Eurex Clearing
Eurex Clearing recently announced the introduction of Eurex Clearing Prisma Release 2.0 in May 2014. Amongst others, Release 2.0 will offer cross margining of Interest Rate Swaps and listed Fixed Income derivatives. This ensures that the reduced risk profile of hedged interest rate portfolios is adequately reflected by lower initial margin requirements.
In order to help Clearing Members and interested clients to analyse cross margining benefits already today, Eurex Clearing is offering for potential cross margining users to run individual calculations based on the Prisma Risk Evaluation Prototype (PREP). For the PREP service, Members may send a mixed portfolio of listed and OTC products to Eurex Clearing via e-mail, with immediate effect. This circular provides further details on the scope and process of the PREP service.
