Further Product Definitions

Further Definition of "Swap," "Security-Based Swap," "Security Based Swap Agreement," and Mixed Swaps.

The Commission has issued proposed rules to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act, and is seeking input on these rules from the public.

A list of proposed rules for this topic, along with other related Federal Register notices, is provided below. Members of the public are encouraged to review proposed rules, and offer comment by clicking the associated "Comment File" link.

How to submit a comment

Additional information regarding Joint Rules with SEC, such as "Swap," "Security-Based Swap," "Security-Based Agreement," and Mixed Swaps including factsheets for each proposed rule, and details of meetings held between CFTC staff and outside parties.

Related Federal Register Releases

Final Rule: 77 FR 48207 // PDF Version
8/13/2012
Commodity Futures Trading Commission 17 CFR Part 1 Securities and Exchange Commission 17 CFR Parts 230, 240 and 241
Further Definition of ``Swap,'' ``Security-Based Swap,'' and ``Security-Based Swap Agreement''; Mixed Swaps; Security-Based Swap Agreement Recordkeeping
Effective Date: Friday, October 12, 2012

Proposed Rule: 76 FR 29818 // PDF Version
5/23/2011
Commodity Futures Trading Commission 17 CFR Part 1 Securities and Exchange Commission 17 CFR Part 240 Further Definition of "Swap,'' "Security-Based Swap,'' and "Security-Based Swap Agreement''; Mixed Swaps; Security-Based Swap Agreement Recordkeeping
Comment File - Closing Date: 7/22/2011

----See Also----
     76 FR 32880 // PDF Version
     6/7/2011
     Correction: Commodity Futures Trading Commission 17 CFR Part 1 Securities and Exchange Commission 17 CFR Part 240 Further Definition of "Swap,'' "Security-Based Swap,'' and "Security-Based Swap Agreement''; Mixed Swaps; Security-Based Swap Agreement Recordkeeping

Advance Notice of Proposed Rulemaking: 75 FR 51429 // PDF Version
8/20/2010
Commodity Futures Trading Commission 17 CFR Part 1 Securities and Exchange Commission 17 CFR Part 240 Definitions Contained in Title VII of Dodd-Frank Wall Street Reform and Consumer Protection Act
Comment File – Closing Date: 9/20/2010

Additional Information

Fact Sheet: Final Rules and Interpretations i) Further Defining “Swap,” “Security-Based Swap,” and “Security-Based Swap Agreement”; ii) Regarding “Mixed Swaps”; and iii) Governing Books and Records for “Security-Based Swap Agreements”
Questions and Answers: Final Rules and Interpretations i) Further Defining “Swap,” “Security-Based Swap,” and “Security-Based Swap Agreement”; ii) Regarding “Mixed Swaps”; and iii) Governing Books and Records for “Security-Based Swap Agreements

Fact Sheet: Proposed Rules and Interpretive Guidance on Product Definitions
Q&A: Proposed Rules and Interpretive Guidance on Product Definitions

Event: Open Meeting on Fourteenth Series of Proposed Rules under the Dodd-Frank Act

Date
SUBMISSION
10/18/2012
boc excerpt_1937 PDF Image
From External Meeting on 10/18/2012
 
10/18/2012
wspp_1937 PDF Image
From External Meeting on 10/18/2012
 
03/09/2012
EIB DFA Presentation_1675 PDF Image
From External Meeting on 3/9/2012
 
12/01/2011
SBS Followup_1169 PDF Image
From External Meeting on 12/1/2011
 
10/18/2011
Transcript: Open Meeting to Consider Final Rule on Further Definition of the Term "Swap," Final Rule on the End User Exception to Clearing, and Proposed Rule to Exempt From Clearing Certain Swaps by Cooperatives PDF Image
CFTC
 
10/05/2011
NRU CFC Comments_1084 PDF Image
From External Meeting on 10/5/2011
 
08/01/2011
Transcript: Public Roundtable to Discuss International Issues Relating to the Implementation of Title VII of the Dodd-Frank Act PDF Image
From External Meeting on 8/1/2011
 
