Company Website:
https://www.intercontinentalexchange.com/index
ATLANTA & NEW YORK -- (Business Wire)
Intercontinental Exchange (NYSE:ICE), a leading operator of global
exchanges and clearing houses and provider of data and listings
services, announced record monthly notional value cleared for credit
default swaps (CDS) in September, with over $1.75 trillion in gross
notional and a daily record of over $450 billion cleared on September 20.
Additionally, ICE Clear Credit, ICE’s U.S.-based CDS clearing house, has
launched clearing services for additional single name CDS instruments
referencing emerging market and Asia-Pacific corporate and sovereign
entities. This launch expands ICE’s CDS footprint and offers customers
more diversified risk management services combined with capital and
operational efficiencies.
The following single-name CDS are now available for clearing through ICE
Clear Credit effective Oct. 2, 2017:
Sovereign single names:
-
Kingdom of Saudi Arabia
-
Republic of Kazakhstan
Corporate single names:
-
Bank of China Limited
-
China Development Bank Corp (expected to be available Oct. 16)
-
Hutchison Whampoa Limited
-
ICICI Bank Limited
-
Macquarie Bank Limited
-
Petroleos Brazileiro S/A Petrobras
-
Petroleos Mexicanos
-
Posco
-
The Export-Import Bank of China
-
The Export-Import Bank of Korea
The introduction of these instruments supports the continued growth in
sovereign CDS clearing, with ICE clearing over $390 billion notional
volume through September, compared to $268 billion during the same
period of 2016.
Launched in 2009, ICE Clear Credit and ICE Clear Europe CDS clearing
solutions offer clearing for more than 500 single name and index CDS
instruments based on corporate and sovereign debt and have reduced
counterparty risk exposure by clearing more than $93 trillion in gross
notional, with open interest of approximately $1.6 trillion.
About Intercontinental Exchange
Intercontinental
Exchange (NYSE:ICE) is a Fortune 500 company that operates a leading
network of global futures,
equity and equity options exchanges, as well as global
clearing and data
services across financial and commodity markets. The New
York Stock Exchange is the world leader in capital raising, listings
and equities trading.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual property
rights of Intercontinental Exchange, Inc. and/or its affiliates is
located at www.intercontinentalexchange.com/terms-of-use.
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995 -- Statements in this press release regarding ICE's business
that are not historical facts are "forward-looking statements" that
involve risks and uncertainties. For a discussion of additional risks
and uncertainties, which could cause actual results to differ from those
contained in the forward-looking statements, see ICE's Securities and
Exchange Commission (SEC) filings, including, but not limited to, the
risk factors in ICE's Annual Report on Form 10-K for the year ended
December 31, 2016, as filed with the SEC on February 7, 2017.
SOURCE: Intercontinental Exchange
ICE-CDS
View source version on businesswire.com: http://www.businesswire.com/news/home/20171002005340/en/
Contacts:
Media Contact:
Damon Leavell
Damon.Leavell@theice.com
212-323-8587
or
Investor
Contact:
Warren Gardiner
Warren.Gardiner@theice.com
770-835-0114
Source: Intercontinental Exchange
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