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Post by bot on Dec 31, 2013 17:53:07 GMT -5
Time-Limited No-Action Relief Relating to Certain CDS Clearing-Related Swaps Executed Pursuant to a CDS Settlement Price Process 12/31/2013 03:43 PM EST The U.S. Commodity Futures Trading Commission’s (Commission) Division of Market Oversight (Division) today issued a no-action letter providing time-limited relief relating to certain occasional, off-facility, cleared credit default swaps (CDSs) that are entered into pursuant to a DCO’s rules related to its price submission process for determining end-of-day settlement prices for cleared CDSs (for the purposes of this relief, this settlement price process is referred to as the “CDS Settlement Price Process,” and the swaps associated with this process are referred to as “Clearing-Related Swaps”). www.cftc.gov/PressRoom/PressReleases/pr6814-13.html
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