CFTC frees amended legacy swaps from margin net

US no-action relief for compression-triggered replacement trades spurs hope for EU alignment

dollars escape cage - web - Getty.jpg
US derivatives regulator takes steps to ensure legacy swaps are not caught

The US derivatives regulator has taken steps to ensure legacy swaps are not swept into scope for non-cleared margin rules as a result of certain amendments and lifecycle events, which technically create new instruments that could be subject to costly collateralisation requirements.

The no-action relief issued by the Commodity Futures Trading Commission (CFTC) on June 6 brings the US approach closer in line with accepted interpretation of the treatment of amended legacy instruments under the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: