CME modifies swaps contracts

The CME has made various changes to its swaps futures, including an extension to its block fee waiver, an alteration of its notional coupon and its listing schedule.

“Given the recent heightened concerns about counterparty risk, there has been renewed interest in our swap futures products. Customers have indicated that they’d like the fixed coupon rate on our swap futures contract to more closely correspond to the current interest rate environment,” says Robin Ross, the exchange’s managing director of interest rate products.