ICE Swap Trade LLC

55 East 52nd Street

New York, NY 10055

December 12, 2017

Submitted via the CFTC Portal Submission 17-09

Secretary of the Commission

Office of the Secretariat

U.S. Commodity Futures Trading Commission

Three Lafayette Centre

1155 21st Street, N.W.

Washington, D.C. 20581

via email: submissions@cftc.gov

Re: ICE Swap Trade, LLC – Rule Amendment – Amended Rulebook and 2018 Trading Hours

Ladies and Gentlemen:

Pursuant to Section 5c(c) of the Commodity Exchange Act (the “Act”) and Section 40.6(a) of the regulations of the 

Commodity Futures Trading Commission (the “Commission”), ICE Swap Trade, LLC (“IST” or the “SEF”) hereby 

notifies the Commission that it has amended its Rulebook. The Rulebook has been amended in order to (i) affect 

certain administrative/clerical revisions, (ii) clarify the scope of certain Rules, and (iii) respond to upcoming 

changes by the index provider for certain Commodity Contracts. The Rulebook will become effective on January 1, 

2018 (based upon an acknowledged filing date of December 13, 2017).

A concise explanation of the amendments to the Rulebook is attached hereto as Exhibit A. A copy of the revised 

Rulebook marked to show changes against the Rulebook submitted to the Commission with an effective date of 

August 1, 2017, is attached hereto as Exhibit B, and a clean copy of the revised Rulebook is attached hereto as 

Exhibit C.

Pursuant to Rule 501 of the IST SEF Rulebook, “Business Days and Trading Hours”, the SEF shall notify Participants 

of the Trading Hours and any changes thereto by circular. A copy of the “SEF Notice” informing Participants of the 

2018 Trading Hours is attached as Exhibit D. This SEF Notice will be issued on December 12, 2017.

IST certifies that the amendments comply with the requirements of the Commodity Exchange Act and the rules 

and regulations promulgated thereunder. IST is not aware of any substantive opposing views expressed with 

respect to this filing and certifies that, concurrent with this filing, a copy of this submission was posted on the IST’s 

website and may be accessed at: https://www.theice.com/swap-trade/regulation#rule-filings.

Please contact the undersigned at (212) 323-8543 with any questions regarding this matter.

Very truly yours,

Robert J. Laorno

General Counsel

Enclosure
 Confidential Treatment Requested by ICE Swap Trade, LLC Exhibit A

Summary of Rulebook Changes

Amendment Explanation

Chapter 1 - Definitions

Platts

Added for clarification.

Chapter 2 - Ownership and Governance

Rule 214

Revised to clarify the use of certain Market Data used as 

the basis for price assessments.

Chapter 13 - Commodity Contract Terms and 

Conditions

Rules 1384-1385, 1390-1391, 13110 and 13147

Rules 1388-1389 and 1392-1393

Delisted six Commodity Contracts that referenced the 

Singapore Gasoil 500ppm sulfur Gasoil grade, which has 

been transitioned to a 10ppm sulfur Gasoil grade. Each 

of the Commodity Contracts delisted per this filing have a

corresponding Commodity Contract which reference the 

assessment for Singapore Gasoil 10ppm.

Revised to clarify the new assessment for Singapore 

Gasoil 10ppm sulfur Gasoil grade.