Derivatives Clearing Organizations Regulation - Comment Letter - Newedge - February 11, 2011
|Final Rule Issue||Effective Date||Compliance Date|
|October 18, 2011||January 9, 2012||May 7, 2012|
Derivative Clearing Organization Definitions, Procedures and Core Principles
February 11, 2011
Newedge stresses the importance of implementing full portfolio margining to US markets and market participants, suggesting this will (among other things) "induce market participants to 'buy into' the centralized clearing of OTC derivatives that Dodd-Frank has mandated, and thereby allow the Agencies to better effectuate Congressional intent." Newedge goes on to emphasize "voluntary buying in, is always better than mandating."