Tuesday March 19 2013
News Source: Global Exchanges
Focus: Credit Rating
Type: General
Country: European Union
Link: http://www.cmeclearingeurope.com/files/cmeclearing-europe-expands-2013-03-18.pdf
CME Clearing Europe, CME Group’s European clearing house, has announced that it has received FSA approval and launched real-time, open access clearing of Interest Rate Swaps (IRS). This is the first step in CME Clearing Europe’s expansion into clearing Over the Counter (OTC) financial derivatives and adds to what CME Group already has accomplished with clearing OTC IRS in the US and CME Clearing Europe’s existing energy and commodity business line.
Click on the above link for more details.