Bank of America Merrill Lynch (BAML) and Goldman Sachs have joined Eurex OTC Clear as clearing members for interest-rate swaps (IRS).
Eurex's OTC clearing service, which now counts 21 members, integrates the clearing and collateralization of OTC and listed derivatives in a single clearing house.
"We have cooperated closely on the individual segregation model which resulted in our joint ability to offer the first client access to this robust asset protection model," says Stuart Connolly, EMEA head of over-the-counter (OTC) clearing at Goldman Sachs International. "We look forward to continuing to partner with the industry and Eurex on this market evolution."
Jesse Lund talks about real uses for DLT in the capital markets, lessons learned while rolling out IBM's blockchain platform, and what’s ahead for 2018, and into 2019.Subscribe to Weekly Wrap emails