On October 6 ISDA submitted a comment letter to the Securities and Exchange Commission in response to the ICE Clear Credit (“ICC”) application for registration as a clearing agency under Section 17A of the Securities Exchange Act of 1934, including ICC’s proposed rules for clearing U.S. Treasury transactions.
ISDA encourages the SEC to facilitate clearing of U.S. Treasuries at additional clearing agencies in light of the SEC’s clearing mandate. Subject to the recommendations for improvement of ICC’s clearing model discussed in the letter, ISDA strongly supports ICC’s application to register as a clearing agency. The proposed framework for clearing in the ICC Application would create a competitive U.S. Treasury clearing landscape that, in turn, would provide for a more resilient U.S. Treasury market.
Documents (1) for ISDA Comments on ICE Clear Credit’s Notice of Filing of an Application for Registration as an SEC Clearing Agency
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