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v3.19.3

Clearing Operations (Tables) | 9 Months Ended
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Sep. 30, 2019
Brokers and Dealers [Abstract] |
Schedule of Clearing Houses Information | Our clearing houses are responsible for providing clearing services to each of our futures exchanges, and in some cases outside of our execution venues, and are as follows, referred to herein collectively as "the ICE Clearing Houses":
Clearing House |  | Products Cleared |  | Exchange where Executed |  | Location
ICE Clear Europe |  | Energy, agricultural, interest rates and equity index futures and options contracts and OTC European CDS instruments |  | ICE Futures Europe, ICE Futures U.S., ICE Endex and third-party venues |  | U.K.
ICE Clear U.S. |  | Agricultural, metals, FX and equity index futures and options contracts |  | ICE Futures U.S. |  | U.S.
ICE Clear Credit |  | North American, European, Asian-Pacific and Emerging Market CDS instruments |  | Creditex, OTC and third-party venues |  | U.S.
ICE Clear Netherlands |  | Derivatives on equities and equity indices traded on regulated markets |  | ICE Endex |  | The Netherlands
ICE Clear Singapore |  | Energy, metals and financial futures products |  | ICE Futures Singapore |  | Singapore
ICE NGX |  | Physical North American natural gas, electricity and oil futures |  | ICE NGX |  | Canada
Schedule Of Guaranty Fund Contribution and Default Insurance | Such amounts are recorded as long-term restricted cash and cash equivalents in our balance sheets and are as follows (in millions):
|  | ICE Portion of Guaranty Fund Contribution |  | Default insurance
Clearing House |  | As of September 30, 2019 |  | As of December 31, 2018 |  | As of September 30, 2019 |  | As of December 31, 2018
ICE Clear Europe |  | $233 |  | $206 |  | $75 |  | N/A
ICE Clear U.S. |  | 103 |  |  | 61 |  |  | 25 |  |  | N/A
ICE Clear Credit |  | 50 |  |  | 50 |  |  | 50 |  |  | N/A
ICE Clear Netherlands |  | 2 |  |  | 2 |  |  | N/A |  |  | N/A
ICE Clear Singapore |  | 1 |  |  | 1 |  |  | N/A |  |  | N/A
ICE NGX |  | N/A |  |  | N/A |  |  | 100 |  |  | $100
Total |  | $389 |  | $320 |  | $250 |  | $100
Schedule of Margin Deposits and Guaranty Funds Assets | As of September 30, 2019, our cash and cash equivalent margin deposits are as follows (in millions):
| ICE Clear Europe (1) |  | ICE Clear Credit |  | ICE Clear U.S. |  | ICE NGX |  | Other ICE Clearing Houses |  | Total
Original margin | $ | 28,971 |  |  | $ | 22,534 |  |  | $ | 7,157 |  |  | $ | — |  |  | $ | 5 |  |  | $ | 58,667 |
Unsettled variation margin, net | — |  |  | — |  |  | — |  |  | 229 |  |  | — |  |  | 229 |
Guaranty fund | 4,198 |  |  | 2,120 |  |  | 445 |  |  | — |  |  | 5 |  |  | 6,768 |
Delivery contracts receivable/payable, net | — |  |  | — |  |  | — |  |  | 324 |  |  | — |  |  | 324 |
Total | $ | 33,169 |  |  | $ | 24,654 |  |  | $ | 7,602 |  |  | $ | 553 |  |  | $ | 10 |  |  | $ | 65,988 |
As of December 31, 2018, our cash and cash equivalent deposits, are as follows (in millions):
| ICE Clear Europe (2) |  | ICE Clear Credit |  | ICE Clear U.S. |  | ICE NGX |  | Other ICE Clearing Houses |  | Total
Original margin | $ | 27,597 |  |  | $ | 22,770 |  |  | $ | 6,260 |  |  | $ | — |  |  | $ | 3 |  |  | $ | 56,630 |
Unsettled variation margin, net | — |  |  | — |  |  | — |  |  | 417 |  |  | — |  |  | 417 |
Guaranty fund | 3,267 |  |  | 2,456 |  |  | 460 |  |  | — |  |  | 5 |  |  | 6,188 |
Delivery contracts receivable/payable, net | — |  |  | — |  |  | — |  |  | 720 |  |  | — |  |  | 720 |
Total | $ | 30,864 |  |  | $ | 25,226 |  |  | $ | 6,720 |  |  | $ | 1,137 |  |  | $ | 8 |  |  | $ | 63,955 |
(1) $27.9 billion and $5.3 billion is related to futures/options and CDS, respectively. (2) $25.8 billion and $5.1 billion is related to futures/options and CDS, respectively.
