On October 28th, the SEC approved the Chicago Mercantile Exchange's proposed expansion of its ability to clear credit default swap ("CDS") contracts referencing broad-based securities indices by permitting CME to clear CDS contracts referencing the Markit CDX North American High Yield Index Series 11, 12, 13, 14, 15, 16 and 17, in each case solely with respect to contracts referencing the applicable index with an original tenor of five years. SEC Release No. 34-65655.