Federal Register #SRICC2026008

SEC Approval of ICE Clear Credit LLC Rule Change for CDS Instrument Eligibility

This SEC announcement details the approval of a rule change submitted by ICE Clear Credit LLC (ICC) regarding its CDS Instrument On-Boarding Policies and Procedures. - Government buyer: - Securities and Exchange Commission (SEC) - OEM/vendor: - ICE Clear Credit LLC - Products/services requested: - No products or services are being procured; this is a regulatory policy change - Notable requirements and details: - The rule change expands eligibility for clearing to include single name instruments with reference entities having a minimum outstanding debt notional of 500 million USD or Euros - ICC maintains robust governance, risk, pricing, and operational controls for eligible instruments - The change is intended to broaden the range of CDS instruments ICC can clear - Supports prompt and accurate settlement of securities transactions - No part numbers, quantities, or procurement-specific requirements are included, as this is not a purchasing action

Description

The Securities and Exchange Commission approved a proposed rule change by ICE Clear Credit LLC (ICC) regarding the CDS Instrument On-Boarding Policies and Procedures. The change amends the guiding principles for instrument selection to include single name instruments with reference entities having a minimum outstanding debt notional of 500 million USD or Euros. The amendment aims to expand the range of instruments eligible for clearing while maintaining effective governance, risk, pricing, and operational controls. This facilitates broader clearing services and promotes prompt and accurate clearance and settlement of securities transactions.

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