At expiration the holder of a long futures position will become the fixed rate receiver
and floating rate payer in an OTC interest rate swap cleared by CME Clearing.
Forward swaps are used to take a view on forward interest rates, amortizing swaps are used to match the underlying principal to an amortizing loan, while zero-coupon swaps are useful if the floating rate receiver
has a short-term cash flow deficit.
A built-in Wireless Heart Rate receiver
and Contact Heart Rate monitor let the user know just how hard they are training.
Further, the variable data rate assembly provides for system expansion by eliminating the need to exchange one fixed data rate receiver
for another when data rate requirements increase.
Still, I am confident the CBR will deliver and, hence retain conviction in both front end rate receivers
(outright 1y NDF/IRS receivers performed well so far and there is still some juice left, but 1y1y forwards in both XCCY and IRS also look fairly attractive) and bullish stance on local cash bonds.
Apart from rate receivers
, cheaper medium-term funding should also support XCCY basis and local bonds.