Our segregated funds solution has been designed toprovide robust protections for buy-side firms and to ensure our CDS clearingoffering serves the needs of the entire CDS market.” Over the coming weeks, ICE will continue to consult with regulators andactively test connectivity with buy-side firms in preparation for the Octoberintroduction. Further details and updates to the timeline will be announced inthe coming weeks, subject to customer readiness and regulatory requirements. ICE Clear Europe(R) has announced that it expects to begin clearing EuropeanCDS transactions by July 31, 2009.Further information detailing the buy-sidesolution for CDS clearing in Europe will be released following discussion withrelevant regulatory authorities and market participants. Said Jeffrey Sprecher, Chairman and CEO of ICE: “We recognize the importantrole that a central counterparty plays in addressing systemic risk for allmarket participants. ICE’s offering accelerates time-to-marketby utilizing existing market infrastructure and incorporating existingInternational Swaps and Derivatives Association (ISDA) agreements –eliminating the need for lengthy renegotiation — and supports existingconnectivity to all dealers, more than 400 buy-side firms and the TIW throughits ICE Link platform.ICE’s segregated funds structure was developed throughin-depth consultation with buy-side and sell-side market participants andregulators. Thesecustomer protections, together with ICE’s rigorous CDS risk model, offerincreased security for buy-side market participants.
ICE’s buy-side solution also addresses systemic risk by supporting both newtrades and the existing backlog of outstanding OTC CDS contracts at the DTCCTrade Information Warehouse (TIW). The expandedlegal framework protects customer positions and collateral in the event that aclearing member defaults on its obligations to the clearing house. The solution, which will enablebuy-side participation in CDS clearing, is expected to be introduced inOctober 2009, subject to regulatory approval. ICE’s buy-side solution offers a roadmap for the industry’s transition toclearing based on participants’ specific risk management needs, allowing firmsto retain trading relationships and a range of competitive execution models.The solution is designed to provide segregation of customer funds andpositions, as well as enhanced position and margin portability. The Company does not undertake anyobligation to publicly update or revise any forward-looking statement, whetheras a result of new information, future events or otherwise. Important riskfactors are delineated in the Company’s most recent SEC Form 10-Q and 10-Kfilings. ICE Announces October Launch of Buy-Side Solution for CDS Clearing; SegregatedFunds Solution Offers Robust Protection for CDS Market ParticipantsNEW YORK, July 22 /PRNewswire-FirstCall/ — IntercontinentalExchange(R) (NYSE:ICE), a leading operator of regulated global futures exchanges, clearinghouses and over-the-counter (OTC) markets, announced today that it hasdeveloped a solution that provides segregation of customer funds and positionsin credit default swap (CDS) clearing.
MTShad 1,660 employees and revenue of $461 million for the fiscal year endedSeptember 27, 2008. so that’s been one of the key factors overthe last 24 hours or so,” said George Davis, chief technicalstrategist at RBC Capital Markets. [ID:N21196742] “That removed a bit of the stigma that was overhanging thecurrency and made the downside in dollar/Canada a little bitmore vulnerable … Jackson sentenced Wallace, who hadpreviously pleaded guilty and is the last of three defendants in this case tobe sentenced on sex trafficking related charges. CHICAGO, July 22 /PRNewswire-FirstCall/ — Playboy Enterprises, Inc.
It’s crucialthat we provide the opportunities and access necessary for the workforce todevelop the skills and knowledge employers need,” she added.For more information on agricultural education, visit L. It outlinesfurther work that can be done to align state educational guidelines to meetthe needs of the agricultural industry.Zahorchak pointed to the FFA as an essential part of the agriculturaleducation curriculum that helps students to develop necessary skills throughcareer development events, leadership training and supervised agriculturalexperiences. The FTE basis adjusts for the tax benefitof income on certain tax-exempt loans and investments. Additional information on MTS can be found on theworldwide web at http:// release contains “forward-looking statements” made pursuant to the safeharbor provision of the Private Securities Litigation Reform Act of 1995 thatare subject to certain risks and uncertainties, as well as assumptions, thatcould cause actual results to differ materially from historical results andthose presently anticipated or projected. The webcast will be archived through November 18, 2009.About MTS Systems CorporationMTS Systems Corporation is a leading global supplier of test systems andindustrial position sensors. The Company’s testing hardware and softwaresolutions help customers accelerate and improve their design, development, andmanufacturing processes and are used for determining the mechanical behaviorof materials, products, and structures.
MTS’ high-performance position sensorsprovide controls for a variety of industrial and vehicular applications. Call +1-719-457-0820.If you prefer to listen live over the Internet, please log on to the web at http:// and click on the webcast eventnotice. [ID:nSP455272] The two-year Canada bond ended down 3 Canadian cents atC$100.08 to yield 1.206 percent, while the 10-year bond slipped25 Canadian cents to C$102.50 to yield 3.448 percent. [ID:nOTT001664] The next key event for traders is the Bank of Canada’sMonetary Policy Repot due on Thursday, when the market willlook for further details on the bank’s economic outlook. On Tuesday, the central bank forecast that the Canadianeconomy will shrink by 2.3 percent in 2009, not the 3.0 percentit forecast in April; and will grow by 3.0 percent in 2010rather than the 2.5 percent it had forecast earlier.