Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants-Cross-Border Application of the Margin Requirements

Summary

The US Commodity Futures Trading Commission (CTC) has proposed new regulations requiring swap dealers and major swap participants to post margin for cross-border transactions, as part of the Dodd-Frank Act. The proposed rule aims to implement initial and variation margin requirements for swap dealers and major swap participants that do not have a prudential regulator.