ICE Link
Innovative Post-Trade Services for CDS Affirmation, Novation and Clearing
ICE Link is a post-trade connectivity and middleware application for the credit default swaps (CDS) market. The app provides industry participants with electronic workflow and connectivity to real-time clearing, minimizing operational risk and cost while helping participants meet new regulatory clearing requirements.
Highlights of ICE Link
ICE Link is a post-trade connectivity and middleware application for the credit default swaps (CDS) market. The app provides industry participants with electronic workflow and connectivity to real-time clearing, minimizing operational risk and cost while helping participants meet new regulatory clearing requirements.
- Most widely adopted CDS trade workflow and connectivity provider
- Connectivity to more than 1,120 buy-side institutions and all dealers, all prime/clearing brokers, all swap exchange facilities (SEF), and interdealer brokers (IDBs)
- Full support for CDS transactions through a single user interface or API
ICE Link Features
Central Clearing
- New trade clearing affirmation, allocation and clearing house submission
- Clearing house margin calculators
- Clearing reports (e.g., margin, cleared positions, netting reports, etc)
- Specialized clearing workflows (e.g. transfers, back-loads, netting, multi-clearing broker, fallback, etc)
- Real-time clearing of CP-to-CP trades (A=C and C=C+)
Trade Intermediation
- Clearing broker and prime broker intermediation consent
- Allocation processing with clearing / prime brokers
- Prime broker step-out / stay-in novations
- Prime broker adoptions / backfill and conversions
- Fund-to-fund transfer of prime brokered trades
Novation Consent
- The first and leading Novation Consent equals Confirmation solution
- Electronic, transparent, and auditable process that fully complies with industry standards
- Flexible integration options that enable institutions to fully automate their roles in the novation process
- Real-time position management
Auto-Affirmation & Integration
- Automated, exception-based processing combined and full benefits of straight-through processing to greatly reduce operational risk and cost
- Connections to numerous swap exchange facilities (E-Trade and IDB Platforms), order management systems and third-party fund administrators
- Full integration with swap data repository and price dissemination platforms for simplified support of regulatory reporting obligations
Global Customer Service
- Market-leading customer service, including a highly responsive help desk, training, product management, CDS expertise and integration services
- Customer service and integration teams who work with customers from day one to ensure smooth adoption of the Link app
Market Resources
Post Trade
ICE Link
Innovative Post-Trade Services for CDS Affirmation, Novation and Clearing
ICE Link is a post-trade connectivity and middleware application for the credit default swaps (CDS) market. The app provides industry participants with electronic workflow and connectivity to real-time clearing, minimizing operational risk and cost while helping participants meet new regulatory clearing requirements.
Highlights of ICE Link
ICE Link is a post-trade connectivity and middleware application for the credit default swaps (CDS) market. The app provides industry participants with electronic workflow and connectivity to real-time clearing, minimizing operational risk and cost while helping participants meet new regulatory clearing requirements.
- Most widely adopted CDS trade workflow and connectivity provider
- Connectivity to more than 1,120 buy-side institutions and all dealers, all prime/clearing brokers, all swap exchange facilities (SEF), and interdealer brokers (IDBs)
- Full support for CDS transactions through a single user interface or API
ICE Link Features
Central Clearing
- New trade clearing affirmation, allocation and clearing house submission
- Clearing house margin calculators
- Clearing reports (e.g., margin, cleared positions, netting reports, etc)
- Specialized clearing workflows (e.g. transfers, back-loads, netting, multi-clearing broker, fallback, etc)
- Real-time clearing of CP-to-CP trades (A=C and C=C+)
Trade Intermediation
- Clearing broker and prime broker intermediation consent
- Allocation processing with clearing / prime brokers
- Prime broker step-out / stay-in novations
- Prime broker adoptions / backfill and conversions
- Fund-to-fund transfer of prime brokered trades
Novation Consent
- The first and leading Novation Consent equals Confirmation solution
- Electronic, transparent, and auditable process that fully complies with industry standards
- Flexible integration options that enable institutions to fully automate their roles in the novation process
- Real-time position management
Auto-Affirmation & Integration
- Automated, exception-based processing combined and full benefits of straight-through processing to greatly reduce operational risk and cost
- Connections to numerous swap exchange facilities (E-Trade and IDB Platforms), order management systems and third-party fund administrators
- Full integration with swap data repository and price dissemination platforms for simplified support of regulatory reporting obligations
Global Customer Service
- Market-leading customer service, including a highly responsive help desk, training, product management, CDS expertise and integration services
- Customer service and integration teams who work with customers from day one to ensure smooth adoption of the Link app