ICE Clear Credit

ICE Clear Credit LLC, a Delaware limited liability company, is a Derivatives Clearing Organisation (DCO) previously known as ICE Trust US LLC which was launched in March 2009.[1] ICE offers trade execution and processing for the credit derivatives markets through Creditex and clearing through ICE Trust™.[2] ICE Clear Credit LLC operates as a central counterparty (CCP) and clearinghouse for credit default swap (CDS) transactions conducted by its participants. ICE Clear Credit LLC is a subsidiary of IntercontinentalExchange (ICE). ICE Clear Credit LLC is a wholly owned subsidiary of ICE US Holding Company LP (ICE LP) which is "organized under the law of the Cayman Islands but has consented to the jurisdiction of United States courts and government agencies with respect to matters arising out of federal banking laws."[3]

  1. ^ ICE Clear Credit LLC application to become a Recognised Overseas Clearing House under s288 & 292 of the Financial Services and Markets Act 2000 (Report). London, UK: Office of Fair Trading. October 2012. Retrieved March 15, 2013.
  2. ^ "ICE Crude Oil" (PDF). www.theice.com. 2009. Retrieved March 16, 2013.
  3. ^ Cite error: The named reference FederalReserveApproval2009 was invoked but never defined (see the help page).