The FINANCIAL -- Intercontinental Exchange, the leading global network of exchanges and clearing houses, today announced that Holland Clearing House will be renamed ICE Clear Netherlands, effective July 27, 2015. ICE acquired a majority stake in Holland Clearing House in December 2014, with ABN AMRO Clearing Bank holding a minority stake.
ICE Clear Netherlands is focused on providing a reliable, efficient service combined with a transparent pricing structure and robust risk management systems. The Dutch clearing house provides central counterparty clearing (CCP) services for a range of equity and index derivatives contracts listed on TOM (The Order Machine), a Multilateral Trading Facility (MTF) based in the Netherlands, according to Intercontinental Exchange.
ICE operates seven clearing houses across North America, Europe and Asia to meet the requirements of market participants in their local jurisdictions, while providing leading risk management services across multiple asset classes.
Regulated in the Netherlands by the Dutch Central Bank (DNB) and the Netherlands Authority for Financial Markets (AFM), ICE Clear Netherlands received authorisation under the European Market Infrastructure Regulation (EMIR), EU No 648/2012, on December 12, 2014.