For Commodities Swaps Dealers, Agenda Moves from Definitions to Reporting
Last week the Commodity Futures Trading Commission (CFTC) delivered its long-awaited definitional clarification defining a "swaps dealer" as a firm trading above $8 billion swaps or option-to-swaps (swaptions) contracts in notional value, where initially the number had been set rather drastically lower at only $100 million, according to WatersTechnology's sister publication Energy Risk.
While the ruling brought a collective sigh of relief across the industry, particularly among energy firms
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