Agenda for Joint SEC-CFTC Roundtable to Discuss Issues Related to Capital and Margin for Swaps and Security-Based Swaps
Three Lafayette Centre
1155 21st Street, NW
Washington, DC 20581

December 10, 2010

1:00 p.m.

Opening Statements by CFTC and SEC Staff

1:15 p.m. – 3:00 p.m.

Panel One: Margin


• Margin methodologies and margin requirements for uncleared swaps (including initial and variation margin).

• Portfolio margining.

• Margin and end-users.

• Requirements for form and location of collateral including issues related to portfolio margining.

• Legacy swap agreements, such as pre-existing swaps and security-based swaps.

    3:00 p.m. – 3:15 p.m.


    3:15 p.m. – 5:00 p.m.

    Panel Two: Capital


    • Establishing capital requirements for jointly registered entities, including broker-dealers, futures commission merchants, swap dealers, security-based swap dealers, major swap participants, and major security-based swap participants.

    • Non-financial firms registered as swap entities.

    • Methods for computing regulatory capital, including models (proprietary and standardized) and standard haircuts.

    • Capital requirements for legacy swap positions.

    • Capital requirements for major swap participants and major security-based swap participants.

      5:00 p.m.

      Roundtable concludes


      Last Updated: December 6, 2010