Is Eurex a clearing house?
Eurex Clearing is a central clearing counterparty (CCP) for derivatives transactions executed on the Eurex platform, as well as for equities, bonds, and repo transactions executed on other platforms. The company is a wholly-owned subsidiary of Eurex Frankfurt AG, which is part of the Deutsche Boerse Group.
How does Eurex Clearing work?
Eurex Clearing provides its services for derivatives, equities, bonds and secured funding, and the securities financing market. We stand between the buyer and the seller, which makes us the central counterparty for all your transactions. We mitigate your counterparty risk and maximize your operational efficiency.
What is a buy in agent?
If the settlement of a transaction fails, the receiving party of the transaction is obligated to appoint a Buy-in Agent to execute a Buy-in. In this process, the Buy-in Agent is a neutral third party and bound to act in the best interest of both the Client and the Failing Counterparty.
What is Eurex T7?
Building on our track record as the first-mover in electronic trading, the T7 trading architecture, developed by Deutsche Börse Group, is set to revolutionize the way traders and investors access market opportunities worldwide. T7 is a powerful state-of-the-art trading platform.
Who owns Eurex Clearing?
Deutsche Börse AG
The Exchange is headquartered in Eschborn, Germany, near Frankfurt am Main, and it is operated by Eurex Frankfurt AG and Eurex Zürich AG, which are public companies wholly owned by the German stock exchange operator Deutsche Börse AG.
Is Eurex a CCP?
Eurex Clearing is the only EU-based CCP combining future-proof clearing services with access to liquidity in Euro ETDs, OTC IRDs and OTC Repo all under one legal, risk and collateral regime.
Where is Eurex based?
The Exchange is headquartered in Eschborn, Germany, near Frankfurt am Main, and it is operated by Eurex Frankfurt AG and Eurex Zürich AG, which are public companies wholly owned by the German stock exchange operator Deutsche Börse AG.
Does ice own Euronext?
2007: Euronext merges with New York Stock Exchange to create NYSE Euronext. 2010: Euronext London created. 2013: Intercontinental Exchange (ICE) buys NYSE Euronext.
What is settlement risk in finance?
Settlement risk is the possibility that one or more parties will fail to deliver on the terms of a contract at the agreed-upon time. Settlement risk is also called delivery risk or Herstatt risk.
What is a buy in Csdr?
The CSDR buy-in provisions, which are currently due to come into force in September 2020, create a mandatory obligation for trading parties to execute buy-ins against counterparties who fail to settle their trades within a required period.
What is T7 platform?
T7 is a powerful state-of-the-art trading platform. Cutting-edge technology delivers ultra-low latency, robustness and safe handling of very high throughput. Features include: Streamlined processing and reporting. Improved functionality, including enhanced calendar spreads and packs & bundles.
