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Packs

• Are variations of strip trades whereby a trader or risk manager can place a series of calendar month contracts in one transaction. Packs can be bought or sold. There are four contracts in a pack. Eurodollar packs are quoted in minimum half-tick increments.

 
 Embedded terms in definition
 Calendar
Eurodollar
Risk
Series
Strip
 
 Referenced Terms
 Bundles: Are variations of strip trades whereby a trader or risk manager can place a series of calendar month contracts in one transaction. Packs can be bought or sold. They are quoted in quarter basis points from the previous settlement price. These transactions expedite credit market positions and swap hedges and adjustments. One can also trade bundles on a forward basis comparable to other money and credit market instruments.

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