The CFTC issued an Order granting permission for LCH.Clearnet Limited ("LCH"), a registered derivatives clearing organization ("DCO"), and its clearing members to (i) commingle positions in futures, foreign futures, and cleared swaps in a cleared swaps customer account subject to CEA Section 4d(f), and (ii) portfolio margin such futures and cleared swaps. Under the Order, all such positions and customer property will be accounted for, and treated as belonging to the cleared swaps customers of LCH's participating futures commission merchant clearing members.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.