Investment Management Firms Commit to Single-Name CDS Clearing

Twenty-four member firms of ISDA, MFA and SIFMA pledged to begin clearing their single-name credit default swap ("CDS") trades voluntarily through central counterparties.

"The commitment by the major buy-side firms to move to central clearing will create efficiencies and increase transparency in the single-name CDS market" said Scott O'Malia, ISDA's Chief Executive.