CFTC allows grace period for variation margin

摘要

The US Commodity Futures Trading Commission has agreed to allow arnsix-month grace period for swap dealers to come into compliance withrnnew variation margin requirements for uncleared swaps that were setrnto apply March 1.rnThe commission Monday issued a so-called "no-action letter"rnstating that its Division of Swap Dealer and Intermediary Oversight willrnnot recommend enforcement action against swap dealers for a failurernto comply from March 1 until September 1.