ICE Trust to Transition to ICE Clear Credit Under Dodd-Frank; FCM/BD Clearing Members Added; Total CDS Cleared by ICE Exceeds $20 Trillion Milestone

IntercontinentalExchange ICE clearing houses and over-the-counter markets, announced today that ICE Trust U.S., ICE's North American credit default swap clearing house, will complete its transition to a CFTC-regulated Derivatives Clearing Organization and SEC-regulated Securities Clearing Agency as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act on July 16. In addition, the clearing house will convert from a New York State Banking Department and Federal Reserve regulated bank and will be known as ICE Clear Credit.