Home   News   Features   Interviews   Magazine Archive   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
≔ Menu
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Clearing and settlement news
  3. Eurex preens for the Dutch buy side
Clearing and settlement news

Eurex preens for the Dutch buy side


09 September 2013 Amsterdam
Reporter: Georgina Lavers

Generic business image for news article
Image: Shutterstock
Eurex Clearing has added another member to its interest rate swaps service, bringing the number of members up to 16.

KAS Bank N.V., based in Amsterdam, is the new member of EurexOTC Clear for Interest Rate Swaps (IRS). 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,” said a statement from the firm.

The service was launched in November 2012, offering integrated clearing and collateralisation 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,” continued the statement.

“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.”
← Previous clearing and settlement article

Commerzbank and Clearstream launch TradeCycle
Next clearing and settlement article →

OCC clears 6 percent more contracts
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
Advertisement
Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Collateral

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →