The Commodity Futures Trading Commission has requested public comment on the application by the International Derivatives Clearinghouse, LLC (IDC) for registration as a derivatives clearing organization. IDC proposes to clear both interest rate swap futures contracts to be listed on the Philadelphia Board of Trade (PBOT), as well as certain over-the-counter interest rate swap transactions submitted through PBOT to IDC for clearing. Such over-the-counter contracts would be replaced by the corresponding PBOT listed swap futures contract.

The comment period for the IDC application closes on October 17.