April 1, 2010
By Sarah N. Lynch, Of DOW JONES NEWSWIRES
WASHINGTON -(Dow Jones)- The U.S. Commodity Futures Trading Commission Wednesday approved a final rule that seeks to better protect customers' over- the-counter derivatives positions and collateral in the event their futures broker goes bankrupt.
The rule will create a separate new "account class" for over-the-counter derivatives, many of which may be routed into clearinghouses if the financial overhaul bill is approved by Congress this year.
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Last Updated: February 25, 2011