Gain exposure to the implied equity repo rate on the constituents of the CAC 40® Index and of the FTSE MIB Index in a transparent and secure trading environment.
Designed to replicate the full economics of OTC Total Return Swaps in a cost-effective manner, TRFs simplify product settings to better suit the exchange environment.
Being traded on Euronext, the contracts offer transparency and accessibility via a centralised order book, and central clearing via Euronext Clearing. They provide a solution to the increased capital requirements arising from regulatory changes when trading OTC transactions, and allow investors to access implied equity repo as a new asset class.
Euronext CAC 40® Index and FTSE MIB Index Total Return Futures
Market information, contract specifications, settlement prices and open interest
What are the key benefits of trading the Euronext CAC 40® Index and FTSE MIB Index Total Return Futures?
- Provide cost-effective solutions replicating the full economics of OTC Total Return Swaps
- Enable to gain exposure to the implied equity repo rate on the index constituents in a transparent and secure trading environment via a centralised order book
- Offer long-term exposure with quarterly maturities available up to 10 years
- Leverage the Euronext Clearing's robust risk management capabilities to mitigate counterparty risk and provide strong margin offsets
- Ensure payoff accuracy and fungibility through a clear daily settlement procedure and the possibility to trade at the index close
- Provide market transparency with on-screen prices and improved liquidity supported by leading market makers, quoting a spread as an annualised rate in basis points (+/-)