Fixed Income & Data Services Catalog

ICE Swap Rate® (formerly known as ISDAFIX) is recognized as the principal global benchmark for swap rates for interest rate swaps. ICE Swap Rate is used as the exercise value for cash-settled swaptions, for close-out payments on early terminations of interest rate swaps, for some floating rate bonds and for valuing portfolios of interest rate swaps.

Provides a proprietary sector schema classifying over 134,500 issuers. Our schema applies globally to entities that issue corporate, government debt or equity securities. It compares more favorably to existing Sector schemas by providing deeper granularity in the form of over 270 sub-industry classifications. The ICE Uniform Entity Sectors are used in many internal applications such as our Index offerings, our ICE Climate offerings and our Execution platform.

ICE Benchmark Administration Limited (IBA) has developed a suite of forward-looking, term risk-free-rates, the ICE Term Reference Rates (ICE TRR), which are designed to measure, on a daily basis, expected (i.e. forward-looking) risk-free-rates over 1-, 3-, 6-, and 12- month tenor periods, and are based on a Waterfall Methodology using eligible data for specified interest rate derivative products referencing the relevant risk-free-rate.

Full coverage for exchange-listed and over the counter equity instruments and their associated Terms & Conditions

ICE’s corporate bond data is built on deep global subject‑matter expertise and long‑standing relationships with market contributors. Content sourcing continues to expand through new feeds and AI‑enhanced processes, supported by more than 1,000 systematic edit, cross, and validation checks to ensure data accuracy.

The ISDA Standard Initial Margin Model (ISDA SIMMTM) is a common methodology for calculating initial margin (IM) for non-centrally cleared derivatives. The method aggregates and weights trade sensitivities on risk buckets. ICE provides an IM pre and post trade calculation serviced on the ISDA SIMM methodology including risk sensitivity calculations delivered in standard CRIF file format. The IM module covers a wide range of derivatives instruments and includes a static and dynamic back test.

The ICE service enables access to European MIFID Template (or EMT) -sourced data - such as general financial information, target market information and actual and forecasted costs and charges - which is standardized and normalized by ICE, for securities where the EMT document is applicable.

To assist funds in complying with the SEC's Rule 18f-4, which provides a framework on the use of derivatives by registered investment companies, ICE offers a module within its Portfolio Analytics service. This module facilitates the calculation of absolute and relative Value at Risk (VaR), conducts stress testing, and performs the Limited Derivatives User test as required under the rule.

The ICE SPPI solution helps clients (featuring treasury business functions) in making their determination as to which accounting method to use for securities’ valuation purposes according to IFRS 9 principles, by identifying whether a security is an SPPI (Solely Payment of Principal and Interest). Securities from all asset classes are covered by this service.

Tailored to Hong Kong's Securities and Futures Commission (SFC) guidelines, this service assists online distribution and advisory platforms in determining whether a product is complex or non-complex. It leverages ICE's extensive reference data, encompassing over 35 million financial instruments across more than 210 markets.

The ICE Bail-In solution helps clients in identifying and monitoring the securities subject to Bail-in and its application hierarchy (also known as “pecking order”) according to BRRD directive (2014/59/EU).

To comply with fair value disclosure requirements under various accounting standards globally, including IFRS 13, FASB ASC-820, and SEC Rule 2a-5, ICE offers a Fair Value Leveling Service. This service categorizes fair value measurements into levels based on the inputs used, aiding entities in testing and validating their fair value methodologies.