⚖️ICC Finalizes Changes to Clearing Procedures for Default Management
The SEC approves ICE Clear Credit LLC's proposed rule changes regarding its Clearing Participant Default Management Procedures and ICC Clearing Rules. The updates aim to enhance efficiency by eliminating Direct Liquidation mechanisms and implementing an automated Default Management System for improved default management and position porting processes.
Learn More📄Proposed Rule Change for GSD Rulebook - SEC Notice
The SEC has extended the review period for a proposed rule change by the Fixed Income Clearing Corporation regarding modifications to the Government Securities Division Rulebook. This change focuses on default management practices and the porting of indirect participant activities, with implications for broader market compliance and operational adjustments.
Learn More📊SEC Proposes Changes to ICC Default Management Procedures
The SEC is soliciting comments on ICE Clear Credit LLC's proposed revisions to its Default Management Procedures and Clearing Rules. The changes aim to enhance the efficiency, transparency, and accuracy of default management processes by automating key functions and removing outdated mechanisms, ultimately improving risk management capabilities.
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