Optimize your Interest Rate exposure with the most liquid capital and operationally efficient solutions on the market.
Discover what centralized clearing, portfolio margining and flexible execution can mean for your portfolio.
Cleared OTC IRS
An OTC Clearing Solution with Unmatched Efficiencies.
Deliverable Swap Futures
Save Using This Flexible and Capital-Efficient Contract
- Understanding DSFs
- DSF Overview Presentation
- DSF Correlation to OTC Swap Rates
- Ready, SEF, Go? Trade DSFs
- Interest Rate Product Details
- Swap Rate Curve Strategies with DSFs
- Creating Forward Starting Swaps with DSFs
- Substituting Swap Spreads with Futures
Liquid Contracts for Managing Long-Term Rates
Global Benchmark for Hedging Short-Term Interest Rates
Savings up to 90% – Cleared OTC IRS and Interest Rate Futures
Three examples of initial margin savings achievable for swap spreads
Each scenario has a short position of 1000 10-Year CBOT Treasury Futures and a DV01 equivalent receive fixed swap position (or long Deliverable Swap Futures) position.
|Separate Margining at Competing Clearing House|
|Treasury Futures Leg Margin||$1,100,000|
|Swap Leg Margin||$3,299,395|
|IRS Portfolio Margining at CME Group|
|Cleared OTC IRS and Treasury Futures Margined Together||$1,905,332|
|Total Savings from CME Group||$2,494,063 (57%)|
|Portfolio Margining with DSF|
|Deliverable Swap Futures and Treasury Futures with Spread Credits||$1,181,900|
|Total Savings from CME Group||$3,217,495 (73%)|