The Commodity Futures Trading Commission (CFTC)has recognized Eurex Clearing as a Multilateral Clearing Organization (MCO). Eurex Clearing can now also offer its existing OTC facilities to the 75 Eurex members based in the US.
Through this MCO status, they will be able to enter OTC contracts thatshare common terms and conditions of futures and options contracts that arelisted on the Eurex exchange and fall under CFTC jurisdiction. The range of Eurex Clearings OTC facilities comprises for example block trading, exchange for swaps, flex futures and options. Additionally, the CFTC order applies to cleared-only contracts, such as CDS contracts (e.g. offered by Eurex Credit Clear) and OTC contracts on other asset classes.