United States:
CFTC Issues Interpretive Letter Clarifying Eligibility For End-User Exception To The Clearing Requirement
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On May 4, CFTC Division of Clearing and Risk
published a letter clarifying that a securitization SPV
that is wholly-owned by, and consolidated with, a captive finance
company under Section 2(h)(7)(C)(iii) of the Commodity
Exchange Act (CEA) is also eligible for the end-user
exception to a clearing requirement under
Section 2(h)(1)(A) of the CEA. Press Release. Staff Letter.
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