On 30 July 2009, in response to the industry commitment on 17 February to introduce central counterparty in over-the-counter (OTC) credit default swaps (CDS) in Europe by the end of July 2009, Eurex Credit Clear successfully started CDS clearing. Eurex Credit Clear offers immediate access to asset managers to its central counterparty clearing platform in CDS.
Novation of OTC CDS to central counterparty at Eurex Credit Clear is delivered through its interlink with the Depository Trust & Clearing Corporation (DTCC) Trade Information Warehouse (TIW), giving asset managers a seamless, straight-through processing integration between the existing OTC market infrastructure and the central counterparty, Eurex Clearing (see figure 1).
To read this article in full, please click on the link below.
Sign up for Risk.net email alerts
UK, 25th - 26th Feb 2014
USA, 27th - 28th Feb 2014
UK, 5th - 6th Mar 2014
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.
Updating your subscription status
Risk iPad and iPhone Apps