ICE Clear Credit filed petitions with the CFTC and the SEC to provide portfolio margining for proprietary and buy-side accounts in October of 2011. ICE Clear Credit received regulatory approval in late 2011 for proprietary positions and began portfolio margining for clearing members in January of 2012. Approvals for buy-side portfolio margining were granted in December 2012 by the SEC and on January 14, 2013 by the CFTC. ICE Clear Credit will launch clearing of North American corporate single names and Latin American sovereigns and portfolio margining for buy-side accounts this quarter.ICE Clear Credit legally segregates customer collateral from clearing participant proprietary collateral at all times. As a matter of law, customer collateral cannot be used for obligations related to a clearing participant's proprietary trading activities. It is a violation of ICE rules and CFTC and SEC regulations to commingle customer collateral within proprietary accounts.
IntercontinentalExchange Receives Regulatory Approval For Customer Portfolio Margining; Expands Capital Efficiencies For Buy-Side Clearing
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