CFTC grants no-action relief for development bank activity

The US Commodity Futures Trading Commission on Wednesday issued a no-action letter that will allow non-US counterparties to not account for swaps with certain international financial institutions when determining whether or not they are swap dealers.

  • By Ross Lancaster
  • 16 May 2018

The relief, which ABN Amro requested from the CFTC’s division of swap dealer and intermediary oversight (DSIO), will allow non-US counterparties to exclude swaps with institutions such as the European Bank for Reconstruction and Development and Asian Development Bank from their de minimis swap dealer calculations.

The de minimis ...

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All International Bonds

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5 HSBC 132,288.72 714 4.95%

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5 SG Corporate & Investment Banking 16,369.38 77 4.89%

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4 Citi 5,594.80 40 7.37%
5 UBS 4,691.07 23 6.18%