NotiPass_80%K-Trade Connect will be closed on December 11, 2019 at 10:00 p.m. and resuming services on December 12, 2019 at 02:00 a.m. $More Details.%/en/announcement/Pages/SystemMaintenanceK-Trade-Connect.aspx
/en/business/derivative-investments/pages/ccs.aspx
Top|Left
Green
Cross Currency Swap (CCS)
KWebPageContentHead
Safeguard your business from FX and interest risks.
An agreement/ contract to swap your principal payment (and interest payment) from one currency to another currency.
Manage FX and interest rate mismatch from your investment and debt.
Ideal for customers with income/ investment in the currency that is different from the currency of their expense/ debt.
Wide range of solutions, to fit your business.
- Vanilla CCS, exchanges (or swaps) both the principal amount and the interest amount
- Principal only CCS (or Net Basis Swap), exchange only the principal amount
- Coupon Swaps, exchanges only the interest amount
- etc.
Service Details
| Conditions |
|---|
- As per Bank of Thailand regulation, customer who wish to enter into CCS transaction must present a qualified underlying such as foreign currency loan or foreign currency investment
- Customer must have credit limit established with KBank
|
Frequently Asked Questions
What is underlying ?
According to Bank of Thailand (BoT) regulations, a seller or buyer of foreign currency must have an underlying obligation such as invoices for goods and services, loan agreement. However, customers must present evidence to the bank on the date of purchase.
What floating interest rate benchmark that KBank offers in CCS ?
KBank can offer all market benchmarks such as THOR, MLR, SOFR, EURIBOR, JPY TONA, etc. For further detail please contact your Relationship Manager (RM) or K-BIZ Contact Center at 02-8888822.
Which currencies are available in CCS ?
KBank supports all tradable currencies in CCS market such as THB, CNH, SGD, USD, EUR, JPY, GBP, AUD, CAD, etc.
Can CCS protect 100% against foreign exchange (FX) and interest rate risks ?
CCS is just a financial contract that effectively changes (swaps) your payment from one currency to another and changes your interest rate exposure from floating into fixed (or vice versa). How well your interest rate and FX risks are eliminated, depend on how well the CCS matches your underlying business. For further detail please contact your Relationship Manager (RM) or K-BIZ Contact Center at 02-8888822.
Do I need to have underlying loan and/or investment with KBank to do CCS with KBank ?
No, you don’t need to. For further detail please contact K-BIZ Contact Center at 02-8888822 or your Relationship Manager (RM).
I am interested to know more about Cross Currency Swap (CCS), who should I contact ?
For further detail please contact your Relationship Manager (RM) or K-BIZ Contact Center at 02-8888822.
