Regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets operator IntercontinentalExchange will launch clearing for contracts on Latin American debt this month. The exchange’s credit default swap (CDS) clearinghouse ICE Clear Credit has received approval from the Securities and Exchange Commission to offer clearing for Latin American CDSs.

ICE will begin clearing for Brazil and Mexico on October 31 and would be expanding it to Argentina and Venezuela in the weeks to follow. ICE Clear Credit is the world’s first central counterparty to provide clearing services for sovereign CDSs.

Click here for the release from PR Newswire.