We use cookies to customise content for your subscription and for analytics.
If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.
Lexology logo
  Request new password

Search results

Order by most recent / most popular / relevance

Results: 1-1 of 1

CFTC proposes to amend bankruptcy rules to establish cleared OTC derivatives as a separate account class

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • August 14 2009

The Commodity Futures Trading Commission has proposed to amend its Bankruptcy Rules, 17 CFR Part 190, to establish cleared over-the-counter derivatives as a separate account class for the purpose of calculating "net equity" and "allowed net equity" for each customer in the event of the bankruptcy of a futures commission merchant