What is ICE Clear Credit?
ICE Clear Credit is the world's first CDS clearing house with funds and resources worth over $17 billion. Regulated by the CFTC and SEC, the company was ICE Trust US but transitioned to ICE Clear Credit in conjunction with the Dodd-Frank Act in 2011.
Where have you heard about ICE Clear Credit?
ICE Clear Credit hit financial news back in April 2017, when it was reported that top investment banks were to join them for CDS. Institutions included Credit Suisse and Deutsche Bank.
What you need to know about ICE Clear Credit.
ICE Clear Credit currently has approximately 30 clearing members including the Bank of America, Barclays Capital, Citi, Goldman Sachs, J.P. Morgan, Morgan Stanley, Merrill Lynch, HSBC and the Royal Bank of Scotland. Their main services include serving clients' best interests by helping to mitigate systemic risk in the marketplace through product offering, end-of-day pricing methodologies and capital efficiencies generated through a thoroughly researched risk model.
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