Also known as Accumulators, these products enable a customer to “accumulate” a short swap above the current market or a long swap below the current market, so long as the market stays within a specified range. This range is agreed upon by the broker and customer, and its limitations are typically marked by a predetermined accumulation level on one end and a barrier level on the other end.
Accumulators at IFM are typically done for zero up-front cost and are a hybrid blend of customizable and exotic options listed as one-line item. For certain qualified customers, IFM’s initial and variation margin thresholds can, in some cases, act as financing.
We currently offer 13 Accumulators that vary in risk/reward features such as:
- Euro Double Up
- Weekly Double Up
- Knock In/Barrier