Interest Rate Swap

  • Create a fixed interest rate on your loan


  • Two parties  agree  to exchange interest payments, based on a nominal principal, over a certain period of time. One party is required to pay a floating interest rate and the other party to pay a fixed interest rate

  • Suitable for corporate with floating interest rate loans/liabilities

  • A defensive and conservative hedging strategy to hedge against rising interest rate risk

  • Simple and straightforward hedging solution

  • Allows hedger to convert his floating interest rate loan into a synthetic fixed interest rate loan so he could ascertain the interest costs

  • No exchange of notional amount, only exchange of interest payments

  • No upfront fees payable

  • Available in different currencies (for example, SGD, USD, EUR, JPY. etc) and available to hedge against different floating interest rate market indices (such as SGD Swap Offer Rate, USD Libor, EURIBOR etc)

  • Tenure ranges from 1 year to 15 years

How to Apply

To apply, all corporations have to set up a Swap Line with us. The Swap line states the maximum amount and tenor that you may contract at any one time.

Global Markets Sales

Please contact us during office hours:

Commercial Desk     +6 03 - 2613 8188
Corporate & FIG Desk     +6 03 - 2776 9166

24-hour UOB Call Centre

Kuala Lumpur       +6 03 - 26128 121
Penang       +6 04 - 2401 121
Johor Bahru       +6 07 - 2881 121
Kuching       +6 082 - 287 121
Kota Kinabalu       +6 088 - 477 121


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