Wednesday, Mar 02, 2022 14:12
Sacombank has received approval from the State Bank of Vietnam to trade in and provide interest rate derivative products.
The products will assist customers in hedging against adverse fluctuations in interest and exchange rates on loans, especially with medium- and long-term tenors.
In addition, interest rate swaps are also a solution to help customers reduce capital mobilisation costs when switching from a high to a lower interest rate currency.
Customers can also use interest rate derivatives to protect their profits against adverse market movements.
After 30 years of operations, Sacombank now has 560 branches in Viet Nam, Laos and Cambodia. — VNS
With the exchange rate at VNĐ25,356 buying a dollar, Masan will receive VNĐ6.228 billion in net cash from this investment which will significantly improve Masan’s balance sheet.
