The following details the size and composition of the financial resource package available in the event of an ICE Clear Credit clearing participant default.
- ICE Clear Credit's current margin on deposit is $35,040,000,000. In the event of a default, only the margin of the defaulting clearing participant and defaulting customer (if applicable, and subject to segregation laws) may be used for default management.
- In the event the resources of a defaulting clearing participant are insufficient to cure the default, the below financial resources are available to ICE Clear Credit.
ICE Clear Credit (Designated Corporate) Contributions | $50,000,000 |
Clearing Participant Required Guaranty Fund Contributions | $2,472,000,000 |
Minimum Total Assets Available | $2,522,000,000 |
- ICE Clear Credit's financial resources additionally include assessment powers as detailed in ICE Clear Credit Rule 803(b).
- The above listed CDS Initial Margin amount represents the U.S. Dollar value on deposit, including excess collateral, after any applicable haircuts.
- The above listed Guaranty Fund amount represents the U.S. Dollar requirement and does not include any excess collateral posted.
- All figures above are current as of December 31, 2018 and are rounded to the nearest $1 million.