External Meetings: Meeting w/National Gas Exchange

When:

9/1/2011 1:30 PM

Rulemaking(s):

V. Capital & Margin

VIII. Process for Review of Swaps

CFTC Staff:

Scott O'Malia

Visitor(s):

Tom Kloet (TMX Group)

Peter Krenkel (Natural Gas Exchange)

Cheryl Graden (Natural Gas Exchange)

Paul Architzel

Organization(s):

TMX Group

Natural Gas Exchange

Participants discussed the process moving forward on determining mandatory swaps, issues related to characterizing NGX instruments that will need to be addressed as the rules are implemented and the effect of the proposed prohibition on using letters of credit as initial margin for cleared swaps.