How is IMM Date calculated?
IMM Date means the third Wednesday of March, June, September and December, a traditional settlement date in the International Money Market. The total return is the sum of the changes in market value over time, whether positive or negative, of the underlying DX Contracts plus the return of 3-month U.S. Treasury bills.
What are IMM roll dates?
IMM Date. IMM dates refer to when quarterly Eurodollar, FX, and MAC Swap futures contracts at CME Group expire. These contracts stop trading the Monday preceding the third Wednesday of a March quarterly cycle. This means the third Wednesday of March, June, September, and December.
What does IMM mean in FX?
International Money Market
IMM. in Forex Trading. The “International Money Market”, a division of the Chicago Mercantile Exchange (CME) that deals primarily in currency and interest rate futures.
What is IMM trading?
The International Money Market or IMM is a division of the Chicago Mercantile Exchange (CME) that deals with the trading of currency and interest rate futures and options. Trading on the IMM started in May 1972, when the CME and the IMM merged.
What is an equity index future?
Equity Index Futures are derivatives instruments that give investors exposure to price movements on an underlying Index. An index futures contract gives investors the ability to buy or sell an underlying listed financial instrument at a fixed price on a future date.
What are Mac swaps?
What are MAC Swaps? A brief reminder that a MAC swap is a particular flavour of forward starting interest rate swap, starting on an IMM date (third Wednesday of Mar, Jun, Sep, Dec) and has a Market Agreed Coupon. This coupon, rounded to the nearest 25 basis points, is virtually at par at the time of first issue.
What are CDS rolls?
The term “roll” refers to movement from one single-name CDS contract to another to maintain the position under the contract, similar to how credit indexes work.
What does IMM stand for?
IMM
| Acronym | Definition |
|---|---|
| IMM | Independent Media Marketplace |
| IMM | Integrated Marketing Management |
| IMM | International Monetary Market (Chicago) |
| IMM | Integrated Materiel Management (US DoD) |
How many years international money market is for about?
International Money Market is for about 1 years. The international money market is a market where international currency transactions between numerous central banks of countries are carried on. The transactions are mainly carried out using gold or in US dollar as a base.
What are the types of international money market?
Types of Money Market Instruments:
- Treasury Bills (T-Bills) Treasury bills or T- Bills are issued by the Reserve Bank of India on behalf of the Central Government for raising money.
- Commercial Papers.
- Certificates of Deposits (CD)
- Certificates of Deposits (CD)
- Repurchase Agreements.
- Banker’s Acceptance.
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