• IMPORTANT: CDS Product Advisory – Wind-up of CDS Clearing Operations

      • To
      • Clearing Member Firms; CDS Market Participants
      • From
      • CME Clearing
      • #
      • 17-491
      • Notice Date
      • 15 December 2017
      • Effective Date
      • 15 December 2017
    • On September 14, CME Group announced our intention to exit the CDS clearing business by mid-2018 in order to best serve our evolving customer needs.

      Following this decision to cease providing clearing services for CDS and in accordance with the CME Rules, the Clearing House has adopted an approved plan and proposed timeline to wind-up clearing operations for CDS Products and for the bulk porting of all open interest in CDS Contracts to ICE Clear Credit LLC (“ICE”) (the “Transition of Open Interest”).

      Click here for the full text of the advisory