The Commodity Futures Trading Commission (CFTC) has approved for publication in the Federal Register a proposed exemptive order that would permit derivatives clearing organizations ICE Clear Credit LLC, ICE Clear US, Inc., and ICE Clear Europe Limited (ICE DCOs) to invest, subject to certain conditions, futures and swap customer funds in French and German sovereign debt. The order would also expand the universe of counterparties and depositories that the ICE DCOs may use in connection with these investments.
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