Clear U.S.

Established in 1915 as the New York Cotton Exchange Clearing Association, today ICE Clear U.S. provides secure, capital-efficient counterparty risk management and post-trade services across a wide range of asset classes. To help mitigate systemic risk and protect the interests of our clearing customers, ICE Clear U.S. holds margin and guaranty funds including our own contribution (“skin-in-the-game”) and is a CFTC-registered Derivatives Clearing Organization (DCO).

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Risk Management

ICE Risk Model 2

Products

With roots dating back more than 100 years, ICE Clear U.S. continues to serve the risk management needs of the softs market. Its cleared products include benchmark contracts such as Sugar No.11, Cotton No. 2, Coffee “C” and Cocoa.

ICE Clear U.S. offers capital efficiencies through the cross-margining of related products within a group of nearly 60 cross-currency futures. This group of futures contracts includes several emerging market currencies and the U.S. Dollar Index.

We offer clearing for Gold and Silver Daily futures. These contracts enable participants in the IBA Gold and Silver Auctions to exchange their auction positions for cleared futures contracts held with ICE Clear U.S.

Equity Derivatives

Equity derivatives cleared through ICE Clear U.S. include more than 60 futures based on MSCI geographic, sector and factor indices across emerging and developed markets, and Russell equity index futures and options.

ICE Clear U.S. clears the ICE Mortgage Rate Lock Index futures and the ICE SOFR Index futures which trade on ICE Futures U.S.. The Mortgage Rate futures offer market participants a more precise hedging tool for residential mortgage interest rate risk.

Related information

Central Clearing: Reducing Systemic Risk

Central Clearing: Reducing Systemic Risk