OFI Asset Management: Cutting the costs of clearing
Early adopters of over-the-counter derivatives clearing tended to be the big beasts of the buy-side universe, but smaller firms – such as France’s OFI Asset Management – are coming on board as well. By Tom Osborn
For many clients, collateral safety and margin efficiency are the two big factors deciding their choice of clearing house, but for Paris-based OFI Asset Management, that left it with no choice at all.
The diversified investment manager, owned by two of France’s largest mutual assurers, Matmut and Macif, is a regular user of Eurex’s flagship Bund, Bobl and Schatz futures and options contracts on German government debt. As such, the German exchange is the only place where OFI could benefit from
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