The transition from a reference rate regime centred on interbank offered rates (IBORs) to one based on a new set of overnight risk-free rates (RFRs) is an important paradigm shift for markets.…
Clients regularly ask us why interest rates are so low and why differences in compensation between categories of fixed-income securities are so large. One example is the atypically high yield…
In general, a commodity position limit is the limit placed upon the number of commodity future contracts, swap positions and their equivalents that can be held by one market participant at a…
