Interest rate swap is the exchange of different interest rates paid by both parties on the basis of the same nominal principal amount, that is, the interest exchange of the same currency with different interest rates. Through this swap, one party can exchange assets or liabilities with fixed interest rate for assets or liabilities with floating interest rate, and the other party will get the opposite result. The main purpose of interest rate swap is to reduce the capital cost (interest) of both parties to the transaction and make them obtain their own interest payment methods (fixed or floating).

Tips: The above contents are for reference only.

Reply time: 2022-0 1- 17. Please refer to the latest business changes announced by Ping An Bank in official website.