On Oct. 16, ICE CUS amended the risk management framework.
ICE CUS filed self-certified amendments to the ICE Clear US Inc.'s Risk Management Framework to clarify liquidity requirement calculations and detail cash investments.
Amendments
Clarified aspects of formula used to calculate the ICE CUS daily liquidity requirement.
Clarified the historic period used, and rationale, for 2 of the liquidity stress scenarios.
Adds principles for investments of clearing member, customer assets, in practice cash.
To memorialize the standards adopted to protect and ensure the safety of funds and assets belonging to clearing members, and their customers, when assets are invested.
Effectiveness
Effective no sooner than tenth business day following submission, Oct. 26, 2024.
