Approved Trade Source Systems
Submitting your index or single name CDS trade for clearing could not be simpler at CDSClear.
Whether you’re clearing a newly executed transaction or entering an existing trade into clearing through backloading, CDSClear makes managing your cleared portfolio easy.
New trades: CDSClear sources new trades from major interdealer brokers and off-SEF execution platforms
|Product type supported||Clearing Activity|
|Execution Venues||Index||Single Name||Inter-Dealer Clearing||Client Clearing|
|Tullett Prebon||Y||Y||Via MarkitWire*||X|
|TradeWeb||Y||Y||Via Markitwire & Direct (ClearLink API)||Via Markitwire & Direct (ClearLink API)|
|Creditex||Y||Y||Via MarkitWire/other e-gateways||N/A|
|Bloomberg||Y||Y||Via Markitwire & Direct (ClearLink API)||Via Markitwire & Direct (ClearLink API)|
|Sunrise Broker||Y||Y||Via Markitwire*||X|
- Backloaded trades: Bilateral trades reported at DTCC can be backloaded through a weekly process (interdealer trades only) or a daily process
- Effective reporting and monitoring: trade statuses are fed back in real-time to Clearing Members through the LCH Clearlink API which offers real-time messaging and reports
Reporting cleared trades with trade repositories: Cleared trades are registered in DTCC’s Trade Information Warehouse and reported to the CFTC via DTCC’s Global Trade Repository in the US. CDSClear reports its trade legs to the European regulators via UnaVista in Europe