CFTC Releases Swap Margin Proposal
On April 14, 2011, the CFTC released its proposed rules governing margin requirements for uncleared swaps entered into by non-bank swap entities. This newsflash provides an update to our earlier memorandum, that summarized margin rules proposed on April 12, 2011 by the U.S. banking regulators and compared those rules to what was known about the CFTC proposal at that time.
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