Foreign Exchange (FX) Swaps allow customers to exchange two currencies at an agreed rate on a specified value date, and at a later date swap the currencies at a pre-agreed rate. It gives flexibility to Corporates to optimize the use of cash flows of different currencies. NMB Treasury gives customers an opportunity to swap currencies for a period of up to 12 months.
Benefits;
- Allows customers to manage their liquidity.
- Helps customers hedge their portfolio against exposure to interest rate risk
