Customer Service
info@cmegroup.com
800-331-3332 or 312-930-2316
CBOT 5-Year Interest Rate Swap
Options on CBOT 5-Year Interest Rate Swap products provide a way to limit downside risk while maintaining exposure to intermediate-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 products
- 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 CBOT 5-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
3-Month Overnight Index Swaps Launching Sept. 7
Trade the spread between 3-month LIBOR and 3-month overnight rates with this new STIR product.
CNBC's Rick Santelli to host Fed Watch Webinar
Thursday, June 19, 2008
3:00 p.m., Central Time
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.
| Trade Unit | One CBOT 5-Year Interest Rate Swap futures contract of a specified delivery month | ||
| Settle Method | Cash Settled | ||
| Point Size | 1/64 of a point ($15.625/contract) rounded up to the nearest cent/contract | ||
| 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 | Sunday/Friday 5:30 p.m.-4:00 p.m. CT; Shutdown period from 4:00 p.m. to 5:00 p.m. nightly | ||
| Listed | |||
| Product Codes | Clearing: NG Open Outcry: NGC/NGP Globex: OSA | ||
| Minimum Block Size | |||
| Product Calendar | First three consecutive contracts in the Mar, Jun, Sep and Dec quarterly cycle View current product listings |
| Trade Unit | One CBOT 5-Year Interest Rate Swap futures contract of a specified delivery month | ||
| Settle Method | Cash Settled | ||
| Point (Tick) Size | 1/64 of a point ($15.625/contract) rounded up to the nearest cent/contract | ||
| 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: NG Open Outcry: NGC/NGP Globex: OSA | ||
| Minimum Block Size | |||
| Product Calendar | First three consecutive contracts in the Mar, Jun, Sep and Dec quarterly cycle View current product listings |
3-Month Overnight Index Swaps Launching Sept. 7
Trade the spread between 3-month LIBOR and 3-month overnight rates with this new STIR product.
CNBC's Rick Santelli to host Fed Watch Webinar
Thursday, June 19, 2008
3:00 p.m., Central Time
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.
| Contract Month | Product Code | First Trade Date | Last Trade Date | Settlement Date | |
| SEP08 | NGU08 | 01/07/2008 |  |
09/15/2008 | 09/15/2008 |
| DEC08 | NGZ08 | 03/18/2008 | |
12/15/2008 | 12/15/2008 |
| MAR09 | NGH09 | 06/17/2008 | |
03/16/2009 | 03/16/2009 |
3-Month Overnight Index Swaps Launching Sept. 7
Trade the spread between 3-month LIBOR and 3-month overnight rates with this new STIR product.
CNBC's Rick Santelli to host Fed Watch Webinar
Thursday, June 19, 2008
3:00 p.m., Central Time
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.