CME to clear certain OTC agricultural swaps

CFTC grants CME permission to clear OTC corn basis swaps and corn, wheat, and soybean calendar swaps. It will also allow CME and FCMs clearing through CME to commingle positions in those cleared-only OTC swaps and associated funds with positions and funds otherwise required to be held in customer segregated accounts.

About The Author

Felix Shipkevich

Felix Shipkevich is a Manhattan-based attorney and general counsel for Shipkevich Law Firm. He has extensive experience working with the CFTC and NFA on registration, compliance, and enforcement issues for CPOs, CTAs, FCMs, IBs, and RFEDs. Felix also practices intellectual property and corporate governance law.