Natixis Obtains Eurex’s CCP & EurexOTC Clear Membership

by Jeff Patterson
  • The corporate subsidiary of Banque Populaire et Caisse d'Epargne (BPCE), Natixis, has become the newest member of Eurex Securities’ Lending Central Counterparty (CCP) and EurexOTC Clear.
Natixis Obtains Eurex’s CCP & EurexOTC Clear Membership
natixis

The corporate subsidiary of Banque Populaire et Caisse d'Epargne (BPCE), Natixis, has become the newest member of Eurex Securities’ Lending Central Counterparty (CCP) and EurexOTC Clear.

Natixis found itself facing an unfamiliar situation back in September when the UK's Financial Conduct Authority (FCA) issued a warning on its website against a fraudster using the details of EEA Authorized company, Dupont Denant Contrepartie S.A, a clone of Natixis.

Eurex is part of the Deutsche Börse Group, granting Natixis a number of advantages such as an integrated cross-product clearing service designed for streamlined securities lending, repo and derivatives.

According to Gregoire Froehlich, trader in securities lending and borrowing at Natixis, in a recent statement on the membership, "The CCP model for Natixis will not only help manage the rising burden of balance sheet Regulation and costs, we believe it will also prompt new stock-lending structures and business opportunities with non-standard profile counterparties."

"Going live with EurexOTC Clear is a key milestone in our strategy of offering our clients a large choice of CCPs ahead of the EMIR mandatory clearing roll-out. We are delighted that capital efficiency, cross margining and collateral management mechanisms proposed by EurexClearing are now available to both Natixis and its clients," added Nicolas Chauvet, Head of Derivatives, Treasury and Forex Operations at Natixis.

natixis

The corporate subsidiary of Banque Populaire et Caisse d'Epargne (BPCE), Natixis, has become the newest member of Eurex Securities’ Lending Central Counterparty (CCP) and EurexOTC Clear.

Natixis found itself facing an unfamiliar situation back in September when the UK's Financial Conduct Authority (FCA) issued a warning on its website against a fraudster using the details of EEA Authorized company, Dupont Denant Contrepartie S.A, a clone of Natixis.

Eurex is part of the Deutsche Börse Group, granting Natixis a number of advantages such as an integrated cross-product clearing service designed for streamlined securities lending, repo and derivatives.

According to Gregoire Froehlich, trader in securities lending and borrowing at Natixis, in a recent statement on the membership, "The CCP model for Natixis will not only help manage the rising burden of balance sheet Regulation and costs, we believe it will also prompt new stock-lending structures and business opportunities with non-standard profile counterparties."

"Going live with EurexOTC Clear is a key milestone in our strategy of offering our clients a large choice of CCPs ahead of the EMIR mandatory clearing roll-out. We are delighted that capital efficiency, cross margining and collateral management mechanisms proposed by EurexClearing are now available to both Natixis and its clients," added Nicolas Chauvet, Head of Derivatives, Treasury and Forex Operations at Natixis.

About the Author: Jeff Patterson
Jeff Patterson
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About the Author: Jeff Patterson
Head of Commercial Content
  • 5353 Articles
  • 91 Followers

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