Eurex to launch cross-currency swap clearing ‘within weeks’
Clearing service will target dealer-to-dealer trades before later rolling out to clients
Eurex’s delayed cross-currency swap-clearing service will “go live within the next few weeks”, said Markus Georgi, Asia head of fixed-income products at the firm.
The service is expected to offer clearing for EUR/USD and GBP/USD currency pairs. It was initially slated for a late 2018 release.
Non-cleared margin rules, which compel the exchange of initial margin in certain bilateral derivatives trades, could have an impact on the demand for foreign exchange clearing in Asia and other
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