1

Registered name: ICE Clear Europe Limited, (Registered in England, No. 06219884)

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

ICE Clear Europe Ltd is a recognised clearing house under the Financial Services and Markets Act 2000 and is supervised by the 

Bank of England.

December 22, 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 

– 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 Part GG of its Delivery Procedures (“Delivery Procedures” or “Procedures”) to 

update certain notification procedures relating to the delivery under ICE Futures Abu 

Dhabi Murban Crude Oil Futures Contracts (“Murban Crude Oil Future Contracts”).1

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 GG of its Delivery Procedures to clarify certain 

notification procedures relating to Murban Crude Oil Future Contracts. The changes 

include the removal of the Delivery Confirmation Form and Delivery Range 

Nomination Form (“Delivery Forms”). Instead of requiring the submission of these 

forms, the Procedures will now require notification of delivery intentions and delivery 

range nominations through the Clearing House’s existing Extensible Clearing System 

(“ECS”). Accordingly, the Delivery Forms will be removed from the definitions section 

along with the Delivery Documentation Summary. Other conforming changes will be 

made throughout Part GG. 

Other minor drafting clarifications will be made in Part GG, including to use consistent 

references to the Terminal instead of the more general references to “Fujairah”, and 

updating certain names and section references.

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. 
2

Registered name: ICE Clear Europe Limited, (Registered in England, No. 06219884)

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

ICE Clear Europe Ltd is a recognised clearing house under the Financial Services and Markets Act 2000 and is supervised by the 

Bank of England.

Compliance with the Act and CFTC Regulations

The amendments to the Delivery Procedures are potentially relevant to the following 

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

Commission thereunder. 

• Settlement Procedures. As described above, the amendments modify Part GG

of the Delivery Procedures to revise certain delivery documentation 

procedures, including the elimination of certain forms and the use instead of 

notifications through the Clearing House’s ECS system. The amendments do 

not otherwise change the terms and conditions of Murban Crude Oil Futures 

Contracts, and the contracts will continue to be cleared by ICE Clear Europe 

in the same manner as they are currently. The amendments thus appropriately 

clarify the obligations of the Clearing House and Clearing Members with 

respect to physical delivery, and facilitate the management of the risks of 

physical delivery. As a result, ICE Clear Europe believes these 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