CME's 19th IRS Currency Creates REAL Opportunities for You

CME's 19th IRS Currency Creates REAL Opportunities for You

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Brazilian Real IRS Clearing launches August 31st

CME is extending our lead in the number of IRS currencies cleared with the launch of our 19th currency, Brazilian Real IRS - available in production on August 31st. With the success of Mexican Peso IRS clearing, there has been considerable demand from clients and dealers to clear BRL IRS in order to benefit from the capital and operational efficiencies of clearing. 

BRL is now available for testing in New Release, so contact your clearing members, liquidity providers and middleware platforms to ensure all setups are in place to clear this new currency.

Please reach out to your CME contact or the OTC Products Team to learn more about our offering.

CME Group's Brazilian Real IRS Clearing Solution:

  • Product Specifications: Zero Coupon Swaps on the BRL-CDI Index, with a 10 year maximum maturity 
  • Cash Flows: Variation margin, upfront payments, coupons, and PAI settled in USD
  • Price Alignment Interest: Fed Funds overnight rate, same as used for USD 
  • FX Rate: "Ask" price reported on Bloomberg Page BZFXPTAX at approximately 6:00 p.m. Sao Paulo time