The Argentina Implicit Parity Index Futures contract is based on the CCL Index, a financial indicator that reflects the exchange parities of the peso in relation to the dollar.
Today Argentina Implicit Parity Index Futures began to be traded, within the framework of the UFEX regional project, the futures and options market of the Matba Rofex Group in Uruguay. As reported by the company, the contract, also known as Cash Future with Settlementis based on the CCL Index (a financial indicator that reflects the exchange rates of the Argentine peso in relation to the US dollar).
The characteristics of the product
Thus, the underlying asset is the CCL Matba Rofex Index, which is designed and calculated daily and can be consulted on the microsite dedicated to the product; The contract size is $AR1,000,000 and the negotiation and settlement currency is the US dollar.
When closing the wheel, 45 contracts were negotiated with expiration December 2023, distributed in 6 operations. The adjustment for this maturity being US$0.001000 per ARS. This product was added to the recent launches of Argentine peso futures with index “A” 3500 settlement, real and guaraní futures, as well as commodity futures licensed by CME (Chicago Mercantile Exchange) and variable income futures (YPFD, PBR and SPY).
“Regional agents can place orders (for themselves and for third parties) through brokers enabled in UFEX: https://ufex.com.uy/operadores/“, they pointed out from Matba Rofex. The product can be operated Monday to Friday from 10 a.m. to 5 p.m.and it is possible to follow the quotes and operations live in the UFEX Price Viewer, which is available on its website: https://precios.ufex.com.uy/futuros.
About the CCL Matba Rofex Index
It is worth mentioning that the calculation of the CCL Matba Rofex index It is calculated based on the negotiation of fixed income and variable income instruments in regulated markets (local and international, for the settlement period of 48 hours), and daily surveys carried out by Settlement and Clearing Agents (ALyCs) with recognized experience in the market. The Index Methodology is based on the IOSCO principles and went designed by Matba.
Source: Ambito
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