Search Results for keywords:"risk management framework"

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Search Results: keywords:"risk management framework"

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  • 2025-01410 — CME Securities Clearing, Inc.; Notice of Filing of an Application for Registration as a Clearing Agency Under Section 17A of the Securities Exchange Act of 1934
    Type:Notice
    Citation:90 FR 7713
    Reading Time:about 8 minutes

    CME Securities Clearing, Inc. (CMESC) is seeking to register as a clearing agency with the Securities and Exchange Commission under the Securities Exchange Act of 1934. If registered, CMESC would provide central counterparty clearing services for transactions involving U.S. Treasury securities and related agreements. The application details CMESC’s structure, including its board and risk management framework, and outlines its plans for ensuring financial stability and resilience. The Commission is requesting public comments on whether the application meets the requirements of the Exchange Act.

    Simple Explanation

    CME Securities Clearing, Inc. wants to be a big helper for people who buy and sell things like money promises called U.S. Treasury securities, making sure everything is fair and safe. The people in charge are asking everyone if they think this is a good idea or not.

  • 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.