On October 18th, the SEC approved ICE Clear Credit's proposed addition to its rules of Sections 26D and 26E to provide for the clearance of Emerging Markets Standard Sovereign CDS Contracts ("SES Contracts"). ICE will clear SES Contracts on four sovereign reference entities: the Federative Republic of Brazil, the United Mexican States, the Bolivian Republic of Venezuela, and the Argentine Republic. SEC Release No. 34-65588.