Meeting Date:
Monday, April 2, 2012
CFTC Staff:
Gary Gensler
Sarah Josephson
Brian O'Keefe
Phyllis Cela
Organization(s):
BlackRock
External Attendees:
Richie Prager
Supurna VedBrat
Additional Information:
Issues discussed: client clearing experience and insight with onboarding; indemnity requirements of DCOs and FCMs; know-your-customer requirements for cleared swaps; responsibility for maintaining credit limits and use of central hub to provide real-time credit checks; documentation for ERISA plans and Department of Labor exemption; compression of clearing client trades; and possible new classes of membership for self-clearing.
