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Soybean Calendar Swap
To view Daily Volume Report, see PG67 OTC Futures of the Daily Bulletin
Soybean Calendar Swaps through CME ClearPort address the need to hedge basis risk in the increasingly volatile grain and oilseed markets. They offer OTC market participants the benefits and financial safeguards of central clearing in addition to the flexibility of being able to use a variety of interfaces and platforms to access the CME ClearPort Web interface. They enhance risk management practices by enabling market users to create tailored hedges in a centrally cleared environment.
Benefits
- Financial integrity of CME Clearing virtually eliminating third party credit risk
- Flexibility of privately negotiated swap contract terms
- Reduced capital requirements due to cross product margin efficiencies
- Easy and accessible use of CME ClearPort services – limited and straightforward registration documentation*
- Position accountability through our daily mark to market process
*CME Group cleared only Grain Swaps eliminate the need for costly and time consuming ISDA documentation
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| Swaps White Paper (PDF) Calendar Swap Rules (PDF) Corn Basis Swap Rules (PDF) Basis Contract Settlements (XLS) |
About Calendar Swaps
Soybean Calendar Swaps are based on the average daily settlement price for the corresponding underlying futures contract during the final month of clearing the swap. They are cleared-only OTC transactions and are not substituted into a futures contract. They offer a way to manage price volatility.
About CME ClearPort
CME ClearPort is a set of flexible clearing services open to OTC market participants to eliminate third-party credit risk and provide capital efficiencies across a wide range of asset classes. Hundreds of thousands of transactions are cleared through it each day. Market participants have unparalleled flexibility to conduct their own transactions off-exchange and negotiate their own prices while benefiting from central counterparty clearing.
To submit transactions through CME ClearPort, customers must complete a registration form and user's license.
For more information, please contact:
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Chicago Office |
London Office |
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Chicago Office |
Singapore Office |
