Intercontinental Exchange has announced that ICE Clear Credit has introduced clearing for Hungary and South Africa credit default swap (CDS) instruments for dealer to dealer and client clearing.

ICE Clear Credit is the first to clear Hungary and South Africa sovereign CDS, which are constituents of the Markit CDX Emerging Markets Index Series, also cleared by ICE.

With these additional instruments, ICE Clear Credit now clears seven sovereign CDS names:

  • Brazil
  • Hungary
  • Mexico
  • Russia
  • South Africa
  • Turkey
  • Venezuela

Additionally, ICE Clear Europe clears four sovereign CDS names:

  • Ireland
  • Italy
  • Portugal
  • Spain

Click link above for further details.