07/18/2011
EBRD Letter PDF Image
EBRD, From External Meeting on 7/18/2011
 
06/22/2011
BG Group Meeting with CFTC Staff PDF Image
BG Group, From External Meeting on 6/22/2011
 
06/03/2011
Transcript: Joint CFTC-SEC Staff Roundtable Discussion on Proposed Dealer and Major Swap Participant Definitions Under Dodd-Frank Act PDF Image
CFTC
 
04/27/2011
Transcript: Open Meeting on the Fourteenth Series of Proposed Rulemakings Under the Dodd-Frank Act PDF Image
CFTC
 
02/17/2011
Syndicated Loan Market_535 PDF Image
Loan Syndications and Trading Association, From External Meeting on 2/17/2011
 
12/17/2010
Assured Guaranty Comments on Dodd-Frank Act PDF Image
Chow, Ling
 
11/29/2010
Letter to CFTC and SEC PDF Image
SIFMA
 
11/24/2010
Re: Pre-Rulemaking Position Limit Comments PDF Image
SIFMA
 
11/24/2010
Re: Definitions / File Number $7-16-10 PDF Image
SIFMA
 
11/24/2010
Considerations for Dodd-Frank implementation PDF Image
John Gallo
 
11/15/2010
Meeting with the CFTC on the Implementation of the Dodd-Frank Act PDF Image
Peabody Energy
 
11/12/2010
Response to CFTC Inquiry Whether A.M. Best Ratings Consider Leverage PDF Image
ACLI
 
11/12/2010
Clarifying the Status of Insurance Products Under the Definition of ?Swap? in title VII of Dodd-Frank Wall Street Reform and Consumer Protection Act PDF Image
ACLI
 
11/09/2010
681 Uniform 2010 Schedule DB, Part A, B and D PDF Image
National Association of Insurance Commissioners
 
11/09/2010
Instruct Life PDF Image
National Association of Insurance Commissioners
 
11/09/2010
Annual 2010 Investments Pages PDF Image
National Association of Insurance Commissioners
 
11/09/2010
Forecast Life Charts PDF Image
National Association of Insurance Commissioners
 
11/09/2010
Statement of Statutory Accounting Principles No. 60 PDF Image
National Association of Insurance Commissioners
 
11/09/2010
617 Uniform 2010 Schedule DB, Verification and Part C PDF Image
National Association of Insurance Commissioners
 
11/09/2010
Statement of Statutory Accounting Principles No. 86 PDF Image
National Association of Insurance Commissioners
 
11/09/2010
Annual 2010 Summary Investments Pages PDF Image
National Association of Insurance Commissioners
 
11/09/2010
Following-up to September 29, 2010, Meeting with SEC and CFTC Staff PDF Image
National Association of Insurance Commissioners
 
11/08/2010
ACLI Position on Key Terms in Title VII of the Dodd-Frank Act PDF Image
American Council of Life Insurers
 
11/08/2010
ACLI Statement for Nov 8 2010 CFTC Visit (3)_293 PDF Image
ACLI, From External Meeting on 11/8/2010
 
10/22/2010
Credit Default Swaps PDF Image
CFTC
 
10/08/2010
CLS Statistics on Foreign Exchange Activity PDF Image
CLS Bank
 
10/08/2010
October 8 CLS Meeting_160 PDF Image
CLS Group, From External Meeting on 10/8/2010
 
09/23/2010
Joint Rules with SEC - Swap Definitions PDF Image
The Trend Exchange
 
09/01/2010
Argus Oil Market Regulation Summit 2010 PDF Image
Argus
 
09/01/2010
dmb argus_72 PDF Image
Argus Oil Market Regulation Summit 2010
 
08/03/2010
Title VII Rulemakings PDF Image
SEC/CFTC and ISDA/SIFMA
 
04/05/2010
Use of Derivatives and Basis for Exclusion from the Dodd-Frank Act PDF Image
The World Bank