OTC Credit Default Swaps
Credit Default Swaps (CDS) are the most common type of credit derivative and serve a vital function in capital markets by allowing a range of market participants to hedge credit risk. CDS provide investors and lenders an additional level of protection against credit events.
ICE offers a full range of CDS execution, processing and clearing services. Through its Creditex subsidiary, ICE offers voice and electronic CDS brokerage services. Creditex is a leading interdealer broker and innovator in the execution of credit derivatives and offers execution in the interdealer CDS market for single-name CDS, CDS indices, CDS index tranches and bespoke products.
For CDS post-trade processing, ICE Link is the leading and most widely adopted CDS trade workflow and connectivity provider, offering full support for all cleared and OTC transactions for dealer-to-client and interdealer trades.