Eurex and The Clearing Corporation (C-Corp) announced the
launch of their much-delayed clearing link last Wednesday at
FIA Expo in Chicago.
After gaining CFTC approval on 22 October, Eurex and C-Corp
officials said the link is live, but did not say how many of
the 63 participating C-Corp clearing firms are currently using
the system. Phase one of the clearing link allows US firms to
clear Eurex and Eurex US products at C-Corp.
Eurex ceo Rudi Ferscha said the link will provide firms with
cheaper clearing costs since many US firms now pay Eurex
clearing firms in Germany to handle clearing for them. Eurex
and C-Corp officials also touted the benefits of portfolio
margining that will be made available for firms holding
correlated contracts such as US Treasury positions on Eurex US
and Eurex interest rate futures. And US firms that clear Eurex
products at C-Corp can now keep their margin funds in
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