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ABN AMRO Clearing has been admitted as a carrying broker and clearing member of the derivatives segment on the Brazilian exchange BM&F/Bovespa and has cleared the first transaction, early 2015.
ABN AMRO Clearing has been providing access to the Brazilian market through a local partner for its clients since 2013. The approval of the clearing membership for derivatives is an important step in establishing ABN AMRO Clearing as a local intermediary. Acting as a direct participant in the market infrastructure creates processing efficiencies and permits the bank to offer competitive pricing to its clients.
Jan Bart de Boer, Chief Commercial Officer at ABN AMRO Clearing said: ‘The clearing of Brazil derivatives seamlessly fits into our global clearing offering. It delivers capital efficiencies to our clients and allows them to improve their leverage capacity and optimise their need for collateral. ABN AMRO Clearing will continue to improve its services for its clients’ needs and make them globally more competitive’.
Guided by client demand ABN AMRO Clearing keeps on investing to extend its offering in both Exchange traded and OTC products and covering additional execution venues relevant to grow its clients’ business.
