Financial institution Mizuho Americas has been admitted as a clearing member in ICE Clear Credit, extending its involvement in the credit derivatives market.
Mizuho Americas, a subsidiary of Mizuho Financial Group, has become a clearing member at ICE Clear Credit, a leading global clearinghouse for credit default swaps. This move gives Mizuho Americas access to industry-leading solutions for clearing Single Name and Index Credit Default Swaps (CDS) and CDS Index Options referencing major North American and European corporate indices.
This membership is expected to enhance Mizuho Americas' product offerings and improve capital and risk management efficiencies, delivering operational efficiencies across its CDS portfolios. Centrally clearing these products represents an important strategic step forward, amplifying Mizuho's growth within the global credit derivatives market.
Key Benefits for Mizuho Americas
The benefits for Mizuho Americas in joining ICE Clear Credit as a clearing member include:
- Enhanced product offerings in credit derivatives
- Improved capital and risk management efficiencies
- Operational improvements by central clearing of CDS instruments
- Access to deep liquidity, transparency, and resilience through ICE Clear Credit's platform
- Reduced counterparty risk exposure through centralized clearing
These advantages position Mizuho Americas to increase competitiveness and strategic growth in the global credit derivatives market.
ICE Clear Credit's Offerings
ICE Clear Credit, launched by Intercontinental Exchange (ICE) in 2009, provides a service of deep liquidity, transparency, and resilience in the global credit derivatives market. With current open interest over $2 trillion and clearing more than 670 Single Name, Index, and Index Option CDS instruments, ICE Clear Credit's network of global clearing members is expanding.
Effective risk management is paramount in today's dynamic credit landscape, according to ICE Clear Credit. The clearinghouse offers robust mark-to-market services and a state-of-the-art risk management approach, which reduces counterparty risk exposure and strengthens operational resilience.
Statement from Mizuho Americas
Natalya Rasmussen, Chief Operating Officer of Mizuho Americas' Fixed Income Division, made a statement about joining ICE Clear Credit. She said, "We are excited to join ICE Clear Credit and leverage its robust clearing services and advanced risk management tools. This partnership will enable us to enhance our product offerings and approach to capital and risk management, delivering operational efficiencies across our CDS portfolios."
With Mizuho Americas now part of its network, ICE Clear Credit's growing global clearing member base continues to strengthen its position as a service provider of deep liquidity, transparency, and resilience in the global credit derivatives market.
[1] This information is based on the provided bullet points and may not include all the details or perspectives of the involved parties.
- With the partnership with ICE Clear Credit, Mizuho Americas aims to leverage advanced technology in risk management to strengthen its operational resilience and improve its product offerings, particularly in fixed income and credit derivatives.
- The strategic move to join ICE Clear Credit provides Mizuho Americas with access to deep liquidity,Transparency, and resilience in the global credit derivatives market, reducing counterparty risk exposure and enhancing its competitiveness and strategic growth.
