The surge occurred in absence of a single-name CDS clearing mandate
ICE Clear Credit, the Intercontinental
Exchange’s credit default swap clearing service,
has surpassed the $100 billion mark for single name credit
default swaps clearing in 2016 so far.
The exchange's ICE Clear Credit service
has surpassed $100bn in 2016 in gross notional cleared for
single name credit defaults swaps (CDS) for its clients. The
clearinghouse cleared $33.3 billion for the full year of 2015,
an increase of 200%.
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