"We always aim to be at the forefront when new regulation needs to be implemented," said Peter Devlies, Chief Financial Officer and Member of the Board at Bank J Van Breda & C°. "This pro-active adoption of central clearing for IRS contracts is a testimony of our ambition to always have solutions in place well in time, such that we are properly compliant as of when rules become mandatory." ABN AMRO Clearing has won numerous clearing mandates in the Benelux, as financial institutions reshape their operations to comply with new rules on central clearing.

"It is meaningful that a bank with the standing of Bank J.Van Breda & C° has selected ABN AMRO Clearing to help fulfill its regulatory obligations", said Geert Vanderbeke, Executive Director of ABN AMRO Clearing and responsible for the Belgian commercial team. "We are very pleased and look forward to welcoming a dynamic and well established partner like Bank J.Van Breda & C° as our client."

"We remain committed to the delivery of central clearing solutions for IRS in a time when many service providers are pulling out," said Alexander Jacobs, Global Product Manager OTC Derivatives at ABN AMRO Clearing. "This new relationship with Bank J. Van Breda & C° underlines our capacity to service financial institutions in the Benelux with innovative clearing solutions." Bank J.Van Breda & C° is a Belgian based, specialised bank that focuses specifically on the owners of small and middle sized enterprises and the liberal professions, covering both professional and private needs throughout their lifetime. The bank was founded in Lier in 1930 by Jos Van Breda and has maintained its individuality ever since. Its account mangers constantly keep their clients' longterm interests in mind and guarantee personal service for the systematic accumulation and protection of their assets.

Part of ABN AMRO Bank, ABN AMRO Clearing is one of the world's leading providers of prime clearing and financing services for listed derivatives and cash securities, OTC products, warrants, commodities and FX. With 11 offices globally employing more than 800 staff, ABN AMRO Clearing services clients on 170+ exchanges, MTFs, dark pools and FX liquidity centres and consistently ranks as a top 3 clearer in most time zones with a 10% global market share. ABN AMRO Clearing offers an integrated approach to global transaction processing, financial logistics and risk management and processes over 10 million trades per day.