ICE ICC Liquidity, Haircut Methodology

Updated on: Mar 28, 2025

Latest Event


  • Mar. 24, 2025 CFTC Certification
  • On Mar. 24, 2025, CFTC certified to revisions of Liquidity risk management framework.

On Feb. 25, ICE ICC proposed revisions to liquidity risk management.

  • ICE ICC proposed revisions to its Liquidity risk management framework (LRMF).
  • LRMF sets forth its measurement and monitoring practices and corresponding governance procedures, influencing or determining ICC’s liquidity resources.
  • Removed outdated cross-reference in Section 2.4. on obsolete calculation recently removed from haircut methodology in Collateral risk management framework (CRMF).
  • Consultation
  • Comments on proposed rule change due 21 days after publication in federal register.
  • Mar. 5, 2025 SEC Approval
  • On Mar. 5, 2025, SEC issued notice of filing, immediate effect on revisions to the LRMF.
  • Immediate effect due to non-controversial designation per 17 CFR 240.19b-4(f).
  • Mar. 10, 2025 CFTC Self-Certification
  • On Mar. 10, 2025, ICE ICC submitted self-certification of proposed revisions to LRMF.
  • To implement the changes no sooner than the tenth business day following the filing.
  • Mar. 11, 2025 Fed Reg Approval
  • On Mar. 11, 2025, SEC published approval of ICE ICC proposal in the federal register.
  • Mar. 24, 2025 CFTC Certification
  • On Mar. 24, 2025, CFTC certified to revisions of Liquidity risk management framework.
Regulators
ICE ICC; SEC
Entity Types
B/D; Depo
Reference
RF 55442, 3/24/2025; 90 FR 11769, 3/11/2025; RF, 3/10/2025; RF 34-102526, 3/5/2025; RF ICC-2025-003, 2/25/2025; Citation: 17 CFR 240.19b-4;
Functions
Compliance; Financial; Legal; Risk; Settlement; Treasury
Countries
United States of America
Category
State
N/A
Products
Clearing; Deposits; Securities
Rule Type
Final
Regions
Am
Rule Date
Feb 25, 2025
Effective Date
Apr 7, 2025
Rule ID
245129
Linked to
N/A
Reg. Last Update
Mar 24, 2025
Report Section
US Investment