Czech — Swap 10
If you are an investor, trader, or economist, you are likely looking for data on the Czech Koruna (CZK) 10-Year Interest Rate Swap.
What is it? An Interest Rate Swap (IRS) is a derivative contract where two parties exchange interest rate cash flows. In the Czech market, the "Czech Swap 10" typically refers to the rate for swapping a fixed interest rate for a floating rate (usually pegged to the PRIBOR—Prague Interbank Offered Rate) over a 10-year duration.
Why is it important?
Recent Trends & Context:
Where to find data: You can find live charts and historical data for "CZK IRS 10Y" on financial terminals like Bloomberg, Reuters, or trading platforms like TradingView.
Subscribe to spot price indices for CZ (OTE, EEX Phelix CZ). Use historical data to model volatility and correlations.
The specific details of the course can vary from year to year, but generally, the Czech Swap 10 features a mix of terrains, including trails, roads, and sometimes even urban landscapes. The course is carefully designed to challenge teams, with elevation changes, technical sections, and sometimes adverse weather conditions adding to the difficulty. czech swap 10
For portfolio managers, the 10-year swap is the most efficient tool for managing duration risk in CZK-denominated portfolios.
Czech public holidays (e.g., Jan 1, May 8, Dec 24-26) exclude those weekdays from settlement. This reduces the number of hours averaged, potentially skewing the floating price if a holiday coincides with a volatile price day.
The Czech Swap 10 (often abbreviated as CZ Swap 10 or CZ Base Swap 10) is a over-the-counter (OTC) or exchange-traded financial swap referencing the wholesale electricity price in the Czech Republic over a delivery period of 10 consecutive hours. If you are an investor, trader, or economist,
While “swap” typically implies exchanging a floating price for a fixed price, the “10” in the name refers to the number of hours in the delivery block. Specifically, the Czech Swap 10 usually covers hours 08:00 to 17:00 Central European Time (CET) — commonly known as the peak-load hours for the Czech power system. Some contracts may define it as hours 09:00–18:00 CET, but the standard is the daytime block when industrial and commercial demand is highest.
Key features:
Given the close coupling of Czech and German power grids (via the 50Hertz and ČEPS interconnectors), traders often trade the CZ-DE Peak 10 spread. Historically, Czech peak prices trade at a slight discount to German peak due to lower demand density, but congestion events reverse the spread. Recent Trends & Context:
