CHICAGO & LONDON--(BUSINESS WIRE)-- Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, announced today that ICE Clear Credit and ICE Clear Europe are introducing credit default swap (CDS) clearing for additional sovereign single names, beginning today.

ICE Clear Credit has added Portugal, Ireland, Italy and Spain to its suite of sovereign single names and ICE Clear Europe has added Austria and Belgium. ICE was the first to launch clearing for sovereign CDS in 2011.

ICE’s CDS clearing houses clear more than 500 single name and index CDS instruments based on corporate and sovereign debt. ICE launched the world’s leading CDS clearing houses in 2009 and has reduced counterparty risk exposure by clearing more than $60 trillion in gross notional amount of CDS instruments, with resulting open interest of approximately $1.6 trillion. Fact Sheet

With these additional single names, ICE Clear Credit now clears CDS instruments on 11 sovereign names:

• Brazil
• Hungary
• Ireland
• Italy
• Mexico
• Portugal
• Russia
• South Africa
• Spain
• Turkey
• Venezuela

ICE Clear Europe now clears CDS instruments on six sovereign names:

• Austria
• Belgium
• Ireland
• Italy
• Portugal
• Spain

About Intercontinental Exchange

Intercontinental Exchange (NYSE: ICE) is the leading network of regulated exchanges and clearing houses for financial and commodity markets. ICE delivers transparent, reliable and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange and ICE Futures.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at www.intercontinentalexchange.com/terms-of-use.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2013, as filed with the SEC on February 14, 2014.

SOURCE: Intercontinental Exchange

ICE-CDS

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Intercontinental Exchange
Media Contact:
Brookly McLaughlin
+1 312 836 6728
brookly.mclaughlin@theice.com
or
Adaora Anunoby
+44 20 7429 7147
adaora.anunoby@theice.com

Source: Intercontinental Exchange