Eurex Repo Clearing Welcomes APG Asset Management

As of mid-June 2022, APG Asset Management N.V. (APG), one of the world's largest pension fund investment managers, will start accessing Eurex's centrally cleared repo markets. Eurex offers institutional investors like pension funds direct access to cleared repo markets and derivatives clearing through its ISA Direct clearing services. Including APG, Eurex's pension fund clients have more than EUR 1 trillion assets under management. They have direct access to Eurex repo markets to address market liquidity concerns as well as regulatory-driven challenges. 

With this direct clearing connection, Eurex offers pension funds, as well as other asset managers such as insurance companies, possibilities to efficiently manage cash and securities collateral. Through Eurex's deep liquid and centrally cleared repo markets, APG's clients can now trade repos with over 150 participants registered with Eurex Repo. They can invest or raise cash utilizing more than 13,000 ISINs. APG is thus significantly expanding its spectrum of available liquidity providers while minimizing counterparty risk and reducing costs. Eurex offers repo clearing in four currencies: EUR, USD, GBP, and CHF. 

Jan-Mark van Mill, Head of Treasury and Trading, APG: "The direct link to Eurex's cleared repo markets is an important enhancement of our collateral and cash management capabilities. Thanks to Eurex's ISA Direct clearing service, our clients are better prepared for the potentially upcoming derivatives clearing obligation for pension funds."