Service Navigation

New product launch: SARON? Futures

Three-Month SARON? Futures

Supporting the Swiss market transition to a new risk-free rate

Regulatory pressure, along with ongoing issues regarding LIBOR, has created the need for alternative risk free reference rates (RFRs). In Switzerland the National Working Group (NWG) has proposed SARON? as an alternative interest rate benchmark. To help the market with an orderly transition to the new benchmark, Eurex has launched a Three-Month SARON? Futures contract, the first exchange-traded SARON? Futures globally, in October 2018.

“SARON? Futures help the CH-denominated market transition smoothly to the new risk free rate and further complement our CHF offering in OTC IRS Swaps, CONF Futures and STIRs.”

Lee Bartholomew, Head of Fixed Income & FX Product R&D

In Switzerland both LIBOR and the TOIS-fixing stopped being the most reliable way to determine the cost of debt securities. In 2017 the NWG proposed SARON? as an alternative interest rate benchmark. At the end of 2017 the Swiss market replaced the TOIS fixing with SARON?. Eurex Clearing AG stopped clearing TOIS Indexed Swaps at the end of 2017 and at the same time switched to a SARON? swap discounting curve for CHF swap transactions. ECAG offers clearing for SARON? swaps since 2017.

SARON??is the new Risk Free interest rate for the discount of CHF OTC Interest Rate Swaps.?

It is a collateralized reference rate based on actual market transactions and quotes in the regulated SIX Repo market. Calculated transparently in accordance with the IOSCO Principles for financial benchmarks, SARON??is compliant with international benchmark standards.

?


?

Contacts

Sales United Kingdom

Vassily Pascalis

T +44-20-78 62-72 11

Sales Italy and Switzerland

Francesca Dell'Era

T +41-43-430-71 23

Derivatives Product Development

Jenny Ivleva

T +44-20-78 62-70 98

[email protected]?


?
?

Market Status

XEUR

-

-

Parts of the trading system are currently experiencing technical issues

The trading system is currently experiencing technical issues

Production newsboard

The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.

We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.

An instant update of the Market Status requires an enabled up-to date Java? version within the browser.

  • 报告显示: 中国海外人才归国逐年上升 2019-03-21
  • 脱下警服当支书 老高回村以后(新时代·面孔) 2019-03-20
  • 《国风·秦韵》庆祝2018年文化和自然遗产日惠民演出开演 2019-03-19
  • 台湾如何管理“路边摊” 2019-03-18
  • 回复@老老保老张工:玩你的铁环去! 2019-03-17
  • 新时代的主要矛盾是需要与发展不充分不平衡的矛盾,发展不充分的原因在于历史的欠账,近代的落后,发展的不平衡的原因应该归功于市场经济。 2019-03-17
  • 广东暴雨4人“疑似被电击”致死 市民上街提心吊胆 2019-03-16
  • 岚山区:婚育新风吹进基层 2019-03-16
  • 中印抗衡欧佩克相关新闻 2019-03-15
  • 回复@跟踪追击:又一个老蚕被钓出来了!咱先不说话了,看到底能钓出几个老蚕? 2019-03-14
  • 今天,这个国家十分之一人来到了现场 2019-03-14
  • 就因为“阶级亲”,才应把这些难民送到欧洲。欧洲生活水平高呀,让亲人生活的更好。不能让他们到中国受苦受难呀。 2019-03-13
  • 土地红线不断的下降,农民却越吃越饱,中国农民是一只神的力量,会魔法 2019-03-12
  • 首届上合组织国家电影节 “冷门”电影集中亮相 观众大饱眼福 2019-03-11
  • 丹东楼市调控后日均销售不足20套,市场回归正常 ——凤凰网房产上海 2019-03-11
  • 252| 160| 185| 431| 531| 7| 693| 223| 368| 132|