Intercontinental Exchange Inc. · NYSE:ICE
Intercontinental Exchange — Conference Presentation (May 2015)
8 slides from Intercontinental Exchange's conference presentation, May 2015
Slide 1: ICE CDS Client Clearing Automated Position Transfers (Clients)
ICE CDS Client Clearing Automated Position Transfers (Clients) May 2015 © 2015 Intercontinental Exchange Inc., All rights reserved.
Slide 2: Automated Position Transfers: Overview
Automated Position Transfers: Overview • ICE Clear Credit (ICC) and ICE Clear Europe (ICEU) are releasing a new client position transfer workflow on June 8 • The automated transfer workflow via the ICE Link GUI/API will replace the current spreadsheet request process • Clients can initiate transfers
Slide 3: Client Initiated Transfer Workflow
Client Initiated Transfer Workflow 1. Client requests a Position Transfer of an existing Cleared Trade, providing the Transfer-to Clearing Broker (CB)/FCM and Clearing Account 2. The original CB/FCM 1 and the new CB/FCM 2 (if an inter- transfer) reviews the request and affirms 3. ICE Link routes the
Slide 4: Position Selection via the Position Blotter
Position Selection via the Position Blotter • Client institutions may initiate the position transfer workflow via the ICE Link GUI Position Blotter • Transfers may be to a separate fund/account with the original FCM or to a new FCM; Clients may transfer one or many positions at once in a group, as l
Slide 5: Position Selection via Spreadsheet
Position Selection via Spreadsheet • Clients may alternatively paste positions from a spreadsheet instead of manually selecting positions to transfer in the Position Blotter screen 1 2 3 4 1. Select the Transfer button in the Positions screen (without selecting any positions) to open the Position Tr
Slide 6: Transfer Allege Screen
Transfer Allege Screen • After selecting positions to transfer, Clients provide the new FCM (if porting to a new FCM), Transfer-To Account, Transfer Notional, and Transfer Upfront Fees/Fee Payer* (if including upfront fees in the transfer) in the allege screen • The Transfer Package Id and My New Po
Slide 7: Position Transfer Status
Position Transfer Status • Clients may monitor Transfer request statuses in the transaction blotter (transaction type of Clearing Transfer) • Clients may view transfer details or recall (cancel) a pending transfer request by selecting the ‘View Package’ button Transaction Blotter View Transfer Reque
Slide 8: Client Testing
Client Testing • Clients may test initiating transfer requests as of May 26th in the ICE Link demo (test) environment • Clients may reach out to their FCM if end-to-end testing is desired • From June 8th forward, all client requested cleared position transfers will only be accepted in the ICE Link G
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