1

ICE Clear Europe Limited

Registered in England No.06219884

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

August 02, 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 –

Amendments to Part O of its Delivery Procedures 

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 O of its Delivery Procedures for ICE Futures Europe 

Financials and Softs Cocoa Futures Contracts (“Cocoa Contracts”) to make changes to 

the settlement in the delivery timetable. The amendment will correct an erroneous

reference with regards to transfers through the Softs Delivery Platform. As revised, the 

procedures will reference the transfer of warrants instead of EWRs, which is consistent 

with the contract specifications. No substantive change is being made to the delivery 

process.

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

ICE Clear Europe Limited

Registered in England No.06219884

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

Compliance with the Act and CFTC Regulations

The amendment to the Part O of the Delivery Procedures is potentially relevant to the 

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

the Commission thereunder. 

• Settlement Procedures. The amendment is designed to revise ICE Clear 

Europe’s Delivery Procedures relating to Cocoa Contracts to correctly

reference warrants, rather than EWRs, consistent with the contract 

specifications. The amendment does not otherwise change the terms of the 

Cocoa Contracts or the manner in which the contracts are cleared and settled.

The amendment thus appropriately clarifies the role and responsibilities of the 

Clearing House and Clearing Members with respect to delivery documentation

for the Cocoa Contracts. 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