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Interest Rate Swap is a derivative, a contractual 

arrangement between two parties whereby you can exchange a series of future floating rate payments for payments at a fixed rate determined at the time of the transaction, thus protecting you from any increase in interest rates.

 

The IRS seller seeks to benefit from any decrease in the interest rates, thus exchanging future fixed rate payments for payments at a floating rate determined according to the evolution of the reference index used (e.g. EURIBOR, LIBOR, etc.). An IRS transaction does not involve an exchange of the principal.

 

Regulatory framework

For more details regarding the regulatory framework of the investment products and services distributed by OTP Bank Romania, please access the MiFID II webpage.