Indiana Grain Company, LLC

Posted: 10/21/11

By: tomgrisafi

CME Group announced that it has begun clearing Euro-denominated interest rate swaps (IRS). The company also announced that it set a new daily record for IRS clearing on October 18, 2011, with $8 billion in U. S. customer volume cleared.

The new CME Group Euro-denominated clearing offering expands the company's existing U.S. dollar-denominated interest rate swaps clearing service, providing over-the counter risk management opportunities for interest rate maturities in both currencies extending to 50 years.

"We continue to be very focused on voluntary client clearing and, as a result, are expanding our offering to satisfy specific customer demand," said Laurent Paulhac, CME Group Managing Director, OTC Products and Services. "Adding Euro-denominated swaps further enhances our clearing offering, allowing us to satisfy a user base looking for non-dollar based products, as well as to complement our newly launched Euribor futures, enabling capital efficiencies for market participants as open interest grows."

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