Search Contact

Total Return Futures (TRF)

Gain exposure to the implied equity repo rate on the constituents of the CAC 40 Index, while trading on-exchange and benefitting from strong netting advantages, transparency and central clearing.
English

Keeping on surfing the new wave of derivatives

Get on board with this innovative listed product that replicates the economics of a total return swap.

Total Return Future on the CAC 40® Index

The Total Return Future on the CAC 40® Index is a listed solution that replicates the economics of a total return swap, based on the benchmark CAC 40 index. It was created at client request in response to the increased capital requirements being imposed by Basel III and EMIR.

  • A cost-efficient solution replicating the economics of a Total Return Swap
  • Access the implied equity repo rate on the constituents of the CAC 40 Index in a transparent and secure trading environment.
  • Strong margin offsets with CAC 40 Index Future exposure
  • Quarterly maturities up to 10 years, meeting the needs of long-term investors
  • On-screen price transparency and liquidity provided by BNP Paribas as market maker quoting a spread as an annualised rate in basis points (+/-)