United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2012_register executive 2012-12-13 article Part II Rules and Regulations D09002ee1c7fc13c6 D09002ee1c7fc15bb United States Commodity Futures Trading Commission originator org United States Government Agency or Subagency The Commodity Futures Trading Commission (Commission or CFTC) is adopting regulations to establish a clearing requirement under new section 2(h)(1)(A) of the Commodity Exchange Act (CEA or Act), enacted under Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The regulations require that certain classes of credit default swaps (CDS) and interest rate swaps, described herein, be cleared by a derivatives clearing organization (DCO) registered with the Commission. The Commission also is adopting regulations to prevent evasion of the clearing requirement and related provisions. 77 FR 74284 https://www.govinfo.gov/app/details/FR-2012-12-13/2012-29211 2012-29211 fr13de12-7 RIN 3038-AD86 6351-01-P https://www.govinfo.gov/app/details/FR-2012-12-13/2012-29211 https://www.govinfo.gov/content/pkg/FR-2012-12-13/html/2012-29211.htm https://www.govinfo.gov/content/pkg/FR-2012-12-13/pdf/2012-29211.pdf Business and Industry Reporting Requirements Swaps Clearing 56 p. 74284 74339 77 FR 74284 Title 17 Part 39 17 CFR Part 39 Title 17 Part 50 17 CFR Part 50 RIN 3038-AD86 Clearing Requirement Determination Under Section 2(h) of the CEA; Federal Register Vol. 77, Issue RULE 2012-29211 II COMMODITY FUTURES TRADING COMMISSION 2013-02-11 6351-01-P 2012-29211 Final rule.

The Commodity Futures Trading Commission (Commission or CFTC) is adopting regulations to establish a clearing requirement under new section 2(h)(1)(A) of the Commodity Exchange Act (CEA or Act), enacted under Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The regulations require that certain classes of credit default swaps (CDS) and interest rate swaps, described herein, be cleared by a derivatives clearing organization (DCO) registered with the Commission. The Commission also is adopting regulations to prevent evasion of the clearing requirement and related provisions.

The rules will become effective February 11, 2013. Specific compliance dates are discussed in the supplementary information. Sarah E. Josephson, Deputy Director, 202-418-5684, sjosephson@cftc.gov; Brian O'Keefe, Associate Director, 202-418-5658, bokeefe@cftc.gov; or Erik Remmler, Associate Director, 202-418-7630, eremmler@cftc.gov, Division of Clearing and Risk, Camden Nunery, Economist, 202-418-5723, cnunery@cftc.gov, Office of the Chief Economist, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581. Business and Industry Reporting Requirements Swaps Clearing Clearing Requirement Determinations , bokeefe@cftc.gov cnunery@cftc.gov eremmler@cftc.gov sjosephson@cftc.gov http://apeaweb.org/confer/bei08/papers/blp.pdf http://bettingthebusiness.com/2012/01/22/phantom-costs-to-the-swap-dealer-designation-and-otc-reform/ http://bettingthebusiness.com/2012/03/19/nera-doubles-down/ http://comments.cftc.gov/PublicComments/CommentList.aspx?id=1252 http://comments.cftc.gov/PublicComments/ViewComment.aspx?id=50037 http://comments.cftc.gov/PublicComments/ViewComment.aspx?id=57015 http://comments.cftc.gov/PublicComments/ViewComment.aspx?id=58076 http://comments.cftc.gov/PublicComments/ViewComment.aspx?id=58077 http://occ.treas.gov/topics/capital-markets/financial-markets/trading/derivatives/dq212.pdf http://sirt.cftc.gov/sirt/sirt.aspx?Topic=ClearingOrganizationProducts http://www.bankofengland.co.uk/publications/Documents/fsr/fs_paper14.pdf http://www.bis.org/bcbs/basel3/b3summarytable.pdf http://www.bis.org/publ/otc_hy1111.pdf http://www.bis.org/statistics/derstats.htm