ICE Clear Credit Is First CDS Clearing House to Process More Than $1 Trillion USD Notional Amount in One Day
2024年9月25日 - 9:30PM
ビジネスワイヤ(英語)
Intercontinental Exchange, Inc. (NYSE: ICE), a leading global
provider of technology and data, today announced that ICE Clear
Credit processed a record of more than $1.1 trillion USD equivalent
notional amount of credit default swap (CDS) instruments on Friday,
September 20 - the most ever cleared in a single day by any CDS
clearinghouse. As part of that, a record daily notional amount of
$900 billion from client-related CDS transactions was cleared.
“The crossing of the $1 trillion USD equivalent notional amount
milestone during one clearing day is a great testimony of our
ability to support the ever-evolving CDS marketplace,” said Stan
Ivanov, President of ICE Clear Credit. “The client-related notional
amount of more than $900 billion unequivocally demonstrates the
depth of our cleared CDS instrument liquidity pool and the choice
by clients to use our CDS services.”
ICE Clear Credit was founded during the financial crisis in 2009
to bring confidence and stability to the CDS market. Since then, it
has become the leading global clearing house for credit
derivatives, including Single Name and Index CDS instruments, and
options on index CDS. ICE Clear Credit offers clearing for more
than 650 Single Name and Index CDS instruments referencing
corporate and sovereign debt, and has reduced counterparty risk
exposure by clearing more than $350 trillion in two-sided notional
amount, with open interest of over $1.8 trillion.
ICE Clear Credit also recently announced plans to launch a
clearing service for all U.S. Treasury securities and repurchasing
agreements. The Treasury clearing service will be established as a
distinct offering from the current CDS clearing service, and will
have a separate rulebook, membership, risk management framework,
financial and liquidity resources, and risk committee.
For more information about ICE Clear Credit, please visit:
https://www.theice.com/credit-derivatives/options.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500
company that designs, builds and operates digital networks that
connect people to opportunity. We provide financial technology and
data services across major asset classes helping our customers
access mission-critical workflow tools that increase transparency
and efficiency. ICE’s futures, equity, and options exchanges –
including the New York Stock Exchange – and clearing houses help
people invest, raise capital and manage risk. We offer some of the
world’s largest markets to trade and clear energy and environmental
products. Our fixed income, data services and execution
capabilities provide information, analytics and platforms that help
our customers streamline processes and capitalize on opportunities.
At ICE Mortgage Technology, we are transforming U.S. housing
finance, from initial consumer engagement through loan production,
closing, registration and the long-term servicing relationship.
Together, ICE transforms, streamlines and automates industries to
connect our customers to opportunity.
The indices referenced herein are administered by ICE Data
Indices, LLC. Additional important information regarding the
indices (including methodology, limitations, and disclaimers) is
available at indices.ice.com. 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
here. Key Information Documents for certain products covered by the
EU Packaged Retail and Insurance-based Investment Products
Regulation can be accessed on the relevant exchange website under
the heading “Key Information Documents (KIDS).”
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, 2023, as
filed with the SEC on February 8, 2024.
Category: Fixed Income and Data Services
SOURCE: Intercontinental Exchange
ICE-CORP
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version on businesswire.com: https://www.businesswire.com/news/home/20240925775204/en/
ICE Media Contact: Damon Leavell damon.leavell@ice.com
(212) 323-8587
media@ice.com
ICE Investor Contact: Katia Gonzalez +1 678 981 3882
katia.gonzalez@ice.com
investors@ice.com
Intercontinental Exchange (NYSE:ICE)
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から 10 2024 まで 11 2024
Intercontinental Exchange (NYSE:ICE)
過去 株価チャート
から 11 2023 まで 11 2024