CFTC Request for Public Comment Regarding ICE Clear Credit Portfolio Margining Petition

Posted on December 2, 2011 by Kevin M. Foley

Co-authored by Christopher H. Mendoza and Christian B. Hennion.

The Commodity Futures Trading Commission is requesting public comment on a petition submitted by ICE Clear Credit LLC (ICC) seeking a CFTC order that would permit ICC and its clearing members that are dually-registered as futures commission merchants and securities broker-dealers to (i) commingle positions in swaps and security-based swaps and related customer money, securities, and property in a cleared swaps customer account and (ii) portfolio margin the swaps and the security-based swaps held in such an account.

The comment period for the ICC petition closes on December 22. The ICC petition may be found here.
 

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