ICE Clear Credit鈥檚 Treasury clearing service gets stamp of approval
04 February 2026 US
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The US 网爆吃瓜 and Exchange Commission (SEC) has approved its application and rulebook for Intercontinental Exchange (ICE) Clear Credit to expand its current registered Covered Clearing Agency (CCA) designation to add US Treasury clearing.
ICE Clear Credit鈥檚 US Treasury clearing service is now fully operationally live, providing market participants with an alternative venue for clearing US Treasury securities, and soon repos.
Stan Ivanov, president of ICE Clear Credit, says: 鈥淲ith our Treasury clearing service now operationally live and ready to clear cash transactions, we鈥檙e thrilled to put the final touches on our approach to clearing repos, which we expect to be ready for testing and integration in the second half of the year, and is planned to go live in the fourth quarter.
鈥淏y extending our CDS solution to US Treasury securities, we have begun the process of bringing our risk management services to the US Treasury market, and we will continue to expand with the launch of repo clearing.鈥�
The solution aims to deliver both 鈥榙one-away鈥� and 鈥榙one-with鈥� implementations, allowing market participants to choose their preferred clearing method.
This is the same process that is used daily to clear financial products through ICE鈥檚 global clearing houses, the firm says.
Paul Hamill, chief commercial officer of ICE Clear Credit, adds: 鈥淪ince we first announced plans to launch a US Treasury securities clearing service, we have heard a resounding message that US Treasury market participants want innovation, change and progress.
鈥淭o meet that challenge, our service harmonises access models, operational workflows, risk management and protection models, across cash, repos, futures, and swaps, providing a modernised scalable solution for one of the largest and most important markets in the world.鈥�
Established as a distinct offering from ICE鈥檚 existing credit default swap (CDS) clearing service, the new solution has its own rulebook, membership, risk management framework, financial and liquidity resources, and governance structure.
ICE Clear Credit鈥檚 US Treasury clearing service is now fully operationally live, providing market participants with an alternative venue for clearing US Treasury securities, and soon repos.
Stan Ivanov, president of ICE Clear Credit, says: 鈥淲ith our Treasury clearing service now operationally live and ready to clear cash transactions, we鈥檙e thrilled to put the final touches on our approach to clearing repos, which we expect to be ready for testing and integration in the second half of the year, and is planned to go live in the fourth quarter.
鈥淏y extending our CDS solution to US Treasury securities, we have begun the process of bringing our risk management services to the US Treasury market, and we will continue to expand with the launch of repo clearing.鈥�
The solution aims to deliver both 鈥榙one-away鈥� and 鈥榙one-with鈥� implementations, allowing market participants to choose their preferred clearing method.
This is the same process that is used daily to clear financial products through ICE鈥檚 global clearing houses, the firm says.
Paul Hamill, chief commercial officer of ICE Clear Credit, adds: 鈥淪ince we first announced plans to launch a US Treasury securities clearing service, we have heard a resounding message that US Treasury market participants want innovation, change and progress.
鈥淭o meet that challenge, our service harmonises access models, operational workflows, risk management and protection models, across cash, repos, futures, and swaps, providing a modernised scalable solution for one of the largest and most important markets in the world.鈥�
Established as a distinct offering from ICE鈥檚 existing credit default swap (CDS) clearing service, the new solution has its own rulebook, membership, risk management framework, financial and liquidity resources, and governance structure.
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