Regulatory Alerts2018-11-26 | 2018-25602Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants
The Commodity Futures Trading Commission adopted amendments to its margin requirements for uncleared swaps for swap dealers and major swap participants without a prudential regulator. These changes align the CFTC Margin Rule with recent Qualified Financial Contract rules by ensuring that master netting agreements are not excluded from eligibility solely due to compliance with those new restrictions. Additionally, the amendments clarify that legacy uncleared swaps amended solely to comply with the Qualified Financial Contract rules will not become subject to the margin requirements.
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