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Clearing Operations (Tables)
 12 Months Ended
Dec. 31, 2023
Broker-Dealer [Abstract]  
Schedule Of Guaranty Fund Contribution
Our clearing houses are responsible for providing clearing services to each of our futures exchanges, and in some cases to third-party execution venues, and are as follows, referred to herein collectively as "the ICE Clearing Houses":
Clearing HouseProducts ClearedExchange where ExecutedLocation
ICE Clear EuropeEnergy, agricultural, interest rates and equity index futures and options contractsICE Futures Europe, ICE Futures U.S., ICE Endex, ICE Futures Abu Dhabi and third-party venuesU.K.
ICE Clear U.S.Agricultural, metals, foreign exchange, or FX, interest rate and equity index futures and/or options contractsICE Futures U.S.U.S.
ICE Clear CreditOTC North American, European, Asian-Pacific and Emerging Market CDS instrumentsCreditex and third-party venuesU.S.
ICE Clear NetherlandsDerivatives on equities and equity indices traded on regulated marketsICE EndexThe Netherlands
ICE Clear SingaporeEnergy, metals and financial futures productsICE Futures Singapore Singapore
ICE NGXPhysical North American natural gas and electricityICE NGXCanada
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 ContributionDefault insurance
As of December 31,As of December 31,
Clearing House
2023
2022
2023
2022
ICE Clear Europe (1)
$197$247$100$100
ICE Clear U.S. (2)
75 90 25 25 
ICE Clear Credit50 50 75 75 
ICE Clear Netherlands2 2 N/AN/A
ICE Clear Singapore1 1 N/AN/A
ICE NGX15 15 200 200 
Total$340$405$400$400
(1) The decrease in the ICE portion of the guaranty fund contribution from 2022 to 2023 at ICE Clear Europe was driven by ceasing CDS clearing at ICE Clear Europe and the related requirement for ICE Clear Europe to maintain a $50 million guaranty fund contribution related to CDS clearing.
(2) The decrease in the ICE portion of the guaranty fund contribution from 2022 to 2023 at ICE Clear U.S. was driven by the termination of our agreement with Bakkt to clear Bitcoin, and the related requirement for us to maintain a $15 million guaranty fund contribution.
Schedule Of Margin Deposits And Guaranty Funds Assets As of December 31, 2023, our cash and invested margin deposits were as follows (in millions):
ICE Clear Europe (1)
ICE Clear
Credit		ICE Clear U.S.ICE NGXOther ICE Clearing HousesTotal
Original margin
$40,170 $28,353 $4,693 $— $5 $73,221 
Unsettled variation margin, net
— — — 984 — 984 
Guaranty fund
2,358 3,017 609 — 5 5,989 
Delivery contracts receivable/payable, net
— — — 600 — 600 
Total
$42,528 $31,370 $5,302 $1,584 $10 $80,794 
As of December 31, 2022, our cash and invested margin deposits, were as follows (in millions):
ICE Clear Europe (2)
ICE Clear
Credit		ICE Clear U.S.ICE NGXOther ICE Clearing HousesTotal
Original margin
$101,243 $31,277 $4,141 $— $5 $136,666 
Unsettled variation margin, net
— — — 749 — 749 
Guaranty fund
4,162 3,177 597 — 4 7,940 
Delivery contracts receivable/payable, net
— — — 2,017 — 2,017 
Total
$105,405 $34,454 $4,738 $2,766 $9 $147,372 
(1) Amount is entirely related to futures/options.
(2) $97.6 billion and $7.8 billion is related to futures/options and CDS, respectively.
Schedule of Cash Accounts
A reconciliation of the components of cash and cash equivalents, restricted cash and cash equivalents, and cash and cash equivalent margin deposits and guaranty funds as presented in the consolidated statements of cash flows to the balance sheet is as follows (in millions):
As of
December 31, 2023
As of
December 31, 2022
As of December 31, 2021
Cash and cash equivalents$899 $1,799 $607 
Short-term restricted cash and cash equivalents531 6,149 1,035 
Long-term restricted cash and cash equivalents340 405 398 
Cash and cash equivalent margin deposits and guaranty funds78,980 141,990 145,936 
Total$80,750 $150,343 $147,976 
Details of our deposits are as follows (in millions):
Cash and Cash Equivalent Margin Deposits and Guaranty Funds
Clearing HouseInvestment Type
As of
December 31, 2023
As of
December 31, 2022
ICE Clear Europe
National bank account (1)
$5,819 $17,390 
ICE Clear EuropeReverse repo32,695 65,352 
ICE Clear EuropeSovereign debt3,745 19,894 
ICE Clear EuropeDemand deposits40 153 
ICE Clear CreditNational bank account22,754 27,145 
ICE Clear Credit Reverse repo5,381 3,916 
ICE Clear Credit Demand deposits3,235 3,393 
ICE Clear U.S.Reverse repo4,955 4,266 
ICE Clear U.S.Sovereign debt347 472 
Other ICE Clearing HousesDemand deposits9 9 
Total cash and cash equivalent margin deposits and guaranty funds$78,980 $141,990 
Invested Deposits, Delivery Contracts Receivable and Unsettled Variation Margin
Clearing HouseInvestment Type
As of
December 31, 2023
As of
December 31, 2022
ICE NGXUnsettled variation margin and delivery contracts receivable/payable$1,584 $2,766 
ICE Clear EuropeInvested deposits - sovereign debt230 2,616 
Total invested deposits, delivery contracts receivable and unsettled variation margin$1,814 $5,382 
(1) As of December 31, 2023, ICE Clear Europe held €11 million ($12.0 million based on the euro/U.S. dollar exchange rate of 1.1037 as of December 31, 2023) at the European Central Bank, or ECB, £4.6 billion ($5.8 billion based on the pound sterling/U.S. dollar exchange rate of 1.2732 as of December 31, 2023) 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, 2022, ICE Clear Europe held €11.7 billion ($12.5 billion based on the euro/U.S. dollar exchange rate of 1.0704 as of December 31, 2022) at ECB, £4.0 billion ($4.9 billion based on the pound sterling/U.S. dollar exchange rate of 1.2093 as of December 31, 2022) at the BOE and €10 million ($11 million based on the above exchange rate) at the BOE.
Schedule Of Assets Pledged By Clearing Members As Original Margin And Guaranty Fund Deposits These pledged assets are not reflected in our balance sheets, and are as follows (in millions):
As of December 31, 2023
ICE Clear
Europe
ICE Clear
Credit		ICE Clear U.S.ICE NGXTotal
Original margin:
Government securities at face value
$45,698 $26,992 $13,062 $— $85,752 
Letters of credit and other— — — 5,006 5,006 
Emissions certificates at fair value904 — — — 904 
ICE NGX cash deposits
— — — 1,219 1,219 
Total$46,602 $26,992 $13,062 $6,225 $92,881 
Guaranty fund:
Government securities at face value
$765 $1,119 $345 $— $2,229 
 
As of December 31, 2022
ICE Clear
Europe
ICE Clear
Credit		ICE Clear U.S.ICE NGXTotal
Original margin:
Government securities at face value
$74,964 $26,601 $14,855 $— $116,420 
Letters of credit
— — — 5,434 5,434 
ICE NGX cash deposits
— — — 2,357 2,357 
Total$74,964 $26,601 $14,855 $7,791 $124,211 
Guaranty fund:
Government securities at face value
$641 $805 $269 $— $1,715