Cleared OTC Interest Rate Swaps

 
 
DSF Webinar Archive Compression via Coupon Blending Portfolio Margining OTC
 

CME Group has worked closely with buy-side and sell-side participants to build a multi-asset class, market leading OTC Clearing Solution.

Key Benefits

  • Industry leading customer protection through CME Clearing's use of the US FCM Clearing model
  • Strength of CME Group's market leading interest rate products business, which traded $3.1 trillion in notional per day in 2013
  • Unparalleled capital efficiencies via margin offsets of IRS positions against Eurodollar and Treasury Futures with savings up to 90%
  • Full transparency via direct access to daily valuation reports and the CME CORE margin tool
  • Superior technology enables real-time clearing with straight-through processing
  • NEW Deliverable Swap Futures: Offers capital efficiencies through futures-style margining and delivers into OTC Cleared IRS at expiration

Product Offering

Resources

Existing Products

  • USD, EUR, GBP Fixed/Float out to 51 years
  • CAD, JPY, CHF, AUD, NOK, SEK, DKK Fixed/Float out to 31 years
  • HKD, NZD, SGD Fixed/Float out to 15 years
  • MXN, HUF, CZK, PLN, ZAR Fixed/Float out to 11 years
  • Flexible day counts, business days, roll conventions and payment frequencies including stubs
  • 1M, 3M, and 6M LIBOR indexes
  • Zero Coupon Swaps
  • Overnight Index Swaps (OIS) out to 30 years
  • Basis Swaps
  • FRAs
  • Amortizing Swaps

The 18 currencies offered account for 95 percent of the vanilla IRS market, according to data from the Bank for International Settlements.

Other Future Products

  • Additional Currencies
  • Swaptions, Caps, Floors, Additional Currencies, Cross Currency Swaps and Inflation Products

Download Product Scope (XLS)

Overview

Onboarding

Portfolio Margining

Research Reports

Tools

Swap Execution Facilities (SEF)

 
 

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North America
Jeff Cranston
Sr Director, OTC Products
+1 312 466 7452

Kaitlin Meyer
Manager, OTC Products
+1 (312) 648-5343

Europe
Jaki Walsh
Senior Director, OTC Product Specialist
+44 20 3379 3858

Optimize Your Portfolio
Learn More About IRS on CME Clearing Europe
 

Futures & Options Trading

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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Local: +1 312 930 1000
Toll Free: +1 866 716 7274

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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.