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RELEASE: pr5591-08

  • Release: 5591-08-08
    For Release: December 22, 2008

    CFTC Registers International Derivatives Clearinghouse, LLC as a Derivatives Clearing Organization

    Washington, DC – Today, the Commodity Futures Trading Commission issued an Order granting International Derivatives Clearinghouse, LLC (IDC) registration as a derivatives clearing organization (DCO) pursuant to Section 5b of the Commodity Exchange Act. IDC is a Delaware limited liability company that intends to clear and settle interest rate derivative contracts.

    As a registered DCO, IDC is authorized to clear futures contracts, options on futures contracts, commodity options, and over-the-counter derivative contracts where interest rates and/or currencies constitute the underlying commodity or reference.

    Media Contact
    R. David Gary

    Last Updated: December 22, 2008