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