Eurex to Clear Off-Exchange Interest Rate Derivatives

Deutsche Boerse AG’s Eurex Clearing unit plans to offer processing of over-the-counter interest rate and equity derivatives, as it seeks to capitalize on regulators’ push to move more complex financial products through clearinghouses.

The company’s Eurex OTC Clear service will be expanded “to include OTC-traded interest rate and equity derivatives,” the company said in an e-mailed statement today. At present the clearing service guarantees so-called look-like futures and options traded both on the Eurex derivatives exchange and over-the-counter. The company also owns Eurex Credit Clear, a clearing service for over-the-counter credit default swaps. Eurex Clearing processed 774 million contracts in OTC-traded products in 2010, the exchange said.