Tue, Sep 30, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Eurex Clearing’ central counterparty service to go live on Nov. 22

Tuesday, November 06, 2012

Eurex Group , a global player in the financial derivatives business, announced today that Eurex Clearing’s innovative central counterparty (CCP) service for the securities lending market will go live on 22 November.

This will be the first service in Europe to preserve the special structure of the securities lending market and combine it with a proven and an industry-accepted CCP model, says Eurex’s announcement.

The new lending CCP should deliver great capital and operational benefits to all participants, and supports Eurex’s customers with the mitigation of their counterparty risk.

Eurex Clearing chose well-known partners and specialists in the securities lending market for introducing this service: Pirum System's Real-Time service for bilaterally agreed OTC transactions, and the trading capabilities of Eurex Repo's SecLend Market, together with the tri-party collateral management services of Clearstream Banking Luxembourg and Euroclear Bank will form part of the new offering.

The service will commence operations with an initial group of banks and asset classes, such as German and Swiss blue chip equities and ETFs, during its pilot phase. This way early adopters can align their existing connections and test their infrastructure to access Eurex’ CCP service.

Eurex Clearing i......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Socially responsible investments grow in demand, but performance questions persist[more]

    Komfie Manalo, Opalesque Asia: A study by financial services firm TIAA-CREF showed that interest in socially responsible investing (SRI) is increasing rapidly, but investors are still asking if investing in an SRI strategy

  2. Regulatory - Ireland launches structure for passporting loan origination funds within EU[more]

    From Asiaasset.com: The Irish Funds Industry Association (IFIA) has introduced new loan origination capabilities that will offer Asian managers and investors a new structure under the European Union’s (EU’s) Alternative Investment Fund Managers Directive (AIFMD). The new structure will allow the mar

  3. Europe - Ed Miliband's war on hedge funds could damage City of London[more]

    From Telegraph.co.uk: Ed Miliband’s plans to wage war on hedge funds could be potentially more damaging to the City of London than even the financial transaction tax (FTT), senior banking sources warned on Tuesday night. The Leader of the Opposition took aim at a number of industries as part of his

  4. News Briefs - SEC probes Pimco ETF over pricing irregularities, BEPs: Action plan released and UK first to adopt country-by-country reporting[more]

    SEC probes Pimco ETF over pricing irregularities The Securities and Exchange Commission is investigating Pimco’s pricing of exchange traded funds, the latest cloud to hang over the world’s largest bond manager, which has been dogged by poor performance and management infighting. Pimco on

  5. Outlook - Julian Robertson: There are two bubbles that can bite us[more]

    From Businessinsider.com: Legendary hedge fund manager Julian Robertson gave a warning about two bubbles that could "bite us" at Bloomberg Market's Most Influential Summit. "I agree with the fact that the economy is definitely getting better. I think the cause of that is two bubbles that will