MetLife ’s recently reported $ 250 million SOFR - linked derivatives trade was 10 - 10bps cheaper than a regular derivatives trade , according to broker ##ke , the insurer ’s chief hedging officer . Manske said that technology issues have hindered the use of the RFR in derivatives transactions .
MetLife’s recently executed $250m SOFR-linked repo trade was 5-10bps cheaper than a regular repo trade, according to Jason Manske, the insurer’s chief hedging officer. Manske said that technology issues have hindered the use of the RFR in derivatives transactions.