--- title: CME Clearing Europe Expands its Suite of OTC Interest Rate Swap Offerings description: CME Clearing Europe Expands its Suite of OTC Interest Rate Swap Offerings --- ![websites-group](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/new-MMG-01.svg) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-new-marketsmedia-logo.svg)](https://www.marketsmedia.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-traders-redlogo.svg)](https://www.tradersmagazine.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-bestexe-logo.svg)](https://www.bestexecution.net/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-fidesk-logo.svg)](https://www.fixglobal.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-fixglobal-new-logo.svg)](https://www.fixglobal.com/) - [*Facebook*](https://www.facebook.com/MarketsMedia/) - [*Twitter*](https://twitter.com/marketsmedia) - [*Linkedin*](https://www.linkedin.com/company/markets-media-llc) - [Newsletter](https://articles.marketsmedia.com/cme-clearing-europe-expands-suite-otc-interest-rate-swap-offerings#popup-newsletter) #### Want the latest news on securities markets -- FREE? Sign up to receive exclusive articles on topics including: - Equity market structure - Profiles of buy-side investment firms - The evolution of multi-asset-class trading - Regulation and its implications for markets - The search for liquidity in fixed income markets - The convergence of fintech and capital markets Select one or more newsletters you would like to receive: menu [![Markerts media](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/header%20logo.svg "Markerts media")](https://articles.marketsmedia.com/) - [Press Release](https://articles.marketsmedia.com/tag/press-releases) - Press Release - CME Clearing Europe Expands its Suite of OTC Interest Rate Swap Offerings Search - [Home](https://articles.marketsmedia.com/) - [Trending](https://articles.marketsmedia.com/tag/trending) - [Featured](https://articles.marketsmedia.com/tag/daily-email-feature) - [Sectors](https://articles.marketsmedia.com/tag/sectors) - [From The Markets](https://articles.marketsmedia.com/tag/from-the-markets) - [AWARDS](https://articles.marketsmedia.com/tag/events) - [Newsletter](https://awards.marketsmedia.com/newsletter-sign-up) - [Newsletter](https://articles.marketsmedia.com/cme-clearing-europe-expands-suite-otc-interest-rate-swap-offerings#popup-newsletter) Hide search Search - NewsLetter ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/trading-up-occ-iex-select-board-members-citadel-lands-lieblich-573x379-Jul-07-2022-09-34-11-57-AM.jpg) [ON THE MOVE: Citi Hires Artie Ambrose;...](https://articles.marketsmedia.com/on-the-move-citi-hires-artie-ambrose-natalie-a-brown-to-mesirow) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_445735906_L.jpg) [Trading Adapts to ESG and Sustainable...](https://articles.marketsmedia.com/trading-adapts-to-esg-and-sustainable-investing) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/iStock-917493152-Jul-07-2022-09-34-19-09-AM.jpg) [Focus on FX Execution Connectivity](https://articles.marketsmedia.com/focus-on-fx-execution-connectivity) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_333839538_L.jpg) [TRACE Turns 20](https://articles.marketsmedia.com/trace-turns-20) 02.27.2014 By Terry Flanagan Press Release # CME Clearing Europe Expands its Suite of OTC Interest Rate Swap Offerings 02.27.2014 By Terry Flanagan [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/cme-clearing-europe-expands-suite-otc-interest-rate-swap-offerings) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/cme-clearing-europe-expands-suite-otc-interest-rate-swap-offerings) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/cme-clearing-europe-expands-suite-otc-interest-rate-swap-offerings) **Additional products build on CME Group's global interest rate swaps initiative** LONDON, Feb. 27, 2014 /[PRNewswire](http://www.prnewswire.com/)/ -- [CME Clearing Europe](http://www.cmeclearingeurope.com/), CME Group's European clearing house, today announced that it has received Bank of England approval to add Overnight Index swaps (OIS), zero coupon swaps, Forward Rate Agreements (FRAs), basis swaps, variable notional swaps and SEK, DKK and NOK currencies for clearing beginning 3 March to its [existing interest rate swap offering](http://www.cmegroup.com/europe/clearing-europe/products/otc-financial-derivatives.html).  