Featured Blogs
Top Traders Are a Cot Above The Rest
Views: 6455
Comments: 9
The Writing is On The Wall
Views: 3815
Comments: 18
How The CPU Terminated The Corn Broker
Views: 3591
Comments: 10
Why Farmers Have More 'Tweet Cred' Than Forex Traders
Views: 2706
Comments: 1
USDA Chief Says Social Media is Important for Farmers
Views: 2184
Comments: 3
Post Comments
Major Clearing Power Comes to CME Group for Credit Default Swaps
Posted: 09/12/11
By: tomgrisafi
BNP Paribas Corporate and Investment Banking, through its US registered broker dealer, BNP Paribas Securities Corp., today announced that it has joined CME Group to clear Credit Default Swaps (CDS). The bank is also able to clear Futures and over-the-counter (OTC) Interest Rate Swaps.
As a CME clearing member for CDS, BNP Paribas Securities Corp will be better positioned to fulfill regulatory mandates that require credit derivatives between financial institutions be cleared through a clearinghouse. The clearing solution will also enable BNP Paribas' global clients to become compliant with the mandatory client clearing requirements of the Dodd-Frank Act.
"BNP Paribas Securities Corp. supports the current regulatory initiatives and joins CME Group for the clearing of CDS to address our client clearing needs," said Kip Testwuide, co-head of Fixed Income, Americas. CME Group is a leading derivatives marketplace.
Source: MarketWire
3 Comments
Guest
Posted: 01/18/12
bIPvsz , [url=http://ukmkdpigzqdn.com/]ukmkdpigzqdn[/url], [link=http://dxmdinzkhvqd.com/]dxmdinzkhvqd[/link], http://dexneknlhmdc.com/
Guest
Posted: 01/19/12
nMOw9P <a href="http://wsxczhumcvml.com/">wsxczhumcvml</a>
Advertisers
Advertise your company today at IndianaGrain.com! Contact us now for more information.
Guest
Posted: 01/16/12
I appreciate you taking to time to cotnribtue That's very helpful.