22 Apr 2025
📈ICE Clear Credit's Proposed Rule Change on CDS Reference Obligations
Self-Regulatory Organizations; ICE Clear Credit LLC; Order Approving Proposed Rule Change Relating to the ICC Procedures for Identification of Contract Reference Obligations
Summary
ICE Clear Credit LLC has proposed changes to its rules regarding Contract Reference Obligations for Credit Default Swap contracts. This change aims to enhance clarity and transparency in the selection process, ensuring timely and accurate market representations while incorporating public consultations to address any potential objections.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change by ICE Clear Credit LLC enhances procedures for selecting Contract Reference Obligations in Credit Default Swap contracts, affecting clearing agency operations and compliance, which is crucial for businesses involved in CDS market transactions.