MFX Product Maturities

MFX has no pre-set maturity limit. Because MFX will be offsetting hedges executed with its clients initially through matched book transactions with TCX, it will be able to offer only maturities offered by TCX. TCX can offer long-term (up to 10 years) floating rate contracts based on liquid benchmarks (NDF or local government T-bill rates). For contracts where the local currency arm is a fixed rate, it may offer contract maturities up to 50% longer than the longest observable liquid local benchmark. For example if Developing Country A had a 4 year T-bond that was actively traded, TCX (and therefore MFX) would be able to provide a maximum maturity of 6 years on a fixed rate hedge.

Also See MFX Instruments - Available Currencies - Pricing - Access to MFX Hedging