Treasury

ICICI Bank Singapore manages one of the largest treasuries and offers a complete suite of products including forex services, currency swaps and more.

Our team is dedicated to providing you with a suite of specialised solutions to manage risk and optimise liquidity. Whether it is navigating foreign exchange markets, managing interest rate risks or providing investment solutions, we are committed to delivering expertise that aligns with your unique goals.

Our extensive global network spans across 15 locations, offering a comprehensive range of financial instruments including FX forwards, cross currency and interest rate swaps, plain vanilla and exotic FX and interest rate options and forward rate agreements.

Forex

Our team specialises in delivering customised forex solutions to address your business needs. Solutions include remittances, deliverable and non-deliverable forwards for Asian currencies.

Derivatives Desk

We offer a range of interest rate and FX derivatives across major benchmarks and G7 currencies for corporate hedging needs.

Interest Rate Swaps

An IRS is a hedging instrument commonly used by corporates and institutions, where two parties exchange interest payments – fixed or floating to manage exposures related to interest rate fluctuations.

IRS is suitable for corporates and institutions with floating rate liabilities. For example, a corporate with a floating rate Term Loan referencing USD SOFR can use the IRS to convert the interest rate to a fixed rate loan.

Tenors range from 1 year to 30 years

Available in major interest rate indices (SOFR, EURIBOR, SORA, etc).

Currency Swaps

A currency swap is a hedging tool for corporates and institutions to protect against changes in foreign exchange and/ or interest rate movements.

(For example - a customer who has taken a JPY variable rate loan can manage the interest rate risk and the USD/JPY FX risk by entering into a USD JPY currency swap.)

Options

The team offers a range of FX options from plain vanilla to structured products for currency risk management.

The buyer of the option pays a premium to the Bank which gives the buyer, the right to buy (call option) or to sell (put option) an underlying currency at a future date at an agreed price (strike).

An interest rate option gives the floating rate borrower the right to place an upper limit on the rate of interest exposure (cap) or the floating rate lender the right to place a lower limit on the rate of interest exposure (floor).