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ICE Clear Europe is authorised as a Recognised Clearing House under the UK Financial Services and Markets Act 2000 and supervised by the Bank of England. ICE Clear Europe provides clearing services for futures and options contracts traded on ICE Futures Europe, ICE Endex, ICE Futures U.S. Energy Division and ICE Futures Abu Dhabi.

ICE Clear Europe is also: (i) designated as a Derivatives Clearing Organisation by the U.S. Commodity Futures Trading Commission (CFTC); (ii) recognised as a third-country central counterparty under the European Market Infrastructure Regulation (EMIR) (iii) recognised as a foreign central counterparty by the Swiss Financial Market Supervisory Authority (FINMA); (iv) recognised as a Remote Clearing House by the Abu Dhabi Global Market (ADGM) Financial Services Regulation Authority (FSRA); and (v) recognised as an inter-bank payment system under the Banking Act 2009.

ICE Clear Europe has received settlement finality designation under the Financial Markets and Insolvency (Settlement Finality) Regulations 1999 (SFR), which enhances the systemic risk protection provided to clearing members in the event of a clearing counterparty default. Under SFR, payment instructions within ICE Clear Europe’s system can be protected from administrators or liquidators of insolvent firms.

Unless otherwise specified, references on ICE Clear Europe’s website to the European Market Infrastructure Regulation (EMIR) and other EU legislation shall have the meanings ascribed to them, or be interpreted in the manner, set out in Circular C20/163.

With reference to Circular 23/115, ICE Clear Europe has ceased its credit default swap (CDS) clearing service. No CDS contracts are eligible to clear at ICE Clear Europe. References to CDS clearing on the ICE Clear Europe website will be removed in due course.

Continuity of Access to ICEU for Firms in Resolution

ICE Clear Europe’s response to the Financial Stability Board (FSB) Questionnaire on Continuity of Access to FMIs for Firms in Resolution is available upon request to Clearing Members and their resolution authorities. Please contact [email protected] for more information.

Financial Resources

  • ICE Clear Europe's current original margin on deposit* is:
    • Futures and Options: $82,956,335,516
  • In the event the resources of a defaulting clearing participant are insufficient to cure the default, the below financial resources are available to ICE Clear Europe

Futures & Options Contributions**

ICE Clear Europe (Designated Corporate) Initial Contribution$197,000,000
Clearing Member Required Guaranty Fund Contributions$2,900,000,000
Minimum Total Assets Available$3,097,000,000

ICE Clear Europe Default Insurance Amount

$100,000,000
  • ICE Clear Europe's financial resources additionally include assessment powers as detailed in ICE Clear Europe Rule 909(a) and 910(a)
  • All figures above are current as of close of business 30 September 2024.
  • All figures are expressed in U.S. Dollars for comparison purposes

*The Futures & Options Original Margin amounts represent the U.S. Dollar value of Original Margin on deposit, including excess collateral, after any applicable haircuts

**The values contained in the Futures & Options Guaranty Fund Requirements tables represent the U.S. Dollar requirements and do not include any excess collateral posted

Rules and Disclosures

Rulebook

Rule Filings

Quantitative Disclosures