Requests for Comment

Available-to-trade determinations. The CFTC requested comment on a certification from Bloomberg SEF LLC to implement available-to-trade determinations for certain interest rate and credit default swap contracts. Comments should be submitted by January 8, 2014. (12/9/2013) CFTC press release.

Other Developments

No-Action relief for certain non-US swap dealers. The CFTC’s Division of Swap Dealer and Intermediary Oversight, Division of Clearing and Risk, and the Division of Market Oversight provided time limited relief to swap dealers registered with the CFTC that are established under the laws of jurisdictions other than the United States from certain transaction-level requirements under the Commodity Exchange Act when entering into swaps with a certain category of non-US counterparties. (11/26/2013)CFTC Letter No. 13-71.

Weekly swaps reports. The CFTC has begun publication of a weekly swaps report that will provide a detailed view of the swaps marketplace. The first report covers the interest rate and credit asset classes and provides three views of the swaps market: the gross notional outstanding value, the weekly transactions measured by dollar volume, and the weekly transactions measured by ticket volume. For each asset class, the report provides detailed breakdowns of the swaps market by product type, currency (six major currencies), tenor, participant type, and whether swaps are cleared or uncleared. (11/20/2013) CFTC press release.