Pivdenny Bank launches a new product for business – currency swap

Pivdenny Joint-Stock Bank has launched a new product for corporate business – currency swap. It will help clients minimise currency risks and manage Hryvnia liquidity.

Within the framework of currency liberalisation, the National Bank of Ukraine has provided businesses with the opportunity to use such tools to minimise currency risks and manage liquidity in various currencies, such as forwards and swaps. Currency swap is a currency transaction that involves the purchase or sale of foreign currency with its sale or purchase at a particular date in the future with further specification of the conditions of these transactions (exchange rates, volumes, value dates, etc.).

“Currency swap is an effective tool for attracting new clients and retaining existing ones. Thanks to this product, clients will be able to quickly obtain Hryvnia liquidity at an affordable price. In addition, the currency swap will help them hedge currency risks and eliminate cash gaps”, said Oleksandr Matyushenko, Director of Corporate Business at Pivdenny Bank.

More details on risk hedging are available in the fourth episode of the “Money is not an issue” podcast on the Pivdenny Bank YouTube channel.