LCH.Clearnet is providing CCP clearing services to MTS Amsterdam, the electronic platform for trading Dutch government The service began on 9 July 2004 and also extends to Dutch benchmark bonds traded on EuroMTS.
“We are delighted to have commenced clearing for MTS Amsterdam,” says David Hardy, CEO of LCH.Clearnet. “LCH.Clearnet already delivers a service in a broad range of European government securities traded on a number of platforms, and this new service to the key trading platform in the Netherlands is an invaluable strengthening of our overall Fixed Income product reach. Not only does it offer ever wider netting opportunities to our members generally, but is also means that, for the first time, Dutch bond market participants will be able to net their cash positions through a single central counterparty. We look forward to working closely with MTS Amsterdam to continue to develop the European Fixed Income marketplace.”
Leo Verwoerd, Chairman of MTS Amsterdam and Agent of the Dutch State Treasury Agency, said he was pleased to extend to our participants the option to clear through a CCP. “MTS Amsterdam is committed to its position as the most efficient marketplace for Dutch bonds and the addition of LCH.Clearnet’s services reinforces that role,” he says.