CME Eris/Treasury Spread markets continued to tighten in March

March saw tighter bid/ask

spreads for Eris/Tsy ICS

Bid/ask spreads of Eris/Treasury futures Inter-Commodity Spreads (ICS) continued to tighten in March, with 10-year Eris SOFR vs. CME Ultra 10-year Treasury Futures 0.5 bp or tighter 42% of regular trading hours
These ICS allow for trading swap spreads in futures form, with electronic execution in lots sizes of $100K notional
To view market data, request the Eris ICS Bloomberg Launchpad, or visit erisfutures.com/live

Learn Eris SOFR

hedging in 3 minutes

Check out this 3-minute video from CME Group for an overview of how to use Eris SOFR to hedge exposure to interest rates
Video shows a commercial loan example of a real estate developer borrowing money at a floating interest rate to fund a project, then using Eris SOFR to hedge
It’s an excellent introduction for other hedgers (e.g., bank balance sheet, mortgage pipeline, mortgage servicing rights), as it covers the basics of Eris SOFR product design

Hedger Profile: Private Lenders

Eris continues to increase its footprint among private lenders, who use Eris SOFR to ensure loan profitability against rising interest rates
As a proud member of the National Private Lenders Association, Eris recently attended the NPLA conference in Miami in March, and joined multiple Eris SOFR users to discuss the products’ benefits with association members
Eris SOFR was featured in a recent issue of REI INK, a business publication for real estate investors, with an article on how private lenders can face interest rate risk with confidence

Eris Essentials

• Eris SOFR product details

• Live Eris markets

• Contract Lookup: swap dates, coupons, price components

• Treasury Futures Hedge Ratios

• Historical Margins

• Margin savings vs. swaps

• Why is futures margin lower than swaps?

• Eris SOFR for Bank ALM

• Eris SOFR for Private Lenders

• Eris SOFR for MSR hedgers

• Eris SOFR for REIT’s

• Roll & New Contract FAQ (NEW)

• Eris SOFR FCM & Broker List (NEW)

Eris Innovations is an intellectual property licensing company that partners with CME Group to develop futures based on its patented product design, the Eris Methodology. CME Group lists Eris SOFR, Eris Libor and Eris BSBY Swap Futures for trading on the CBOT exchange.

info@erisfutures.com | www.erisfutures.com | 646-961-4489

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Disclaimer: The information contained herein does not constitute a prospectus, nor is it a recommendation to buy, sell or retain any specific financial instrument or security. The information has been provided to you for informational purposes only and is intended as a broad overview of certain aspects Eris swap futures products, and should not be considered as investment advice, legal advice, or tax advice. Although all effort has been made to provide accurate information Eris Innovations assumes no responsibility for any errors or omissions. Trademarks of Eris Innovations and/or its affiliates include Eris, Eris Innovations, Eris PAI, Eris Methodology, Eris Pricing Engine and the Eris Logo. All other trademarks, service marks, trade names, product names and logos are the property of their respective owners. Certain elements of the contract design and pricing construct are covered by U.S. Patent No. 9,747,641. Other patents-pending. All Rights Reserved.