Federal Register #SR-ICC-2026-008

SEC Notice of Proposed Rule Change by ICE Clear Credit LLC for CDS Instrument On-Boarding Policies and Procedures

This notice from the Securities and Exchange Commission (SEC) announces a proposed rule change submitted by ICE Clear Credit LLC regarding its CDS Instrument On-Boarding Policies and Procedures. - Government buyer: - Securities and Exchange Commission (SEC) - ICE Clear Credit LLC (self-regulatory organization) - OEM/vendor mentioned: - ICE Clear Credit LLC - Products/services requested: - No products, part numbers, or purchase quantities are requested - Notable requirements: - Proposed amendments revise guiding principles for selecting new credit default swap (CDS) instruments for clearing - Addition of a new criterion: single name instruments must reference entities with a minimum outstanding debt notional of $500 million - Amendments aim to facilitate prompt and accurate clearance and settlement, maintain prudent risk management, and ensure operational readiness - This is a regulatory announcement, not a procurement opportunity or contract award

Description

This notice from the Securities and Exchange Commission announces a proposed rule change filed by ICE Clear Credit LLC regarding amendments to the CDS Instrument On-boarding Policies and Procedures. The changes aim to revise the guiding principles for selecting new CDS instruments for clearing, including adding a new criterion related to single name instruments with reference entities having minimum outstanding debt notional of $500 million. The amendments are intended to facilitate prompt and accurate clearance and settlement of securities transactions while maintaining prudent risk management and operational readiness. The proposed rule change is subject to Commission approval and public comment.

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