ABN Amro has launched miniature versions of interest rate swaps contracts targeted at companies, fund managers and institutions that are prevented from trading derivatives for regulatory or other reasons.The ‘MiniSwaps’ product let users take long and short views on interest rates and spreads. The open-ended products are priced at intrinsic value. Unlike derivatives, there is no time value element in the price.
“MiniSwaps open up the interest rate trading market for a range of new users,” said Robert Douch, global head of distribution in ABN Amro’s financial markets business. “In particular, those previously unable to access this market due to required credit lines, complex legal documentation or regulatory issues preventing their use of derivatives.”
Topics: ABN Amro
More on Foreign Exchange
Target redemption forwards declining in popularity for macro reasons
EC ‘forgets’ to mention sterling in letter defining forex contracts
Target redemption forwards with capped loss structure set for launch
CNT fixing will be a boon for Taiwan’s derivatives market
Sign up for Risk.net email alerts
Nominated for two technology awards
Nominated for post trade technology award
Sponsored webinar: Collateral and counterparty tracking
Isda directors warn on fragmentation, access and liquidity - but expect problems to pass
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.