For Release: March 24, 2009
CFTC Grants Exemption to Chicago Mercantile Exchange to Clear Certain Agricultural Swap Contracts
Also Permits Related Customer Positions and Funds to be Held in Customer Segregated Accounts
Washington, DC – On March 18, 2009, the Commodity Futures Trading Commission issued an Order permitting the Chicago Mercantile Exchange to clear certain bilateral over-the-counter swap transactions involving corn, wheat, and soybeans. The Order was issued pursuant to authority set forth in Section 4(c) of the Commodity Exchange Act (CEA).
The Order also permits these cleared swap contracts and associated customer funds to be held in accounts segregated for the benefit of customers pursuant to Section 4d of the CEA.
R. David Gary
Last Updated: March 24, 2009