16 Apr 2025
💵ICE Clear Credit Launches Client Volume Incentive Program
Self-Regulatory Organizations; ICE Clear Credit LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Modifications to Fee Schedule To Introduce a Client Volume Incentive Program
Summary
The SEC has announced ICE Clear Credit's proposed rule change to modify its fee schedule, introducing a Client Volume Incentive Program. This program will provide automatic tiered discounts based on clients' annual billed fees, encouraging increased engagement with credit default swap clearing services. The initiative aims to enhance market participation while maintaining equitable fees among all clients.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule changes by ICE Clear Credit to introduce a Client Volume Incentive Program directly impact businesses by modifying their fee structures, offering potential discounts based on trading volumes. This presents a financial benefit and encourages increased trading volumes among clients, enhancing market participation.