Customer Service
info@cmegroup.com
800-331-3332 or 312-930-2316
CBOT 10-Year Interest Rate Swap
Options on CBOT 10-Year Interest Rate Swap futures provide a way to limit downside risk and maximize upside potential while maintaining exposure to intermediate- and long-term swap rates. They also enable you to:
- Acquire and lay off exposure to plain vanilla swap rates
- Create synthetic portfolios that more accurately track actual portfolio exposures, when used in conjunction with other CME Group interest rate futures
- Facilitate the structuring of a variety of credit spread and bank credit yield curve trades
Things to know:
- CME Clearing matches and settles all trades and guarantees counterparty creditworthiness
- Cash-settled against the respective ISDA Benchmark Rate
Benefits of trading 10-Year Interest Rate Swap options:
- Standardization
- Position scalability
- Trade scalability
- Administrative convenience and low operational cost
- Transparency
- High-grade credit exposure
- Capital efficiency
View free real-time quotes on a variety of electronically traded CME Group products
Four Important New Publications for Interest Rate Customers
View and download them here.
- An Efficient Approach to Mortgage Pipeline Risk Management
- Protecting Funding Margins with Binary Options on the Target Federal Funds Rate
- Liability Driven Investing: Challenges and Opportunities
- The Evolution of Alpha Transport Strategies into Fixed Income
To request a print version, please call Customer Service at 1-800-331-3332 or 312-930-2316.
New Market Maker Programs for Interest Rates Products
Get complete details on our market maker programs for trading options on U.S. Treasuries, 30-Day Fed Funds and Eurodollars
Tick Changes Pending for U.S. Treasury Products and Block Trading Approved for CBOT Interest Rate Products
Beginning March 3, 2008 CME Group will reduce the minimum tick size for three of its most actively traded U.S. Treasury contracts.
| Trade Unit | 1 CBOT 10-Year U.S. Interest Rate Swap Futures contract | ||
| Settle Method | Cash Settled | ||
| Point Size | 1 point = $15.625 | ||
| Strike Price Interval | Integral multiples of one (1) point per 5-Year Interest Rate Swap futures contract | ||
| Strike | |||
| Limits/Price Banding | |||
| Tick Size (Minimum Fluctuation) |
|
||
| Trading Hours | Electronic: 6:05 p.m. - 4:00 p.m. CT, Sunday - Friday | ||
| Listed | |||
| Product Codes | Clearing: 66 Open Auction: NIC for calls/ NIP for puts Electronic: OSR | ||
| Minimum Block Size | |||
| Product Calendar | 5 months always listed. 3 consecutive months + next 2 quarterly months (Mar, Jun, Sep, Dec). View current product listings |
| Trade Unit | 1 CBOT 10-Year U.S. Interest Rate Swap Futures contract | ||
| Settle Method | Cash Settled | ||
| Point (Tick) Size | 1 point = $15.625 | ||
| Strike Price Interval | Integral multiples of one (1) point per 5-Year Interest Rate Swap futures contract | ||
| Strike | |||
| Limits/Price Banding | |||
| Minimum Fluctuation |
|
||
| Trading Hours | Open Outcry: 7:20 a.m. to 2:00 p.m. CT, Monday - Friday | ||
| Listed | |||
| Product Codes | Clearing: 66 Open Auction: NIC for calls/ NIP for puts Electronic: OSR | ||
| Minimum Block Size | |||
| Product Calendar | 5 months always listed. 3 consecutive months + next 2 quarterly months (Mar, Jun, Sep, Dec). View current product listings |
Four Important New Publications for Interest Rate Customers
View and download them here.
- An Efficient Approach to Mortgage Pipeline Risk Management
- Protecting Funding Margins with Binary Options on the Target Federal Funds Rate
- Liability Driven Investing: Challenges and Opportunities
- The Evolution of Alpha Transport Strategies into Fixed Income
To request a print version, please call Customer Service at 1-800-331-3332 or 312-930-2316.
New Market Maker Programs for Interest Rates Products
Get complete details on our market maker programs for trading options on U.S. Treasuries, 30-Day Fed Funds and Eurodollars
Tick Changes Pending for U.S. Treasury Products and Block Trading Approved for CBOT Interest Rate Products
Beginning March 3, 2008 CME Group will reduce the minimum tick size for three of its most actively traded U.S. Treasury contracts.
| Contract Month | Product Code | First Trade Date | Last Trade Date | Settlement Date | |
| SEP08 | 66U08 | 01/07/2008 |  |
09/15/2008 | 09/15/2008 |
| DEC08 | 66Z08 | 03/18/2008 | |
12/15/2008 | 12/15/2008 |
| MAR09 | 66H09 | 06/17/2008 | |
03/16/2009 | 03/16/2009 |
Four Important New Publications for Interest Rate Customers
View and download them here.
- An Efficient Approach to Mortgage Pipeline Risk Management
- Protecting Funding Margins with Binary Options on the Target Federal Funds Rate
- Liability Driven Investing: Challenges and Opportunities
- The Evolution of Alpha Transport Strategies into Fixed Income
To request a print version, please call Customer Service at 1-800-331-3332 or 312-930-2316.
New Market Maker Programs for Interest Rates Products
Get complete details on our market maker programs for trading options on U.S. Treasuries, 30-Day Fed Funds and Eurodollars
Tick Changes Pending for U.S. Treasury Products and Block Trading Approved for CBOT Interest Rate Products
Beginning March 3, 2008 CME Group will reduce the minimum tick size for three of its most actively traded U.S. Treasury contracts.