The U.S. Commodity Futures Trading Commission, CFTC, has issued a press release in which it announces the approval of a so-called made-available-to-trade (MAT) determination for several classes of overnight index swaps. This determination subjects affected securities to swap execution requirements on a swap execution facility (SEF) or designated contract market (DCM), preventing any such swaps from being traded bilaterally between counterparties. The affected instruments are listed in the table below. The execution requirement will come into force on August 5, 2023.
Table 1 – Oversight of Overnight Index Swap Classes (OIS) for which trade execution requirements will apply from August 5, 2023
Other Features
counterparty
interest rate
securities
standard
swap
trading
Date Published: 2023-07-07
Date Taking Effect: 2023-08-05
Regulatory Framework: Commodity Exchange Act
Regulatory Type: procedure
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