What is the meaning of Pack?

Pack is a Forward (q. V.) Strip (q. V.,#2), each corresponding to a particular year, of four consecutive, quarterly Eurodollar or Euroyen futures contracts. Markets, such as Simex offer a Pack as a convenient package of futures contracts, without the execution risk inherent in building up the Strip, contract by contract. A trader can use Packs and Bundles (q. V.) to implement bets on the change in shape of the Forward Curve.

4
 
|15 years ago|511 views|share |citing 
APABarry Goldsmith. (2010). pack. Retrieved September 21, 2026, from http://smartdefine.org/pack/definitions/1160105
ChicagoBarry Goldsmith. 2010. "pack" http://smartdefine.org/pack/definitions/1160105 (accessed September 21, 2026).
HarvardBarry Goldsmith 2010, pack, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/pack/definitions/1160105>.
MLABarry Goldsmith. "pack" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/pack/definitions/1160105>
{ class="autoclick" }next definition (/)