1:00 p.m.

Opening Statements by CFTC and SEC Staff

1:15 p.m. – 3:00 p.m.

Panel One: Margin

• Margin methodologies and margin requirements for uncleared swaps (including initial and variation margin).

• Portfolio margining.

• Margin and end-users.

• Requirements for form and location of collateral including issues related to portfolio margining.

• Legacy swap agreements, such as pre-existing swaps and security-based swaps.

3:00 p.m. – 3:15 p.m.

Break

3:15 p.m. – 5:00 p.m.

Panel Two: Capital

• Establishing capital requirements for jointly registered entities, including broker-dealers, futures commission merchants, swap dealers, security-based swap dealers, major swap participants, and major security-based swap participants.

• Non-financial firms registered as swap entities.

• Methods for computing regulatory capital, including models (proprietary and standardized) and standard haircuts.

• Capital requirements for legacy swap positions.

• Capital requirements for major swap participants and major security-based swap participants.

5:00 p.m.

Roundtable concludes