June 30, 2015 BY Andrew Saks-McLeod
CFTC issues proposed rule on cross-border margin
Should the proposed rule be implemented, U.S. covered swap entities would be required to comply with the Commission’s margin rules for all uncleared swaps but would be eligible for substituted compliance with respect to margin that they post (but not that they collect) for swaps with certain non-U.S. counterparties
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