Eurodollar futures
E17345
Eurodollar futures are interest rate futures contracts based on U.S. dollar deposits held outside the United States, widely used to hedge or speculate on short-term dollar interest rates.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Eurodollar futures canonical | 5 |
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
exchange-traded derivative
ⓘ
financial derivative ⓘ interest rate futures contract ⓘ |
| alsoUsedFor |
arbitrage between cash and futures interest rate markets
ⓘ
speculation on future short-term interest rates ⓘ |
| clearedBy |
CME Group
ⓘ
surface form:
CME Clearing
|
| contractMonths |
December
ⓘ
June ⓘ March ⓘ September ⓘ |
| contractType | standardized exchange-traded contract ⓘ |
| currencyOfTrade |
US dollar
ⓘ
surface form:
USD
|
| denominatedIn |
US dollar
ⓘ
surface form:
United States dollar
|
| distinguishedFrom | over-the-counter interest rate forwards ⓘ |
| hedgingHorizon | short-term interest rate exposures up to several years ahead ⓘ |
| introducedBy | Chicago Mercantile Exchange ⓘ |
| introducedIn | 1981 ⓘ |
| linkedInPracticeTo |
Eurodollar time deposits
ⓘ
interest rate swaps ⓘ money market instruments ⓘ |
| marginSystem | exchange clearinghouse margining ⓘ |
| marginType | performance bond (initial margin) ⓘ |
| marketParticipants |
asset managers
ⓘ
commercial banks ⓘ corporate treasurers ⓘ hedge funds ⓘ investment banks ⓘ proprietary trading firms ⓘ |
| maturity | 3 months ⓘ |
| priceMoveConvention | quoted in price points and ticks ⓘ |
| priceRelationship |
futures price falls when expected interest rates rise
ⓘ
futures price rises when expected interest rates fall ⓘ |
| primaryUse | hedging short-term U.S. dollar interest rate risk ⓘ |
| quotedAs | 100 minus the annualized 3‑month USD LIBOR rate ⓘ |
| regardedAs | benchmark for short-term U.S. dollar interest rate expectations ⓘ |
| regionOfUnderlyingDeposits | banks outside the United States ⓘ |
| riskManagementUse |
hedging bank funding costs
ⓘ
hedging corporate floating-rate borrowing costs ⓘ hedging interest rate swap exposures ⓘ |
| settlementDayBasis | actual/360 day-count convention ⓘ |
| settlementType | cash settled ⓘ |
| tickSize | 0.005 price points ⓘ |
| tickValue | 12.50 U.S. dollars per contract ⓘ |
| tradedOn |
CME Group
ⓘ
surface form:
CME Globex electronic trading platform
Chicago Mercantile Exchange ⓘ |
| typicalContractSize | 1,000,000 U.S. dollars notional ⓘ |
| underlyingAsset | U.S. dollar time deposits held outside the United States ⓘ |
| underlyingReference | 3-month U.S. dollar LIBOR ⓘ |
Referenced by (5)
Full triples — surface form annotated when it differs from this entity's canonical label.