Eurex faces questions on savings from buy-side clearing
CCP rebuffs argument that direct membership model will add to risk
Some banks are raising doubts about Eurex Clearing's new model for direct buy-side clearing, saying they have yet to be convinced the central counterparty's (CCP) plans will yield the capital savings promised.
Eurex, which says there has been no objection from regulators to its ISA Direct model to be rolled out in the second half of 2016, argues the concerns are baseless.
The model allows buy-siders to trade directly with the CCP under the sponsorship of a bank clearing agent – thereby relieving
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