SEC reportedly pressures ICE to clear single-name CDS

04/5/2013 | Risk.net (subscription required)

ICE Clear Credit had said it would not offer its clients clearing for single-name credit default swaps because of a new regulatory margin policy, but the Securities and Exchange Commission has told ICE that its own rules prevent it from not offering clearing on single-name CDS contracts. Futures commission merchants say the punitive nature of the SEC's margin rules will prevent clients from using the clearing service.

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