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- Overnight Index and MIOIS Swap
Overnight Index and MIOIS Swap
Axis bank offers OIS + MIOIS swap for clients who satisfy the criteria according to the policies of Axis bank and RBI
Features & Benefits
Interest rate risk management
The client can hedge their interest rate risk by shifting interest rates from fixed to floating or vice versa, based on MIBOR or OIS fixing.
Benefits of the OIS Market
The OIS market is a mature and liquid platform, enabling participants to hedge, optimise, and better service their debt through efficient interest rate management.
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
OIS and MOIS 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.
