August 19, 2014
August 18, 2014
August 17, 2014
ICE Clear Europe Authorized to Portfolio Margin Swaps and Security-Based Swaps
The Commodity Futures Trading Commission issued an order (Order) permitting ICE Clear Europe Limited (ICE Clear Europe) and its clearing members that are registered both as broker-dealers under the Securities Exchange Act of 1934 and as futures commission merchants under the Commodity Exchange Act to hold customer collateral securing positions in cleared credit default swaps (CDS) and cleared security-based credit default swaps (SB CDS) in the same Commodity Exchange Act Section 4d(f) cleared swaps account. The Order further permits the portfolio margining of such CDS and SB CDS in the cleared swaps account. The CFTC Order follows a complementary order issued by the Securities and Exchange Commission permitting SB CDS to be commingled and portfolio margined with CDS in a cleared swaps account.
The Order is available here.
<span class="advertise"> Advertisement </span>
- Divided Fourth Circuit Panel Rules On Burden of Proving Loss Causation in ERISA Fiduciary Breach Case
- California Finders Bill Trapped In The Weeds As Legislative Deadline Looms
- ICE Futures U.S. Issues Amendments to Exchange of Futures for Related Position (EFRP) Rule and FAQs
- SEC’s Office of Investor Education and Advocacy Releases Alert on Identifying Fraudulent Private Placements
- 10th Circuit Relies On Earnings Release and Compliance with Regulation S-K to Reject Claim of Material Omissions in Public Offering
- SEC Re-Proposes Amendments to Remove References to Credit Ratings from Money Market Fund Rule