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WFE Focus April 2011
Post trade

CME Clearing Europe expands clearing to alternative fuel and vegetable oil contracts

CME Clearing Europe will begin clearing a new alternative fuel product, German Specification T2 Ethanol Swaps, and a new vegetable oil product, US dollar-denominated, Rapeseed Oil Swaps. The company also announced that it will offer margin offsets between US dollar and Euro-denominated Rapeseed (Argus) Calendar swap contracts and the Argus Biodiesel RME FOB Rotterdam swap.

ICE Clear Credit clears first trades

On 16 July 2011, IntercontinentalExchange announced that ICE Clear Credit, formerly known as ICE Trust, cleared its first trades as a CFTC-regulated Derivatives Clearing Organization and SEC-regulated Securities Clearing Agency. ICE Clear Credit completed its transition to a CFTC-regulated Derivatives Clearing Organization and SEC-regulated Securities Clearing Agency as required by the Dodd-Frank Wall Street reform and Consumer Protection Act.

Korea Exchange advances delivery and payment for settlement securities

From 25 July 2011, the Korea Exchange and the Korea Securities Depositary began the settlement in KOSPI market and KOSDAQ market from 9:00 on the settlement date (T+2). As a result of transferring and receiving the settlement securities and payments early, the delay in settlement has greatly been reduced and this in turn has eliminated the settlement uncertainty caused by processing of settlement around the settlement deadline.     

SIX x-clear introduces incentive program

SIX Securities Services’ clearing entity, SIX x-clear, launched a new incentive program to encourage the transfer of new business from interoperable trading venues. This new fee structure is a strong incentive for new and existing clients to consolidate their clearing needs with SIX x-clear across multiple exchanges and MTFs. With this move, SIX Securities Services continues to underpin its commitment to interoperability and to pass on resulting cost reductions directly to its clients.

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