Financial Derivatives

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

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

Effect of swaps on currency composition of outstanding borrowings (31 December 2014)

a Other currencies include Brazilian real, Canadian dollar, yuan, Hong Kong dollar, Indian rupee, ringgit, Mexican peso, Norwegian Krone, Singapore dollar, South African rand, Swiss franc, and baht.

b Other currencies include yuan, Indian rupee, and Swiss franc.

Effect of swaps on interest rate structures of outstanding borrowings (31 December 2014)

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