Sunday 27, February 2011 by
CME Group signs term sheet with global dealers for OTC interest rate swaps clearing
CME Group said it has executed a non-binding term sheet with a group of 10 global swap dealers, who will serve as founding members in support of CME Group's clearing service for over-the-counter (OTC) interest rate swaps. The founding members are BofA Merrill Lynch, Barclays Capital, Citi, Credit Suisse, Deutsche Bank Securities Inc., Goldman Sachs, J.P. Morgan, Morgan Stanley, Nomura, and UBS.
