The Commodity Futures Trading Commission (CFTC) has approved for publication a proposed exemptive order that would permit derivatives clearing organisations 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.
 
CFTC is seeking comments on all aspects of this proposal.  The comment period ends 30 days after the proposal’s publication in the Federal Register. All comments will be posted to the CFTC’s website.