ABN AMRO Clearing, part of ABN AMRO Bank, has become a clearing member of EurexOTC Clear for Interest Rate Swaps (IRS) in preparation for Europe’s impending OTC clearing regulation.
EurexOTC Clear for IRS integrates the clearing and collateralization of OTC and listed derivatives.
“We are pleased to on-board ABN AMRO Clearing as new clearing member of our OTC clearing service. This proves our appealing approach given the size and relevance of one of Europe’s most significant financial institution with its strong client base. By joining EurexOTC Clear, the bank and its clients are able to realize capital efficiencies while benefitting from enhanced safety and transparency,” says Matthias Graulich, head of business relations and OTC development, Eurex Clearing.
“As the largest clearing member of Eurex, we are pleased to further extend our clearing offering in the OTC area. ABN AMRO Clearing is determined to remain at the forefront of the growth industry. With the expansion of our Eurex Clearing membership to EurexOTC Clear, we can now offer our clearing clients a truly complete service offering where we can cross correlate between OTC and exchange-traded derivatives,” says Alexander Jacobs, head of the OTC Derivatives Clearing Service at ABN AMRO Clearing.
ABN AMRO Clearing Becomes Member of EurexOTC Clear for IRS
ABN AMRO Clearing, part of ABN AMRO Bank, has become a clearing member of EurexOTC Clear for Interest Rate Swaps (IRS) in preparation for Europe's impending OTC clearing regulation.
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