Sentences with phrase «of swap dealers»

In his third year of law school, Park received the J.B. and Maurice C. Shapiro Public Service Fellowship for his outstanding government service, and served as a legal intern in the Division of Swap Dealer and Intermediary Oversight at the CFTC.

Not exact matches

That is because the CFTC rules, created as part of the 2010 Dodd - Frank financial reform law, allow banks to calculate capital needs using their own proprietary models but force non-bank swaps dealers to use standardized models.

Of the 84 registered swap dealers, less than a quarter are non-bank entities.

May 23, 2012: Commodity Futures Trading Commission and Securities and Exchange Commission, «Further Definition of «Swap Dealer,» «Security - Based Swap Dealer,» «Major Swap Participant,» «Major Security - Based Swap Participant» and «Eligible Contract Participant»»

[32] Statement of Commissioner Scott O'Malia, CFTC Final Rule, «Swap Dealer and Major Swap Participant Recordkeeping, Reporting, and Duties Rules; Futures Commission Merchant and Introducing Broker Conflicts of Interest Rules; and Chief Compliance Officer Rules for Swap Dealers, Major Swap Participants, and Futures Commission Merchants,» Federal Register, Vol.

[18] «Commodity Futures Trading Commission: Swap Dealer and Major Swap Participant Recordkeeping, Reporting, and Duties Rules; Futures Commission Merchant and Introducing Broker Conflicts of Interest Rules; and Chief Compliance Officer Rules for Swap Dealers, Major Swap Participants, and Futures Commission Merchants,» Federal Register, Vol.

For example, if Bitcoin is not a currency, then Bitcoin forwards and Bitcoin swaps that involve the exchange of Bitcoin for another currency will not fall under the statutory definitions of the more lightly regulated foreign exchange forwards or foreign exchange swaps.10 Likewise, retail trading of Bitcoin derivatives will be limited to designated contract markets, rather than subject to the retail foreign exchange dealer regulations.11 Treating Bitcoin as a commodity that is not a currency dovetails with the stances taken by other U.S. regulators such as the Financial Crimes Enforcement Network (FinCEN)(virtual currency does not have all of the attributes of real currency) 12, the Securities and Exchange Commission (Bitcoin investments are investment contracts because Bitcoin is a form of money) 13 and the Internal Revenue Service (treating Bitcoin as property for tax purposes).14

There's been an abundance of commentary on the net long position of the «Swap Dealers» in Comex silver futures per the COT report.

As of the latest COT report, the Swap Dealers are net long almost 22k silver contracts.

As the global financial system struggles to work its way out of the crisis and regulators in the US and Europe begin the painstaking process of derivatives reform, prime brokers, dealers and other derivatives providers find themselves staring across a dramatically altered market for options, futures, swaps and structured and more - exotic products.

Gary Gensler, chairman of the US Commodity Futures Trading Comission, said: «Bright lights of transparency will shine, dealers will come under comprehensive regulation, and standardized swaps between financial entities shortly will be centrally cleared.

According to the SEC's order, Morgan Stanley had its affiliate, Morgan Stanley Equity Financing, serve as a customer of its U.S. broker - dealer, a relationship that allowed the affiliate to use margin loans from the U.S. broker - dealer to finance the costs of hedging swap trades with customers.

The margin loans lowered the borrowing costs incurred to hedge these swap trades and reduced the U.S. broker - dealer's customer reserve account deposit requirements by tens to hundreds of millions of dollars per day.

In order to have a unique product not available at other dealers, Yenko special - ordered a handful of Camaros from 1967 - 1968 with heavy - duty suspension, and swapped in the L - 72 427 cubic - inch V - 8 at his dealership.

However, as those customers «on the list» with their Porsche dealer tend to swap out of their outgoing RSs just ahead of the new model's arrival, this is largely academic.

Dealer Don Flow had tried to come up with a way to let customers swap vehicles frequently; the advent of vehicle subscription services now makes it possible — and profitable for him.

Backing away Balance of payments Balance of trade Balance sheet BAN Bankers» acceptances Basis Basis book Basis points Bearer Bear market Bear Spreads Best - efforts underwriting Beta Bid price Blanket fidelity bond Block trade Blue Chip Stocks Blue List Blue List Total Blue Skying Blue Sky Laws Board Broker Bond Bond Anticipation Note Bond Buyer Bond Index Bond Swap Book entry Book value BP option Branch office Breadth of the Market Breakeven Point Breakpoint Breakpoint sale Broker Broker / Dealer Broker's broker Bull market Bull spread Bunching Business cycle Buyer's option Buying power Buy stop

2See Performance of Certain Functions by the National Futures Association Related to Notices of Swap Valuation Disputes Filed by Swap Dealers and Major Swap Participants, 81 Fed.

Subtitle E: Additional Market Assurance -(Sec. 351) Amends the Commodity Exchange Act to: (1) require energy derivatives to be traded on a CFTC - regulated exchange unless CFTC issues an exemption; (2) require CFTC to fix limits, with respect to energy transactions, on the aggregate number of positions which may be held by any person for each month across all markets subject to the CFTC's jurisdiction; (3) require CFTC to convene a Position Limit Energy Advisory Group to give CFTC recommendations on such position limits; (4) give CFTC exclusive authority to grant exemptions for bona fide hedging transactions and positions from position limits imposed on energy transactions; (5) revise provisions concerning bona fide hedging transactions; and (6) require CFTC to issue a rule defining and classifying index traders and swap dealers for the purposes of data reporting requirements and setting routine detailed reporting requirements for any position of such entities in contracts traded on designated contract markets, over-the-counter markets, derivatives transaction execution facilities, foreign boards of trade, and electronic trading facilities with respect to significant price discovery contracts.