Oslo Børs Adds EuroCCP
Oslo Børs will add EuroCCP as a third central counterparty, offering clearing services for trades executed on Oslo Børs.
As of 14 May testing of EuroCCP clearing services is available for customers in Oslo Børs CDS environment. Exchange member firms wishing to test EuroCCP’s clearing model for Oslo Børs, needs to liaise with their clearing participant / EuroCCP directly and Oslo Børs’ enablement team in order to configure the clearing set-up in Oslo Børs’ CDS environment.
A list of ISIN codes will be agreed bilaterally between EuroCCP the exchange member for testing purposes, to ensure a smooth and successful test.
The new test opportunity has no technical impacts for participants not initiating testing of EuroCCP’s clearing model.
We will announce more details about the technical launch of EuroCCP in Oslo Børs production environment in due course.
Source: Oslo Børs
The association supports the CFTC’s effort to establish new clearing mandates.
Centrally cleared and settled transactions have been in continuously increasing demand.
LCH SwapAgent registered over 10,000 trades in 2021, a five fold increase.
Overall trading volumes across all products fell 8% from 2020.
Klimpel won Excellence in Human Clearing at Markets Media Group’s 2021 Women in Finance (U.S.) Awards.