Demand has increased for access to Eurex Clearing OTC IRD clearing services.
Industry utility eyes a broader base of participants.
'No discernible change' in customers’ use of the service despite Brexit.
The bank will achieve margin efficiencies through portfolio margining of offsetting positions cleared at LCH.
As much as 50% of the market could be cleared.
The posting of initial and variation margin reduces counterparty credit risk.
Post-crisis regulation has pushed markets toward centralised clearing.
The clearing house aims to increase operational efficiency as it experiences growth across asset classes.
Supervisors should focus on continued implementation of agreed principles for the clearing ecosystem.