Your browser is unsupported

Please visit this URL to review a list of supported browsers.

ICE Logo

Margining & tech

In each of our clearing houses, we work to optimize capital efficiency for clearing participants around the world while maintaining optimal levels of initial and intraday margin to safeguard the global marketplace. The specific margin methodologies used vary based on the risk characteristics of the clearing house’s cleared products, but an overview can be seen below.

Interested in becoming a clearing member?

Contact us

ICE Risk Model

The ICE Risk Model is used at most of ICE's clearing houses to calculate futures and options margin on at least a daily basis. Initial margin is a returnable deposit based on your open positions and any possible margin offsets. While members may be required to provide additional margin to cover concentration risk, illiquid positions or wrong-way risk, we continually evaluate your portfolio to realize margin offsets.

ICE Clear Europe risk management
ICE Clear Europe operates separate Product Risk Committees for Credit Default Swaps (CDS) and Futures and Options products.
ICE Clear U.S. risk management
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 and is a CFTC-registered Derivatives Clearing Organization (DCO).
ICE Clear Credit Risk management
With capital efficiencies generated through a sophisticated risk model, we are able to serve your best interests while we help mitigate systemic risk in the marketplace.
ICE Clear Netherlands risk management
ICE Clear Netherlands employs advanced and prudent risk management practices, giving customers the confidence that risk is managed in a competent and timely manner.
ICE Clear Singapore risk management
ICE Clear Singapore has established a Risk Committee, comprised of representatives of the Clearing House, Members and other participants.

CDS clearing account types

We provide individual segregation, omnibus segregated client accounts, and co-mingled general accounts to help you choose the model that best meets the risk profile you want to achieve. High degrees of segregation provide high degrees of protection, but that will be a more costly solution when compared to omnibus accounts where your firm's positions are co-mingled with other customers' positions. We provide various options to consider and our experienced specialists can help you understand the features of each account type so your firm can determine the balance of risk and cost that best suits your business.

Resources

ICE Link

ICE Link is a post-trade connectivity and middleware application for the credit default swaps (CDS) market.

Clearing house membership

Strict membership criteria help ensure that our clearing members are highly capitalized and financially responsible for all trades cleared through their operations with ICE.

ICE Link

ICE Link is a post-trade connectivity and middleware application for the credit default swaps (CDS) market.

Clearing house membership

Strict membership criteria help ensure that our clearing members are highly capitalized and financially responsible for all trades cleared through their operations with ICE.