ABN Amro Clearing Wins Brazilian Exchange Membership

Amsterdam-based ABN Amro Clearing has been admitted as a derivatives clearing member and carrying broker on the Brazilian exchange BM&F/Bovespa.

The Dutch bank cleared its first transaction on the exchange earlier this year.

“The clearing of Brazilian derivatives seamlessly fits into our global clearing offering. It delivers capital efficiencies to our clients and allows them to improve their leverage capacity and optimize their need for collateral,” says Jan Bart de Boer, chief commercial officer, ABN Amro Clearing.

“ABN Amro Clearing will continue to improve its services for its clients’ needs and make them globally more competitive.”