Wholly owned treasury affiliates of non-financial companies entering into hedging transactions for non-financial affiliates were granted further relief by the Commodity Futures Trading Commission’s Division of Clearing and Risk from the requirement that certain swaps mandatorily be cleared. Generally, this relief relaxed some of the conditions mandated by the staff’s original relief in June 4, 2013. Reporting counterparties to non-cleared swaps with treasury affiliates taking advantage of this relief have an obligation to report certain enumerated information to a registered swap data repository, or if none is available, to the CFTC in connection with each relevant swap.