Monday, July 16, 2012

CFTC Finalizes Swaps "End-User" Exemption

Author: David Schwartz J.D. CPA
On July 11, the CFTC approved its much awaited final rule implementing the end-user exception from mandatory clearing of swaps. The new ruleslay out parameters of the end-user exception by (1) defining the term “hedging or mitigating commercial risk” and (2) establishing certain reporting requirements for end-users electing to make use of the end-user exception.  In addition, these new rules finalize the definition of "swaps" and trigger compliance requirements under several major CFTC swap market regulations.
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