CME Group today announced that CME Clearing has been named the Clearing House of the Year in Risk Magazine's annual Risk Awards. The annual awards recognize excellence in risk management and derivatives markets across 29 categories.
"We are honored to be named Risk's Clearing House of the Year for our OTC clearing services, particularly as the award is largely based on customer feedback," said Kim Taylor, President, CME Clearing. "This award validates our global team's efforts to develop the most efficient OTC clearing solution available. We look forward to continuing to enhance and improve our offering through new products, expanded collateral programs and even further efficiencies to meet customer needs."
The applications were evaluated by a panel of Risk Magazine senior editors and writers. The criteria included risk management, adapting to regulatory change, customer service, liquidity provision and pre- and post-sales service.
Visit CME Group's Media Room to watch a video about the Risk award.
CME Clearing was previously awarded Clearing House of the Year Americas by Futures & Options World and Clearing House of the Year by Derivatives Week in 2012.
CME Clearing provides OTC clearing services for secure, flexible, real-time solutions in Interest Rate Swaps, Credit Default Swaps, FX and Commodities. The offering delivers unparalleled capital efficiencies, with portfolio margining savings up to 90 percent of margin.
