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CME Adds BNP Paribas As Clearing Member

CME Group has added BNP Paribas Securities as a clearing member to clear credit default swaps.

CME Group has added BNP Paribas Securities as a clearing member to clear credit default swaps (CDS). It will also be able to clear futures and over-the-counter (OTC) interest rate swaps.

BNP Paribas will also be able to fulfill regulatory mandates that require credit derivatives between financial institutions to be cleared via a clearinghouse. The clearing solution will also help the bank’s global clients to comply with the mandatory client clearing requirements of the Dodd-Frank Act.

Click here for the release from Market Wire.

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