Eurodollar

CME Group SOFR Futures and Options Reach Single-Day Trading, Open Interest Records

Retrieved on: 
Thursday, March 9, 2023
CME Group, ADV, SOFR, CME, Growth, Risk management, OI, Policy, Security (finance), Eurodollar

Individually, SOFR futures traded a record of 5,836,669 contracts on March 7, with record OI of 10,897,300 contracts the same day.

Key Points: 
  • Individually, SOFR futures traded a record of 5,836,669 contracts on March 7, with record OI of 10,897,300 contracts the same day.
  • "With continued economic and interest rate policy uncertainties, SOFR futures and options are proving to be extremely valuable risk management and hedging tools," said Agha Mirza, CME Group Global Head of Rates and OTC Products.
  • "The market for SOFR futures and options is deeply liquid and fully developed, with a year-to-date average daily volume that exceeds the highest annual volume ever recorded for Eurodollar futures and options."
  • Month-to-date in March 2023, the average daily volume (ADV) of SOFR futures and options traded is 6,808,280 contracts, with SOFR futures ADV equivalent to 1,168% of Eurodollar futures ADV and SOFR options ADV equivalent to 1,800% of Eurodollar options ADV.

Dine Brands Global, Inc. Completes Replacement of Existing Variable Funding Senior Notes and Upsizes Financing Capacity

Retrieved on: 
Friday, August 12, 2022
Retail, Restaurant, Bar, Professional Services, Finance, Epidemic, U.S. Securities and Exchange Commission, Bankruptcy, Securities Act of 1933, Lists of disasters, Industry, NYSE, Dine Brands Global, Term, Eurodollar, Securities Exchange Act of 1934, Security (finance), Class, Information technology, Compliance, SOFR, Restaurant, Ill, Magazine, COVID-19, Company, DIN, News & Notes, Pandemic, Forecasting, IHOP, Social media, Ownership, Insurance, Note, Health

Dine Brands Global, Inc. (NYSE: DIN), the parent company of Applebees Neighborhood Grill + Bar and IHOP restaurants, today announced it completed the replacement of its previous Series 2019-1, Class A-1 Variable Funding Senior Notes (the Class A-1 Notes) with a new series of Class A-1 Variable Funding Senior Notes (the New Notes) and increased its financing capacity.

Key Points: 
  • Dine Brands Global, Inc. (NYSE: DIN), the parent company of Applebees Neighborhood Grill + Bar and IHOP restaurants, today announced it completed the replacement of its previous Series 2019-1, Class A-1 Variable Funding Senior Notes (the Class A-1 Notes) with a new series of Class A-1 Variable Funding Senior Notes (the New Notes) and increased its financing capacity.
  • Based in Glendale, California, Dine Brands Global, Inc. (NYSE: DIN) (Dine Brands), through its subsidiaries, franchises restaurants under both the Applebees Neighborhood Grill + Bar and IHOP brands.
  • With approximately 3,400 restaurants combined in 16 countries and approximately 338 franchisees as of December 31, 2021, Dine Brands is one of the largest full-service restaurant companies in the world.
  • For more information on Dine Brands, visit the Companys website located at www.dinebrands.com .

Firms Navigating Final Challenges of the LIBOR Transition, Bloomberg Survey Finds

Retrieved on: 
Thursday, March 17, 2022
RFR Engineers, Time, Solution, Bloomberg Terminal, Technology, Language, News, LIBOR, PRMIA, Multimedia, Organization, Risk, RFR, USD, Terminal, Eurodollar, Contract, ISDA, International Association, Cryptocurrency, Bank, Renewable energy, Bloomberg

The survey, conducted in February 2022, polled 130 executives from financial services firms and corporations around the globe.

Key Points: 
  • The survey, conducted in February 2022, polled 130 executives from financial services firms and corporations around the globe.
  • The delayed cessation for key USD LIBOR tenors until June 2023 has given firms additional time to make transition decisions around instruments such as non-centrally cleared USD LIBOR derivatives and tough legacy contracts.
  • Firms still have work to do in the transition away from LIBOR as 50% of respondents noted they are facing challenges related to systems and operational readiness.
  • For LIBOR-indexed term loans, 63% of firms indicated that they would continue the LIBOR transition process throughout 2022 and potentially into early 2023.

