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Bank (Receive)

The document summarizes an interest rate swap agreement between a Bank and a Company with a notional amount of USD5 million from April 1, 2009 to September 28, 2012. The Bank agrees to pay the Company a floating rate of 1M SIBOR + 0.4% monthly and the Company agrees to pay the Bank a fixed rate of 2.9% monthly. The first interest payment date for both parties is May 1, 2009 and interest will be paid on the first of each month thereafter until the end date.

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siti fatimatuzzahra
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13 views1 page

Bank (Receive)

The document summarizes an interest rate swap agreement between a Bank and a Company with a notional amount of USD5 million from April 1, 2009 to September 28, 2012. The Bank agrees to pay the Company a floating rate of 1M SIBOR + 0.4% monthly and the Company agrees to pay the Bank a fixed rate of 2.9% monthly. The first interest payment date for both parties is May 1, 2009 and interest will be paid on the first of each month thereafter until the end date.

Uploaded by

siti fatimatuzzahra
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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IRS

Trade date: 12 March 2009

Counter partyes: Bank

Company

Notional amount: USD5,000,000.00

Tenot: 1 April 2009 28 September 2012

Business day: NYK, JKT (modified following)

Bank (receive): 2.9% (Monthly, a/360)

1st interest payment date: 1 May- 2009

Role date: 1st of April, May, June, Jul, Aug, Sept, Oct, Nov ...

Bank (pay) USD 1M SIBOR + 0.4(Monthly, a/360)

1st interst payment date: 1-May-2009

1st fixing date: rate is not available

Role date: 1st of April, May, June, Jul, Aug, Sept, Oct, Nov...

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