💰ICE Clear Credit LLC Treasury Policy Changes and Margin Calls
Self-Regulatory Organizations; ICE Clear Credit LLC; Order Approving Proposed Rule Change Relating to ICC's Treasury Operations Policies and Procedures
Summary
The Securities and Exchange Commission approved ICE Clear Credit LLC's proposed rule change regarding its Treasury Operations Policies and Procedures. The updates formalize the intraday margin call processes, improving risk management and supporting more effective operations in clearing credit default swap contracts. This development enhances transparency and operational capacity amid fluctuating market conditions.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The regulatory document outlines changes in ICE Clear Credit LLC's Treasury Operations Policies, particularly regarding intraday margin call procedures. These modifications impact risk management practices for clearing agencies, which executives must consider for compliance and operational efficiency. The established procedures also influence confidence among market participants and may indirectly affect business transactions.