Cftc Mat Rule

Last week the cftc certified certain interest rate and credit default swaps in usd eur and gbp currencies to be mat.

Cftc mat rule. 7b 3 sefs were created by the addition of section 5h of the act by section 733 of the dodd frank wall street reform and consumer protection act dodd frank act for the trading and processing of swaps. Organization filing description products affected official receipt date status date remarks associated documents. Swap execution facilities sefs are trading facilities that operate under the regulatory oversight of the cftc pursuant to section 5h of the commodity exchange act the act 7 u s c. In which 20 or more traders hold positions equal to or above the reporting levels established by the cftc.

These trades would have to meet the following criteria in order to be considered mat. Commodity pool operators and commodity trading advisors 5. 1 standard coupon refers to the then current fixed coupon rates for market agreed coupon mac contracts. Cftc regulation 40 11 prohibits event contracts that reference terrorism assassination war gaming or an activity that is unlawful under any state or federal law or that involves relates to or references an activity that is similar to any of those activities and that the cftc determines by rule or regulation to be contrary to the public.

Off exchange foreign currency transactions 7. Cftc headquarters three lafayette centre 1155 21st street nw washington dc 20581 202 418 5000. Rules of practice. A new initiative to accelerate cftc engagement with responsible fintech innovation and make the cftc more accessible to innovators.

Commitments of traders a breakdown of each tuesday s open interest for markets. Registered entity rules altered or supplemented by the commission 8 reserved 9. Made available to trade determinations for certain interest rate and credit default swap contracts. Law regulation commodity exchange act regulations the laws authorizing cftc s activities and the regulations issued by cftc to carry out those activities as well as related rulemaking enforcement and adjudicatory references.

Please refer to the mat submissions located on the commission s website that provide the full list of the swaps made available to trade including the swap terms. The authors understand the current mat rules which require a swap to be liquid before it is deemed available to trade to be a result of the cftc s restrictions on execution methods.