Business and Personal Finance Dictionary

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• PACK
  
  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.
  
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