CFTC close to setting out DCO exempt pathway for foreign CCPs

Hot on the heels of HKEx becoming the latest CCP to be granted no-action relief to service US bank branches, the CFTC is edging towards a new set of rules for foreign CCPs not seeking a full DCO licence


The Commodity Futures Trading Commission (CFTC) is close to finalising a derivatives clearing organisation (DCO) exempt route for foreign clearing houses, which will broaden the avenues available for clearing, according to legal sources.

In Asia, Singapore Exchange is so far the only central counterparty (CCP) to achieve status as a DCO, which allows it to fully service all US persons that wish to clear over-the-counter trades at SGX. The CFTC also has powers under the Commodity Exchange Act to

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 or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a 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