Societe Generale Corporate & Investment Banking (SG CIB) has become a clearing member of EurexOTC Clear, the new CCP for interest rate swaps. This move is part of the banks preparation for new regulation under the European Markets Infrastructure Regulation (EMIR).
As a leading Euro derivatives fixed income house, we are pleased to join the Eurex IRS Clearing platform. Societe Generale Corporate & Investment Banking is committed to bringing liquidity and support to key IRS OTC Clearing platforms, said Amaury dOrsay, global head of Long Term Rates at SG CIB.
Launched in November, the new EurexOTC Clear service will fully integrate the clearing and collateralization of OTC and listed derivatives in a single clearing house within one single framework. It was launched in November with the support of 10 clearing members.
(JDC)