Interest Rate Products

ANZ has the expertise across a broad product spectrum in interest rate derivatives. Our product offerings include interest rate swaps, basis swaps and interest rate options, forward rate agreements (FRAs),and structured products.

Interest rate swap

Interest rate swaps are often used by firms to alter their exposure to interest-rate fluctuations, by swapping fixed-rate obligations for floating rate obligations, or vice versa. By swapping interest rates, a firm is able to alter its interest rate exposures and bring them in line with management's appetite for interest rate risk.

Basis swap

Basis swap, an element in interest rate swaps (interest rate swaps involved the exchange of two floating rate financial instruments denominated in the same or different currencies), it allows investors who are expecting a change in the relationships between interest rates, to position themselves for hedging or speculative purposes.

Forward rate agreement

FRA is an over-the-counter contract between parties that determines the rate of interest, or the currency exchange rate, to be paid or received on an obligation beginning at a future start date. The contract will determine the rates to be used along with the termination date and notional value. On this type of agreement, it is only the differential that is paid on the notional amount of the contract. 

Interest rates structured products

Interest Rates linked structure products are tailored solutions which are customised to your risk profile and return expectation on the interest rate movements.

Learn more about ANZ interest rate products