External Meetings: Meeting with BlackRock

When:

4/2/2012 2:00 PM

Rulemaking(s):

VIII. Process for Review of Swaps

CFTC Staff:

Gary Gensler

Sarah Josephson

Brian O'Keefe

Phyllis Cela

Visitor(s):

Richie Prager

Supurna VedBrat

Organization(s):

BlackRock

Issues discussed: client clearing experience and insight with onboarding; indemnity requirements of DCOs and FCMs; know-your-customer requirements for cleared swaps; responsibility for maintaining credit limits and use of central hub to provide real-time credit checks; documentation for ERISA plans and Department of Labor exemption; compression of clearing client trades; and possible new classes of membership for self-clearing.