ICE Clear US's primary clearing systems currently consist of the following integrated systems:
Allows trade review, assignment, updating of trade details, next-day corrections, position transfers and average-price trade processing.
Provides functions for creating, updating, deleting, accepting, challenging, rejecting and splitting allocations.
Provides functionality for position maintenance (including close-outs), options exercise and delivery, in addition to cash and collateral management.
Provides access to all clearing reports and data files. (formerly AFTS)
ICE communicates with its payment banks by using the SWIFT communications network and standard form payment messages, which facilitates a high degree of straight-through-processing to the payment bank providers.