| Markit ICE Settlements are the daily official prices used by ICE Trust and ICE Clear Europe in their risk management processes. The settlements include both single names (across 41 maturities) and Markit CDS indices for both European and US markets. |
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| Product summary: |
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Markit ICE Settlements are daily price and spread levels for all instruments cleared by ICE. Markit ICE Settlements are calculated through a daily settlement price calculation process using contributions from clearing members.
For single-name CDS reference entities, prices, spreads, and the recovery rate for the entity are available by tier, currency, and restructuring type across the term structure. Clients can retrieve the data through an automated feed or through a report downloaded from Markit's website. |
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| Key benefits: |
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| Multi-sourced contributions result in the creation of an unbiased and objective price |
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| High quality inputs are used in the creation of the Markit ICE Settlements as the data are contributed by those clearing members with an open position at ICE |
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| Continually increasing coverage as more instruments are cleared; data available by tier, maturity, currency, and restructuring type for each IMM date until the 10 year maturity |
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| Easy integration into internal systems or third party solutions via flexible delivery mechanisms |
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| Key functions: |
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| Prices are those used for margining and risk purposes by ICE |
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| Seamless integration with industry standard CDS identifier Markit RED |
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| Reports available in CSV, Tab, and XML formats, either through automated download or through a web front-end |
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