ULTIMATCH: THE MOST EFFECTIVE MATCHING OPTION

A completely new perspective on RESET Matching that will greatly reduce your fixing risk in comparison with conventional switching.

Reset matching in the past has always been based around a switch process. You buy one date and sell another against it. Since the trades are co-dependent you cannot maximise the number of positions eliminated effectively. Many individual matches remain untraded when an equal and opposite offsetting match cannot be found.

ULTIMATCH allows unilateral matching on all possible dates.

There is no longer the necessity to buy and sell the same notional. All possible trades are executed, then the total equalising 3 month futures equivalent position is calculated and offset in the hedge process.

By using ULTIMATCH the effectiveness of the matching process is significantly improved removing more outstanding fixing risk.

How does the ULTIMATCH hedge function differ?

When entering using ULTIMATCH a net long or short delta position will be created. The hedge function will create an offsetting amount to neutralise the position within reasonable parameters. As with the normal hedge process, each contract period will be kept within a reasonable amount.

Does RESET Stub Management still work?

Yes. You can still limit the Stub versus futures risk using Stub Management functionality.

Can I still use other matching restrictions?

No. Since the matches are independent you are never in effect matching over a turn or a meeting date because no switch is taking place.

For more information, email reset@reset.net or call +65 6720 6392.