2025-14752Notice

SEC Greenlights Ice Clear's Default Dance Updates

Published Date: 8/5/2025

Notice

Summary

ICE Clear Credit LLC (ICC) got the green light to update how it handles situations when a clearing participant (CP) can’t meet their financial obligations. These changes make ICC’s rules clearer and stronger to manage defaults faster and safer, protecting everyone involved in credit default swaps. The updates kick in soon and don’t signal any extra costs but boost confidence in the system’s safety net.

No Economic Impacts Identified for this Document

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Key Dates

Published Date
8/5/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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