# 2026-22760: ICE Clear Credit Tweaks Fees for Credit Default Swap Clients

2026-22760, Self-Regulatory Organizations; ICE Clear Credit LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to ICC's Fee Schedule, is a Federal Register notice from Securities and Exchange Commission published 2026-11-09, effective 2026-10-27; PRIA reads it as touching household money (as of 2026-11-11).

- Canonical: https://policyrisk.com/federal-register/2026-22760
- As of: 2026-11-11
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-22760
- Title: Self-Regulatory Organizations; ICE Clear Credit LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to ICC's Fee Schedule
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 70915
- Published: 2026-11-09
- Effective: 2026-10-27
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-11-11

## In one line

ICE Clear Credit Tweaks Fees for Credit Default Swap Clients

## Summary

ICE Clear Credit just updated its fee schedule to tweak the Client Volume Incentive Program for credit default swaps. This change affects clients using the CDS Clearing Service and kicks in right away, aiming to keep fees fair and encourage more trading. No changes hit clearing participants or the official rules, so it’s a smooth, money-smart update for clients.

## Effects PRIA read

- New additional client discounts in 2027: benefit, high. Starting January 1, 2027, ICC will make extra discounts available under its Client Volume Incentive Program. Clients that achieved a 100% discount in the prior calendar year qualify for a lower fee cap of $3,000,000 (USD equivalent) for the calendar year, and any client whose paid clearing fees aft…
- Existing tiered discount schedule retained: benefit, high. ICC's existing Discount Schedule remains in place: clients with billed annual fees above $1,000,000 (USD equivalent) get a progressive discount that increases 1% for each $60,000 in billed fees above $1,000,000 up to $6,940,000 (USD equivalent), and billed annual fees above $6,940,000 (USD equivale…
- Discounts apply only to clients (not participants): cost, medium. The Client Volume Incentive Program applies automatically to clients clearing CDS contracts and continues to be available only to clients; Clearing Participants are not eligible. All client fees are charged directly to a client's Clearing Participant per ICC's fee schedule.

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## Sources
- [2026-22760 on federalregister.gov](https://www.federalregister.gov/documents/2026/11/09/2026-22760/self-regulatory-organizations-ice-clear-credit-llc-notice-of-filing-and-immediate-effectiveness-of)
- [2026-22760 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-11-09/pdf/2026-22760.pdf)

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- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-22760 (as of 2026-11-11).