The expansion of products in Europe adds to the [global offering](http://www.cmegroup.com/trading/interest-rates/cleared-otc/) of CME Group, which has [cleared more than $20 trillion in notional value](http://www.cmegroup.com/trading/interest-rates/cleared-otc/#data) with [more than $11 trillion currently in open notional](http://www.cmegroup.com/trading/interest-rates/cleared-otc/#data) since launching 19 October, 2010. "With mandated clearing of over the counter interest rate swaps in Europe likely to begin later this year, we are leveraging our experience from the U.S. under Dodd Frank to collaborate with buy-side and sell-side customers in Europe to prepare for the new EMIR rules," said Lee Betsill, CEO of CME Clearing Europe. "In addition, we continue to work closely with our customers to tailor our offerings to meet their risk management needs through services like our existing individually segregated account for collateral protection at the client level. This service compliments our new fully segregated account, pending regulatory approval, which will go even further by segregating that collateral with an external custodian at the client level." "We welcome the broadening of CME Clearing Europe's clearable interest rate swaps offering," said Luc Leclercq, Chief Operating Officer, BlueBay Asset Management. "This provides market participants with an increased choice of European venues at which to clear their over the counter positions ahead of regulatory requirements and is a significant step for the European market as the timeline to mandatory clearing under EMIR approaches." "Credit Suisse welcome CME Clearing Europe's recent product extension. Mandatory clearing in the US has given clearing member firms and CCPs the opportunity to prepare for the pending clearing mandate in Europe and we see this as an important step for the European market as we move towards mandatory clearing," said Alex Lenhart, European Head of Prime Services Listed Derivatives, OTC Clearing and FXPB at Credit Suisse. "We welcome the announcement of CME's interest rate product extension. This is a positive development, bringing with it additional venues offering clearing across a broad spectrum of OTC derivatives. It allows buy-side clients an increased level of flexibility which will ultimately be beneficial for them and the market as a whole," said Richard Watts, co-Head of Investments for F&C Management Ltd. Today's announcement builds on CME Clearing Europe's current offering for over the counter interest rate swaps based on seven currencies: GBP, EUR, CAD, AUD, CHF, JPY and USD with maturities of up to 50 years for USD, EUR, GBP and 30 years for all others. Globally, CME Group has more than 30,000 interest rate swap accounts with more than 400 clients using CME Clearing or CME Clearing Europe. **About CME Group and CME Clearing Europe** As the world's leading and most diverse derivatives marketplace, CME Group ([www.cmegroup.com](http://www.cmegroup.com/)) is where the world comes to manage risk.  CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on [interest rates](http://www.cmegroup.com/trading/interest-rates/index.html), [equity indexes](http://www.cmegroup.com/trading/equity-index/index.html), [foreign exchange](http://www.cmegroup.com/trading/fx/), [energy](http://www.cmegroup.com/trading/energy/), [agricultural commodities](http://www.cmegroup.com/trading/agricultural/), [metals](http://www.cmegroup.com/trading/metals/), [weather](http://www.cmegroup.com/trading/weather/) and [real estate](http://www.cmegroup.com/trading/real-estate/).  CME Group brings buyers and sellers together through its [CME Globex](http://www.cmegroup.com/globex/index.html)® electronic trading platform and its trading facilities in New York and Chicago.  CME Group also operates [CME Clearing](http://www.cmegroup.com/clearing/index.html), one of the world's leading central counterparty clearing providers, which offers clearing and settlement services across asset classes for exchange-traded contracts and over-the-counter derivatives transactions. