Federal Register #SR-ICC-2026-003

SEC Notice: ICE Clear Credit LLC Proposed Rule Change for Additional Sovereign CDS Contracts

This notice announces a proposed regulatory change by the Securities and Exchange Commission (SEC) regarding ICE Clear Credit LLC: - Government buyer: Securities and Exchange Commission (SEC) - Vendor: ICE Clear Credit LLC - Purpose: Proposed rule change to allow ICE Clear Credit to clear additional sovereign credit default swap (CDS) contracts - New sovereign CDS contracts include those for: Republic of Ecuador, Republic of Guatemala, Republic of El Salvador, Oriental Republic of Uruguay, Republic of Costa Rica, Republic of Kenya, Republic of Angola, and Islamic Republic of Pakistan - No products, part numbers, or purchase quantities are specified, as this is not a procurement action - Notable requirements: - The change is intended to reduce counterparty risk and enhance margin asset protection for market participants - The SEC is soliciting public comments on the proposed regulatory change - No unique procurement or technical requirements are present, as this is a regulatory notice, not a purchase request

Description

This notice announces a proposed rule change filed by ICE Clear Credit LLC to revise its rulebook to allow the clearance of additional credit default swap contracts, specifically new sovereign contracts from various countries. The purpose is to expand the product offering to include these additional contracts, which are expected to benefit market participants by reducing counterparty risk and safeguarding margin assets. The Securities and Exchange Commission is soliciting comments on this proposed rule change. The filing includes detailed statutory and regulatory justifications for the change.

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