The Division of Clearing and Risk (Division) of the Commodity Futures Trading Commission (CFTC) today issued a no-action letter providing eligible treasury affiliates that enter into swaps that are subject to the clearing requirement in section 2(h)(1) of the Commodity Exchange Act (CEA) and part 50 of the CFTC’s regulations, with relief from the clearing requirement, subject to certain conditions and requirements.
Details via press release: http://www.cftc.gov/PressRoom/PressReleases/pr6598-13
