Search Results for keywords:"Credit Default Swap"

The Securities and Exchange Commission has approved rule changes proposed by ICE Clear Credit LLC, a clearing agency for Credit Default Swap (CDS) contracts, to update its End-of-Day Price Discovery Policies and Procedures. The changes aim to improve ICC's price discovery process by clarifying the definitions of terms like Most-Actively-Traded-Instrument and bid-offer widths, refining methodologies for accurate end-of-day pricing, and increasing transparency by publishing prices for all eligible instruments. These revisions are consistent with regulatory requirements, intended to ensure accurate pricing and risk management, and to provide reliable data for participants and the market.

The Securities and Exchange Commission approved changes proposed by ICE Clear Europe Limited regarding their Credit Default Swap (CDS) Procedures and CDS Default Management Policy. These changes clarify how Clearing Members join the CDS Default Committee and allow for certain members to postpone their participation if necessary. Additionally, updates were made to the confidentiality requirements, the limits on liability for committee participants, and the procedures for testing and reviewing default management processes. These amendments aim to enhance the effectiveness of managing defaults and ensure the prompt and accurate settlement of transactions.