• CFTC Certifies First “Available to Trade” Designation: Certain Interest Rate Swaps Must be Executed on a SEF or DCM Beginning on February 15, 2014
  • January 17, 2014
  • Law Firm: Sutherland Asbill Brennan LLP - Washington Office
  • As market participants are aware, certain swaps that are subject to mandatory clearing must be executed on a registered swap execution facility (SEF) or a designated contract market (DCM) (i.e., an exchange) once a swap is designated as “available to trade.” Commodity Futures Trading Commission (CFTC) regulations set forth a detailed process for swaps to be designated as available to trade.