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk. [CME Clearing Europe](http://www.cmeclearingeurope.com/) ([www.cmeclearingeurope.com](http://www.cmeclearingeurope.com/)), a wholly owned subsidiary of [CME Group](http://www.cmegroup.com/), has been established in London with the aim of offering services as a multi-product clearing house focused on non-US customers. CME Clearing Europe provides world class clearing for a broad base of customers and extends CME Group's clearing services, ensuring stability and increasing transparency in the markets cleared, helping to reduce and contain systemic risk. CME Clearing Europe Limited was approved as a [Recognised Clearing House](http://cmegroup.mediaroom.com/index.php?s=43&item=3086&pagetemplate=article) (RCH) by the Financial Services Authority (FSA) of the United Kingdom in December 2010 and is regulated and supervised by the Bank of England. CME Group is a trademark of CME Group Inc. The Globe Logo, CME, Globex and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc.  CBOT and the Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are registered trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc.  KCBOT, KCBT and Kansas City Board of Trade are trademarks of The Board of Trade of Kansas City, Missouri, Inc.  All other trademarks are the property of their respective owners. Further information about CME Group (NASDAQ: CME) and its products can be found at [www.cmegroup.com](http://www.cmegroup.com/). (Logo - [http://photos.prnewswire.com/prnh/20140123/AQ51408LOGO](http://photos.prnewswire.com/prnh/20140123/AQ51408LOGO)) CME-G   SOURCE CME Group [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/cme-clearing-europe-expands-suite-otc-interest-rate-swap-offerings) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/cme-clearing-europe-expands-suite-otc-interest-rate-swap-offerings) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/cme-clearing-europe-expands-suite-otc-interest-rate-swap-offerings) ![email](https://articles.marketsmedia.com/hubfs/Markets%20Media/email.svg) ### NEWSLETTER SIGN UP And receive exclusive articles on securities markets ### Related articles 1. [![](https://articles.marketsmedia.com/hs-fs/hubfs/Imported_Blog_Media/grass-lawn-spring-green-grow-money-540345-pxhere_com_-Jul-07-2022-09-33-40-78-AM.jpg?width=376&height=250&name=grass-lawn-spring-green-grow-money-540345-pxhere_com_-Jul-07-2022-09-33-40-78-AM.jpg)](https://articles.marketsmedia.com/ing-ventures-invests-in-openfin) Technology ## [ING Ventures Invests in OpenFin  ](https://articles.marketsmedia.com/ing-ventures-invests-in-openfin) Proceeds will go toward accelerating the expansion of OpenFin OS within financial services. 07.06.2022 By Terry Flanagan 2. [![](https://articles.marketsmedia.com/hs-fs/hubfs/Imported_Blog_Media/MoneySky-Jul-07-2022-09-33-05-75-AM.jpg?width=376&height=250&name=MoneySky-Jul-07-2022-09-33-05-75-AM.jpg)](https://articles.marketsmedia.com/rising-rates-margin-needs-hit-trade-funding-costs) Press Release ## [Rising Rates, Margin Needs Hit Trade Funding Costs](https://articles.marketsmedia.com/rising-rates-margin-needs-hit-trade-funding-costs) Margin has increased by 30% in just two months, OpenGamma research shows. 07.05.2022 By Terry Flanagan 3. [![](https://articles.marketsmedia.com/hs-fs/hubfs/Imported_Blog_Media/iStock-864489188-4.jpg?width=376&height=250&name=iStock-864489188-4.jpg)](https://articles.marketsmedia.com/operational-resilience-no-longer-enough) resilience ## [Operational Resilience No Longer Enough](https://articles.marketsmedia.com/operational-resilience-no-longer-enough) Firms should ensure a robust operational risk approach in tandem with resilience, ITRS Group says. 07.05.2022 By Terry Flanagan [![MarketsMedia](https://articles.marketsmedia.com/hubfs/MarketsMedia.svg "MarketsMedia")](http://marketsmedia.com) - [About us](https://www.marketsmedia.com/about-us) - [Careers](https://www.marketsmediagroup.com/careers) - [Contact](https://www.marketsmediagroup.com/contact) - [Advertise](https://www.marketsmediagroup.com/advertise) - [Newsletter](https://awards.marketsmedia.com/newsletter-sign-up) - [Corporate Site](https://marketsmediagroup.com) - © 2026 Markets Media Holdings LLC - - Terms & Conditions - Privacy Policy {{ standard\_footer\_includes }}