Jan 29, 2021
Eurex
GFF Summit: When the going gets tough, the tough get going
A blog by Matthias Graulich, Member of the Executive Board of Eurex Clearing
With so much to worry about these days, let’s focus on the good things for a change: for example, the upcoming Global Funding and Financing (GFF) Summit 2021 from Tuesday, 2 February, to Thursday, 4 February 2021. Hope to see many of you there if, unfortunately, only virtually this year.
Most of you will already have signed up, if not take a look at the agenda on our website and remember we will have panels on clearing and margining on the first day and on repo on the second day.
A quick look at our main achievements of the past year. It was a challenging year, but it was also a good year for us. Especially with the high market volatility in March and April, Eurex Clearing has proven resilient and stable. In times of crisis, we have been able to excel with transparent predictable margining and safe risk models and thus proven to be a reliable partner.
With Total Return Futures we have futurized traditional OTC products and at the same time contributed to safer markets with standardization and collateralization.
Eurex’s Partnership Program continued its success story in 2020. In the OTC Clearing segment, notional outstanding volumes grew by 29%, and average daily cleared volumes grew by 16% overall. Longer dated Interest Rate Swaps grew even more strongly with a 33% rise.
We are highly innovative with our tailored access models to bring the benefits of central clearing more directly to the buy side. The most appreciated and traction-gaining model in the industry in 2019 / 2020 is ISA Direct.
And finally, ESG across equity, index and fixed income is a topic close to my heart. We were the first launching ESG-compliant equity index derivatives, and last year we launched a Green repo basket.
Let me finish on a personal note. I guess it is safe to say that the upcoming year will once again.
revolve around COVID-19. Let’s hope that the vaccinations will be effective and that we will soon be able to meet face to face, not only in our private lives but also in our business environment.
The more people maintain social distancing, wear masks and focus on an appropriate hygiene, the faster we will get back into a new normal.
Let’s fight together against COVID-19, stay healthy and I meet you at the GFF Summit.
