ICE Fortifies CDS Suite with Launch of Additional Sovereign Instruments

The Intercontinental Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (NYSE: ICE) has expanded the array of its ICE Clear Credit and ICE Clear Europe’s credit default swap (CDS) Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term suite, fortifying its offering across several new European country options.

ICE is a comprehensive network of exchanges and clearing houses, having recently implemented enhanced rules governing disruptive practices last week. In light of a lingering European debt crisis, ICE has opted to enhance its CDS capabilities following its inaugural launch of CDS in 2011.

The new additions of sovereign single names on ICE Clear Credit’s offering include many former and current European laggards, Portugal, Ireland, Italy and Spain. Moreover, ICE Clear Europe has also bolstered its suite with the addition of Austria and Belgium amidst heightened interest.

ICE Clear Credit now boasts a total of eleven CDS instruments, including:

• Brazil
• Hungary
• Ireland
• Italy
• Mexico
• Portugal
• Russia
• South Africa
• Spain
• Turkey
• Venezuela

Alternatively, ICE Clear Europe now clears CDS instruments for the following countries:

• Austria
• Belgium
• Ireland
• Italy
• Portugal
• Spain