The U.S. leveraged loan market has grown into a crucial $1.54 trillion segment in the credit landscape, now rivaling high-yield corporate bonds. To meet strong institutional demand for efficient risk management, S&P UBS USD Liquid Leveraged Loan Index futures are a new exchange-traded contract that provides you with a capital-efficient and reliable tool to manage risk and address critical hedging gaps in this rapidly expanding market.
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Key features
Superior capital efficiency
Maximize leverage relative to ETFs, capture margin offsets against Credit, Treasury and Equity Index futures, and bypass uncleared margin rules (UMR).
Pioneering risk management
Bridge the credit hedging gap with the first exchange-traded contract built specifically to manage leveraged loan risk, using the same underlying index as standardized iBoxx TRS.
Streamlined sell-side hedging
Seamlessly manage banking risk exposures across underwriting, warehouse financing and secondary market liquidity provision.
Flexible buy-side strategies
Gain broad exposure, hedge loan prices during CLO ramp-ups or overlay portfolios to protect high-conviction positions.
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About the underlying index
The S&P UBS USD Liquid Leveraged Loan Index tracks the performance of the most actively traded, liquid U.S. dollar-denominated leveraged loans. Derived from the broader S&P UBS Leveraged Loan Index, it isolates around 100 highly liquid loans to provide a tradable benchmark for derivatives and ETFs.
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