http://www.bis.org/statistics/otcder/dt1920a.pdf http://www.bis.org/statistics/otcder/dt21.pdf http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aaog3i4yUopo&refer=us http://www.cftc.gov/IndustryOversight/IndustryFilings/index.htm http://www.cftc.gov/stellent/groups/public/@requestsandactions/documents/ifdocs/icecleareurope4dfrequest.pdf http://www.cftc.gov/stellent/groups/public/@rulesandproducts/documents/ifdocs/iceclearcredit100411public.pdf http://www.cftc.gov/stellent/groups/public/@rulesandproducts/documents/ifdocs/rul091312iclreu001.pdf http://www.cftc.gov/stellent/groups/public/@rulesandproducts/documents/ifdocs/rul092812icc001.pdf http://www.cftc.gov/stellent/groups/public/@rulesandproducts/documents/ifdocs/rul112511icecc001.pdf http://www.cmegroup.com/clearing/cme-clearing-overview/safeguards.html http://www.cmegroup.com/market-regulation/rule-filings.html http://www.cmegroup.com/trading/cds/files/CDS-Fees.pdf http://www.cmegroup.com/trading/interest-rates/cleared-otc/index.html#data http://www.cmegroup.com/trading/interest-rates/files/CME-IRS-Customer-Fee.pdf http://www.cmegroup.com/trading/interest-rates/files/CME-IRS-Self-Clearing-Fee.pdf http://www.esma.europa.eu/system/files/2012-95.pdf http://www.financialstabilityboard.org/publications/r_101025.pdf http://www.financialstabilityboard.org/publications/r_120615.pdf http://www.fpml.org/ http://www.ftc.gov/os/2000/04/ftcdojguidelines.pdf http://www.g20.utoronto.ca/analysis/commitments-09-pittsburgh.html http://www.gpo.gov/fdsys/pkg/GPO-FCIC/pdf/GPO-FCIC.pdf http://www.isda.org/c_and_a/pdf/ISDA-Margin-Survey-2009.pdf http://www.justice.gov/atr/public/guidelines/hmg-2010.pdf http://www.lchclearnet.com/swaps/swapclear_for_clearing_members/fees.asp http://www.lchclearnet.com/swaps/volumes/ http://www.newyorkfed.org/newsevents/news/markets/2008/an081031.html http://www.newyorkfed.org/newsevents/news/markets/2009/060209letter.pdf http://www.newyorkfed.org/research/staff_reports/sr424.pdf http://www.newyorkfed.org/research/staff_reports/sr517.pdf http://www.newyorkfed.org/research/staff_reports/sr557.pdf http://www.princeton.edu/∼markus/research/papers/Geneva11.pdf http://www.reuters.com/article/2008/09/18/us-how-aig-fell-apart-idUSMAR85972720080918 http://www.reuters.com/article/2008/10/06/cds-regulation-idUSN0655208920081006 http://www.swapclear.com/why/ http://www.treasury.gov/initiatives/Documents/FinalReport_web.pdf http://www.treasury.gov/press-center/press-releases/Documents/11-16-2012%20FX%20Swaps%20Determination%20pdf.pdf http://www.treasury.gov/resource-center/fin-mkts/Documents/pwgpolicystatemktturmoil_03122008.pdf http://www.trioptima.com/repository/historical-reports.html http://www2.isda.org/functional-areas/research/surveys/margin-surveys/ http://www2.isda.org/identifiers-and-otc-taxonomies/ https://www.iosco.org/library/pubdocs/pdf/IOSCOPD374.pdf https://www.theice.com/clear_credit.jhtml https://www.theice.com/publicdocs/clear_credit/circulars/ICEClearCredit%20Fee%20Schedule%20Notice_FINAL.pdf https://www.theice.com/publicdocs/regulatory_filings/ICEClearCredit_022212.pdf www.dtcc.com www.markit.com Vol. 77, no. 240 Office of the Federal Register, National Archives and Records Administration 2012-12-13 continuing daily deposited born digital 247 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2012-12-13 P0b002ee18395874c 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr13de12 https://www.govinfo.gov/app/details/FR-2012-12-13 https://www.govinfo.gov/content/pkg/FR-2012-12-13/pdf/FR-2012-12-13.pdf https://www.govinfo.gov/content/pkg/FR-2012-12-13/xml/FR-2012-12-13.xml fdlp 74103 74339 DGPO 2012-12-13 2024-06-03 FR-2012-12-13 machine generated eng FR FR-2012-12-13 77 240