OPEN for comment! ICE Clear Europe’s New Game Plan: Futures and Options Default Management Policy ‘2.0’. The new policy would clarify and enhance certain practices relating to hedging strategy following a default and set out the key factors to consider in declaring and managing an Event of Default.
by Dismal-Jellyfish https://public-inspection.federalregister.gov/2023-09207.pdf Purpose: ICE Clear Europe is proposing to adopt a new Futures and Options Default Management Policy, which would address procedures and requirements for the Clearing House’s management of an Event of Default with respect to an F&O Clearing Member consistent with the requirements of Clearing House’s Rules and Procedures. The Policy would … Read more