Question
PT. Smart Finance (SF) has agreed with PT. Atma Finance (AF) to conduct an interest rate swap under the following conditions: Nominal swap: Rp.
PT. Smart Finance (SF) has agreed with PT. Atma Finance (AF) to conduct an interest rate swap under the following conditions: Nominal swap: Rp. 250,000,000 Agreement period: 2 years (April 20, 2022 - April 20, 2024) Interest payment: Every 3 Months Other agreements: PT. SF will pay a fixed interest rate, while PT. AF will pay interest according to the JIBOR. The JIBOR Table is provided on the following page. Duration Date 1 Month 3 Month 6 Month 12 Month 20 Januari 2022 5.25% 5.30% 5.50% 5.54% 20 April 2022 5.45% 5.65% 5.57% 5.61% 20 Juli 2022 5.44% 5.36% 5.56% 5.60% 20 Oktober 2022 6.05% 6.25% 6.33% 6.53% 20 Januari 2023 6.28% 6.38% 6.46% 6.38% 20 April 2023 6.45% 6.57% 6.65% 6.85% 20 Juli 2023 6.75% 7.05% 7.25% 7.29% 20 Oktober 2023 6.95% 6.65% 6.57% 6.61% 20 Januari 2024 6.84% 7.44% 7.64% 7.68% 20 April 2024 5.80% 5.88% 5.96% 6.00% 20 Juli 2024 5.68% 5.76% 5.84% 5.88% Calculate the net interest receipts/payments from PT. Atma Finance for the above hedging transaction for each period!
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