Deliverable Swap Futures

Deliverable Swap Futures

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All the benefits of a futures contract with interest rate swap exposure

Deliverable Swap Futures (DSFs) provide interest rate swap exposure with the margin efficiency and simplicity of a standardized product. Capitalize on multiple execution venues, flexibility at expiration, and risk offsets with our liquid Interest Rate futures and options.

In a capital-constrained world that continues to evolve with the changing regulatory landscape, Deliverable Swap Futures offer a capital-efficient solution for gaining interest rate swap exposure.

Other benefits of trading DSFs include:

  • Lower margin levels of standardized products
  • Automatic risk offset versus Treasury and Eurodollar products
  • Avoid additional funding costs often charged on initial margin for cleared IRS

DSF Product Suite

USD Deliverable Swap Futures

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Euro Deliverable Swap Futures

  • Began trading 14, April 2014
  • 2-, 5-, and 10-Year Contracts
  • Notional value: €100,000/contract


View Euro DSFs

    The Internal Revenue Service published a new rule for Swaps with Nonperiodic Payments, eliminating the tax concern for trading Deliverable Swap Futures. 

    View the Rule Change

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