Search Results for keywords:"ICE Clear Credit LLC"

The Securities and Exchange Commission (SEC) has approved changes proposed by ICE Clear Credit LLC to improve governance practices. The changes involve amending the Governance Playbook and Operating Agreement to create a Nominating Committee. This committee will evaluate the independence and qualifications of individuals being proposed for the board to ensure fair management. These updates aim to meet new regulatory requirements and enhance the organization's governance by minimizing conflicts of interest.

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.

ICE Clear Credit LLC (ICC) has filed a proposed rule change to update and formalize its Governance Playbook, which outlines the governance structure and procedures at ICC. The Playbook consolidates information regarding the board of managers, various committees, and key management roles, emphasizing the importance of transparency, safety, and efficiency. These updates aim to ensure that ICC's governance arrangements are clear and effective, promoting the secure and accurate handling of securities transactions and derivatives. The Securities and Exchange Commission seeks comments from the public on this proposed rule change to gauge its impact and compliance with relevant regulations.

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.

ICE Clear Credit LLC (ICC) filed a proposed rule change with the Securities and Exchange Commission (SEC) on February 25, 2025. This change involves revising the ICC Liquidity Risk Management Framework by removing an outdated cross-reference in Section 2.4. The proposed change is considered effective immediately under specific provisions of the Securities Exchange Act of 1934. The SEC published a notice to invite comments from the public, with submissions due by April 1, 2025.