On December 23, the Commodity Futures Trading Commission announced that the Chicago Mercantile Exchange Inc. (CME) has certified plans to clear certain credit default swaps (CDS) through its registered derivatives clearing organization (DCO) clearinghouse. CME has certified that its clearing services will comply with the DCO Core Principles in Section 5b(c)(2) of the Commodity Exchange Act and Part 39 of the CFTC’s regulations. The CFTC’s decision not to object to CME’s certification was also supported by the staff of the Board of Governors of the Federal Reserve System.  

http://www.cftc.gov/newsroom/generalpressreleases/2008/pr5592-08.html