Eurex and BOTCC in global clearing accord
27 May 2003, John Ferry, Risk magazine
Eurex and the BOTCC said that the initiative, which they described as “a long-term clearing partnership to create a global clearing solution”, will mean that customers benefit from lower margin requirements, cross margining and reduced collateral requirements through the use of collateral pools for a wider range of products.
The exchange and clearinghouse said their customers will have access to additional product ranges at no additional infrastructure cost on a global basis. They said that the new US exchange, together with the clearing link and Eurex's a/c/e trading platform, will allow for 24-hour electronic trading in global benchmark products, with clearing options in both time zones.