FX Week

World Bank Offers Standalone Derivatives To Borrowers


WASHINGTON--The World Bank is planning to expand its range of currency and interest rate derivatives products with the introduction of so-called "standalone derivatives" by the end of the year.

"This is a logical result of our gradual policy of offering currency and interest rate derivatives to our emerging markets borrowers to hedge existing loans," says Thumpersary George, principal financial officer at the bank in Washington, DC.

"Standalone derivatives--where the bank arranges a specific