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ICE Clear Europe Limited

Registered in England No.06219884

Registered office: Milton Gate, 60 Chiswell Street, London EC1Y 4SA

June 9, 2023

Mr. Christopher J. Kirkpatrick

Office of the Secretariat

Commodity Futures Trading Commission

Three Lafayette Centre

1155 21st Street, NW

Washington, DC 20581

Re: ICE Clear Europe Self-Certification Pursuant to Commission Rule Rule 40.6 –

Part HH of its Delivery Procedures Amendments

Dear Mr. Kirkpatrick:

ICE Clear Europe Limited (“ICE Clear Europe” or the “Clearing House”), a registered 

derivatives clearing organization under the Commodity Exchange Act, as amended (the 

“Act”), hereby submits to the Commodity Futures Trading Commission (the 

“Commission”), pursuant to Commission Rule 40.6 for self-certification, amendments 

to its Delivery Procedures1 discussed herein. The amendments will become effective 

on the first business day following the tenth business day after submission, or such later 

date as ICE Clear Europe may determine. 

Concise Explanation and Analysis

ICE Clear Europe is amending Part HH of its Delivery Procedures to make certain 

corrections and clarifications with respect to the ICE Endex French PEG Natural Gas 

Contracts to be consistent with relevant exchange contract specifications. In paragraph 

3.2, the amendments will clarify that the contract trades in megawatt hours (MWh) per 

day and will correctly reflect that the contract is delivered in kilowatt hours (kWh) 

rather than MWh. The delivery documentation summary in paragraph 9.1 will also be 

amended to reflect the correction from MWh to kWh for deliveries under the contract. 

In paragraph 9.2, a correction will be made for invoice report and account sale report 

1 Capitalized terms used but not defined herein have the meanings specified in the Delivery Procedures

or, if not defined therein, the ICE Clear Europe Clearing Rules. 
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ICE Clear Europe Limited

Registered in England No.06219884

Registered office: Milton Gate, 60 Chiswell Street, London EC1Y 4SA

requirements to reflect that ICE Endex French PEG Daily Futures are priced in Euros 

per MWh (rather than pence per Therm). The amendments do not otherwise change 

the terms and conditions of deliveries under the contract.

Compliance with the Act and CFTC Regulations

The amendments to the Part HH of the Delivery Procedures are potentially relevant to 

the following core principles: (E) Settlement Procedures, and the applicable regulations 

of the Commission thereunder. 

• Settlement Procedures. The amendments are intended to make certain 

clarifications and corrections relating to settlement for ICE Endex French PEG 

Natural Gas Contracts to ensure consistency with relevant exchange contract 

specifications. The amendments do not otherwise change the manner in which 

the contracts are cleared and settled, and will not affect the financial resources, 

risk management, systems and operational arrangements that support clearing 

of the contracts. The amendments thus appropriately clarify the role and 

responsibilities of the Clearing House and Clearing Members with respect to 

trade specifications and delivery documentation. As a result, ICE Clear Europe 

believes the amendments are consistent with the requirements of Core 

Principle E and Commission Rule 39.14. 

As set forth herein, the amendments consist of the amendments to the Delivery 

Procedures, a copy of which is attached hereto. 

ICE Clear Europe hereby certifies that the amendments comply with the Act and the 

Commission’s regulations thereunder. 

ICE Clear Europe received no substantive opposing views in relation to the 

amendments.

ICE Clear Europe has posted a notice of pending certification and a copy of this 

submission on its website concurrent with the filing of this submission. 

If you or your staff should have any questions or comments or require further 

information regarding this submission, please do not hesitate to contact the undersigned 

at George.milton@theice.com or +44 20 7429 4564. 

Very truly yours,

George Milton

Head of Regulation & Compliance