Insights & Publications
Diversity & Inclusion
© 2021 Debevoise & Plimpton LLP
CFTC Extends Temporary No-Action Relief for Swaps Between Eligible Affiliate Counterparties
12 November 2014
View Client Update
The Division of Clearing and Risk of the CFTC has issued a time-limited no-action letter extending for another year its existing no-action relief from the “Outward-Facing Swaps Condition” of the “Inter-Affiliate Exemption” from clearing, thereby allowing “Eligible Affiliate Counterparties” to continue to comply with certain temporary alternative compliance frameworks in lieu of complying with the Outward-Facing Swaps Condition.
The Division of Market Oversight of the CFTC has issued a time-limited no-action letter extending for another year its existing no-action relief from the “trade execution requirement” for swaps between Eligible Affiliate Counterparties.
The relief in both letters expires on December 31, 2015.
Structured Finance & Derivatives
Emilie T. Hsu
UK Modern Slavery Act Transparency Statement
Debevoise Login (2)
Debevoise Women's Review