CFTC’s Office of the Chief Economist Issues Report on Initial Margin Phase 5

 

On October 31, the Office of the Chief Economist of the Commodity Futures Trading Commission (“CFTC“) issued a report about uncleared margin rules, which goes into effect on September 1, 2020. On such date, swap market participants with between $8 and $750 billion of swaps notional amounts must begin to post and collect initial margin on all trades that have at least one swap-dealer counterparty. Release.