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December 5, 2014

Exchange For Swaps (EFS) Facility

Eurex Trade Entry Services' Exchange For Swaps (EFS) Facility allows for the seamless off exchange execution of the Eurex Bond Futures leg of an IRS versus Bond Futures Euro Asset Swap trade.Here is an exampe of the Eurex Trade Entry Services' EFS Facility GUI:

An analysis was carried out of a ten year Euro asset swap trade i.e. Eurex Bund Futures versus Ten Year Payer Euro IRS, comparing the cost of clearing in terms of initial margin requirements and default fund contributions to clearing the products on two separate CCPs to clearing both products on Eurex Clearing and the analysis showed a 69% reduction in cost of clearing both products on Eurex Clearing:

Link to the Eurex Trade Entry Services' Exchange For Swaps Facility: http://www.eurexchange.com/exchange-en/products/eurex-trade-entry-services/exchange-for-swaps.

 


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