eligible treasury affiliates

CFTC No-Action Relief

On June 4, the CFTC issued a no-action letter providing relief from the clearing requirement for swaps entered into by eligible treasury affiliates.  An eligible treasury affiliate electing the relief described in the no-action letter must report certain information to a registered swap data repository or the CFTC; however, the election is not required to be reported until September 9, 2013.  CFTC ReleaseNo-Action Letter.