Topic
Swaps
164 published works
Corporate & Financial Weekly Digest
CFTC Extends No-Action Relief for DCMs and SEFs Pertaining to Clerical and Operation Errors in Swaps Trades
By Sarah R. Adams, Kevin M. Foley
On June 10, the Commodity Futures Trading Commission’s Division of Market Oversight and Division of Clearing and Risk issued No-Action Letter No. 16-58 granting designated contract markets (DCMs) and swap…
Corporate & Financial Weekly Digest
SEC Adopts Trade Acknowledgement and Verification Rules for Security-Based Swaps
By Ross Pazzol, Guy C. Dempsey Jr., Stanley V. Polit
On June 8, the Securities and Exchange Commission announced the adoption of the Securities Exchange Act of 1934 (Exchange Act) Rules 15Fi-1 and 15Fi-2, which establish new trade acknowledgement and…
Corporate & Financial Weekly Digest
CFTC Proposes Additional Interest Rate Swaps for Clearing Requirement
The Commodity Futures Trading Commission is proposing to add certain interest rate swaps in nine new currencies to the list of interest rate swaps and related products that are currently…
Corporate & Financial Weekly Digest
CFTC Designates NFA as SDR Data Recipient
By Kevin M. Foley, James M. Brady
The Commodity Futures Trading Commission has issued an order authorizing National Futures Association (NFA) as a designee of the CFTC for purposes of receiving direct electronic access to swap data…
Corporate & Financial Weekly Digest
CFTC Reminds SDs and MSPs of Swap Reporting Obligations
By Kevin M. Foley, James M. Brady
The Division of Swap Dealer and Intermediary Oversight of the Commodity Futures Trading Commission has issued an advisory to remind swap dealers (SDs) and major swap participants (MSPs) of their…
Corporate and Securities Law
CFTC Adopts Final Margin Rules for Uncleared Swaps
Derivatives & Repo Report
A Marginally Important Day: FDIC’s Board Approves Joint Final Rule on Margin for Uncleared Swaps and Finalizes Relief for End-Users
By Perkins Coie
Earlier today, the Board of Directors (the "Board") of the Federal Deposit Insurance Corporation (FDIC) approved a final rule to establish margin requirements on non-cleared swaps and security-based swaps (collectively,…
Corporate & Financial Weekly Digest
US Withholding Tax on Dividend Equivalent Payments Under Swaps
The US Department of the Treasury has issued regulations with respect to withholding on “dividend equivalent” payments made to a non-US long party on swaps and other financial instruments that…
Banking, Finance and Securities
The economic function of Swap derivatives – recent case law
Under Italian contract law, a contract must be directed to the realisation of interests deserving protection according to the law; that is, a contract must have a social and economic…
Banking, Finance and Securities
CFTC Brings First Action Against a SEF – For Facilitating Non-Competitive Bitcoin Swaps
On September 24, 2015 the CFTC issued an Order settling an enforcement action against TeraExchange, a provisionally registered swap execution facility (SEF). According to the Order, TeraExchange failed to enforce…