CMC in the News

CMC Final Letter Submissions

CMC asked the CFTC to postpone an Oct. 12 start date for tallying swaps trades towards the key “dealer” threshold, asking for more clarity on the rules and time to build up compliance regimes.  To read the letter, click here.

CMC, American Petroleum Institute, Edison Electric Institute, Electric Power Supply Association, Independent Petroleum Association of America and the Natural Gas Supply Association submitted coalition comments on September 20th Notional Amount Calculation Methodology.  To read the letter, click here.

Coalition for Derivatives End-Users comment letter on an Extended Comment Period for “Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants”.  To read the letter, click here.

CMC in the News

USDA sets new release time for big agricultural reports – Reuters

  • It was backed by CME Group Inc, the operator of the giant Chicago futures exchanges, the trade group Commodity Markets Council, and an array of major US

USDA to Change Crop Report Release Time to Noon EDT in 2013 – Fox Business

  • Some large industry groups, including CME, the Commodity Markets Council and grain-industry associations, requested the agency move the report times to 11

Swap dealing non-banks to CFTC: Give us more time – Reuters

  • The Commodity Markets Council asked the regulator to postpone an Oct. 12 start date for tallying swaps trades towards the key “dealer” threshold,

Agricultural and Energy Firms Press CFTC for Swap Dealer Delay – Bloomberg

  • A Washington-based lobbying group representing agricultural and energy firms is pressing the U.S. Commodity Futures Trading Commission to…

Reporting Petition Discussed on CMC Policy Call

Yesterday on CMC’s policy call, Dave McIndoe from the Sutherland law firm discussed the petition that CMC had filed (via Sutherland) on reporting of positions that are over the CFTC’s position limits. Among the items discussed were the substance of the petition, a debrief on a meeting with Commissioner Chilton on the topic, and advocacy strategy moving forward.

Delta Strategy Group and Hume Brophy Regulatory Webinar, Tuesday, Sept. 18

On Tuesday, September 18, Delta Strategy Group of Washington, DC and Hume Brophy of Brussels will host a one-hour webinar comparing US and European derivatives implementation. Discussion topics include registration, reporting requirements and exemptions for OTC derivatives under Dodd-Frank and EMIR.

Electronic Recording Requirements Discussed on CMC Policy Call

Yesterday on CMC’s member-only weekly call, CMC staff and our consultants at the Delta Strategy Group apprised members of the latest developments on the CFTC’s electronic recording rule. Possible rulemaking timelines, CFTC Commissioners’ perspectives, and advocacy strategy on this vitally important topic were discussed.