Clearing Mexican Peso Swaps Just Got a Little Easier

IHS Markit’s MarkitSERV has expanded its global network of derivatives clearinghouses by connecting to Asigna, the clearinghouse for Mexican listed and standardised derivatives.

With the new connection, it will provide standardised workflow and connectivity for matching, confirming and clearing Mexican peso TIIE 28 swaps.

“With the connection between MarkitSERV and Asigna, we can offer our clients an efficient and secure channel to transmit confirmed TIIE swap data to our clearinghouse,” says Catalina Clavé Almeida, CEO at Asigna.  “It also helps global banks on the MarkitSERV network do business in our market.”

“Connecting to Asigna expands the global reach of the MarkitSERV network and helps our clients access this important, growing market,” says Brad Levy, CEO of MarkitSERV and head of loans at IHS Markit.  “In providing a single point of access to 18 derivatives clearinghouses and multiple trade repositories, we offer an efficient solution for trade confirmation, trade lifecycle management and compliance.”

Asigna, Compensación y Liquidación began clearing OTC derivatives in 2016 and currently has seven global and regional banks as its clearing members.

Galen Stops

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