Trading in a STIR contract generally finishes at the time when the reference rate against which it is settled at expiry - such as LIBOR - is fixed. For contracts settled against a reference rate with [...](such as EURIBOR or CHF LIBOR), this is two working days before the third Wednesday.
Trading in a STIR contract generally finishes at the time when the reference rate against which it is settled at expiry - such as LIBOR - is fixed. For contracts settled against a reference rate with [...](such as EURIBOR or CHF LIBOR), this is two working days before the third Wednesday.
Trading in a STIR contract generally finishes at the time when the reference rate against which it is settled at expiry - such as LIBOR - is fixed. For contracts settled against a reference rate with [...](such as EURIBOR or CHF LIBOR), this is two working days before the third Wednesday.
Answer
spot value
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Open it Trading in a STIR contract generally finishes at the time when the reference rate against which it is settled at expiry - such as LIBOR - is fixed. For contracts settled against a reference rate with spot value (such as EURIBOR or CHF LIBOR), this is two working days before the third Wednesday.