26 Firms Have Cleared BRL IRS
CME’s Brazilian Real CDI swap clearing solution averaged $2 billion in USDE (R$6.73B) in daily volume in July and now has 11 active liquidity providers. With the implementation of uncleared margin rules beginning on September 1, market participants are making the early move to cleared Brazilian Real CDI Swaps to mitigate counterparty risk and increase capital efficiencies.
With new participants joining every week, don’t forget to check with your clearing member to confirm they are setup to clear BRL at CME
Learn more about CME’s market-leading OTC IRS cleared solution
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