Zurich bank joins EurexOTC Clear
27 November 2013 Berlin
Image: Shutterstock
Z眉rcher Kantonalbank has joined EurexOTC Clear as a clearing member. The number of participants on EurexOTC Clear now stands at 19.
Eurex is a German derivatives exchange that covers major and alternative asset classes. The Swiss bank provides OTC derivates clearing in its prime services offering.
Felix Oegerli, head of short term interest rates and prime finance at Eurex, said: 鈥淓urexOTC Clear offers Z眉rcher Kantonalbank and our clients with an efficient access to interest derivative clearing which means they meet regulatory requirements without major investment. We are pleased to welcome Z眉rcher Kantonalbank as new clearing member.鈥�
Matthias Graulich, head of business relations and OTC development at Eurex, said: 鈥淐onnecting one of Switzerland's largest banks reinforces our presence in this important market.鈥�
Eurex is a German derivatives exchange that covers major and alternative asset classes. The Swiss bank provides OTC derivates clearing in its prime services offering.
Felix Oegerli, head of short term interest rates and prime finance at Eurex, said: 鈥淓urexOTC Clear offers Z眉rcher Kantonalbank and our clients with an efficient access to interest derivative clearing which means they meet regulatory requirements without major investment. We are pleased to welcome Z眉rcher Kantonalbank as new clearing member.鈥�
Matthias Graulich, head of business relations and OTC development at Eurex, said: 鈥淐onnecting one of Switzerland's largest banks reinforces our presence in this important market.鈥�
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