1 Jul 2025
📉SEC Approves ICE Clear Credit's New CDS Contract for Côte d'Ivoire
Self-Regulatory Organizations; ICE Clear Credit LLC; Order Approving Proposed Rule Change Relating to Clearance of Additional Credit Default Swap Contracts
Summary
The SEC has approved ICE Clear Credit LLC's proposal to clear an additional credit default swap contract for the Republic of Côte d'Ivoire. This change enhances the legal framework for clearing specific derivative contracts and underscores ICC's adherence to existing risk management practices, promoting accurate settlement of securities transactions.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The SEC's approval of the proposed rule change allows ICE Clear Credit LLC to clear additional credit default swap contracts, which may create new market opportunities for businesses involved in derivatives trading. This impacts compliance as businesses must adhere to the updated regulations governing CDS contracts.