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Derivatives

ADB uses financial derivatives to raise operationally needed currencies in a cost-efficient way, usually undertaking currency and interest rate swaps, simultaneous to an issue of bonds.

These transactions are fully hedged to remove currency and interest rate risk.

Effect of Derivatives on Currency Composition
(31 December 2008)

^a Other currencies include Australian dollar. Canadian dollar, euro, Hong Kong dollar, Indian rupee, Kazakhtan tenge, Malaysian ringgit, Mexican Peso, New Taiwan dollar, New Zealand dollar, Philippine Peso, pound sterling, renminbi, Singapore dollar, South African rand, Swiss franc, Thai baht, and Turkish lira.
^b Other currencies include Australian dollar, Kazakhstan tenge, Indian rupee, Philippine peso, pound sterling, renminbi, and Swiss franc

Effect of Derivatives on Interest Rate Structure
(31 December 2008)

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