💰Proposed Rule Change on ICC Treasury Operations Policies & Procedures
Self-Regulatory Organizations; ICE Clear Credit LLC; Notice of Filing of Proposed Rule Change Relating to ICC's Treasury Operations Policies & Procedures
Summary
The SEC has published a notice regarding ICE Clear Credit LLC's proposed rule change to amend its Treasury Operations Policies and Procedures. The proposed changes aim to formalize and improve transparency regarding intraday margin call processes, ensuring effective risk management and compliance with regulatory standards in securities transactions and derivative agreements.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change emphasizes formalizing the intraday margin call procedures, which may affect clearing participants by increasing compliance and operational transparency in margin management, potentially impacting financial risk exposures. Specific measures outlined may influence operational processes for business owners and executives involved in risk management.