Published On: Mon, Feb 2nd, 2015

Natixis joins EurexOTC Clear

Matthias Graulich, Chief Client Officer, Eurex Clearing Executive Board

Matthias Graulich, Chief Client Officer, Eurex Clearing Executive Board

Eurex Clearing, Europe’s leading clearing house and part of Deutsche Börse Group, has announced that Natixis, the corporate, investment management and financial arm of Groupe BPCE, the second-largest bank in France, has become a clearing member of its Securities Lending central counterparty (CCP) as well as of EurexOTC Clear. With Natixis, the number of clearing members of the Lending CCP rises to six while EurexOTC Clear now has more than 40 clearing members.

“The CCP model for Natixis will not only help manage the rising burden of balance sheet regulation and costs, we believe it will also prompt new stock lending structures and business opportunities with non-standard profile counterparties,” said Gregoire Froehlich, Trader-Securities Lending & Borrowing, Natixis.

“Going live with EurexOTC Clear is a key milestone in our strategy of offering our clients a large choice of CCPs ahead of the EMIR mandatory clearing roll-out. We are delighted that capital efficiency, cross margining and collateral management mechanisms proposed by EurexClearing are now available to both Natixis and its clients,” said Nicolas Chauvet, Head of Derivatives, Treasury and Forex Operations at Natixis.

“We welcome Natixis as early user of our Lending CCP and are very pleased that such an important French financial services provider also uses our OTC clearing service. Natixis and its clients will be able to realise significant operational and capital efficiencies through our unique integrated cross product clearing service. This model allows not only for x-margin benefits, but even more important it allows for the highest collateral efficiency across securities lending, repo and derivatives,” added Matthias Graulich, Chief Client Officer and member of the Eurex Clearing Executive Board.

IRP Journal

Opinion Poll