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142   FINANCIAL      EXIM BANK MALAYSIA
                STATEMENTS

          Notes to the fiNaNcial statemeNts








          9.   Derivative financial instrUments (cOnt’D.)

               Fair value hedge (cont’d.)
               Full details of hedging as follows:
               Group and Bank

               2021

               Notional       hedging instrument: Interest/Profit    hedged item:       hedging         Nature of
               amount         Rate Swap                              MTN/SUKUK          relationship    risk
               USD63 million  Floating rate of 3 months Libor + 1.85% p.a.  Fixed 3.509%    Fair value hedge  Interest rate
                              (receive fixed USD semi-annually/pay float USD  per annum (payable
                              quarterly)                             semi-annually)
               USD100 million  Floating rate of 3 months Libor + 1.40% p.a.  Fixed 4.25%    Fair value hedge  Interest rate
                              (receive fixed USD annually/pay float USD   per annum (payable
                              quarterly)                             annually)

               USD150 million*  Floating rate of 3 months Libor + 1.16% p.a.  Fixed 2.48%    Fair value hedge  Interest rate
                              (receive fixed USD semi-annually/pay float USD  per annum (payable
                              quarterly)                             semi-annually)

               USD150 million*  Floating rate of 3 months Libor + 1.21% p.a.  Fixed 2.48%    Fair value hedge  Interest rate
                              (receive fixed USD semi-annually/pay float USD  per annum (payable
                              quarterly)                             semi-annually)
               USD150 million*  Floating rate of 3 months Libor + 1.214% p.a.  Fixed 2.48%    Fair value hedge  Interest rate
                              (receive fixed USD semi-annually/pay float USD  per annum (payable
                              quarterly)                             semi-annually)

               USD50 million*  Floating rate of 3 months Libor + 1.165% p.a.  Fixed 2.48%    Fair value hedge  Interest rate
                              (receive fixed USD semi-annually/pay float USD  per annum (payable
                              quarterly)                             semi-annually)

               HKD596 million  USD76.83 million at floating rate of 3 months   Fixed 2.95%    Fair value hedge  Interest rate
                              USD Libor + 1.24% p.a. (receive fixed HKD   per annum (payable            & foreign
                              annually/pay USD quarterly)            annually)                          currency
               HKD300 million  SGD47.89 million at floating rate of 6 months   Fixed 2.95%    Fair value hedge  Interest rate
                              SGD SOR + 1.00% p.a. (receive fixed HKD   per annum (payable              & foreign
                              annually/pay float SGD semi annually)  annually)                          currency
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