馃搱SEC Notice on ICE Clear Credit CDS Contracts Rule Change
Self-Regulatory Organizations; ICE Clear Credit LLC; Notice of Filing of Proposed Rule Change Relating to the Clearance of Additional Credit Default Swap Contracts
Summary
The SEC is soliciting comments on ICE Clear Credit LLC's proposed rule change to allow clearance of additional Standard Emerging Market Sovereign CDS contracts. This amendment, expected to enhance market efficiency, includes the Republic of C么te d'Ivoire in the list of eligible reference entities for clearing, promoting better risk management in CDS transactions.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change by ICE Clear Credit LLC to allow the clearance of additional Emerging Market Sovereign CDS contracts (specifically C么te d'Ivoire) directly affects businesses engaged in trading these instruments, enhancing risk management and liquidity provisions. This revision supports compliance with regulatory requirements and could create new market opportunities for participants.