ICE

The following details the size and composition of the financial resource package available in the event of an ICE Clear Europe clearing participant default.

ICE Clear Europe's current original margin on deposit* is:
- Futures and Options: $34,488,191,362
- CDS initial margin: $8,009,725,707
In the event of a default, only the margin of the defaulting clearing participant and defaulting customer (if applicable, and subject to segregation laws) may be used for default management.
In the event the resources of a defaulting clearing participant are insufficient to cure the default, the below financial resources are available to ICE Clear Europe.

Futures and Options Guaranty Fund Requirement**
Clearing Participant Required Guaranty Fund Contributions	$1,850,000,000
ICE Clear Europe (Designated Corporate) Contributions	$100,000,000
Minimum Total Assets Available	$1,950,000,000

CDS Guaranty Fund Requirement**
Clearing Participant Required Guaranty Fund Contributions	$1,124,858,101
ICE Clear Europe (Designated Corporate) Contributions	$31,000,000
Minimum Total Assets Available	$1,155,858,101

ICE Clear Europe's financial resources additionally include assessment powers as detailed in ICE Clear Europe Rule 909(a) and 910(a).
All figures above are current as of June 30, 2015.
All figures are expressed in U.S. Dollars for comparison purposes.

* The Futures & Options and CDS Original Margin amounts represent the U.S. Dollar value of Original Margin on deposit, including excess collateral, after any applicable haircuts.

** The values contained in the Futures & Options and CDS Guaranty Fund Requirements tables represent the U.S. Dollar requirements and do not include any excess collateral posted.