Self-Regulatory Organizations; ICE Clear Credit LLC; Notice of Filing of Proposed Rule Change Relating to the ICE Clear Credit Recovery Plan and ICE Clear Credit Wind-Down Plan

. ICC also proposes clean-up changes to its overview of initial default auctions for the CDS clearing service. Such changes include updating examples to align with those included in the current version of the Default Auction Procedures--Initial Default Auctions and replacing existing tables and text-based examples with graphical illustrations to improve formatting and presentation.\25\ --------------------------------------------------------------------------- \24\ See Treasury Rule 20-605(d)(v) (``to enter into Trades or other transactions that replace or mitigate the risk of all or part of the Open Treasury Positions of the Defaulting Treasury Participant, liquidate securities held as collateral or received in settlement from or for the account of the Defaulting Treasury Participant and replace or liquidate any Initial Cover Transactions . . . Such Trades or transactions may be entered into pursuant to (i) one or more Default Auctions conducted pursuant to the Default Auction Procedures''). Additional detail is forthcoming in the Treasury Clearing Service Default Auction Procedures. \25\ The Default Auction Procedures--Initial Default Auctions are publicly available at https://www.ice.com/publicdocs/ICC_Default_Auction_Procedures.pdf . --------------------------------------------------------------------------- ICC also proposes changes to the tools to address liquidity shortf