ICE to Introduce Plus One for OTC Swaps
IntercontinentalExchange (ICE), an operator of global over-the-counter (OTC) markets, clearing houses and futures exchanges, today announced that it will introduce Plus One, an execution-to-clearing workflow for OTC swaps that supports credit risk management. This pre-clearing credit check workflow will be used for all ICE OTC clearing, including its credit default swap and energy swap clearing business. It is expected to commence production testing in the second quarter of 2012.
Plus One is
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