set (fixed) two working days before the start of the given period, while the interest payment is made at the end of the given period.
  • Interest income and interest expenses can be fixed in advance by concluding the transaction.
  • It is important that IRS interest periods and frequency of interest payments are consistent with the interest periods and time of interest payments on the base product (loan).
  • It can be concluded to cash flows with different maturity (amortization).
  • Net settlement, the parties account for the difference between the fixed and variable interest rates.
  • A product with a low base collateral and high liquidity.
  • It can be closed in whole or in part before the expiration of the transaction at any time by a reverse transaction, the value of which depends on the current interest market environment.
  • When you close an interest rate swap early, you may incur a profit or loss depending on current interest rate market developments.
  • It can be concluded for a long period of time, up to 20-25 years.
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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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