EUREX Clearing Aktiengesellschaft

Eurex Clearing Aktiengesellschaft, commonly known as Eurex Clearing, is a German financial-market infrastructure company and central counterparty (CCP). It stands between the buyer and seller in covered transactions, providing clearing services intended to mitigate counterparty risk and support the integrity and orderly functioning of markets. The company describes itself as one of the leading CCPs globally. Its clearing scope spans listed and over-the-counter products, including derivatives, equities, bonds and secured funding, as well as the securities financing market. Eurex Clearing presents its model as a single framework for a broad range of European markets and says it accepts a wide spectrum of eligible collateral. Its services include risk management, transaction management, funding, collateral management and margining. It also offers direct access for buy-side firms, which the company says can support capital efficiency in derivatives and securities financing transactions. The company’s role is post-trade rather than that of a conventional retail bank or an exchange trading venue: it interposes itself as the central counterparty and provides associated risk, collateral and operational services. Eurex Clearing emphasizes clearing technology, risk management and client asset protection. It says it was the first clearing house to provide customers with derivatives risk data in real time, enabling participants to identify and respond to risks promptly. Eurex Clearing is part of the Eurex organization and is listed on its official site among the members of the wider Deutsche Börse group ecosystem. The supplied French Wikipedia evidence describes the company as owned in equal parts by Deutsche Börse AG and SIX Group; the supplied evidence does not establish a founding date or headquarters address. According to Eurex Clearing’s official About Us page, it serves about 200 clearing members in 22 countries and clears trades valued at more than EUR 11 trillion each month. Its services and membership model address institutional market participants rather than individual consumers.

Eurex Clearing’s history in the supplied evidence is chiefly described through its role in European derivatives markets and its development as a broad-scope central counterparty. The evidence identifies it as the clearing house for the Eurex trading venue and describes its work as interposing itself between counterparties to trades. It does not provide the company’s foundation date, original founders or a detailed account of its early corporate history. A dated historical reference in the supplied material is 2008. A French Wikipedia passage states that Eurex Clearing then reported 114 members in 10 European countries and 2.3 billion transactions, and claimed to be Europe’s leading clearing house for derivatives. These figures are presented as historical claims in that source, not as current operating statistics. The company’s current official description emphasizes an expanded clearing role across listed and over-the-counter products. It says it clears derivatives, equities, bonds, secured funding and securities financing under a broad framework, and accepts a wide range of eligible collateral. The company also describes integrated post-trade services, including risk management, collateral management, margining and delivery. A direct access model for buy-side firms is presented as a way to improve capital efficiency in derivatives and securities financing. Eurex Clearing has highlighted technology and risk controls as central elements of its development. Its company profile says it was the world’s first clearing house to provide customers with derivatives risk data in real time, allowing market participants to detect risks and react within seconds. Its public service information lists risk management, risk parameters, transaction management, funding, collateral management and margining. This describes the company’s stated capabilities; the supplied material does not give dates for the introduction of each service. The supplied French Wikipedia evidence describes the company as equally owned by Deutsche Börse AG and SIX Group and identifies Eurex Clearing as the clearing house for the Eurex trading venue. The official About Us material places Eurex Clearing within the Eurex ecosystem and presents it alongside other businesses associated with Deutsche Börse. The supplied sources do not resolve ownership details beyond the French Wikipedia statement, nor do they provide a dated acquisition or ownership-change history. In its current official About Us description, Eurex Clearing says it serves about 200 clearing members in 22 countries and clears trades valued at more than EUR 11 trillion per month. These figures are presented as the company’s own description and are not independently verified by the supplied evidence. Overall, the available record depicts a specialist clearing company whose stated development has centered on the breadth of products cleared, risk-management capability, collateral efficiency and market access for institutional participants.

• 2008

  Reported European derivatives-clearing scale

Institutional post-trade market infrastructure focused on broad-scope clearing, counterparty-risk mitigation, efficient collateral use and risk-management technology.

• Central-counterparty clearing

  Clearing services that place Eurex Clearing between the buyer and seller in covered transactions.

• Listed and OTC product clearing

  Clearing for derivatives, equities, bonds, secured funding and securities financing.

• Risk and collateral services

  Risk management, margining, collateral management and funding services.

• EurexOTC Clear

  An OTC clearing service referenced in Eurex Clearing’s official website materials.

• 2020-01-18

  Trad-X launches dealer-to-customer electronic platform[7]Trad-X推出经销商对客户电子平台forex.cnfol.com

  Trad-X launched a dealer-to-customer electronic central limit order book platform for interest-rate derivatives. The report says the platform had completed live trading between dealers and non-dealers, and that AEGON Asset Management became the first buy-side institution to execute a euro IRS trade on it, with BNP Paribas as counterparty and Eurex Clearing as clearer.

1. 1Eurex Clearing | the Global Central Counterpartyeurex.com
2. 2Company profileeurex.com
3. 3Serviceseurex.com
4. 4About useurex.com
5. 5Eurex Clearingfr.wikipedia.org
6. 6Eurex Clearing AGwikidata.org
7. 7Trad-X推出经销商对客户电子平台forex.cnfol.com
8. 8Trad-X Launches Dealer-to-Client etrade platform - Traders Magazinetradersmagazine.com