Participants discussed MarketAxess's comment letter regarding the product definition, and in particular the grace period for listed swaps on security indexes.

CFTC Data Collection vis-a-vis SEC form PF

Topics: block trades, SEF transaction data, data ownership and public dissemination

Topics discussed: Importance of bilateral margin for both initial and variation margin, use of margin models approved by prudential authorities, time needed to establish third-party custodian accounts, timing of margin collection, expanding the types of acceptable collateral to include agency paper and agency-issued mortgage pools, revising initial margin calculation methodologies, and the limitation on thresholds to those entities that are regulated for capital purposes is too narrow.

The parties discussed entity definitions, DCM and DCO core principles, capital and margin and position limits.

CFTC staff received a letter on business conduct standards from the office of Senator Carl Levin, Chairman, Permanent Subcommittee on Investigations.

Discussion regarding the application of the swap dealer and major swap participant definitions to commercial end-users of swaps

Participants discussed the FX Forward and FX Swap definitions in the CEA.  SIFMA Global FX requests clarification that FX spot transactions do not fall within the FX forward definition.

The CFTC received the attached letter from CFA/AFR.

Mr.