Germany: Financial Sector Assessment Program-Detailed Assessment of Observance on the Eurex Clearing AG Observance of the CPSS-IOSCO Principles for Financial Market Infrastructures

International Monetary Fund

No 2016/197, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper provides a detailed assessment of observance on the Eurex Clearing AG observance of the Committee on Payment and Settlement Systems-International Organization of Securities Commissions principles for financial market infrastructures. Eurex Clearing is a global central counterparty clearing house that clears a broad range of both listed and over-the-counter (OTC) products. It offers fully automated and straight-through post trade services to the derivatives markets Eurex Deutschland and Eurex Zürich, the Frankfurt Stock Exchange, the multilateral trading systems of Eurex Bonds GmbH and Eurex Repo GmbH, the Irish Stock Exchange as well as clearing services for OTC interest rate derivatives (Eurex OTC Clear), as well as clearing services for transactions in cash equities, bonds, repos, derivatives, secure funding, securities financing, and transactions.

Keywords: ISCR; CR; risk management; central bank; investment strategy; business strategy; Fund contribution; conditions of Eurex Clearing; BCM Policy; internal audit; default management process; credit risk; initial margin; Members transaction; risk model; Risk framework; recovery plan; Collateral; Central counterparty clearing house; Operational risk; Securities; Credit; Global (search for similar items in EconPapers)
Pages: 211
Date: 2016-06-29
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