Agricultural Swaps Regulation - Comment Letter - CME Group - March 29, 2011
|Final Rule-Swaps||Effective Date - Swaps||Effective Date-Options|
|August 10, 2011||December 31, 2011||June 26, 2012|
Commodity Options and Agricultural Swaps
March 29, 2011
From the comment letter:
"We agree with the commission's assessment that subjecting agricultural swaps to Dodd-Frank's regulatory regime would be consistent with the public interest. Permitting agricultural swaps to transact under the same terms and conditions of other swaps will provide greater certainty and stability to the agricultural swaps market and will advance many of Dodd-Frank's goals, including increased pre-trade price transparency, and the reduction of systemic risk through the use of central party clearinghouses. Applying the same rules to agricultural swaps as to all other types of swaps will also ensure that only appropriate persons enter into agricultural swaps."