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

Euro Puzzle Fotolia 230x150
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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.