EurexOTC Clear, the central counterparty (CCP) operated by Deutsche Börse, has signed ABN Amro Clearing as a clearing member for interest-rate swaps (IRS).
The service centralizes clearing and collateralization processes for IRS in a single location, and was launched on November 13, 2012.
"As the largest clearing member of Eurex, we are pleased to further extend our clearing offering in the over-the-counter [OTC] area," Alexander Jacobs, head of the OTC Derivatives Clearing Service at ABN Amro Clearing. "ABN Amro Clearing is determined to remain at the forefront of the growth industry. With the expansion of our Eurex Clearing membership to EurexOTC Clear, we can now offer our clearing clients a truly complete service offering where we can cross correlate between over-the-counter and exchange-traded derivatives."
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