Rabobank Registers as a Swap Dealer in the U.S.
April 01, 2019
NEW YORK–(BUSINESS WIRE)–Rabobank, a leading global food and agribusiness bank, announced today that it has provisionally registered as a swap dealer to further bolster its risk management offerings to corporate and financial institutions in the United States.
Registering as a swap dealer allows Rabobank to better service its U.S. clients’ financial risk management needs. Rabobank offers high-quality, competitively-priced risk management products to mitigate interest rate, currency and commodity risks. Swap dealer registration, combined with its deep roots in the food and agribusiness sector, puts Rabobank in a position to share in-depth knowledge and provide clients across the entire food value chain with customized solutions on risk management.
“Given the strategic importance of and our commitment to the U.S. market, registering as a swap dealer was a logical next step to better service our North American food and agribusiness clients. We are thrilled about this expansion of our business,” said David Bassett, Head of Wholesale Banking, North America.
Pillars of Title VII of the Dodd-Frank Act include reducing systemic risk, increasing transparency and promoting market integrity in swap markets. As a swap dealer, Rabobank is subject to a wide array of regulatory requirements and is under the supervision of the Commodity Futures Trading Commission and the National Futures Association. It is one of about 100 provisionally registered swap dealers globally.
“Market transparency is especially important in the swap market and we look forward to providing increased transparency to our U.S. clients,” said Neil Williamson, Head of Corporate Risk Treasury Management for North America. “Now that we are a swap dealer, we want to have even more intimate conversations with our clients about their financial risks. We have a highly competitive and unique client offering because of our solid credit ratings, exceptional and experienced specialists along with unparalleled market research and insight into the food and agricultural sector.”
Based in the Netherlands, Rabobank offers swaps to clients around the world through a number of offices including Hong Kong, London, New York, Sydney and Utrecht.
Rabobank Wholesale Banking North America