On September 2nd, the SEC provided notice of ICE Clear Credit's filing of a proposal to add rules related to the clearing of emerging markets sovereigns. The rule change would adopt new rules providing the basis for ICC to clear additional credit default swap ("CDS") contracts. Specifically, ICC is proposing to add Sections 26D and 26E to Chapter 26 of its rules, providing for the clearance of Emerging Markets Standard Sovereign CDS ("Standard Emerging Sovereign Single Names" or "SES Contracts"). Comments should be submitted on or before September 30, 2011. SEC Release No. 34-65259.