May 30, 2014

CFTC Grants Order to ICE Clear Europe Permitting Portfolio Margining of Futures and Foreign Futures Contracts

Washington, DC — The Commodity Futures Trading Commission (Commission) issued an order today granting a request from ICE Clear Europe Limited (ICE Clear Europe), a Commission-registered derivatives clearing organization (DCO), for an order pursuant to Section 4d(a) and (b) of the Commodity Exchange Act.

The order amends an earlier order dated October 15, 2012, which set forth terms and conditions under which ICE Clear Europe and its clearing members that are registered futures commission merchants may (1) commingle in an account subject to Section 4d(a) and (b) (a futures customer account) positions in futures and options, and foreign futures and foreign options, and related customer money, securities, and property; and (2) portfolio margin these futures and options, and foreign futures and foreign options, in the futures customer account. The October 15, 2012 order related to certain energy contracts, and the amended order applies to additional products including certain interest rate, energy, and financial contracts.

Last Updated: May 30, 2014