Sef rules expected to catch swap packages from mid-May

Simpler structures will have existing CFTC safe harbour removed first, Sefs expect

CFTC headquarters

Packaged swap transactions including curve trades and swap spreads will likely be forced onto trading platforms from May 15, swap execution facility (Sef) operators have predicted, with the Commodity Futures Trading Commission (CFTC) not expected to extend a temporary safe harbour protecting the less complex of these products from the Sef-trading mandate.

Speaking during a panel discussion at the annual conference of the Futures Industry Association in Florida, Sef representatives predicted reli

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