ICE targets default risk with credit-swaps futures, sources say

02/3/2013 | Bloomberg Businessweek

IntercontinentalExchange intends for credit-swaps futures it has in the works to protect investors from default by underlying borrowers, sources say. The contracts, which might be available in April, are expected to involve companies that are current on debt payments. The credit-swaps futures reportedly will reference Markit Group indexes.

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