Ice to clear single-name bank CDSs from April 10
US participants will be able to start clearing credit default swaps referencing Ice clearing members
Intercontinental Exchange (Ice) intends to launch US clearing of single-name credit default swaps (CDSs) referencing clearing member banks on April 10, Risk.net can confirm.
The Atlanta-based exchange’s Ice Clear Credit service will offer central clearing for CDS contracts written on financial institutions that are direct clearing members of the central counterparty (CCP) after originally postponing an expected roll-out in mid-March.
Fourteen additional single names – six North American and
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