Mexico recognizes CME Clearing for peso interest rate swaps
On March 30, Mexico’s central bank granted CME Clearing recognition as a foreign central counterparty, paving the way for Mexican market participants to clear interest rate swaps through CME Clearing. The recognition came as Mexico’s first phase of its clearing mandate took effect on April 1. CME began clearing Mexican peso-denominated interest rate swaps in 2014 and currently has 75 market participants using the service on a voluntary basis.
