Comment Text:
Meeting with NGX
Tuesday, June 21, 2011
Memo from Jacob Preiserowicz
Meeting Participants:
NGX:
Peter Krenkel
Cheryl Graden
Paul Architzel (WilmerHale)
CFTC:
Ananda Radhakrishnan
Sarah Josephson
Phyllis Dietz
Eileen Donovan
Lois Gregory
John Kean
Jonathan Lave
Alicia Lewis
Julie Mohr
Anne Polaski
Jacob Preiserowicz
Additional info:
Participants discussed the proposed rules on DCO financial resources, information management, general requirements, governance, conflicts of interest, risk management, and straight-through processing. The participants discussed the following specific issues, which were also addressed in NGX comment letters: composition of governing boards, use of letters of credit for a guaranty fund and as collateral, daily reporting, settlement banks, fee disclosure, and effective dates.
