Regulatory Alerts2020-11-05 | 2020-23928Portfolio Margining of Uncleared Swaps and Non-Cleared Security-Based Swaps
The Commodity Futures Trading Commission and the Securities and Exchange Commission issued a joint request for comment on potential methods to implement portfolio margining for uncleared swaps and non-cleared security-based swaps. The agencies seek to explore harmonization opportunities to improve margin calculation efficiencies and reduce collateral requirements while addressing differences in their respective capital, segregation, and custody rules. Public comments regarding these regulatory proposals are due by December 7, 2020.
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