News Centre

Clearstream Opens Hedge Fund Processing Center In Dublin - Move Follows Increased Customer Demand For Investments In Hedge Funds - New Clearstream Base In Ireland Is Already Fully Operational With Six Pilot Customers - Christian Westerholt General Manager Of The Dublin Branch

Date 29/11/2012

Clearstream has established a branch in Dublin to extend its post-trade offering in the area of investment funds to hedge funds. Clearstream Banking S.A., Dublin Branch, will extend the company’s investment funds business to alternative funds and allow Clearstream to service the entire range of funds: mutual funds, exchange-traded funds and hedge funds. The hedge fund investor services were set up following a steep increase in client demand for such investments and will over time be fully integrated into Clearstream’s fund processing environment.

Update In Relation To The Recommended Offer For The Acquisition Of LME Holdings Limited By Hong Kong Exchanges And Clearing Limited - FSA Approval Received

Date 29/11/2012

On 15 June 2012, the board of LME Holdings Limited (“LME Holdings”), the parent company of The London Metal Exchange Limited (“LME Limited”), announced that LME Holdings, HK Investment (UK) Limited (“HKEx Investment”) and Hong Kong Exchanges and Clearing Limited (“HKEx”) had entered into a framework agreement regarding the terms of a recommended cash offer (the “Offer”) for the entire issued and outstanding ordinary share capital of LME Holdings by HKEx Investment, an indirect wholly-owned subsidiary of HKEx (the “Transaction”).

UK’s Financial Services Authority Approves HKEx’s Acquisition Of Control Over The LME

Date 29/11/2012

An update as to the satisfaction of the Regulatory Condition for the recommended acquisition of the entire issued ordinary share capital of LME Holdings Limited, the parent company of The London Metal Exchange Limited, by HKEx Investment by way of a scheme of arrangement and a capital reduction, as announced by HKEx on 15 June 2012.

ASIC Releases First Chi-X Assessment Report

Date 29/11/2012

ASIC today released its first annual assessment report of Chi-X Australia Pty Ltd (Chi-X). The assessment covers 4 May 2011 to 31 March 2012, which reflects the date on which Chi-X was granted a licence to operate an Australian financial market by the Minister and Chi-X’s financial year-end date.

CFTC’s Division Of Clearing and Risk Issues Time-Limited No-Action Relief From Required Clearing For Swaps Entered Into By Certain Cooperatives

Date 29/11/2012

The Commodity Futures Trading Commission’s Division of Clearing and Risk (DCR) today announced the issuance of a time-limited, no-action letter granting relief from required clearing under section 2(h)(1)(A) of the Commodity Exchange Act and the Commission’s newly adopted Part 50 regulations for certain swaps entered into by qualifying cooperatives.

Zhengzhou Commodity Exchange Will Launch Glass Futures

Date 29/11/2012

On December 3, 2012, Zhengzhou Commodity Exchange(ZCE) will launch glass futures. 

CFTC’s Division Of Clearing And Risk Issues Time-Limited No-Action Relief From Required Clearing For Swaps between Affiliated Counterparties

Date 29/11/2012

The Commodity Futures Trading Commission’s Division of Clearing and Risk (DCR) today announced the issuance of a time-limited, no-action letter granting relief from required clearing under section 2(h)(1)(A) of the Commodity Exchange Act and the Commission’s newly adopted Part 50 regulations for certain swaps entered into by qualifying affiliated counterparties.

CFTC Issues Clearing Determination For Certain Credit Default Swaps And Interest Rate Swaps - Commission Requires First Swaps To Be Cleared

Date 28/11/2012

The Commodity Futures Trading Commission today issued new rules to require certain credit default swaps (CDS) and interest rate swaps to be cleared by registered derivatives clearing organizations (DCOs). The rules establish the first clearing determination by the Commission under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). Under the rules, market participants are required to submit a swap that is identified in the rule for clearing by a DCO as soon as technologically practicable and no later than the end of the day of execution. The Commission voted 5 to 0 via seriatim to issue the Clearing Determination, which will become effective upon publication in the Federal Register.

Statement Of Support: Clearing Determination For Certain Credit Default Swaps And Interest Rate Swaps - CFTC Chairman Gary Gensler

Date 28/11/2012

I support the final rule requiring certain interest rate swaps and credit default swap (CDS) indices to be cleared, as provided by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).

CFTC Staff Withdraws Elements Of The “Frequently Asked Questions On Reporting Of Cleared Swaps”

Date 28/11/2012

Staff of the Commodity Futures Trading Commission (Commission) today withdrew parts of its “Frequently Asked Questions on Reporting of Cleared Swaps.”  Specifically, staff withdrew the following questions, and their corresponding answers:

“Which party has the authority to select the particular SDR for purposes of cleared swap reporting?”