Search Results for keywords:"credit default swap"

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Search Results: keywords:"credit default swap"

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  • 2025-03514 — Self-Regulatory Organizations; ICE Clear Credit LLC; Notice of Filing of Proposed Rule Change Relating to the ICC Procedures for Identification of Contract Reference Obligations
    Type:Notice
    Citation:90 FR 11348
    Reading Time:about 19 minutes

    The Securities and Exchange Commission (SEC) is considering a proposed rule change submitted by ICE Clear Credit LLC. This change involves revising ICE Clear Credit's rules and introducing new procedures to better define the process for selecting "Contract Reference Obligations," which are important in determining obligations during credit events for single-name credit default swap contracts. The amendments aim to enhance transparency and ensure that these selections represent the consensus among market participants. The SEC invites public comments on this proposal until March 26, 2025, with a decision expected within 45 days of its publication.

    Simple Explanation

    In this document, a group is changing the rules about how they decide which important numbers to use in agreements about money. They want to make sure everyone understands how they pick these numbers and that everyone agrees with their choices.

  • 2025-04659 — Self-Regulatory Organizations; ICE Clear Credit LLC; Notice of Filing of Proposed Rule Change Relating to the Risk Parameter Setting and Review Policy and the Risk Management Model Description
    Type:Notice
    Citation:90 FR 13223
    Reading Time:about 19 minutes

    ICE Clear Credit LLC (ICC) proposed a rule change to improve their risk management practices. The updates, which require approval from the Securities and Exchange Commission, focus on automating daily parameter updates for credit default swap risk factors and enhancing documentation. ICC believes these changes will enhance risk management by ensuring more accurate margin calculations and improving clarity in their risk assessment methods. Public comments on the proposal are being solicited until April 10, 2025.

    Simple Explanation

    ICE Clear Credit wants to change some rules to make sure they keep track of money and risk better, like using computers to check numbers every day; they think these changes will help make their work safer and clearer for everyone.

  • 2021-02004 — Self-Regulatory Organizations; ICE Clear Credit LLC; Notice of Filing of Proposed Rule Change, Security-Based Swap Submission, or Advance Notice Relating to the Clearance of an Additional Credit Default Swap Contract
    Type:Notice
    Citation:86 FR 7751
    Reading Time:about 11 minutes

    ICE Clear Credit LLC (ICC) has submitted a proposed rule change to the Securities and Exchange Commission (SEC) under the Securities Exchange Act of 1934. The proposal aims to update its Rulebook to allow for clearing an additional Standard Emerging Market Sovereign credit default swap contract related to Ukraine. This change is intended to reduce counterparty risk and improve the safeguarding of margin assets without altering ICC's existing risk management framework. The U.S. Securities and Exchange Commission is inviting public comments on this change to ensure that it aligns with statutory requirements.

    Simple Explanation

    ICE Clear Credit wants to make a new rule to help them safely trade a special kind of financial agreement about Ukraine, and they're asking people if they think that's a good idea.