Financial Resources
The following details the size and composition of the financial resource
package available in the event of an ICE Clear U.S. clearing member default.
-
ICE Clear U.S.'s current initial margin on deposit is $27,838,296,132
-
In the event of a default, only the margin of the defaulting clearing
member and, if applicable and subject to ICE Clear U.S.’s default
waterfall, margin held in the defaulting clearing member’s customer
account, may be used for default management
-
In the event the resources of a defaulting clearing member are
insufficient to cure the default, the below financial resources are
available to ICE Clear U.S.
|
ICE Clear U.S. (Designated Corporate) Contributions for Digital
Currency Contracts*
|
$15,000,000 |
|
ICE Clear U.S. (Designated Corporate) Contributions for Standard
Contracts* and Digital Currency Contracts
|
$50,000,000 |
|
ICE Futures U.S. (Designated Corporate) Contributions for Standard
Contracts and Digital Currency Contracts
|
$18,000,000 |
| ICE Clear U.S. Clearing Member Default Insurance |
$25,000,000 |
| Clearing Member Required Guaranty Fund Contributions |
$664,431,964 |
| Minimum Total Assets Available |
$772,431,964 |
*As defined in the
ICE Clear U.S. Rules
-
ICE Clear U.S.'s financial resources additionally include assessment
powers as detailed in ICE Clear U.S. Rule 302
-
The above listed Initial Margin amount represents the US Dollar value on
deposit, including excess collateral, after any applicable haircuts
-
The above listed Guaranty Fund amount represents the required amount and
does not include any excess collateral posted
- All figures above are current as of December 31, 2020, apart from the ICE Clear U.S. (Designated Corporate) Contributions for Digital Currency Contracts which is current as of February 3, 2021