Cftc Mat Rule

Cftc headquarters three lafayette centre 1155 21st street nw washington dc 20581 202 418 5000.

Cftc mat rule.

Commitments of traders a breakdown of each tuesday s open interest for markets. Made available to trade determinations for certain interest rate and credit default swap 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. Commodity pool operators and commodity trading advisors 5.

We focus however on the first set of mat certifications for us dollar based trades. Rules relating to review of exchange disciplinary access denial or other adverse actions 10. 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. 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.

These trades would have to meet the following criteria in order to be considered mat. Off exchange foreign currency transactions 7. 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. Registered entity rules altered or supplemented by the commission 8 reserved 9.

Rules of practice. Organization filing description products affected official receipt date status date remarks associated documents. 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. 1 standard coupon refers to the then current fixed coupon rates for market agreed coupon mac contracts.

Last week the cftc certified certain interest rate and credit default swaps in usd eur and gbp currencies to be mat. They argue that eliminating prescriptive execution requirements would permit market participants to use an execution method appropriate for their particular.