ICE Clear U.S. is the designated clearinghouse for ICE Futures U.S. ICE Clear U.S. was originally organized in 1915 as the New York Cotton Exchange Clearing Association and later became the Commodity Clearing Corporation. Although an ICE Futures U.S. subsidiary, ICE Clear U.S. has its own separate membership, Board of Directors, elected officers and operating staff. ICE Clear U.S. provides clearing services and financial stability for its clearing members.

ICE Clear U.S. performs two major functions: (1) reconciliation and clearing of all futures and options transactions made on ICE Futures U.S., and (2) assuring the financial integrity of such transactions. Through its system of financial safeguards and transaction guarantees, ICE Clear U.S. protects the interests of the trading public, members of the Exchange and the clearing members of the Clearing Corporation.