CME swaptions clearing ready for November launch

Service is waiting for CFTC approval; dealers say they will approach with caution

cme
CME headquarters

CME Group will begin clearing swaptions contracts as soon as November 3, pending approval from the Commodity Futures Trading Commission (CFTC), but dealers warn the service may not have widespread support in the near term. In particular, banks say it will take time to get comfortable with risk and default management procedures for what would be the most complex over-the-counter products cleared to date.

The move comes more than a year after the products were approved by CME's internal risk

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here