Eurex Expands PLN Swap Clearing to Meet EMIR 3.0 Rules
Eurex Clearing is expanding its Polish Zloty (PLN) interest rate swap clearing market. It directly responds to new EMIR 3.0 regulations and rising demand from global clients.
Why This Development Matters
Eurex is building a stronger EU-based infrastructure for PLN swaps. The platform strengthens European financial stability and gives clients better netting and operational efficiencies, with major banks already active.
Industry Support and First Trades
Twelve leading banks have already executed their first trades. These include BNP Paribas, Deutsche Bank, J.P. Morgan, and UniCredit. Most clearing members are operationally ready. It shows strong early adoption.
Benefits for Clients
Firms get capital and operational efficiencies as they consolidate Euro clearing at Eurex. The liquid PLN swap market addition gives them broader clearing options across currencies and products.
Building Liquidity and Transparency
Eurex is introducing a new market-making framework to accelerate liquidity. Trading platforms and brokers like Tradition are developing basis and pricing screens to improve transparency. Eurex also plans to launch the new reference rate, POLSTR, expected in 2026.
About Eurex
Eurex is a derivatives exchange based in Germany. It offers trading in varied European-based derivatives. The merger of Deutsche Terminbörse (DTB) and the Swiss Options and Financial Futures Exchange (SOFFEX) established it in 1998. Deutsche Börse AG acquired full ownership of Eurex in 2012.
Summing Up
Eurex aligns with EMIR 3.0 requirements by developing a strong EU-based PLN swap clearing market. Clients benefit from improved efficiency, stronger infrastructure, and expanding clearing capabilities.
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