KBRA Analytics Releases The Bank Treasury Newsletter, the Bank Treasury Chart Deck, and Bank Talk: The After-Show

Retrieved on: 
Wednesday, February 23, 2022
Banking, Professional Services, Finance, Federal Deposit Insurance Corporation, Income, SOFR, Growth, Efficiency, Investment, Eurodollar, FOMC, Comprehensive Capital Analysis and Review, London Interbank Bid Rate, FDIC, Fed, Adoption, Acquisition, Optimism, Forecasting, Federal Open Market Committee, Bank, LIBOR, Contract, Small business, History, CCAR, Term Asset-Backed Securities Loan Facility, Treasury, Review

KBRA Analytics releases this months edition of The Bank Treasury Newsletter, the Bank Treasury Chart Deck, and Bank Talk: The After-Show.

Key Points: 
  • KBRA Analytics releases this months edition of The Bank Treasury Newsletter, the Bank Treasury Chart Deck, and Bank Talk: The After-Show.
  • Yet, as the piece also reports, optimism by capital market managers, bank and nonbank, is unflagged, with demand up in the loan market based on the Feds latest lending survey.
  • The remaining slides examine how recent shifts in the liability side of the Feds balance sheet tracks with changes in the aggregate balance of bank deposits.
  • Ethan explains how analysts are focused on operating leverage now because they are forecasting accelerated net interest income growth as the Fed raises rates.

CME Group to Launch Mexican F-TIIE Interest Rate Futures

Retrieved on: 
Tuesday, April 20, 2021
Financial markets, Futures exchanges, Futures markets, Futures contract, Interest rate future, Derivative, CME Group, Interest rate swap, Swap, Chicago Mercantile Exchange, Eurodollar

b'CHICAGO andMEXICO CITY, April 20, 2021 /PRNewswire/ -- CME Group, the world\'s leading and most diverse derivatives marketplace, today announced it will introduce interest rate futures based on the Central Bank of Mexico\'s Overnight TIIE funding rate (F-TIIE).

Key Points: 
  • b'CHICAGO andMEXICO CITY, April 20, 2021 /PRNewswire/ -- CME Group, the world\'s leading and most diverse derivatives marketplace, today announced it will introduce interest rate futures based on the Central Bank of Mexico\'s Overnight TIIE funding rate (F-TIIE).
  • Monthly contracts based on the Mexican F-TIIE Rate will become available for trading on May 24, 2021, pending regulatory review.\nThe Mexican peso-denominated contract will be cash settled against the compounded F-TIIE rate over monthly contract periods.
  • "We expect the new Mexican F-TIIE rate futures to complement our existing OTC Mexican interest rate swaps clearing business, our dollar-peso FX futures contracts and CME\'s SOFR futures, reinforcing our leading position as the home of risk-free rate futures.
  • "We welcome this move from the CME Group to help facilitate derivatives trading and enhance liquidity in the Mexican interest rate market.

CME Group to Launch Mexican F-TIIE Interest Rate Futures

Retrieved on: 
Tuesday, April 20, 2021
Financial markets, Futures exchanges, Futures markets, Futures contract, Interest rate future, Derivative, CME Group, Interest rate swap, Swap, Chicago Mercantile Exchange, Eurodollar

b'CHICAGO andMEXICO CITY, April 20, 2021 /PRNewswire/ -- CME Group, the world\'s leading and most diverse derivatives marketplace, today announced it will introduce interest rate futures based on the Central Bank of Mexico\'s Overnight TIIE funding rate (F-TIIE).

Key Points: 
  • b'CHICAGO andMEXICO CITY, April 20, 2021 /PRNewswire/ -- CME Group, the world\'s leading and most diverse derivatives marketplace, today announced it will introduce interest rate futures based on the Central Bank of Mexico\'s Overnight TIIE funding rate (F-TIIE).
  • Monthly contracts based on the Mexican F-TIIE Rate will become available for trading on May 24, 2021, pending regulatory review.\nThe Mexican peso-denominated contract will be cash settled against the compounded F-TIIE rate over monthly contract periods.
  • "We expect the new Mexican F-TIIE rate futures to complement our existing OTC Mexican interest rate swaps clearing business, our dollar-peso FX futures contracts and CME\'s SOFR futures, reinforcing our leading position as the home of risk-free rate futures.
  • "We welcome this move from the CME Group to help facilitate derivatives trading and enhance liquidity in the Mexican interest rate market.

