ICICI Bank offers innovative Treasury related services and products to its clients, based on its client's unique requirements by not only incorporating the best practices followed globally but also by leveraging technology to deliver bespoke solutions and user- friendly experience.

The Bank offers various derivative products viz. Forwards, Currency and Interest rate swaps, plain vanilla and exotic options and Forward Rate Agreements, etc. to various users as permitted by the regulation.

Forex
At ICICI Bank, we offer our clients customised hedging and trading solutions, evaluating their business strategically through dedicated Relationship Managers.

Derivatives Desk
At ICICI Bank, our clients have the advantage of competitive pricing in rates of interest and currency derivatives in all G7 currencies.

Interest Rate Swaps
With the focus on providing complete interest rate risk management solutions, we offer a full suite of interest rate derivative products.
In an interest rate swap, the underlying is the interest rate. It is an obligation for the counterparties to pay or receive interest, either fixed or floating as per the agreed terms, on an agreed amount (notional) in the same currency.

Currency Swaps
Our risk management solution also comprises of various currency swaps to hedge the rates of interest and the currency risks of our clients simultaneously, e.g. a client who has taken a JPY loan can eliminate the JPY rate of interest risk and the USD/JPY currency risk together, by doing a USD JPY currency swap.

Options
ICICI Bank offers a vast range of Option products to cater to the diverse risk management requirements of clients. Our product range varies from plain vanilla options to exotic structures, enabling us to provide customisable and effective currency risk management solution to clients.
A Currency option is a contract between a buyer and a seller that 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 (Premium).
Similarly, 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). A Collar is a combination of a bought Cap agreement and a sold Floor agreement, or vice versa.