A Derivatives Clearing Organization (DCO) is an entity or system whereby the credit of the clearing organization is substituted for the credit of the parties to a transaction. The purpose of these entities is... more +
A Derivatives Clearing Organization (DCO) is an entity or system whereby the credit of the clearing organization is substituted for the credit of the parties to a transaction. The purpose of these entities is to mutualize or transfer credit risk among participants to a transaction. The term derivatives clearing organization was defined under the Commodity Futures Modernization Act of 2000.
Customer Segregation: Keep It Separate
On August 27, 2012, the Commodity Futures Trading Commission (the “CFTC”) unanimously approved final rules (the “Final Rules”) that establish requirements for the (i) documenting of swap trading relationships between swap...more
TABLE OF CONTENTS
I. Who Does the Dodd-Frank Act Impact? ...1
A. Major Swap Participants...1
1. Category 1: Substantial Position in Swap Categories ...1
2. Category 2: Substantial Counterparty Exposure...more
•General Overview of the Dodd-Frank Act
•Title VII of the Dodd Frank Act: Impact on OTC Derivatives and Energy Trading
•Definitions and applicability
On July 21, Congress enacted the Dodd-Frank Wall Street Reform and Consumer Protection Act, significantly impacting how many Texas energy companies operate on a day-to-day basis. While the act makes a number of important...more
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