S€tting the benchmark
STIR Futures & Options

STIR Futures and Options

Our short-term interest rate (STIR) product suite offers you flexible hedging opportunities at the short-end of the euro yield curve.

Eurex EURIBOR derivatives refer to the Euro interbank offered rate, the benchmark of the euro money market. The EURIBOR is administered by the European Money Markets Institute and is the rate at which euro interbank term deposits are offered between Eurozone banks. It features a term to maturity of three months.​​​​​

In January 2023 Eurex expanded its interest rate segment by launching the Three-Month Euro STR Futures referencing €STR. This launch marks an important milestone in establishing the €STR as the new benchmark risk-free rate and expands Eurex's EUR-denominated interest rates product offering.

SARON® is the new Risk Free interest rate for the discount of CHF OTC Interest Rate Swaps. It is a collateralized reference rate based on actual market transactions and quotes in the regulated SIX Repo market. Calculated transparently in accordance with the IOSCO Principles for financial benchmarks, SARON® is compliant with international benchmark standards.

Traded Volume of Future Contracts of €STR, EURIBOR and SARON® in Thousands

STIR futures

Product Diff. to prev. day last Last price Contracts Time
FEU3 +0.02% 97.320 2 17:22:32
FST3 +0.00% 97.2350 36,088 19:20:23
FSR3 +0.00% 99.570 0 19:20:23

S€tting the benchmark

Three-Month Euro STR Futures launched on 23 January.

Contacts

Andreas Stillert
FIC ETD Product Design

T +49 69 211-1 72 78

andreas.stillert@eurex.com

Vassily Pascalis
Fixed Income Sales Europe

T +44-20-78 62-72 11

vassily.pascalis@eurex.com