Voitrax and their government relations consulting firm, Winning Strategies Washington, discussed technology issues related to the proposed amendment to Regulation 1.35, Records of Commodity Interest and Related Cash or Forward Transactions.

Discussion of various issues regarding margin requirements for uncleared swaps (see attachment).

Discussion of (1) exemption for trading of uncleared swaps between affiliates from initial margin requirements; and (2) impact of the Liquidity Coverage Ratio on the business of clearing OTC swaps.

Discussion of exemption from margin requirements for uncleared swaps for financial entities operating under government mandate and with explicit government guarantee.

Participants discussed proposed amendment to Regulation 1.35, Records of Commodity Interest and Related Cash or Forward Transactions.

Participants discussed proposed margin requirements for uncleared swaps for swap dealers and major swap participants.

Participants discussed proposed margin requirements for uncleared swaps for swap dealers and major swap participants.

Participants discussed proposed margin requirements for uncleared swaps for swap dealers and major swap participants.

Participants discussed proposed margin requirements for uncleared swaps for swap dealers and major swap participants.

PEGCC discussed its February 10, 2014 comment letter  on Aggregation of Positions, including recommendations for: a notice filing process for an aggregation exemption, including the frequency and timing of such notices; and fund (owner) certification in lieu of board member certification.