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 in October.

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.