Kas Bank joins EurexOTC Clear
Eurex Clearing, Europe's leading clearing house, welcomes KAS Bank N.V., based in Amsterdam, Netherlands, as another member of EurexOTC Clear for Interest Rate Swaps (IRS).
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With this new user, the number of clearing members on EurexOTC Clear increases to 16. The Dutch bank aims to execute self-clearing transactions in a first step. The admission of KAS Bank N.V. further increases the attractiveness and distribution of the EurexOTC Clear IRS service to Dutch buy-side firms.
EurexOTC Clear for Interest Rate Swaps was launched on 13 November 2012. Eurex Clearing offers fully integrated clearing and collateralization of OTC transactions and listed derivatives in a single clearing house and under one legal framework. Eurex Clearing's members and their clients benefit from capital efficiency via portfolio margining of listed and OTC transactions alike (cross-margining) as well as a wide range of eligible collateral compared to other CCPs. There are also a variety of segregation solutions, including an Individual Clearing Model that offers maximum protection of client assets and full portability of their positions and collateral.