CFTC approves LCH for portfolio margining of swaps and security-based swaps in a cleared swaps customer account

The Commodity Futures Trading Commission announced today that it has issued an order granting a request made by Banque Centrale de Compensation, doing business as LCH SA, a CFTC-registered derivatives clearing organization (DCO), under Section 4d(f) of the Commodity Exchange Act (CEA).

The order establishes terms and conditions under which LCH SA and its clearing members that are dually registered as futures commission merchants and broker-dealers may (1) hold credit default swaps (CDS) and security-based CDS in a cleared swaps customer account subject to Section 4d(f) of the CEA; and (2) portfolio margin such CDS and security-based CDS held in the cleared swaps customer account.

Related Posts

Previous Post
ISLA Publishes Master Confirmation Annex
Next Post
Analysis of the BNYM/Euroclear paper “Bridging the Collateral Divide”

Fill out this field
Fill out this field
Please enter a valid email address.


Reset password

Create an account