Global Investment Technology -- Eurex Central Counterparty Clears First Single-Name Credit Default Swap


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	EUREX CENTRAL COUNTERPARTY CLEARS FIRST SINGLE-NAME CREDIT DEFAULT SWAP Posted August 28, 2009 FRANKFURT – Eurex Clearing announced that Eurex Credit Clear is the first central counterparty (CCP) in the world to successfully clear a single-name credit default swap (CDS). The cleared transaction had a notional value of €5 million, the single name CDS is based on RWE. Eurex Credit Clear began operating July 27, before the July 31 deadline for major market participants to use a European CCP for clearing of European index and single name CDS. Eurex Clearing operates the only CCP worldwide for both index and single name CDS. Eurex Credit Clear has also been offering access for both sell-side and buy-side market participants in Europe from day one.

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