News: Eurex Launches Direct Access For Clients to Clearing31 March 2016 | Bill Hodgson
Eurex have launched a new 'direct access' model for clearing, giving clients direct access to their OTC and ETD clearing platforms without needing to go via a Clearing Member. Key points include:
- Direct membership of buy side firms at the Clearing House facilitated by a Clearing Agent
- The Clearing Agent covers the default fund contribution, default management obligation and optionally operations and financing functions
- ISA Direct member maintains legal and beneficial collateral ownership
For more details click over to their website.