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...
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