German exchange Eurex says it will introduce netting of positions for derivatives transactions on Monday 23 September, in an initiative aimed at cutting collateral costs for participants.
The netting provision will cover products on DAX, SMI Euro DJ STOXX 50 and DJ STOXX 50 for the calculation of margin requirements.
Eurex says the bundling of margin collateral will result in a distinct reduction of margin requirements, and thus in the costs for provision of collateral, by as much as 50 percent.