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Eurex Clearing has cleared the first repo transactions received from BrokerTec, an anonymous dealer-to-dealer platform for the fixed income markets.
The new connection gives BrokerTec clients a greater choice. They can now choose Eurex Clearing as CCP for clearing EUR repos. Customers choosing to clear repo transactions through Eurex Clearing are able to realize capital and margin efficiencies through balance sheet netting and collateral re-use.
In October, Eurex Clearing announced plans to expand its partnership program to cover the repo segment. So far, 24 institutions have registered for the program extension. As in the interest rate derivatives segment, Eurex intends to share a significant portion of the economic success and open up governance.
