April 7, 2014

CFTC Seeks Public Comment on Request from ICE Clear Europe for Order Permitting Portfolio Margining of Futures and Foreign Futures Contracts

Washington, DC — The Commodity Futures Trading Commission (Commission) is requesting public comment on a petition submitted by ICE Clear Europe Limited (ICE Clear Europe) for an order pursuant to Section 4d(a) of the Commodity Exchange Act (Act).

The petition requests that the Commission amend an earlier order dated October 15, 2012, which permitted ICE Clear Europe and its clearing members that are registered futures commission merchants to (1) commingle in an account subject to Section 4d(a) (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 ICE Clear Europe now requests that the Commission amend that order to apply to additional products including certain interest rate, energy, and financial contracts.

Comments regarding the request should be submitted on or before April 21, 2014.

Comments may be submitted electronically through the CFTC’s Commission’s Comments Online process. All comments will be posted on the Commission’s website.

Last Updated: April 7, 2014