Intercontinental Exchange has said it expects to begin
clearing single name credit default swaps in September. Scott
Hill, ICE’s chief financial officer, said in early
August that it expected to roll out its suite of single name
contracts in September and customer segregated funds offering
The latter scheme is designed to segregate customer funds
and positions and provide enhanced position and margin
portability. The expanded legal framework protects customer
positions and collateral in the event that a clearing member
defaults on its obligations to the clearing house.
This article is available to subscribers and registered users
Please log in to continue reading.
Not yet registered? Take a free trial.
If you have already taken a free trial you
have ongoing access to the analysis section of FOW.com including this story.
Log in using your details below to read.
Already have an account? |