5 Mar 2025
📈ICE Clear Credit Proposed Rule Changes for Contract Obligations
Self-Regulatory Organizations; ICE Clear Credit LLC; Notice of Filing of Proposed Rule Change Relating to the ICC Procedures for Identification of Contract Reference Obligations
Summary
The SEC releases a notice regarding ICE Clear Credit's proposed rule changes to enhance and clarify procedures for selecting Contract Reference Obligations in credit default swaps. The revisions aim to codify existing practices, increase transparency, and promote stakeholder engagement through public consultation on proposed obligations, ensuring alignment with market expectations and regulatory requirements.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The regulatory notice involves compliance requirements and operational procedures for ICE Clear Credit regarding the selection of Contract Reference Obligations for credit default swaps, which directly impacts financial operations and risk management for businesses involved in CDS transactions.