Eurex Clearing launches incentive to support Brexit preparations
September 9, 2019

Eurex Clearing reports that it has introduced a central counterparty switch incentive programme until year-end 2019 to support market participants in migrating over-the-counter interest rate derivatives positions.

Regulators and central banks have recently renewed their call on market participants to prepare for all possible Brexit scenarios and reiterated that the EU's temporary measures for CCPs expire in March 2020.

Eurex Clearing says its initiative provides for a 100 per cent discount on booking fees for portfolio switches in OTC interest rate derivatives to to it until the end of 2019.

Matthias Graulich, Member of the Eurex Clearing Executive Board: "With the Eurex Partnership Programme we have built a liquid OTC clearing alternative in the EU27 together with international market participants. The switch incentive programme is an important step to help clients migrate positions into the EU27.

"Switching existing business and conducting new business at Eurex Clearing now seems to be a no-regret move for many firms. We see very competitive euro swap execution prices, and market participants can also take advantage of secondary benefits like lower funding costs."





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Eurex Clearing reports that it has introduced a central counterparty switch incentive programme until year-end 2019 to support market participants in migrating over-the-counter interest rate derivatives positions.

Regulators and central banks have recently renewed their call on market participants to prepare for all possible Brexit scenarios and reiterated that the EU's temporary measures for CCPs expire in March 2020.

Eurex Clearing says its initiative provides for a 100 per cent discount on booking fees for portfolio switches in OTC interest rate derivatives to to it until the end of 2019.

Matthias Graulich, Member of the Eurex Clearing Executive Board: "With the Eurex Partnership Programme we have built a liquid OTC clearing alternative in the EU27 together with international market participants. The switch incentive programme is an important step to help clients migrate positions into the EU27.

"Switching existing business and conducting new business at Eurex Clearing now seems to be a no-regret move for many firms. We see very competitive euro swap execution prices, and market participants can also take advantage of secondary benefits like lower funding costs."



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