Plan exempts producers from OTC margins

摘要

Washington-Energy producers and consumers using derivatives as hedges will not have to post cash collateral for those hedges under new legislation the Obama administration sent to Congress on August 11. "We provided room for non-financial firms engaged in hedging to not have to margin those hedges," Assistant Treasury Secretary for Financial Institutions Michael Barr said at a news conference in Washington. "Margining will be focused on dealers [and] swaps participants," although "end-users with significant open positions" might be required to post margins.