ANZ China has a variety of interest rate products, mainly including interest rate swap and cash bonds.
Our interest rate risk management strategy covers:
- Interest rate risks arising from financing or debt;
- Hedging strategies for assets and liabilities.
Interest rate swap
Interest rate swap is often used by customers to hedge interest rate risks, by swapping fixed-rate obligations and floating-rate obligations in accordance with their management’s risk appetite.
Cash bonds are issued by the Ministry of Finance, the People's Bank of China, policy banks or other institutions at a certain interest rate. Foreign institutional investors may, in accordance with the requirements of the People's Bank of China, enter China’s inter-bank local currency market and purchase RMB bonds for yield.