CDS

Charles River, a front- and middle-office investment management solutions provider, today announced a direct interface between the Charles River Investment Management Solution Version 9.1.4.5.3 (Charles River IMS) and MarkitSERV MTM which helps clients comply with mandatory clearing requirements for newly executed over-the-counter (OTC) derivatives under the Dodd-Frank Act.

The International Swaps and Derivatives Association, Inc. (ISDA) today announced that its Americas Credit Derivatives Determinations Committee resolved that a Bankruptcy Credit Event occurred in respect of Edison Mission Energy.

The Committee determined that an auction will be held in respect of outstanding CDS transactions. ISDA will publish further information regarding the auction on its website, www.isda.org/credit, in due course.

MarkitSERV, the most widely used electronic trade processing service for OTC derivative transactions, has enhanced its connectivity and trade management support for buy-side clearing of credit default swap (CDS) transactions at ICE Clear Credit.  The first production trades using MarkitSERV’s enhanced service were cleared by ICE on November 28th.

Commission Requires First Swaps to be Cleared

The Commodity Futures Trading Commission today issued new rules to require certain credit default swaps (CDS) and interest rate swaps to be cleared by registered derivatives clearing organizations (DCOs).

Full press release: http://www.cftc.gov/PressRoom/PressReleases/pr6429-12

CFTC Registered Swap Data Repository Service Offering for Credit, Interest Rate, Commodities, and FX Asset Classes Seamlessly Integrates with CME Clearing

The International Swaps and Derivatives Association, Inc. (ISDA) today announced that LCDS dealers voted to hold an auction for European loan-only CDS transactions referencing certain facilities entered into pursuant to a Senior Facilities Agreement entered into by the credit known as Yell Limited on 27th April 2006 (and as amended from time to time thereafter).

European loan only CDS (LCDS) transactions refer to Reference Obligations rather than Reference Entities, as is the case in regular CDS and North American LCDS.

IntercontinentalExchange, Inc. (NYSE: ICE), a leading operator of global markets and clearing houses, today announced  it has licensed Markit's North American and European corporate credit default swap (CDS) indices, in order to develop futures and options contracts based on the Markit CDX and Markit iTraxx index families.

TriOptima announces today that its triReduce multilateral portfolio compression service has terminated more than $300 trillion in notional principal outstandings since its launch in 2003.  Participation in triReduce’s 715 termination cycles for interest rate swaps and credit default swaps included 163 financial institutions around the globe.

The Commodity Futures Trading Commission proposed new rules to require certain credit default swaps (CDS) and interest rate swaps to be cleared by registered derivatives clearing organizations (DCOs).

Full press release: http://www.cftc.gov/PressRoom/PressReleases/pr6311-12