Tag: margin on uncleared swaps

Initial Margin Phase 5: Report from CFTC’s Office of the Chief Economist

On October 31st, the CFTC’s Office of the Chief Economist (the “OCE”) issued a report about “Phase 5” of the uncleared margin rules (“UMR”) that are slated to go into effect on September 1, 2020.  The purpose of the report was “to guide regulators in their responses to industry requests for relief” from the scheduled … Continue Reading

CFTC Chairman Massad Outlines Proposal for Margin on Uncleared Swaps in Cross-Border Scenarios

By Andrew P. Cross and Shawn R. Durrani In a speech before the FIA International Derivatives Conference earlier this week, CFTC Chairman Timothy G. Massad outlined a proposal for dealing with the issue of margin on uncleared swaps in situations where one of the counterparties (or perhaps one or both of their guarantors or parent companies) are … Continue Reading
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