CFTC extends relief for swaps, agency MBS package trades

Tim Massad
By Beth Shah
13 Nov 2014

The US Commodity Futures Trading Commission has issued a no-action letter extending relief that was previously granted for package transactions involving a swap component and an agency mortgage-backed security component.

Package trades are a transaction that involves a swap that is mandated to be traded on a swap execution facility, with another swap or product, such as an agency MBS, that isn’t. Over the past year, the CFTC has slowly been phasing in this requirement to trade various ...

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