CME Group has created a real-time, open access clearing solution for OTC Credit Default Swaps, in close collaboration with premier swap dealers, clearing firms, and buy-side participants.
Cleared OTC CDS Product Slate
Product slate comprises the highest volume Markit CDX indices and their single-name constituents. They are designed to mirror bilateral OTC contracts with standardized fixed coupons as defined by ISDA, and adhere to ISDA DC resolutions.
Additional Expansions Coming Soon*
European iTraxx Main
European iTraxx XO
NA Single Names
European Single Names
* Pending regulatory approval
Cleared CDS Product Specifications
Swap Execution Facilities (SEF)
Prices are % of par. Open Interest is the sum of the net notional outstanding per contract.
Volume is the sum of the notional for trades where both the buyer and seller agree to clearing the transaction. The figure is one sided.