ICE Three Month SWESTR Indexed Futures83049692
ICE Futures Europe
ICE Three Month SWESTR Indexed Futures
Description
ICE Three Month SWESTR Index Futures is a cash settled future based on the interest rate accrued over a three-month IMM period.
Market Specifications
- Trading Screen Product Name
- Three Month SWESTR Indexed Futures
- Trading Screen Hub Name
- ICEU
- Contract Symbol
- SW3
- Underlying Index
- Swedish Krona Short Term Rate (SWESTR)
- Delivery Month
- Mar, Jun, Sep, Dec such that 17 delivery months are available for trading.
- Contract Size
- SEK 10,000,000
- Currency
- SEK
- Unit of Trading
- SEK 25,000 * Rate Index
- Quotation
- 100.00 minus the numerical value of the rate of interest
- Contract
- SEK 25,000
- Minimum Price Fluctuation
- 0.00250 (SEK 62.50)
- Last Trading Day
- One business day prior to the third Wednesday of the third calendar month after the start of the accrual period trading will cease at 18:00 (London Local Time)
- First Underlying Accrual Day
- Third Wednesday of the Delivery Month
- Last Accrual Date
- Business day prior to the Third Wednesday of the third calendar month after the start of the First Accrual Day
- Exchange Delivery Settlement Price
- 100 minus the EDSP Rate. Overnight rate compounded in arrears over the 3-month accrual period.
Publication: LTD+1
For the purpose of computing the EDSP, the SWESTR rate published on the business day immediately preceding the last business day of the year will apply to the last business day of the year, with the day-count weighting (dᵢ) for the applied rate spanning from that preceding business day to the first business day of the following year.
- Trading Hours
- 01:00 to 21:00 (LLT)
- Wholesale Trade Types
- Basis trading, Block Trading, Asset Allocation
- Clearing
- ICE Clear Europe
- Contract Standard
- Cash settlement based on the Exchange Delivery Settlement Price.
- Disclaimer
- The contracts have a standardised basis point value so that, for hedging purposes, a calculation will need to be made in relation to the hedge ratio to take into account any mismatch between the standardized basis point value and the actual basis point value of the position being hedged, determined by the actual number of days in the accrual period.
- MIC Code
- IFLL
- Clearing Venues
- ICEU
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 8:00 PM - 4:00 PM* 20:00 - 16:00 | 7:45 PM 19:45 |
| LONDON | 1:00 AM - 9:00 PM 01:00 - 21:00 | 12:45 AM 00:45 |
| SINGAPORE | 8:00 AM - 4:00 AM* 08:00 - 04:00 | 7:45 AM 07:45 |
Codes
- Clearing Admin Name
- SEK Rates
- Physical
- SW3
- Logical
- SW3
- GMI (FC)
- ION A.C.N.
- Symbol Code
- SW3