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December 9, 2014

Eurex Euribor Fee Waiver | Packs Bundles and Strips

Fee Waiver for Euribor and Simplified IR Hedging using Packs, Bundles and Strips

Euribor Fee Waiver

The Management Board of Eurex Deutschland and the Executive Board of Eurex Zürich AG decided to waive transaction fees for EURIBOR futures from 10 December 2014 until 31 March 2015. https://www.eurexchange.com/blob/1181804/b331cf88f0737848c33aa76d91ffcf00/data/er14262e.pdf

Cost-efficient hedging of STIR risk

Eurex Exchange, home to the euro yield curve, delivers greater operational efficiencies for STIR (short-term interest rate) traders with Packs, Bundles and Strips in EURIBOR futures.

Hedging in money market derivatives typically requires traders to either buy or sell several outright contracts with consecutive maturity dates at once. Packs, Bundles and Strips package successive contracts together in order to facilitate execution. http://www.eurexchange.com/exchange-en/products/int/mon/packs-bundles

To encourage take up of these new products there is also a fee waiver: https://www.eurexchange.com/exchange-en/resources/circulars/EURIBOR-futures–Introduction-of-packs–bundles–strips-and-new-standard-futures-strategies–transaction-fee-waiver-for-packs-and-bundles/1157998

Byron


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