ICE Joins CCorp as CDS Clearing Projects Multiply

October 2008
Securities Industry News;10/20/2008, Vol. 20 Issue 36, p6
Trade Publication
The article reports on the partnership of IntercontinentalExchange (ICE) with consortium-owned Clearing Corp. (CCorp), Markit Group and RiskMetrics Group to establish a global central counterparty for credit derivatives. The companies announced on October 10, 2008 that they had signed a letter of intent. The cooperative effort aims to create an entity that will accomplish the objectives established by the Federal Reserve Bank of New York.


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