CFTC gives swap dealers room to breath

Markets1 px230 x 150 for gc
By Ross Lancaster
14 Feb 2017

With just over two weeks to run before global regulation on variation margin requirements for uncleared derivatives comes into effect, the Commodity Futures Trading Commission (CFTC) has given US market participants a much needed reprieve.

On Monday, the CFTC announced a no-action letter that will allow swap dealers a six month grace period to comply with rules demanding that they exchange variation margin on non-cleared derivatives trades.

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