WebCOMMODITY FUTURES TRADING COMMISSION 17 CFR Part 39 RIN 3038–AD10 End-User Exception to the Clearing Requirement for Swaps AGENCY: Commodity … WebJan 23, 2024 · In CFTC Letter 19-28, the CFTC’s Division of Risk and Clearing (“DRC”) provides no-action relief in relation to the CFTC’s mandatory clearing requirements. First, it provides relief to market participants that have relied on one of the exceptions to mandatory clearing available to certain end users or cooperatives.
Navigating Key Dodd-Frank Rules Affecting Swaps End Users
WebJul 2, 2013 · Section 2(h)(7)(A) of the CEA provides a so-called “end-user” exception whereby the clearing requirement does not apply if one of the counterparties to the swap is not a “financial entity,” is using swaps to hedge commercial risk, and notifies the CFTC how such counterparty generally meets its financial obligations with respect to non ... WebAug 23, 2014 · The end-user exception (i) allows an end-user of a swap that would otherwise be subject to the Clearing Mandate to be excused from the Clearing … hwy 25 crash
Key Dodd-Frank Derivatives Issues for End Users - Davis Polk …
WebEnd-Users availing themselves of the Commercial End- User Exception will be required to post initial and variation margin, as determined by the applicable clearinghouse, together … WebNov 17, 2024 · A so-called “end-user exception” allows parties to claim exemption from the clearing mandate and continue executing uncleared swaps with their dealer counterparties if one of them: Is not a financial entity Is using the swap to hedge or mitigate commercial risk Provides certain information to the CFTC, including how it generally meets its ... Web§ 50.50 Non-financial end-user exception to the clearing requirement. ( a) Non-financial entities. ( 1) A counterparty to a swap may elect the exception to the clearing … hwy 267 road conditions