Finance
Woori Bank makes first local corporate derivatives trade in London worth 70 million pounds
Woori Bank’s London trading centre has concluded its first derivatives transaction with a local company, it said on Monday. The centre provided a 70 million-pound loan and simultaneously executed an interest rate swap of the same size in cooperation with the bank’s London branch. Woori Bank said it directly hedged the resulting risk in London financial markets using its own trading book.
