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 Borrowings (31 December 2015)

a Other currencies include Brazilian real, yuan, lari, Hong Kong dollar, Indian rupee, yen, ringgit, Mexican peso, Norwegian krone, Singapore dollar, South African rand, Swiss franc, baht and Turkish lira.

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

Effect of Swaps on Interest Rate Structure of Borrowings (31 December 2015)

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