April 11, 2013

CFTC Vacates Kansas City Board of Trade Clearing Corporation’s Registration as a Derivatives Clearing Organization

Washington, DC – At the request of the Kansas City Board of Trade Clearing Corporation (KCBTCC), the Commodity Futures Trading Commission (Commission) has issued an Order, pursuant to Section 7 of the Commodity Exchange Act, vacating the registration of KCBTCC as a derivatives clearing organization, to be effective on the later of April 16, 2013, or one day after the successful transfer of open interest to the Chicago Mercantile Exchange Inc. (CME).

KCBTCC, together with CME, also requested the transfer to CME of the 4d Order originally issued to KCBTCC that permits the commingling of customer funds used to margin, guarantee, or secure cleared-only wheat swaps with other customer funds held in a segregated customer account. The Commission issued an amended 4d Order to CME on April 9, 2013.

The Order of Vacation and 4d Order are available on the CFTC’s website (see Related Links).

Last Updated: April 11, 2013