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- Cross Currency Swap
Cross Currency Swap
Axis Bank offers Cross Currency Swap for clients who satisfy the criteria according to the policies of Axis bank and RBI
The cross currency swap allows participants to transform liabilities from one currency pair to another. This can be used to leverage FCY receivables or benefit from favourable FCY movements
This account comes with a host of unique features:
- Zero Monthly Average balance Requirement
- Extended benefits in cash deposits, withdrawal, chequebook, NEFT and RTGS
- Nil Monthly Service charge
- Classic , Supreme and Platinum options available for debit card. Click here
Cross Currency Swap- How it Works?
There are three steps according to RBI guidelines:
- 01
A product disclosure statement is sent to the client which gives him information about the product.
- 02
The client is contacted by the Axis Bank sales team who confirm the deal parameters on voicing according to which TS is finalised.
- 03
Finally the prepared TS is sent to client along with risk disclosure statement to be confirmed on email.
Fees & Charges
We charge only margin from the client.
Eligibility & Documentation
Based on ISDA, RBI guidelines, FEDAI guidelines, Axis Bank and other RBI policies
