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FIA comments on SEC’s proposed order permitting portfolio margining of cleared swaps and security-based swaps

11 December 2020

FIA filed comments supporting the Securities and Exchange Commission’s proposed order granting conditional exemptions for the portfolio margining of cleared swaps and security-based swaps that are credit default swaps (CDS). FIA also suggested refinements to the existing portfolio margining framework for cleared CDS to reduce operational expenses and achieve further alignment of the SEC and CFTC regulatory regimes for CDS products.

FIA will continue to work with the SEC and CFTC to help ensure the maintenance and development of robust cleared CDS markets.

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