The product is similar to the currency swap. The difference is in term and the way of interest disbursement. Minimum cross-currency swap term is one year and interests are not disbursed in final conversion like it is in currency swap but regularly, in predefined intervals of swap durability.

Cross-currency swap enables the client to change the character of investment or financing without a necessity to change the original deal. Change can be done in currency and/or in the way of interest calculation - fixed interests changed to floating interests or vice versa. The period of interests' disbursement can also be modified. Client can thus comfortably adjust the original deal (financing or investment) according to the new market demands or needs. Cross-currency swap can also be used as hedging instrument.

Asset swap is one of the examples of cross-currency swap usage. This product enables to buy credit risk of predefined bonds in other than bond currency.

Conditions
- signing Treasury Business Conditions,
-- Agreement on Forward Foreign Exchange Transaction with Mutual Compensation,
- minimum volume of deal equal to 30 000 EUR
- deal concluded between 8.30am and 4.00pm each working day.