Page 147 - EXIM-Bank_Annual-Report-2022

A VISION COMMITMENT EMPOWERING ENSURING ENHANCING FINANCIAL
TO SERVE TO LEAD GROWTH SUSTAINABILITY GOVERNANCE STATEMENTS 145

Notes to the fiNaNcial statemeNts

11. DerIvAtIve FINANCIAL INstruMeNts (cont’d.)

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

Group and Bank
2022

Notional hedged item: hedging
amount Hedging instrument: Interest/Profit Rate Swap MTN/SUkUk relationship Nature of risk
USD63 million* Floating rate of 3 months Libor + 1.85% p.a. Fixed 3.51% 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)
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
USD50 million Floating rate of 6 months Libor + 0.388% p.a. Fixed 1.831% Fair value hedge Interest rate
(receive fixed USD semi-annually/pay float USD per annum (payable
semiannually) semi-annually)
USD50 million Floating rate of 6 months Libor + 0.375% p.a. Fixed 1.831% Fair value hedge Interest rate
(receive fixed USD semi-annually/pay float USD per annum (payable
semiannually) semi-annually)

USD100 million Floating rate of 6 months Libor + 0.385% p.a. Fixed 1.831% Fair value hedge Interest rate
(receive fixed USD semi-annually/pay float USD per annum (payable
semiannually) semi-annually)

USD100 million Floating rate of 6 months Libor + 0.373% p.a. Fixed 1.831% Fair value hedge Interest rate
(receive fixed USD semi-annually/pay float USD per annum (payable
semiannually) semi-annually)
USD25 million Floating rate of 6 months Libor + 0.397% p.a. Fixed 1.831% Fair value hedge Interest rate
(receive fixed USD semi-annually/pay float USD per annum (payable
semiannually) semi-annually)

USD25 million Floating rate of 6 months Libor + 0.397% p.a. Fixed 1.831% Fair value hedge Interest rate
(receive fixed USD semi-annually/pay float USD per annum (payable
semiannually) semi-annually)

* Matured on 11 July 2022