Mizuho Americas becomes a new member of ICE Clear Credit for clearing services.
Mizuho Americas, a subsidiary of Mizuho Financial Group, has joined ICE Clear Credit as a clearing member, marking a significant development in the global credit derivatives market. This partnership is set to enhance liquidity, transparency, and resilience in credit default swaps (CDS) trading.
With this move, Mizuho Americas will leverage ICE Clear Credit’s advanced risk management and clearing solutions for Single Name and Index CDS instruments. This collaboration is expected to improve capital efficiency and risk mitigation across Mizuho's CDS portfolios.
ICE Clear Credit, a global leader in clearinghouse services for CDS, processes over $2 trillion in open interest and has cleared trades totaling more than $385 trillion notional amount. By becoming a clearing member, Mizuho supports deeper market liquidity and operational efficiencies that align with its strategic growth within the evolving global credit derivatives landscape.
For ICE Clear Credit, Mizuho’s addition to their network of global clearing members reinforces their position as a provider of robust liquidity and transparent, resilient credit derivatives clearing services. This collaboration reflects ongoing efforts to improve capital and risk management practices in the CDS space, crucial for the market's stability and efficiency.
Natalya Rasmussen, Chief Operating Officer of Mizuho Americas' Fixed Income Division, expressed her excitement about joining ICE Clear Credit. Stan Ivanov, President of ICE Clear Credit, welcomed Mizuho Americas to their clearing member network.
As a clearing member, Mizuho Americas will have access to industry-leading solutions for clearing Single Name and Index CDS instruments, as well as CDS Index Option instruments referencing major North American and European corporate indices. This will enable Mizuho to manage its CDS exposure more effectively, reducing counterparty risk.
ICE Clear Credit offers a comprehensive product offering, robust mark-to-market services, and a state-of-the-art risk management approach. Launched by ICE in 2009 to bring centralized clearing to the CDS market, ICE Clear Credit currently clears over 670 Single Name, Index, and Index Option CDS instruments.
Effective risk management remains crucial in today's credit market landscape, as demonstrated by ICE Clear Credit's offerings. ICE Clear Credit's network of clearing members continues to grow, contributing to the reduction of counterparty risk in the market. This partnership between Mizuho Americas and ICE Clear Credit advances the global credit derivatives market by fostering enhanced clearing infrastructure, risk reduction, and liquidity, supporting more efficient trading and risk management of credit derivatives worldwide.
- Mizuho Americas, as a clearing member of ICE Clear Credit, aims to utilize its advanced technology for risk management and clearing solutions in fixing income portfolios, improving capital efficiency and managing risk.
- ICE Clear Credit's network expansion, with the addition of Mizuho Americas, reinforces its position as a technology-driven provider of transparent, resilient, and liquid credit derivatives clearing services.
- By leveraging ICE Clear Credit's comprehensive product offerings, such as CDS Index Option instruments, Mizuho americas can reduce counterparty risk and effectively manage its derivatives exposure, contributing to a more stable and efficient global credit derivatives market.
