What is the process for execution of stand-alone hedging products?
In the case of stand-alone hedging products, the borrower must enter into a Master Derivatives Agreement (MDA) with IBRD. The borrower must also provide to IBRD (and keep up-to-date) a list of signatures of officers authorized to enter into IBRD hedge transactions. After the MDA is in place, the borrower must submit a hedge request form. The request must include a rationale for use of IBRD Hedging Products, hedge terms being requested, and specific IBRD or non-IBRD loan(s) to be hedged. Incomplete requests may not be executed. For any questions related to hedging products, borrowers can contact the Banking and Debt Management team at any time. Request Forms can be downloaded from Treasury’s web site at Hedge Request Forms and, once prepared, should be sent to loanclientservice@worldbank.org IBRD will make reasonable efforts to execute a borrower’s hedge request within 15 business days from the day a request is received by Loan Client Services in form and substance acceptable by the IBR
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