Schedule of Cash and Cash Equivalents | Details of our cash and cash equivalent deposits are as follows (in millions):
Clearing House |  | Investment Type |  |  | As of September 30, 2019 |  |  | As of December 31, 2018
ICE Clear Europe |  | National Bank Account (1) |  |  | $ | 5,886 |  |  |  | $ | 8,647 |
ICE Clear Europe |  | Reverse repo |  |  | 24,184 |  |  |  | 18,097 |
ICE Clear Europe |  | Sovereign Debt |  |  | 2,940 |  |  |  | 4,035 |
ICE Clear Europe |  | Demand deposits |  |  | 159 |  |  |  | 85 |
ICE Clear Credit |  | National Bank Account (2) |  |  | 19,947 |  |  |  | 19,484 |
ICE Clear Credit |  | Reverse repo |  |  | 2,997 |  |  |  | 1,935 |
ICE Clear Credit |  | Demand deposits |  |  | 1,710 |  |  |  | 3,807 |
ICE Clear U.S. |  | Reverse repo |  |  | 5,061 |  |  |  | 4,380 |
ICE Clear U.S. |  | U.S. Treasuries |  |  | 2,541 |  |  |  | 2,340 |
Other ICE Clearing Houses |  | Demand deposits |  |  | 10 |  |  |  | 8 |
ICE NGX |  | Unsettled Variation Margin and Delivery Contracts Receivable/Payable |  |  | 553 |  |  |  | 1,137 |
Total |  |  |  |  | $ | 65,988 |  |  |  | $ | 63,955 |
(1) As of September 30, 2019, ICE Clear Europe held €4.1 billion ($4.4 billion based on the euro/U.S. dollar exchange rate of 1.0899 as of September 30, 2019) at De Nederlandsche Bank, or DNB, £1.1 million ($1.4 million based on the pound sterling/U.S. dollar exchange rate of 1.2295 as of September 30, 2019) at the Bank of England, or BOE and €10 million ($11 million based on the above exchange rate) at the BOE. As of December 31, 2018, ICE Clear Europe held €7.0 billion ($8.0 billion based on the euro/U.S. dollar exchange rate of 1.1466 as of December 31, 2018) at DNB and £500 million ($638 million based on the pound sterling/U.S. dollar exchange rate of 1.2756 as of December 31, 2018) at the BOE. (2) ICE Clear Credit is a systemically important financial market utility, or SIFMU, as designated by the Financial Stability Oversight Council, and holds its U.S. dollar cash margin in cash accounts at the Federal Reserve Bank of Chicago.
Schedule of Assets Pledged by Clearing Members | These pledged assets are not reflected in our balance sheets, and are as follows (in millions):
| As of September 30, 2019
| ICE Clear Europe |  | ICE Clear Credit |  | ICE Clear U.S. |  | ICE NGX |  |  | Total
Original margin: |  |  |  |  |  |  |  |  |  |
Government securities at face value | $ | 29,305 |  |  | $ | 13,420 |  |  | $ | 9,881 |  |  | $ | — |  |  |  | $ | 52,606 |
Letters of credit | — |  |  | — |  |  | — |  |  | 2,247 |  |  |  | 2,247 |
ICE NGX cash deposits | — |  |  | — |  |  | — |  |  | 322 |  |  |  | 322 |
Total | $ | 29,305 |  |  | $ | 13,420 |  |  | $ | 9,881 |  |  | $ | 2,569 |  |  |  | $ | 55,175 |
Guaranty fund: |  |  |  |  |  |  |  |  |  |
Government securities at face value | $ | 407 |  |  | $ | 284 |  |  | $ | 274 |  |  | $ | — |  |  |  | $ | 965 |
| As of December 31, 2018
| ICE Clear Europe |  | ICE Clear Credit |  | ICE Clear U.S. |  | ICE NGX |  |  | Total
Original margin: |  |  |  |  |  |  |  |  |  |
Government securities at face value | $ | 29,887 |  |  | $ | 12,990 |  |  | $ | 10,208 |  |  | $ | — |  |  |  | $ | 53,085 |
Letters of credit | — |  |  | — |  |  | — |  |  | 2,556 |  |  |  | 2,556 |
ICE NGX cash deposits | — |  |  | — |  |  | — |  |  | 605 |  |  |  | 605 |
Total | $ | 29,887 |  |  | $ | 12,990 |  |  | $ | 10,208 |  |  | $ | 3,161 |  |  |  | $ | 56,246 |
Guaranty fund: |  |  |  |  |  |  |  |  |  |
Government securities at face value | $ | 654 |  |  | $ | 256 |  |  | $ | 264 |  |  | $ | — |  |  |  | $ | 1,174 |
Schedule of Financial Instruments Owned and Pledged as Collateral | ICE NGX maintains the following accounts with a third-party Canadian chartered bank which are available in the event of physical settlement shortfalls, subject to certain conditions:
Account Type |  | As of September 30, 2019 (In C$ millions) |  | As of September 30, 2019 (In $USD millions)
Daylight liquidity facility |  | C$300 |  | $227
Overdraft facility |  | 20 |  |  | 15 |
Total |  | C$320 |  | $242

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