Forward-starting swap volumes fail to surge, says Isda
Data refutes claims that market is using forward-starting trades to avoid Sefs, says industry body
Derivatives users have not flocked to forward-starting swaps to avoid having to execute trades on swap execution facilities (Sefs), despite claims to the contrary, according to data presented by the International Swaps and Derivatives Association on September 9.
The research, based on forward-stating swap trade data from October 2013 to August 2014, breaks down interest rate contracts into three categories. The first covered forward-starting swaps that start on one of the next two international
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