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ABN AMRO Clearing, a global leader in derivatives clearing, announces its centralised OTC Derivatives Clearing Service will expand its offering with centrally cleared over-the-counter-traded Interest-Rate Swaps as of December 1st, 2010. The service will be available globally and extends ABN AMRO Clearing’s broad offering of exchange- and off-exchange-traded products worldwide by providing clients with instant access to OTC products across multi-asset classes. The new service will help significantly reduce counterparty as well as systemic risk in the OTC market by shielding clients from running counterparty default risk on open swap positions while removing any riskweighted capital requirements. This is occurring at a time when regulators and industry bodies globally are looking for ways to...
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