Regulatory Alerts2013-07-16 | 2013-16938Procedures To Establish Appropriate Minimum Block Sizes for Large Notional Off-Facility Swaps and Block Trades; Correction
The Commodity Futures Trading Commission issued a final rule correction to fix errors in contract descriptions, block sizes, and block units within Appendix F of its May 31, 2013 regulations. This correction updates the initial appropriate minimum block sizes for various asset classes, including interest rate swaps, credit swaps, foreign exchange swaps, and other commodity swaps. The corrected tables, effective July 30, 2013, establish specific notional thresholds for grouping swaps into separate categories under the Dodd-Frank Act.
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