Eurex Clearing announces partnership programme
October 9, 2017

Eurex Clearing reports this morning that it has developed a partnership programme designed to further accelerate the development of a liquid, EU based alternative for the clearing of interest rate swaps. Eurex Clearing says it has designed the programme in close consultation with major participants in the interest rate swap market including dealers, end-clients and execution venues. Eurex Clearing says the performance-based programme aims to build a balanced ecosystem where responsibilities and benefits are fully aligned between all participants in terms of economics and governance.

Eric Müller, Chief Executive Officer of Eurex Clearing, said: "This market-led initiative will benefit clients and the broader market place through greater choice and competition, improved price transparency as well as reduced concentration risk."

Eurex Clearing says that its highly efficient set-up with a state of the art technology and risk management platform is the foundation for making this programme a success for all stakeholders and the market as a whole. The ten most active programme participants will be eligible for a significant share in the economics of the multicurrency interest rate swap offering of Eurex Clearing on a permanent basis.

In addition, these clients will be included in the governance and committee structure of Eurex Clearing AG. Participation is open to all clearing members and Registered Clients of Eurex Clearing. The programme is open for registration as of today (October 9). Clients who register for the programme in the early registration phase until November 20 will benefit from an extra reward.

Bank of America Merrill Lynch, Citigroup, Commerzbank, Deutsche Bank, JP Morgan and Morgan Stanley are among those to have already registered early interest.





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Eurex Clearing reports this morning that it has developed a partnership programme designed to further accelerate the development of a liquid, EU based alternative for the clearing of interest rate swaps. Eurex Clearing says it has designed the programme in close consultation with major participants in the interest rate swap market including dealers, end-clients and execution venues. Eurex Clearing says the performance-based programme aims to build a balanced ecosystem where responsibilities and benefits are fully aligned between all participants in terms of economics and governance.

Eric Müller, Chief Executive Officer of Eurex Clearing, said: "This market-led initiative will benefit clients and the broader market place through greater choice and competition, improved price transparency as well as reduced concentration risk."

Eurex Clearing says that its highly efficient set-up with a state of the art technology and risk management platform is the foundation for making this programme a success for all stakeholders and the market as a whole. The ten most active programme participants will be eligible for a significant share in the economics of the multicurrency interest rate swap offering of Eurex Clearing on a permanent basis.

In addition, these clients will be included in the governance and committee structure of Eurex Clearing AG. Participation is open to all clearing members and Registered Clients of Eurex Clearing. The programme is open for registration as of today (October 9). Clients who register for the programme in the early registration phase until November 20 will benefit from an extra reward.

Bank of America Merrill Lynch, Citigroup, Commerzbank, Deutsche Bank, JP Morgan and Morgan Stanley are among those to have already registered early interest.



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