At expiration, the contracts physically deliver into an OTC interest rate swap cleared by CME Clearing, with the long position holder becoming fixed rate receiver
and the short position holder becoming fixed rate payer.
It features a wireless heart rate receiver
for accurate performance feedback, a battery-operated console and compact folding storage so users can enjoy it anywhere in their home.
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.
The PR3500 is a low cost, low power transmitter and the PR3600 a low cost, high data rate receiver
A built-in Wireless Heart Rate receiver
and Contact Heart Rate monitor let the user know just how hard they are training.
Together with the WavePhore's proprietary statistical multiplexing and variable bit rate receiver
system, Telenor is now very well positioned to support data broadcast applications for Sweden's financial industry.
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.
In the meantime local news flow over the last week was fairly supportive for our rate receivers
and generally positive stance on local bonds.
The Wideband modems are RT Logic's Telemetrix 720HDR (T720HDR) High Data Rate Receivers