Eurex clears first €STR trades, set sights on discount switch

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By GlobalCapital
18 Nov 2019

Eurex Clearing has cleared its first swaps trades referencing European regulators’ choice of replacement short-term reference rate, €STR.

BNP Paribas, Citi, Deutsche Bank, JP Morgan, LBBW, Morgan Stanley, Nordea and UniCredit were among the first market participants to trade swaps referencing €STR at Eurex.

Achieving the milestone now puts Eurex on the path to introducing more Ibor replacement products and €STR discounting.

“The next step will ...

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