• CME Group will launch Eris BSBY Swap Futures on April 10, subject to regulatory review

• 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

• Initial liquidity out to three years, listed tenors out to ten years

• Contributes to BSBY swap curve visibility, aiding valuation and risk management platforms

• Requires less than half the margin of swaps

• Adds to CME Group developing complex of 3-month BSBY Futures and BSBY cleared swaps

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Date

Tue, 03/15/2022 - 12:00