Ice starts European CDS buy-side clearing with five dealers and clients

Wednesday, October 09, 2013

Ice has announced that its Ice Clear Europe clearing house has started clearing buy-side credit default swap trades

Comment by: Anonymous. Posted 10 years ago [2013-10-09 23:34:41]

I'm likely missing something, but the information looks incomplete. If BofA acted as clearing member for Investec's CDS trade, who took the other side? I thought the idea was that two parties to a trade would execute through the SEF and then both parties face the CCP (ICE in this case).

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