Total Return Futures

The Total Return Future on the CAC 40® Index has been developed by Euronext in order to meet clients’ need for a listed solution to trade total return swaps. With increased capital requirements being imposed by Basel III and EMIR, the new total return future contract offers strong netting advantages while providing a transparent and secure trading environment to access the implied equity repo rate on the constituents of the CAC 40 Index.

Key Benefits of Total Return Futures on the CAC 40:

  • A cost-efficient solution replicating the economics of a Total Return Swap  
  • Strong margin offsets with CAC 40 Index Future exposure
  • Quarterly maturities up to 5 years, meeting the needs of long-term investors
  • On-screen price transparency and liquidity provided by market makers quoting a spread as an annualised rate in basis points (+/-)
  • Limited counterparty risk with central clearing provided by LCH SA.

Find out more:

Contact the Financial Derivatives business development team

Charlotte Alliot, Co-Head Financial Derivatives, Euronext
Tel: +33 1 70 48 28 43
Mobile: +33 6 83 07 47 04

Yiyang Li, Product Manager Financial Derivatives, Euronext
Tel: +33 1 70 48 28 42
Mobile: +33 6 03 40 57 51