PRODUCERS INTENT ON SORTING DEALERS FROM TRADERS IN IMPLEMENTING “SWAP DEALER” DEFINITION

摘要

The Natural Gas Supply Association (NGSA) and the National Corn Growers Association (NCGA) are worried that the practical effect of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) could be mandatory clearing for many commercial end users like their members. In their opinion, imposing a clearing requirement on commercial end users “does not further the goal of ensuring financial system integrity and, instead, centralizes risk that would have otherwise been diversified, increasing systemic risk and unnecessarily removing productive capital from the economy.”