ICE
The following details the size and composition of the financial resource package available in the event of a Clearing Corporation clearing member default.
  • Currently there is no open interest at The Clearing Corporation. Accordingly, the Clearing Corporation's current initial margin on deposit is $0. In the event of a default, only the margin of the defaulting clearing member and, if applicable and subject to The Clearing Corporation’s default waterfall, margin held in the defaulting clearing member’s customer account, may be used for default management.
  • In the event the resources of a defaulting clearing member are insufficient to cure the default, the below financial resources are available to The Clearing Corporation:
Clearing Member Required Guaranty Fund Contributions$1,200,000
  • The above listed Guaranty Fund amount represents the required amount and does not include any excess collateral posted.
  • All figures above are current as of June 30, 2015.