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RELEASE: pr6500-13

  • January 18, 2013

    CFTC Staff to Host Public Roundtable to Discuss the “Futurization of Swaps”

    Washington, DC — The Commodity Futures Trading Commission (CFTC) today announced that staff will hold a public roundtable on January 31, 2013, from 9:30 a.m. to 3:15 p.m., to discuss the “futurization” of the swaps market. The roundtable will consist of four panels, discussing 1) general industry views and concerns regarding the conversion of swaps to futures in each asset class; 2) clearing and different margin requirements for swaps and futures; 3) transaction-related matters including appropriate block rules for swaps and futures; and 4) the effect of the conversion of swaps to futures on end-users.

    The roundtable will be held in the Conference Center at the CFTC's headquarters at Three Lafayette Centre, 1155 21st Street, N.W., Washington, DC. The discussion will be open to the public with seating on a first-come, first-served basis. Members of the public may also listen by telephone and should be prepared to provide their first name, last name and affiliation.

    Listening Information: The CFTC has made available the following options to access the meeting:

    Call in to a toll-free telephone line to connect to a live audio feed.

    Call-in participants should be prepared to provide their first name, last name, and affiliation. Conference call information is listed below:

    Domestic Toll Free:

    1-866-844-9416

    International Toll Numbers:

    Listed under Related Links

    Conference Passcode:

    CFTC

    A transcript of the public roundtable discussion will be published on the CFTC’s website at: www.cftc.gov

    Members of the public wishing to submit their views on the topics to be addressed at the roundtable may do so prior to the conclusion of the roundtable via:

    • Paper submission to Melissa Jurgens, Secretary, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street, N.W., Washington, DC 20581; or
    • Electronic submission by visiting http://comments.cftc.gov and following the instructions for submitting comments through the CFTC’s website.

    All submissions provided to the CFTC in any electronic form or on paper may be published on the Commission’s website, without review and without removal of personally identifying information.

    Agenda for the Public Roundtable Discussion:

    9:30 a.m.

    Introduction

    9:50 a.m.

    Panel One: General industry views and concerns regarding the futurization of swaps in each asset class.

    11:15 a.m.

    Panel Two: Clearing and different margin requirements for swaps and futures.

    12:00 p.m.

    Lunch Break

    1:00 p.m.

    Panel Three: Transaction-related matters including appropriate block rules for swaps and futures.

    2:15 p.m.

    Intermission

    2:20 p.m.

    Panel Four: The effect of the conversion of swaps to futures on end-users.

    3:15 p.m.

    Roundtable concludes

    Last Updated: January 29, 2013