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CME Group will launch Eris BSBY Swap Futures on April 10, subject to regulatory review
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Quarterly futures replicating interest rate swaps linked to the 3-month Bloomberg Short-Term Bank Yield Index, a daily index referencing transactions in U.S. dollar debt instruments of leading global banks
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Initial liquidity out to three years, listed tenors out to ten years
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Contributes to BSBY swap curve visibility, aiding valuation and risk management platforms
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Requires less than half the margin of swaps
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Adds to CME Group developing complex of 3-month BSBY Futures and BSBY cleared swaps
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