International Monetary Market
- International Monetary Market
The International Monetary Market (IMM), largely the creation of Leo Melamed, is part of the Chicago Mercantile Exchange (CME), the largest futures exchange in the United States and the second largest in the world after Eurex, for the trading of futures contracts and options on futures. The IMM was started on May 16, 1972. Two of the more prevalent contracts traded are currency futures and interest rate futures.
IMM Dates are the four dates of each year which most credit default swaps use as their scheduled termination date. The dates are the third Wednesday of March, June, September and December.
From late 2002, the market began to standardise credit default swap contracts so that they would all mature on one of four days each year – 20 March, 20 June, 20 September and 20 December. So, for example, a ‘five-year’ contract traded any time between 21 September 2005 and 20 December 2005 would have a termination date of 20 December 2010. Premiums for credit default swaps are usually paid quarterly on these same dates, which are often called IMM dates by analogy with the International Monetary Market date used in the euromoney market. (However, it should be noted that the true IMM dates are the third Wednesday of March, June, September and December.) [http://www.creditflux.com/resources/names+and+dates.htm]
ee also
* List of futures exchanges
External links
* [http://www.cme.com/ Chicago Mercantile Exchange website]
Notes
Wikimedia Foundation.
2010.
Look at other dictionaries:
International Monetary Market — (IMM) ist ein Geschäftsbereich der Chicagoer Börse Chicago Mercantile Exchange. An der IMM werden Futures gehandelt. Sie ist die größte Future Börse der Vereinigten Staaten und nach der Eurex die zweitgrößte der Welt. Die IMM nahm 1972 ihre… … Deutsch Wikipedia
International Monetary Market — ( IMM) A division of the CME established in 1972 for trading financial futures. Related: Chicago Mercantile Exchange ( CME) * * * ► See IMM. * * * International Monetary Market UK US noun (ABBREVIATION … Financial and business terms
International Monetary Market — Not yet defined. See also CME … International financial encyclopaedia
International Monetary Market — See Chicago Mercantile Exchange … Big dictionary of business and management
International Monetary Market — /ˌɪntən ʃ(ə)nəl m nɪt(ə)ri ˌmɑ:kɪt/ noun a part of the Chicago Mercantile Exchange dealing in financial futures. Abbreviation IMM … Dictionary of banking and finance
International Monetary Market - IMM — A division of the Chicago Mercantile Exchange (CME) that deals with the trading of currency and interest rate futures and options. Trading on the IMM started in May 1972 when the CME and the IMM merged. The IMM division of the CME includes such… … Investment dictionary
International Monetary Fund — Infobox Central bank bank name = bank name in local = International Monetary Fund image 1 = IMF.png image title 1 = IMF member states in green headquarters = Washington, D.C., USA president = Dominique Strauss Kahn leader title = Managing… … Wikipedia
International Monetary Fund — Hauptsitz des IWF in Washington D. C. Der Internationale Währungsfonds (Kürzel IWF bzw. IMF von englisch International Monetary Fund) ist eine Sonderorganisation der Vereinten Nationen. Er ist eine Schwesterorganisation der … Deutsch Wikipedia
Monetary Approach to The Balance of Payments — refers to the key ideas and subsequent research of David Hume conducted in the late 1950s, the 1960s and early 1970s. David Hume presented the price–specie flow mechanism against the Mercantilist approach that stated favorable balance of trade is … Wikipedia
Monetary Authority of Singapore — Logo of MAS Headquarters … Wikipedia
