The Commodity Futures Trading Commission (CFTC) has issued an order approving the transfer of all open interest in credit default swaps (CDS) at the Chicago Mercantile Exchange (CME) to ICE Clear Credit (ICC).
The CFTC acted at the request of CME and ICE.
On 15 December 2017, CME and ICC each submitted letters requesting that that CFTC permit the transfer of CDS open interest. CME and ICC plan to conduct the transfer on 16 March 2018 by closing out positions at CME and establishing corresponding positions at ICC.
