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146   eXIM BANK MALAYsIA                                                                 ANNUAL REPORT 2022

            Notes to the fiNaNcial statemeNts







          11.   DerIvAtIve FINANCIAL INstruMeNts (cont’d.)

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

              Group and Bank
              2021

              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)
              USD37.3 million  Floating rate of 3 months Libor + 1.70% p.a.  Fixed 3.01%    Fair value hedge  Interest rate
                             (receive fixed USD half yearly/pay float USD   per annum (payable
                             quarterly)                              semi-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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