Deutsche Bank returns to US swaps client clearing
Re-entry comes after Basel III endgame proposals sparked capacity concerns among global clients
Deutsche Bank has resumed clearing US swaps for clients after exiting the business almost a decade ago.
Data from the Commodity Futures Trading Commission show Deutsche Bank Securities, the bank’s US-registered futures commission merchant (FCM), held $402 million of required client funds in cleared swap accounts at the end November, up from zero at the start of 2025.
Deutsche executives tell Risk
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