Meeting Date:
Friday, March 6, 2015
CFTC Staff:
John Lawton, Francis Kuo, Paul Schlichting, Stephen Kane, David Aron, Rafael Martinez
Organization(s):
Investment Company Institute (ICI)
External Attendees:
William Thum (Vanguard)
Predrag Rogic (T.Rowe Price)
Jennifer S. Choi (ICI)
Sarah A. Bessin (ICI)
Additional Information:
Participants discussed the proposed margin rule for uncleared swaps. The particular issues were: cash-only variation margin; segregation of variation margin; custodian choice for excess margin; aggregation rules (definition of affiliate); implementation timeline; international harmonization and substituted compliance; and definition of eligible master netting agreement.
