When the need for a transparent risk management process in the credit default swaps market was identified, we responded by launching ICE Clear Credit – the world’s first CDS clearing house. With the most comprehensive product offering, robust end-of-day pricing methodology and capital efficiencies generated through a sophisticated risk model, this clearing house enables us to serve your best interests while we help mitigate systemic risk in the marketplace. Financial resources held at the clearing house, including margin, clearing member guaranty funds and ICE’s own “skin-in-the-game,” total more than $17 billion.
As part of our strategy to provide clearing services in the regulatory jurisdictions and time zones where you do business, the CFTC and SEC in the U.S regulate ICE Clear Credit. It has been designated a systemically important financial market utility by the Financial Stability Oversight Council.
Ready to Start Clearing with ICE Clear Credit?
ICE Clear Credit clears index and single-name CDS instruments across North American, European and emerging markets and offers portfolio margining opportunities to help increase capital efficiencies.
The Global Leader in Cleared CDS Volume
|ICE CDS Clearing*||ICE Clear Credit**||ICE Clear Europe|
|Index||Corporate Single Names||Sovereign Single Names||Index||Corporate Single Names||Sovereign Single Names||Total***|
|Number of Trades Cleared||836,811||578,701||76,169||434,053||555,519||11,648||2,492,901|
|Gross Notional Cleared||$40.8 trillion||$3.33 trillion||$783 billion||€15.4 trillion||€2.69 trillion||$243 billion||$68.9 trillion|
|Buy-side Notional Cleared||$15.1 trillion||$16.7 billion||$6.51 billion||€6.14 billion||€774 million||$381 million||$15.1 trillion|
|Open Interest||$496 billion||$320 billion||$68.1 billion||€173 billion||€291 billion||$67.7 billion||$1.47 trillion|
* Comprehensive data from launch through August 28, 2015. CDS clearing began at ICE Clear Credit (formerly ICE Trust) in March 2009 and at ICE Clear Europe in July 2009.
** Indices include North American, European (iTraxx) and Emerging Market (CDX) instruments. Corporate single names include both North American and European instruments. All indices and single names are available for both client and dealer-dealer clearing.
*** Because many instruments are listed for clearing at both ICE Clear Credit and ICE Clear Europe, the total instruments cleared is less than the sum of each column.