Morgan Stanley has cleared OTC credit default swap (CDS) transactions via the newly created ICE Clear Credit. ICE Clear Credit was formerly called Ice Trust U.S., ICE’s North American credit default swap (CDS) clearing house. The bank at present offers OTC derivative clearing services for credit default swaps at ICE Clear Credit and CME Group. Morgan Stanley also clears interest rate swaps at LCH SwapClear and CME Group.

Click here for the release from Business Wire.