Today, the Commodity Futures Trading Commission issued an Order granting International Derivatives Clearinghouse, LLC (IDC) registration as a derivatives clearing organization (DCO) pursuant to Section 5b of the Commodity Exchange Act. IDC is a Delaware limited liability company that intends to clear and settle interest rate derivative contracts.
As a registered DCO, IDC is authorized to clear futures contracts, options on futures contracts, commodity options, and over-the-counter derivative contracts where interest rates and/or currencies constitute the underlying commodity or reference.
