SYSTEM, METHOD, AND REPO DERIVATIVE FINANCIAL INSTRUMENT AND MARKET FOR CONDUCTING REPO SWAP/CFD TRANSACTIONS

摘要

A system and method for facilitating a “swap” between the floating and fixed rate markets or any contract derivative based on floating repo rates (i.e. futures), and a financial instrument and a market for trading such instruments, based on such transactions. The basis of this new swap/contract is to establish a fixed rate versus floating rate “swap” in the repo market. The floating rate is generally the daily broker averages, but the floating rate could be a quarterly or monthly rate or semi-annual or annual. Quarterly or monthly “floaters” will be more popular in general collateral SWAP/CFD trades.