Mexican peso-denominated futures linked to quarterly IMM dates based on the Bank of Mexico’s Overnight TIIE Funding Rate (F-TIIE)
Three-Month F-TIIE futures bring liquidity and enhanced risk management to Mexico’s short-term funding markets, while also supporting the objectives of the Central Bank of Mexico to develop a domestic funding curve on the F-TIIE rate – an IOSCO compliant, risk-free reference rate based on the highly developed and liquid Mexican repo market.
Complementing global short-term rate contracts such as ESTR and SOFR, Three-Month F-TIIE contracts also follow IMM dates to further develop the Mexican interest rate curve and allow for spread trading against other key benchmarks.
*Pending regulatory review
Resources
Features and benefits
Find new spread trading opportunities
With a familiar, quarterly IMM futures design, participants can seamlessly manage risk and trade spreads against key STIR benchmark rates around the world, such as SOFR and ESTR.
Develops the Mexican interest rate curve
While monthly contracts facilitate short-term granularity, Three-Month F-TIIE futures contracts allow for replication of longer-dated risk exposures with a fewer number of futures instruments. Contracts listed out to five years will enable pricing curve extension.
Precise hedge for central bank policy
Three-Month F-TIIE futures offer an efficient tool for expressing a view or hedging risk around policy changes from the Central Bank of Mexico.
Vendor Codes
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F-TIIE FUTURES |
|---|---|
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Outright |
|
CME Globex |
TI3 |
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Clearport |
TI3 |
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Bloomberg |
TIPA Comdty |
|
CQG - All Venues |
TI3 |
|
DTN, Inc - All Venues |
@TI3 |
Courses
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