Australian Dollar (AUD) Wheat Swap contracts offer two new centrally cleared over-the-counter (OTC) tools to the global wheat industry. Trades are submitted through CME ClearPort and cleared by CME Clearing, substantially mitigating counterparty risk for customers on both sides of the transaction.
Based on the CBOT Soft Red Winter (SRW) and KCBT Hard Red Winter (HRW) Wheat futures contracts, AUD Wheat Swap contracts facilitate hedging for Australian market participants currently using these global wheat benchmarks to manage risk. Because the contracts are denominated in AUD, they mitigate the need to manage the currency risk typically associated with the hedge.
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.