Swaps Clearinghouses Win Collateral Delay

CFTC gives CME, other clearinghouses, two more months to implement collateral rules.

CME Group Inc., Intercontinental Exchange Inc. and other swaps clearinghouses will have an extra two months to implement new collateral rules required by the main U.S. derivatives regulator under the Dodd-Frank Act.

The U.S. Commodity Futures Trading Commission delayed rules governing margin to Jan. 14 from Nov. 8 to give the industry more time to resolve technology problems, Ananda Radhakrishnan, director of the division of clearing and risk, said today in a letter to clearinghouses. Clearinghouses sought an extension from the CFTC in a letter on Oct. 30.

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