Nomura

Nomura

December 14, 2009 05:15 ET

Nomura Joins ICE Clear Europe

LONDON, UNITED KINGDOM--(Marketwire - Dec. 14, 2009) - Nomura, the global investment bank, today announces that it has been approved as a CDS clearing member of ICE Clear Europe, effective immediately.

Nomura is the only member of ICE Clear Europe to represent the Asia region and is one of 13 financial institutions to gain membership to date. By clearing credit derivatives through ICE Clear Europe, Nomura's clients benefit from reduced counterparty credit and operational risk and more secure collateral handling procedures.

"Nomura's partnership with ICE Clear Europe demonstrates its commitment to creating more efficient markets, enabling greater liquidity and providing transparency for all," said Georges Assi, Co-Head of Fixed Income, EMEA and Global Head of Credit at Nomura. "This represents another significant milestone in Nomura's mission to become a dominant force in the global credit derivatives market," he added.

ICE Clear Europe has cleared over $1.14 trillion of notional value since the launch of its CDS clearing services in July 2009. Nomura aims to clear 95 per cent of eligible CDS through central clearing counterparties, confirming to the market that it is fully focused on the growth and global reach of its Fixed Income franchise. 

The successful admission to ICE Clear Europe provides Nomura with a platform to further its commitment to central clearing of credit derivatives, harnessing its strong position in Asia while also developing its growing franchise in Europe and the US.

Nomura

Nomura is a leading financial services group and the preeminent Asian-based investment bank with worldwide reach. Nomura provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in over 30 countries. Based in Tokyo and with regional headquarters in Hong Kong, London, and New York, Nomura employs about 26,000 staff worldwide. Nomura's unique understanding of Asia enables the company to make a difference for clients through five business divisions: retail, global markets, investment banking, merchant banking, and asset management. For further information about Nomura, please visit www.nomura.com.

IntercontinentalExchange

IntercontinentalExchange® (NYSE:ICE) operates leading regulated exchanges, trading platforms and clearing houses serving the global markets for agricultural, credit, currency, emissions, energy and equity index markets. ICE Futures Europe® hosts trade in half of the world's crude and refined oil futures. ICE Futures U.S.® and ICE Futures Canada® list agricultural, currency and Russell Index markets. ICE offers trade execution and processing for the credit derivatives markets through Creditex and ICE Link™, respectively, and CDS clearing through ICE Trust™ and ICE Clear Europe®. A component of the Russell 1000® and S&P 500 indexes, ICE® serves customers in more than 50 countries and is headquartered in Atlanta, with offices in New York, London, Chicago, Winnipeg, Calgary, Houston and Singapore. www.theice.com 

Contact Information

  • Nomura International plc
    Jonathan Hodgkinson
    +44(0) 20 7102 1471
    www.nomura.com