Eurex clears first swap transaction for US end clients
February 11, 2019

Eurex Clearing, one of the world's leading central counterparties (CCP), reports that it has cleared its first swap transaction for end-clients domiciled in the US. It says that Citi is the first futures commission merchant (FCM) offering client swap clearing through Eurex Clearing and adds that eight fund companies have already joined Citi to take advantage of this service.

The transaction is the next important milestone in Eurex's strategy to expand its US distribution. As recently as December 2018, the CCP received approval from the Commodity Futures Trading Commission (CFTC) to offer customer swap clearing in addition to the clearing services for futures already provided.

In this context, Eurex Clearing had launched a refined legal framework that complies with the LSOC (Legally Segregated Operationally Commingled) requirements stipulated by the CFTC for the clearing of customer swap transactions.





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Eurex Clearing, one of the world's leading central counterparties (CCP), reports that it has cleared its first swap transaction for end-clients domiciled in the US. It says that Citi is the first futures commission merchant (FCM) offering client swap clearing through Eurex Clearing and adds that eight fund companies have already joined Citi to take advantage of this service.

The transaction is the next important milestone in Eurex's strategy to expand its US distribution. As recently as December 2018, the CCP received approval from the Commodity Futures Trading Commission (CFTC) to offer customer swap clearing in addition to the clearing services for futures already provided.

In this context, Eurex Clearing had launched a refined legal framework that complies with the LSOC (Legally Segregated Operationally Commingled) requirements stipulated by the CFTC for the clearing of customer swap transactions.



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