March 23, 2012
CFTC Seeks Public Comment on Request from NYPC for Order Permitting Cross Margining for Market Professionals
Washington, DC – The Commodity Futures Trading Commission (Commission) is requesting public comment on a petition submitted by New York Portfolio Clearing, LLC (NYPC), a registered derivatives clearing organization, for an order pursuant to Section 4d(a)(2) of the Commodity Exchange Act (Act). The petition requests an order that would permit NYPC to expand its existing one-pot cross-margining program with Fixed Income Clearing Corporation (FICC) to include positions and related money, securities and property held by NYPC clearing members and clearing members of FICC’s Government Securities Division for participating “market professionals.”
Comments regarding the request should be submitted on or before April 23, 2012.
Comments may be submitted electronically through the Commission’s Comments Online process. All comments will be posted on the Commission’s website.
Last Updated: March 23, 2012