Participants discussed the CFTC's proposed rulemaking on margin for uncleared swaps (79 FR 59898), including regulation of margin for swaps between inter-affiliates.

Parties discussed anticipatory hedging.

We discussed ICE Futures U.S.'s estimates of deliverable supply for certain agricultural commodities.

Commenter presented a suggestion for margin requirements for uncleared swaps between wholly-owned affiliates

CFTC staff heard GS's comments on the inter-affiliate application of proposed margin requirements on uncleared swaps.

Visitors presented a list of concerns regarding the rule on margin requirements on uncleared swaps. Discussed were the cost of applying the requirements to inter-affiliate swaps, concerns with custody arrangements, application to novation of legacy swaps, internal model approval, theoretical calculation of margin for exempt counterparties and timing of posting of collateral.

Participants discussed 79 FR 59898 - uncleared margin

We discussed CME Group's estimates of deliverable supply for certain agricultural commodities.

We discussed CME Group's estimates of deliverable supply for metals.

We discussed the CME Group's estimates of deliverable supply in energy commodities.