Eurex Clearing is planning to launch its own central counterparty (CCP) in November, Financial News reports. A CCP will help lower risk exposure, remove the need for multiple credit evaluations and slash the capital allocation required by users switching from negotiated bilateral contracts, according to the clearinghouse. NYSE Euronext rolled out SecFinex, a pan-European securities lending platform in June 2009, providing CCP services for stock lending and borrowing. BNP Paribas Securities Services has since rolled out a CCP service via SecFinex.
Click here for the story from Financial News.