External Meetings: Meeting with Credit Suisse regarding uncleared margin
Visitors presented a list of concerns regarding the rule on margin requirements on uncleared swaps. Discussed were the cost of applying the requirements to inter-affiliate swaps, concerns with custody arrangements, application to novation of legacy swaps, internal model approval, theoretical calculation of margin for exempt counterparties and timing of posting of collateral.
When
Rulemaking(s)
V. Capital & Margin,
CFTC Staff
Jonathan Marcus, Paul Schlichting, Carlene Kim, Francis Kuo, Lihong McPhail, Stephen Kane, Rafael Martinez
Visitor(s)
Gautam Gujral (CS), Maggie M. Gage (CS), Edward Tsai (CS)
Organization(s)
Credit Suisse (CS)