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  • April 1, 2010

    CFTC Approves Bankruptcy Protections For Cleared OTC Trades

    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