Eurex Launches Direct Access For Clients to Clearing

A new model for giving clients access to clearing by re-modelling the Client – CCP relationship Eurex have launched a new 'direct access' model for clearing, giving clients direct access to
March 31, 2016 - Editor
Category: Clearing

A new model for giving clients access to clearing by re-modelling the Client – CCP relationship

Eurex have launched a new 'direct access' model for clearing, giving clients direct access to their OTC and ETD clearing platforms without needing to go via a Clearing Member. Key points include:

  • Direct membership of buy side firms at the Clearing House facilitated by a Clearing Agent
  • The Clearing Agent covers the default fund contribution, default management obligation and optionally operations and financing functions
  • ISA Direct member maintains legal and beneficial collateral ownership 

For more details click over to their website.


Popular
Most Viewed

Image