23 April 2017
Find out more

BNP Paribas and Morgan Stanley join EurexOTC Clear

13 January 2014  |  1044 views  |  0 Source: Eurex

BNP Paribas and Morgan Stanley, two major global banks, joined EurexOTC Clear for Interest Rate Swaps (IRS), Eurex Clearing's central counterparty service for OTC derivatives, increasing the total number of clearing members to 32.

"Joining EurexOTC Clear is a major element of our approach to offer a full scope of OTC CCP services to our clients all over Europe. Eurex Clearing's CCP offering together with our expertise will enable our clients to have a choice of CCP provider and prepare for OTC clearing prior to the start of the EMIR mandatory clearing date," said Gavin Dixon, Global Co-Head of FI Clearing at BNP Paribas.

"Morgan Stanley is delighted to be live with Eurex's IRS clearing. Eurex Clearing is a major provider of CCP services in Europe and we see a lot of demand from our clients to take advantage of the clearing service in interest rate swaps - with an eye on the future ability to cross-margin their listed and OTC derivatives, specifically in Euro denominated products," said Andy Ross, Head of European OTC Clearing at Morgan Stanley.

"We are happy to welcome BNP Paribas and Morgan Stanley as new OTC clearing members. Overall, we are very pleased about the progress in rolling out the service and the client feedback received. By now, all major global sell-side firms are connected and support EurexOTCClear," added Matthias Graulich, Global Head of Business Relations and OTC Development, Eurex Clearing.

With its service EurexOTC Clear for IRS, launched on 13 November 2012, Eurex Clearing, a subsidiary of Deutsche Börse AG, fully integrates the clearing and collateralization of OTC and listed derivatives in a single clearing house within one single framework. Eurex Clearing will continue to further expand the service in 2014, which is a major element of Eurex Clearing's comprehensive roadmap in preparing for the changing regulatory environment.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit dh.comVisit capgemini.com

Top topics

Most viewed Most shared
BBVA runs live funds transfers over RippleBBVA runs live funds transfers over Ripple
8769 views comments | 27 tweets | 16 linkedin
Western Union and MoneyGram unveil Facebook Messenger bots; Mastercard and Amex pile inWestern Union and MoneyGram unveil Faceboo...
8135 views comments | 16 tweets | 17 linkedin
hands typing furiouslyDoes the Buck Stop with GameStop?
7646 views 0 | 3 tweets | 7 linkedin
Alipay and WeChat near $3 trillion payments milestoneAlipay and WeChat near $3 trillion payment...
7612 views comments | 35 tweets | 35 linkedin
Bank of England accelerator to tackle Big Data and privacy in distributed ledgersBank of England accelerator to tackle Big...
6700 views comments | 19 tweets | 11 linkedin

Featured job

to 120K base, £300K ote, stock options
London, UK

Find your next job