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News: Eurex Launches Direct Access For Clients to Clearing

31 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.