CME Group Announces the Launch of S&P GSCI Crude Oil and Gold Excess Return Index Swaps and Excess Return Forwards
15 Oktober 2009 - 4:00PM
PR Newswire (US)
CHICAGO, Oct. 15 /PRNewswire-FirstCall/ -- CME Group, the world's
largest and most diverse derivatives marketplace, today announced
the launch of cleared over-the-counter (OTC) swaps on the S&P
GSCI® Crude Oil Excess Return and the S&P GSCI Gold Excess
Return Indices, as well as Forward contracts for the S&P GSCI
Excess Return Index, all scheduled to begin trading November 2.
Clearing will be available through CME ClearPort®, a set of
flexible clearing services open to (OTC) market participants to
substantially mitigate counterparty risk and provide neutral
settlement prices across asset classes. These contracts are listed
by CME for clearing only through CME ClearPort, and are subject to
CME rules and regulations. The S&P GSCI indexes, published and
maintained by S&P Indices, are publicly available commodity
benchmarks representing the major commodity sectors, including
energy, metals, and agriculture. The crude oil, gold and commodity
excess return indexes reflect the returns generated by "rolling"
the underlying futures contracts in addition to the value of the
commodities represented by the index. The new swaps and forward
offerings give market participants another venue for managing price
risk related to crude oil, gold and the broadly diversified S&P
GSCI. As the world's largest and most diverse derivatives
marketplace, CME Group (http://www.cmegroup.com/) is where the
world comes to manage risk. CME Group exchanges offer the widest
range of global benchmark products across all major asset classes,
including futures and options based on interest rates, equity
indexes, foreign exchange, energy, agricultural commodities,
metals, weather and real estate. CME Group brings buyers and
sellers together through its CME Globex® electronic trading
platform and its trading facilities in New York and Chicago. CME
Group also operates CME Clearing, one of the largest central
counterparty clearing services in the world, which provides
clearing and settlement services for exchange-traded contracts, as
well as for over-the-counter derivatives transactions through CME
ClearPort®. These products and services ensure that businesses
everywhere can substantially mitigate counterparty credit risk in
both listed and over-the-counter derivatives markets. "S&P
GSCI(TM)," "S&P GSCI(TM) Index," "S&P GSCI(TM)"
[Total/Excess/Spot] Return Index" and the "S&P GS(TM) Commodity
Index" are trademarks of Standard & Poor's, which does not
sponsor, sell, promote or endorse any index-linked financial
products based on the indices. Such indices are not owned,
endorsed, approved or associated with Goldman Sachs & Co. or
its affiliates. The Globe logo, CME, Chicago Mercantile Exchange,
CME Group, Globex, E-mini and CME ClearPort are trademarks of
Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade
are trademarks of the Board of Trade of the City of Chicago. NYMEX
and New York Mercantile Exchange are trademarks of New York
Mercantile Exchange, Inc. COMEX is a trademark of Commodity
Exchange, Inc. All other trademarks are the property of their
respective owners. Further information about CME Group and its
products can be found at http://www.cmegroup.com/. CME-G
DATASOURCE: CME Group CONTACT: Media, Mary Haffenberg,
+1-312-930-3435, or Allan Schoenberg, +1-312-930-8189, both at , or
Investors, John Peschier, +1-312-930-8491, all of CME Group Web
Site: http://www.cme.com/
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