| 摘要 |
<p>A network architecture may include an exchange computing system, clearinghouse computing system, and trading terminals. The exchange computing system, clearinghouse computing system, and trading terminals may facilitate the trading of contracts in interest rate swap (IRS) futures contracts. The IRS futures contracts may involve the delivery of a "par" IRS (i.e., an IRS where the present value of the fixed leg is equal to the present value of the floating leg). The exchange computing system may receive orders from trading terminals for the IRS futures contracts, and par IRSs may be delivered upon the delivery dates specified by the IRS futures contracts.</p> |
