Clearing Requirement

In 2012, the Commission issued final rules to implement the clearing requirement determination under section 723 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

The final rules require certain classes of credit default swaps and interest rate swaps to be cleared by DCOs registered with the Commission.

In 2016, the Commission issued a notice of proposed rulemaking that would require additional interest rate swaps to be cleared by DCOs registered with the Commission.

Additional information is listed below.

Related Federal Register Releases

Final Rule: 78 FR 49663 // PDF Version
08/15/2013
17 CFR Part 39
Enhanced Risk Management Standards for Systemically Important Derivatives Clearing Organizations
Effective Date: Tuesday, October 15, 2013

Final Rule: 77 FR 74284 // PDF Version
12/13/2012
17 CFR Parts 39 and 50
Clearing Requirement Determination Under Section 2(h) of the CEA

Proposed Rule: 77 FR 47169 // PDF Version
8/7/2012
17 CFR Part 50
Clearing Requirement Determination Under Section 2(h) of the CEA

Comment File - Closing Date: September 6, 2012

Final Rule: 77 FR 44441 // PDF Version
7/30/2012
17 CFR Part 50
Swap Transaction Compliance and Implementation Schedule: Clearing Requirement under Section 2(h) of the CEA

Proposed Rule: 76 FR 58186 // PDF Version
9/20/2011
17 CFR Parts 37, 38, and 39
Swap Transaction Compliance and Implementation Schedule: Clearing and Trade Execution Requirements under Section 2(h) of the CEA

Additional Information

CFTC's Press Release 7457-16

Statement of Chairman Timothy Massad on Expanded Interest Rate Swap Clearing Requirement Determination and Final Rulemaking

Question and Answer: Requirement Determination under Section 2(h) of the CEA for Interest Rate Swaps

CFTC's Press Release 7387-16

Questions and Answers: Clearing Requirement Determination under Section 2(h) of the CEA (Final Rule)

Statement of Support: Clearing Determination for Certain Credit Default Swaps and Interest Rate Swaps

Q&A: Clearing Requirement Determination under Section 2(h) of the CEA

CFTC's Press Release 6311-12

Statement of Support of Chairman Gary Gensler on Proposed Clearing Requirement Determination

Statement of Concurrence by Commissioner Scott D. O'Malia Regarding the Proposed Clearing Requirement Determination under Section 2(h) of the Commodity Exchange Act