The Securities and Exchange Commission and Commodity Futures Trading Commission staffs will hold a public roundtable on October 22 from 9 a.m. to noon to discuss issues related to the clearing of credit default swaps.

The roundtable is intended to assist both agencies in the rulemaking process to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Major agenda items are as follows:

Session on Products and Processing:

  • Characteristics of credit derivatives, including corporate index and single name CDS and other credit derivatives.
  • Standardization, eligibility for clearing, and pricing issues.
  • Operational issues, including credit event processing.
  • Reporting to trade repositories.

Session on Clearing Initiatives

  • Current products offered for clearing.
  • Prospective products offered for clearing.
  • Risk management practices, including access to price information, clearing member default management, and management of jump-to-default risk.
  • Effect of clearing mandates.