Search Results for keywords:"ICE Clear Europe Limited"

ICE Clear Europe Limited submitted a rule change to the Securities and Exchange Commission (SEC) to lower the clearing fees for the ICE Futures Europe Three Month Swiss Average Rate Overnight (SARON®) Index futures contract. The reduction in fees aligns with a decrease in the contract's notional size by a factor of four, facilitating a simpler transition of Open Interest from another contract type. The new fees are planned for implementation on March 1, 2021, pending regulatory approval. The changes are intended to ensure that fees are fair and consistent with the costs of clearing services without affecting competition among market participants.

The Securities and Exchange Commission has announced a proposed rule change filed by ICE Clear Europe Limited, aiming to revise its Price Submission Disciplinary Framework. The changes include renaming it to "Price Submission Disciplinary Procedure" and altering how missed price submissions are handled. Clearing Members could get one waiver per calendar year for technical issues, rather than one during the entire membership, and the review process has been extended, providing more time for responses and evaluations. The amendments also update governance procedures and make various clarifications to improve understanding and consistency with other Clearing House policies.