By entering into an Interest Rate Swap (IRS) to pay fixed and receive floating rate, a company can effectively create a fixed interest rate on its loan.
Tenor of IRS ranges from 1 to 20 years.
By entering into an Interest Rate Swap (IRS) to pay fixed and receive floating rate, a company can effectively create a fixed interest rate on its loan.
Tenor of IRS ranges from 1 to 20 years.
To apply, all institutions have to set up an IRS Line with the Bank. The IRS line states the maximum amount and tenor that you may contract at any one time.
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United Overseas Bank Limited
Financial Institution Sales
80 Raffles Place
5th Storey UOB Plaza 1
Singapore 048624
Tel: 6233 6032