Comments for Industry Filing IF 12-004

Industry Filing  IF 12-004

30-day Review of ICE Clear Europe for Order Permitting Portfolio Margining of Cleared Swaps and Foreign Futures Contracts

The Commodity Futures Trading Commission (Commission) is requesting public comment on a petition submitted by ICE Clear Europe Limited (ICE Clear Europe) for an order pursuant to Section 4d(f) of the Commodity Exchange Act (Act).  The petition requests an order that would permit ICE Clear Europe and its clearing members that are registered futures commission merchants to (1) commingle in an account subject to Section 4d(f) (a cleared swaps customer account) positions in swaps and foreign futures and options and related customer money, securities and property; and (2) portfolio margin swaps and foreign futures and options in the cleared swaps customer account.