One Year Ago In Derivatives Week

The hotly anticipated over-the-counter derivatives legislation from Senate Agriculture Committee Chairman Blanche Lincoln (D-Ark.) had corporate end users breathing easier, since it included an explicit exemption for corporates from clearing. [A more narrow exemption for end users from clearing, but not margining, was written into the final Dodd-Frank Act (DW, 4/16), but the debate hasn't ended as Congressman Michael Grimm (R-NY) recently introduced a new bill that would exempt end users of derivatives from posting margin under Dodd-Frank.]