Search Results for keywords:"Clearing Rules"

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Search Results: keywords:"Clearing Rules"

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  • 2021-02995 — Self-Regulatory Organizations; ICE Clear Europe Limited; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Amendments to the ICE Clear Europe Delivery Procedures.
    Type:Notice
    Citation:86 FR 9555
    Reading Time:about 8 minutes

    ICE Clear Europe Limited has submitted a proposal to amend its Delivery Procedures, introducing a new section to facilitate the delivery of Murban Crude Oil Futures Contracts traded on ICE Futures Abu Dhabi. These changes, effective immediately, aim to ensure proper delivery and settlement procedures are in place, which comply with existing regulatory standards. The proposed amendments do not appear to affect competition or clearing member costs and have not received public comments. Public feedback is welcome by March 9, 2021, as part of the Securities and Exchange Commission's review process.

    Simple Explanation

    ICE Clear Europe wants to change the rules to make sure people trading Murban Crude Oil have a fair way to deliver and receive the oil. They promise these changes won't cost more money or create unfair competition and are asking for people's thoughts until March 9, 2021.

  • 2021-01284 — Self-Regulatory Organizations; ICE Clear Credit LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to the ICC Clearing Rules
    Type:Notice
    Citation:86 FR 6715
    Reading Time:about 14 minutes

    ICE Clear Credit LLC (ICC) has submitted a rule change proposal to revise its clearing rules regarding margin or collateral provided by clients who are not participants. This change aims to align with amendments to the Commodity Futures Trading Commission's Regulation, ensuring clients provide collateral commensurate with the risk they pose. The rules will become effective immediately and aim to enhance risk management without imposing any undue competitive burdens. The proposal is open to public comments and aims for quick adoption to meet regulatory deadlines.

    Simple Explanation

    ICE Clear Credit LLC wants to change its rules about the money clients have to keep safe with them to make sure they're ready for any risks. This change is like making sure everyone brings the right amount of treats to a party so that everything is fair and safe for everyone.

  • 2021-02399 — Self-Regulatory Organizations; ICE Clear Credit LLC; Notice of Filing of Proposed Rule Change Relating to the ICC Operational Risk Management Framework
    Type:Notice
    Citation:86 FR 8447
    Reading Time:about 11 minutes

    ICE Clear Credit LLC (ICC) has filed a proposed rule change with the Securities and Exchange Commission to update its Operational Risk Management Framework. These revisions aim to enhance the management and assessment of risks associated with ICC's operations and ensure compliance with relevant regulations. The changes involve aligning its processes with the Enterprise Risk Management Policy of ICC's parent company, Intercontinental Exchange, and clarifying ERM's role in risk reporting and assessment. This proposal does not alter ICC's Clearing Rules and seeks to improve operational transparency and the protection of investors and the public interest.

    Simple Explanation

    ICE Clear Credit wants to update their rules to make sure they're managing risks better and staying safe, like following their parent company's safety guidelines, but these changes don't affect any of their clearing rules.