NASDAQ OMX STOCKHOLM AB OFFERS CLEARING OF RIBA FUTURES
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Riksbank Future Launch Site »

The monetary policy of the Riksbank (Central Bank of Sweden) is of great significance to interest rates in capital markets. Since the repo rate is the principal interest rate employed by the Riksbank, market players carefully monitor changes in this rate and the signals given by the Riksbank. Expectations regarding future repo rates are key indicators for many players when choosing to take positions in the interest-rate market.
Accordingly, NASDAQ OMX Stockholm has decided to introduce cash-settled futures specifically based on the Riksbank’s repo rate. The contract base is a fictitious loan with a term corresponding to the period between two IMM dates, with final settlement occurring against the average repo rate for the period concerned.

Download: Riksbank Future Quick Reference Guide »

Facts

Contract type:	Futures contract with daily settlement
Contract base:	Fictitious loan extending between two consecutive IMM dates
Contract base size:	Nominal value of SEK 1,000,000
Trades:	Trades in RIBA futures will be reached through bilateral negotiations between buyers and sellers, and reported to NASDAQ OMX for central counterparty clearing.
Tick size:	0.001
Tick value:	Depending on the number of days in the contract base, tick value of SEK 2.528 per contract with 91 day term
Price:	Contract price quoted as compound interest on the repo-rate periods concerned
Day calculation convention:	Actual/360
End months:	March, June, September and December
Final settlement day:	First bank day following end day
Expiration day/final trading day:	Two bank days prior to the third Wednesday of the end month
Daily fix:	Median value of indicative buy and sell interest rates quoted by market makers
Expiration fixing:	The Riksbank’s repo rate between IMM dates in the contract’s end month and the preceding IMM date, expressed as compounded interest
Offsetting:	Offsetting can take place during the entire term
Series term:	Twelve months

All information provided on this page shall be deemed to be general information regarding the instruments that can be traded at the exchange. For current rules for trade with the instruments we refer to the rules and regulations. Information on this page shall under no circumstances constitute any recommendation regarding investment decisions. The visitor shall be personally liable for the risks associated with any investment decision based on information on this page. Notwithstanding that the accuracy of the information provided herein has been verified, NASDAQ OMX Stockholm assumes no liability with respect to the accuracy or use of such information. 

 

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