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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

wall-street-green-light
Green light: the service will finally allow US clearing of single-name CDSs on financials

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

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