Tag: daily_settlements
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CFTC Staff Issues No-Action Letter on Trust Companies for Daily Settlements
The CFTC's Division of Clearing and Risk has issued a no-action letter on whether derivatives clearing organizations may use trust companies to conduct daily settlements with clearing members.
BusinessPolitics and GovernmentFinancial MarketsBankingFederal GovernmentLegal Commodity Futures Trading CommissionDivision of Clearing and Riskderivatives clearing organizationstrust companiesdaily settlementsclearing membersno-action letter