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The document discusses the approval by the Securities and Exchange Commission (SEC) of proposed changes by ICE Clear Credit LLC (ICC) to its Clearing Participant Default Management Procedures. The changes aim to enhance the management of risks during a participant's default. They include provisions for convening remote meetings of the CDS Default Committee via teleconference if in-person meetings are not possible, updating default notification procedures to involve regulators, and clarifying the roles and responsibilities of key officers like the Chief Risk Officer (CRO) and Chief Compliance Officer (CCO). These updates are intended to improve the clarity, efficiency, and resilience of ICC's processes in handling defaults.

ICE Clear Credit LLC (ICC) has filed a proposed rule change with the Securities and Exchange Commission (SEC) to update its Treasury Operations Policies and Procedures. The main purpose is to formally document their intraday margin call procedures, which are important for managing cash and collateral to ensure financial stability in volatile market conditions. These changes aim to enhance transparency without altering current practices, aligning with SEC regulations that require a risk-based margin system. The SEC is seeking public comments on this proposal.

ICE Clear Credit LLC (ICC) has proposed a change to its fee schedule, introducing a Client Volume Incentive Program. This program provides discounts on fees for clients who have annual billed fees for credit default swaps (CDS) exceeding $1 million USD. The discount is tiered, with up to 90% off for fees exceeding $6.4 million USD. The plan encourages more clients to use ICC's clearing services without imposing competitive burdens.

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 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.

ICE Clear Credit LLC (ICC) has submitted a rule change proposal to revise its clearing rules regarding margin or collateral provided by clients who are not participants. This change aims to align with amendments to the Commodity Futures Trading Commission's Regulation, ensuring clients provide collateral commensurate with the risk they pose. The rules will become effective immediately and aim to enhance risk management without imposing any undue competitive burdens. The proposal is open to public comments and aims for quick adoption to meet regulatory deadlines.

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.

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.

The Securities and Exchange Commission (SEC) approved a rule change proposed by ICE Clear Credit LLC (ICC) to revise its Operational Risk Management Framework (ORMF). This change enhances how ICC manages risks from partnerships with core service providers, including requiring evaluations of these relationships by senior management and ICC's Board. The updates align ICC with regulatory requirements, helping ensure clear responsibilities and improving the governance and risk management of operations associated with clearing securities transactions. The approval was granted on an accelerated basis to meet the compliance date of December 5, 2024.

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.