CFTC Staff Addresses Use of Trust Companies for Daily Settlements in No-Action Letter 26-30
The Commodity Futures Trading Commission (CFTC) announced on November 5 that its Division of Clearing and Risk has issued a no-action letter addressing whether derivatives clearing organizations may use trust companies to conduct daily settlements with clearing members.
The letter is CFTC Staff Letter No. 26-30. The CFTC has posted the full text of the letter on its website for clearing organizations and market participants.
A no-action letter is a staff-level position document through which CFTC staff set out their view on how a specific business arrangement relates to the Commission's existing rules.
(Source: Commodity Futures Trading Commission)
Source: Commodity Futures Trading Commission
Published by GSM · USA (original Chinese edition)
Photo: 图：位于华盛顿的美国商品期货交易委员会总部入口（Three Lafayette Centre）。Dclemens1971 摄，CC BY 4.0，经 Wikimedia Commons（GSM 联邦固定图库）。 / Photo: Entrance of the CFTC headquarters at Three Lafayette Centre in Washington, D.C. Photo by Dclemens1971, CC BY 4.0, via Wikimedia Commons (GSM federal fixed library).
