CFTC Expands Access To Derivatives Clearinghouses

Law360, New York (October 18, 2011, 3:09 PM EDT) -- U.S. derivatives regulators on Tuesday approved a rule requiring swaps clearinghouses to allow companies with at least $50 million in capital to access trading systems for standardized derivatives contracts, dramatically expanding market participation.

By a 3-2 vote, the U.S. Commodity Futures Trading Commission approved the rule, which also requires clearinghouses to have plans to liquidate positions in interest-rate swaps and other credit derivatives within five days,  and in swaps based on agriculture, energy and other physical commodities within one day. It was one of three votes...
To view the full article, register now.