Íø±¬³Ô¹Ï

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Íø±¬³Ô¹Ï
Leading the Way

Global Íø±¬³Ô¹Ï Finance News and Commentary
≔ Menu
Íø±¬³Ô¹Ï
Leading the Way

Global Íø±¬³Ô¹Ï Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Derivatives news
  3. Eurex Clearing to clear Dutch State Treasury Agency interest rate swaps
Derivatives news

Eurex Clearing to clear Dutch State Treasury Agency interest rate swaps


08 May 2018 Frankfurt
Reporter: Brian Bollen

Generic business image for news article
Image: Shutterstock
The Dutch State Treasury Agency has decided to enable central clearing of euro-denominated interest rate swaps via Eurex Clearing in Frankfurt for the State of the Netherlands.

As a debt management office, the Dutch State Treasury Agency is exempt from the obligation to clear swaps through a central counterparty (CCP).

However, it has investigated options to clear its interest rate swaps centrally for risk management reasons and opted for the services of Eurex Clearing.

It is expected to operationally start clearing at the end of the year at the earliest, having signed an agreement on 8 May.

Erik Müller, chief executive of Eurex Clearing, said: “The Dutch State Treasury Agency is a very important new clearing member for us. We continue to expand our services for the over-the-counter markets to best support the needs of the financial industry, policymakers and regulators.â€

In the official announcement of the agreement, Eurex Clearing noted strong demand for clearing services for over-the-counter derivatives.

It added that central clearing of such transactions significantly increases the safety and stability of the financial system. CCPs calculate risks in real-time and demand adequate collateral. Moreover, they guarantee settlement of transactions.

Eurex Clearing said that swap volumes cleared by it continue to grow. Since the beginning of this year, it said, it has recorded a very significant increase of clearing volumes as part of its partnership programme.

The notional outstanding has reached more than €5 trillion as per April this year.

← Previous derivatives article

CME to list USD Eris interest rate swap futures
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Íø±¬³Ô¹Ï Finance Times
Advertisement
Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Collateral

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →