Changes to the Description of Interest Rate Transactions and FX Interest Rate Transactions
We made some changes to the Description of Interest Rate Transactions and FX Interest Rate Transactions ('Transaction Description').
Key changes:
we added provisions which in the future will allow you to enter into:
- WIRON-based transactions,
- transactions based on the O/N compound rate with an observation period shift,
- interest rate options based on O/N rate benchmarks,
we removed forward rate agreements from our product range,
we removed provisions referring to binary interest rate options (no longer on offer),
we introduced editorial and layout changes to make the document easier to understand, more reader-friendly and clearer.
The new Transaction Description will enter into force on 1 July 2023. Please read it carefully. The document is available on our website: https://www.mbank.pl/en/help/forms/sme-corporate/financial-market/financial-market-transactions/description-of-the-interesr-rate/