Market regulation · 06/01/2016

Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants

The Commodity Futures Trading Commission (CFTC) is adopting regulations to implement a provision of the Commodity Exchange Act (CEA), as added by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), requiring the CFTC to establish initial and variation margin requirements for swap dealers (SDs) and major swap participants (MSPs). The final rules would exempt certain uncleared swaps with certain counterparties from these margin requirements.