Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Thomas Book, member of the Eurex executive board responsible for clearing

12515

Eurex Clearing welcomes approval of CRV/CRV

RELATED TOPICS​

With the publication of the clearing framework agreement, the main associations of the German Banking Industry Committee (Deutsche Kreditwirtschaft – DK) have created an important legal framework for clearing standardised over the counter derivatives in Germany.

 
This new standard documentation can be used by banks and their customers with immediate effect.
 
The document offers users of a central counterparty a uniform, binding contractual basis in German and under German law, setting out the legal relationship between clearing members and their customers in OTC derivatives clearing.
 
Eurex has welcomed the approval and publication of the CRV.
 
“We would like to express our thanks for the good, close cooperation in producing the German clearing framework agreement, which is tailored to the needs of market participants in Germany,” says Thomas Book (pictured), chief executive of Eurex Clearing. “With this framework agreement, Eurex Clearing can now offer an individual segregation solution complying with EMIR standards in a standard documentation. Eurex Clearing customers thereby benefit from an exclusively German legal framework for clearing their OTC derivatives and minimal paperwork.”

Latest News

Bloomberg and General Index (GX) have announced the expansion of their strategic collaboration which builds..
EFAMA has commented on today’s vote by the European Parliament in favour of a new..
Morgan Stanley Investment Management (MSIM) has announced the launch of the MS INVF Systematic Liquid..

Related Articles

Juan Nozal, Mapfre Asset Management
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024, in what he predicts will be an outstanding year for this asset class...
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024,..
n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US are committed to implementing a variety of measures to address climate change and reach their net-zero goals, according to Cerulli Associates...
n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US..
Lord Hollick, House of Lords
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with genuine independence from government and how they are held to account...
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with..
Rob Edwards, Morningstar
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed bag in 2023...
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by