28 March 2015

DB appointed payment bank for the Eurex/Taifex link in Taiwan

30 April 2014  |  950 views  |  0 Source: Deutsche Bank

Deutsche Bank Taiwan today announced its appointment as payment bank by Eurex Exchange for the inaugural Eurex/TAIFEX Link, which will be launched on 15 May 2014.

TAIFEX was established in 1998 and currently offers 19 products, including stock index futures and options, interest rate futures, single stock futures, equity options and gold futures and options.
As part of this mandate, Deutsche Bank will provide end-to-end onshore clearing and settlement services for the TAIEX index futures and options trading of Eurex's trading members. The link for 24-hour trading and clearing of TAIEX Futures and Options will be realised by listing derivatives contracts on Eurex Exchange (daily futures) with underlying positions in the corresponding contract/series of the TAIEX Futures/Options traded on TAIFEX. This Link will create an overnight market for existing participants looking for hedging opportunities, and for new participants from Asia and Europe by giving them access to the TAIFEX Futures and Options market after Taiwanese trading hours.
Bryan Chen, Head of Global Transaction Banking - Taiwan at Deutsche Bank, said: "We are proud to be chosen by Eurex as payment bank for the Eurex/TAIFEX Link. This mandate further demonstrates Deutsche Bank's position as a leading transaction bank in Taiwan. With our comprehensive suite of transaction banking services in this market - including custody and regulatory reporting - we are also well positioned to be the banking partner of choice for Eurex' trading participants."

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related company news

 

Top topics

Most viewed Most shared
Banking has reached a digital tipping poin...
9338 views comments | 52 tweets | 30 linkedin
Europe sets the pace as fintech investment...
4730 views comments | 25 tweets | 19 linkedin
Google preps Gmail bill payment feature
4399 views comments | 13 tweets | 12 linkedin
Barclays and PayPal join Government ID acc...
4186 views comments | 10 tweets | 11 linkedin
Credit Suisse paper offers qualified bitco...
4021 views comments | 5 tweets | 9 linkedin

Featured job

Excellent $ six figure basic plus benefits and OTE
New York

Find your next job