Eurex, the Swiss-German derivatives exchange, is to phase in its global clearing link with the Clearing Corporation (CCorp), over a nine-month period.

Initially Eurex had suggested that the link would be ready from the proposed launch date of Eurex US on February 1st, however it will now be phased in over three periods between February and September. The link will enable US and European customers of Eurex to elect their own channel of clearing, and achieve margin and collateral savings which Eurex claims could total $2.5bn (€2.0bn).