The CFTC recently announced that it will hold a meeting on November 3rd at 10:30 a.m. Eastern to discuss the following issues relating to end-users:

1) Clarification as to when an agreement, contract or transaction with embedded volumetric optionality falls within the forward contract exclusion from the definition of a swap;

2) Conforming the application of the CFTC’s recordkeeping requirements under CFTC Rule 1.35(a) to commodity interests and related cash or forward transactions with no-action relief previously provided by the Division of Swap Dealer and Intermediary Oversight (presumably in CFTC Letter 14-72)

3) The relationship between when end-users will be required to post collateral and changes to timing issues related to what is known as the “residual interest deadline” that applies to futures commission merchants (FCMs). 
Continue Reading CFTC End-User Meeting To Be Held November 3rd at 10:30 a.m. Eastern

ISDA recently published the results of a survey that it conducted to identify key issues and trends for the buy-side, derivatives end-user community.  The results are fascinating and, we blelieve, accurately reflect the experiences of many market participants and professionals that are involved in the over-the-counter (OTC) derivatives markets.  The following is a brief summary