Clearing
NYSE Liffe shuts down CDS clearing service
Derivatives exchange NYSE Liffe and London-based clearing house LCH.Clearnet have shelved their central clearing service for credit default swaps (CDS), having processed no trades since it was launched in December last year.
Ice clears €5.9 billion of CDSs in first week
Atlanta-based IntercontinentalExchange’s (Ice) European central clearing facility, Ice Clear Europe, has cleared €5.9 billion of credit default swap (CDS) index trades in its first week of operation.
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Regulatory demands for the derivatives industry to improve operational efficiency have become increasingly stringent in the past year. To meet the targets, dealers say interoperability between technology platforms is vital. But in the competitive vendor…
Isda chief addresses House on OTC derivatives
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In the clear
The trend away from uncleared over-the-counter trading to cleared OTC trading has prompted exchanges to list a greater range of OTC cleared products. But to what extent can the OTC markets ever become completely cleared? Katie Holliday investigates
Big bang: new dawn for CDS market
The 'big bang' protocol, which changes the way credit derivatives are quoted and traded, may have brought a CDS exchange one step closer
Isda benchmarking survey shows trade processing improving
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After the dust settles
Settlement risk
All Clear?
Despite a recent large increase in volumes, clearing for commodities remains a contentious issue, with little agreement on what the best business model should be, and insufficient standardisation, say market participants. Rachel Morison investigates
Banks agree to EU CCP for clearing CDS
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Clearing single-name CDSs may prove uneconomical
High margin requirements may make central clearing of single-name credit default swaps (CDS) impossibly expensive, according to one clearing specialist.