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

Streszczenie

The Commodity Futures Trading Commission ("Commission" or "CFTC") is amending the margin requirements for uncleared swaps for swap dealers ("SD") and major swap participants ("MSP") for which there is no prudential regulator to add the European Stability Mechanism ("ESM") to the list of entities that are expressly excluded from the definition of financial end user under Commission regulations and to correct an erroneous cross-reference in Commission regulations ("Final Rules").