Product Overview
With Eurex Clearing, OTC market participants have the chance to mitigate counterparty risk and simultaneously benefit from seamless transaction management.
Interest Rate Swaps
Meeting the market needs for the clearing of OTC transactions, in reduced counterparty risk, margin and collateral efficiencies, client asset segregation and legal certainty, EurexOTC Clear's offering is broad and encompasses interest rate derivatives in eleven currencies.
Please be informed that Eurex Clearing supports all master agreement types (i.e. ISDA, DRV, AFB/FBF, EMA, "Österreichischer Rahmenvertrag für Finanztermingeschäfte", etc.) for original OTC Interest Rate Derivative Transactions and original Swap Transactions since 17 February 2017. We validate if the field on the source of specifications (i.e. the field "Contractual Definitions") applicable to the submitted transaction in the trade record submitted by the respective Approved Trade Source (ATS) specifies any of the following as the source of specifications applicable to the original transaction:
If the field containing the source of specifications applicable to the original transaction is left blank, Eurex Clearing will accept original transactions that are submitted as based on any of the following master agreements: an ISDA Master Agreement, the 2017 ISDA/FIA Clearing Derivatives Execution Agreement, the 2006 or 2021 Definitions, the DRV or the AFB/FBF Master Agreement. More details can be found in Eurex Clearing Circular 008/20.
The detailed product level eligibility can be found on the Member Section under Resources > Eurex Clearing > Documentation & Files > EurexOTC Clear > System documentation> Overview, or alternativelyor alternatively in Chapter VIII Part 2 of the Clearing Conditions of Eurex Clearing AG.
Of the above mentioned list of clearing eligible products, and as required by CFTC Rule 39.21(c)(8), Eurex Clearing AG identifies that it clears the following interest rate derivatives listed in the Tables of CFTC Rule 50, which fall under the CFTC’s mandatory clearing requirement:
Of the above mentioned list of clearing eligible products, and as described under Canadian National Instrument 94-101, Eurex Clearing AG identifies that it clears the following interest rate derivatives listed in Appendix A NI 94-101, which fall under the Canadian mandatory clearing requirement:
FIC Derivatives & Repo Sales
