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Select Finance - New trading permission for buy side clients as of July 4, 2016

Select Finance - New trading permission for buy side clients as of July 4, 2016

As of 4 July 2016, Eurex Repo offers insurance companies, investment firms, collective investment undertakings and pension funds access to GC Pooling and Repo Market in one single trading permission called Select Finance. At a later date Select Finance will also grant access to the SecLend Market.

In contrast to the anonymous interbank markets, Select Finance offers bilateral trading. However, Eurex Clearing becomes the central counterparty (CCP) as soon as the trades are concluded.

Key characteristics at a glance

  • Electronic and bilateral trading
  • Direct Membership (ISA Direct) at Eurex Clearing facilitated by a Clearing Agent
  • Cash provider and cash taker in EUR, USD, CHF and GBP
  • Collateralization with fixed income and equity baskets
  • Request for quotes sent to preferred banks or to all admitted Eurex Repo interbank participants

Read more in the latest FUNCTIONAL INFORMATION.