Statement by CME Group Chairman and Chief Executive Officer Terry Duffy on Jack Sandner

Retrieved on: 
Friday, March 12, 2021
Financial markets, Futures exchanges, Finance, Chicago Mercantile Exchange, CME Group, Eurodollar, Futures contract, CME, John F. Sandner, International Monetary Market

CHICAGO, March 12, 2021 /PRNewswire/ -- CME Group Chairman and CEO Terry Duffy today issued the following statement on behalf of the company:

Key Points: 
  • CHICAGO, March 12, 2021 /PRNewswire/ -- CME Group Chairman and CEO Terry Duffy today issued the following statement on behalf of the company:
    "Today is an extremely difficult day for our company and our industry.
  • It is with great sadness that we mourn the loss of Jack Sandner who was among our staunchest leaders, biggest champions and, most importantly, a dear friend to so many.
  • As a long-running chairman of the Chicago Mercantile Exchange (the predecessor to CME Group) in the 1980s and 1990s, Jack oversaw the launch of critical products during his tenure including the S&P 500 and Eurodollar futures contracts.
  • Jack was vibrant and dynamic and an animated storyteller who could entertain by building up to a dramatic ending like no other.

BellRing Brands Announces Repricing of $636 Million Term Loan

Retrieved on: 
Friday, February 26, 2021
Money, Finance, Economy, Interest rates, Banking, Legal entities, Eurodollar, International finance, Mortgage, Limited liability company, Refinancing, Interest rate

ST. LOUIS, Feb. 26, 2021 (GLOBE NEWSWIRE) -- BellRing Brands, Inc. (NYSE:BRBR) (the Company) today announced that its subsidiary, BellRing Brands, LLC (BellRing LLC), completed an opportunistic repricing of its existing $636.2 million term loan through an amendment to its credit agreement.

Key Points: 
  • ST. LOUIS, Feb. 26, 2021 (GLOBE NEWSWIRE) -- BellRing Brands, Inc. (NYSE:BRBR) (the Company) today announced that its subsidiary, BellRing Brands, LLC (BellRing LLC), completed an opportunistic repricing of its existing $636.2 million term loan through an amendment to its credit agreement.
  • The amendment refinances BellRing LLCs term loan to reduce the interest rate on the term loan by 100 basis points (1.00%) to the Eurodollar Rate plus 4.00% or the Base Rate plus 3.00%, and also reduces the floor for the Eurodollar Rate for BellRing LLCs term loan from 1.00% to 0.75%.
  • The repricing is expected to reduce annual cash interest by approximately $8 million.
  • The term loan maturity date of October 21, 2024 and all other material provisions under the credit agreement remain unchanged.

QB Launches First Options on Futures Execution Algorithm, "Striker"

Retrieved on: 
Tuesday, April 21, 2020
Futures markets, Futures contract, Economy, Eurodollar, Option, Finance, Money, Financial markets, Share trading

The new algorithm further pushes the boundaries of what is possible with electronic execution by entering the options on futures markets.

Key Points: 
  • The new algorithm further pushes the boundaries of what is possible with electronic execution by entering the options on futures markets.
  • QB expects to expand coverage across other CME futures instruments during 2020 including options on Eurodollars, equity index, energy and agriculture products.
  • Quantitative Brokers (QB), an independent, global financial technology company, provides advanced algorithms and data-driven analytics to clients in the Futures, US Cash Treasury and Options markets.
  • QB's robust suite of premium algorithms Bolt, Strobe, Legger, Closer, Octane, The Roll and Striker help futures, fixed-income and options traders achieve best execution, while reducing implicit trading costs.

Kirby McInerney LLP and Lovell Stewart Halebian Jacobson LLP Announce Aggregate Settlement Funds Totaling $187,000,000 if You Transacted in Eurodollar Futures Contract and/or Options on Eurodollar Futures on Exchanges, such as the Chicago Mercantile Excha

Retrieved on: 
Tuesday, April 14, 2020
Economy, Money, Finance, Interest rates, United States housing bubble, Eurodollar, International finance, Libor, Futures contract, Interest rate future

The lawsuit involves the alleged manipulation of U.S. Dollar LIBOR ("LIBOR") and its impact on Eurodollar futures contracts and/or options on Eurodollar futures ("Eurodollar Futures") that are linked to LIBOR.

Key Points: 
  • The lawsuit involves the alleged manipulation of U.S. Dollar LIBOR ("LIBOR") and its impact on Eurodollar futures contracts and/or options on Eurodollar futures ("Eurodollar Futures") that are linked to LIBOR.
  • You have the right to remain a member of the Settlement Class or to exclude yourself from the Settlement Class.
  • THIS IS ONLY A SUMMARY OF THE FULL NOTICE AND SETTLEMENT AGREEMENTS, WHICH CONTAIN MOREDETAILED INFORMATION THAT YOU SHOULD READ.
  • Settlement Class Members should continue to review the settlement website for important updates about the Settlements and the litigation.