On January 9, the U.S. Court of Appeals for the Sixth Circuit held that the forward currency transactions at issue were “forward contracts” as opposed to “futures contracts” and were not subject to CFTC jurisdiction. The Court noted that the transactions in question were not fungible and standardized and were instead individual agreements with agreed-upon prices, quantity and settlement dates.
Register now for your free, tailored, daily legal newsfeed service.
Questions? Please contact firstname.lastname@example.orgRegister
Foreign currency transactions not ‘futures contracts’
Popular articles from this firm
If you would like to learn how Lexology can drive your content marketing strategy forward, please email email@example.com.
Related topic hubs
Logistics Lawyers Group
"Just a note to tell you how great your newsletter is. I get a few of these and this one is by far the most helpful. Thanks for doing such a great job!"