Intercontinental Exchange, Inc. (NYSE:ICE) today announced that Royal Bank of Canada (RBC), has become a clearing member at ICE Clear Credit LLC, the leading global clearinghouse for credit default swaps.
ICE Clear Credit provides a comprehensive product offering, robust mark-to-market services and state-of-the-art risk management approach. As a clearing member, RBC will have access to industry-leading solutions for clearing Single Name and Index CDS instruments, as well as CDS Index Option instruments referencing the major North American and European corporate indices.
Read More“Our ability to access central clearing for the full range of our actively traded CDS products enables RBC to achieve significant capital and operational efficiencies across our CDS portfolios,” said Santosh Sateesh, MD, Global Head of Credit Derivatives Trading at RBC.