CFTC Announces the Start of Mandatory Clearing

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On March 11, the CFTC announced that swap dealers, major swap participants, and private funds active in the swaps market are required to begin clearing certain index credit default swaps and interest rate swaps that they entered into on or after March 11. The clearing requirement applies to newly executed swaps and changes in the ownership of a swap. CFTC Release.


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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