Self-Regulatory Organizations; ICE Clear Credit LLC; Order Approving Proposed Rule Change Relating to the ICC Risk Management Framework, ICC Risk Management Model Description, and ICC End-of-Day Price Discovery Policies and Procedures
Published Date: 2/2/2026
Notice
Summary
ICE Clear Credit LLC is updating how it manages risks and figures out end-of-day prices for credit contracts. These changes tweak the way liquidity charges are calculated and improve governance, making the system safer and smoother for everyone involved. The updates kick in soon and don’t affect costs for participants but boost overall market stability.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Symmetric Liquidity Charge Increases Margins
ICC will use the Level III bid-offer width (the largest, "extreme" market condition) to calculate the liquidity charge for CDS index instruments for both short and long protection positions. This makes the liquidity charge more conservative and could lead ICC to collect larger initial margin amounts for long protection positions, increasing the likelihood that ICC has enough collateral to cover a Clearing Participant default and reducing the chance it must use mutualized collateral.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-12163, The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS
The SEC wants to scrap some old rules that stop stocks from being traded at worse prices and prevent confusing market quotes. This change affects stock traders and exchanges, aiming to simplify trading and possibly speed things up. If you want to share your thoughts, you’ve got until August 17, 2026, so don’t miss out!
2026-10373, Registered Offering Reform
The SEC wants to make it easier and cheaper for more companies to sell their stocks and bonds to the public. They’re opening up special forms and benefits to more businesses, updating rules to be more modern, and cutting red tape by overriding some state rules. If you’re a company planning to raise money, these changes could speed things up and save you money, with feedback due by July 27, 2026.
2026-10222, Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies
The SEC is making it easier for companies that report their finances by simplifying their categories into just two groups: big and small filers. Smaller companies, including emerging growth ones, will get more time to file reports and enjoy simpler rules, while big companies keep stricter standards. These changes aim to save time and money, with feedback open until July 20, 2026.
2026-07651, Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026!
2026-16853, Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Its Price List
The New York Stock Exchange is changing its price rules starting August 11, 2026. They’re tweaking the share amount needed to get free late D Orders at the market close and cleaning up some wording. This affects traders using these order types and could save or cost them money depending on their order size.
2026-16855, Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Equity 4, Rule 3100 Regarding Trading Halts
Previous / Next Documents
Previous: 2026-01982, Self-Regulatory Organizations: Long-Term Stock Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Its Fee Schedule To Modify the Liquidity Incentive Program
The Long-Term Stock Exchange (LTSE) is updating its fee schedule to change how it rewards traders who add liquidity to the market. Starting January 22, 2026, these tweaks aim to make trading smoother and more attractive for members by adjusting the Liquidity Incentive Program. If you trade on LTSE, expect new incentives that could impact your trading costs and benefits right away!
Next: 2026-01984, Self-Regulatory Organizations; LCH SA; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change Relating to LCH SA's Default Management Policy, Investment Risk Policy, Liquidity Risk Policy, Settlement, Payment and Custody Risk Policy, Model Governance, Validation and Review Policy and Contract and Market Acceptability Policy
LCH SA wants to update several important policies about managing risks and contracts, and the SEC is taking extra time to review these changes carefully. This affects anyone involved with LCH SA’s financial operations, but no money changes are expected right now. The SEC’s decision deadline has been pushed back to make sure everything is spot on.