CME Cleared OTC Cash Flows Explained: Interest Rate Swaps and Credit Default Swaps

  • 30 Mar 2011
  • By CME Group

CME Cleared OTC Cash Flows Explained is a narrated slide presentation that clarifies how CME Group processes cleared interest rate swaps and credit default swaps. At CME, Cleared OTC Cash Flows maintain the current execution processes and platforms of bilateral OTC transactions but have the added security of central counterparty clearing. 

The presentation takes the viewer through the four components of cleared OTC transactions:

• Upfront Payment 
• PAI 
• Variation Margin 
• Coupon

The narrator provides examples that demonstrate each of the components involved in the CME cleared OTC cash flows.

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As the world's leading and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through the CME Globex electronic trading platform and trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort.

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CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX, and COMEX.