ATLANTA & LONDON--(BUSINESS WIRE)--Intercontinental Exchange (NYSE:ICE), the leading global network of exchanges and clearing houses, announced today that De Nederlandsche Bank (Dutch Central Bank, DNB) has approved the Holland Clearing House as a central counterparty in accordance with the European Market Infrastructure Regulation (EMIR).
The National Competent Authority for Holland Clearing House granted authorisation on December 12, 2014.
“The EMIR authorisation of Holland Clearing House confirms that we fully comply with all the required EMIR standards on risk management, operations and technology. It is an important step for Holland Clearing House, and further underpins our growth potential in the European markets,” said Joost Beckers, CEO of Holland Clearing House.
About Holland Clearing House
Holland Clearing House B.V. (HCH) is a derivatives Central Counter Party (CCP). Our offering is focused on providing a reliable service against transparent and predictable pricing using robust risk management systems. HCH is authorised under EMIR by the Dutch central bank (DNB).
HCH is majority owned by Intercontinental Exchange. ABN AMRO Clearing Bank holds a minority stake. HCH is regulated and supervised in the Netherlands by Netherlands Authority for the Financial Markets (AFM) and De Nederlandsche Bank (the Dutch Central Bank; DNB).
About Intercontinental Exchange
Intercontinental Exchange (NYSE: ICE) is the leading network of regulated exchanges and clearing houses for financial and commodity markets. ICE delivers transparent, reliable and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange and ICE Futures.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at www.intercontinentalexchange.com/terms-of-use
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2013, as filed with the SEC on February 14, 2014.
SOURCE: Intercontinental Exchange