Thursday, June 3, 2010

ICE Reports $9 Trillion in CDS Cleared Globally to Date

Through May 28, ICE's CDS clearing houses have cleared $9 trillion in gross notional value on a
cumulative basis on more than 195,000 transactions. ICE currently lists 233 CDS contracts for clearing.
  • ICE Trust U.S. (ICE Trust) has cleared $5.7 trillion of gross notional value since inception, including $213 billion in single-name CDS, resulting in open interest of $405 billion. ICE Trust offers clearing for 35 indexes and 71 single-name instruments. ICE Trust has also cleared $1.2 billion of non-clearing house member, or buy-side, transactions since launch on December 14.
  • ICE Clear Europe has cleared euro 2.4 trillion ($3.3 trillion) of gross notional value since inception, including euro 330 billion in single-name CDS, resulting in euro 343 billion ($422 billion) of open interest. ICE Clear Europe offers clearing for 26 indexes and 101 single-name instruments.

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