Single-name CDS clearing held up by fears over SEC regime

future-predictions

Fears that margin requirements for single-name credit default swaps (CDSs) will leap in December, when temporary rules for buy-side firms expire, is keeping clearing volumes low, according to sources at three US hedge funds. The biggest US CDS clearer, Ice Clear Credit, has so far handled just $60 million in single-name CDSs from the buy side, compared to roughly $2 trillion in client index trades.

The rules were introduced on June 7 by the US Securities and Exchange Commission (SEC), replacing

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

Sign up here

 

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: