Meeting Date:
Wednesday, December 12, 2012
CFTC Staff:
Riva Adriance
Steve Sherrod
David Pepper
Hannah Ropp
Lee-Ken Choo
Lee Ann Duffy
Mark Fajfar
Eric Juzenas
Dave Kass
Organization(s):
Futures Industry Association (FIA)
Barclays Capital
Morgan Stanley
Citi
Credit Suisse
Vitol
Cadwalader
External Attendees:
Barbara Wierzynski (Futures Industry Association)
Alexandra Guest (Barclays Capital)
William McCoy (Morgan Stanley)
Bob Klein (Citi)
Sebastian Tiger (Credit Suisse)
Ron Oppenheimer (Vitol)
Paul Pantano (Cadwalader)
Neal Kumar (Cadwalader)
Additional Information:
The meeting discussed points made in FIA's comment letter on the aggregation rule proposal for position limits, including in light of the court decision on the position limits rule. The meeting also discussed the treatment of certain transactions, such as basis swaps, under the bona fide hedging rules.