July 19, 2011
FINRA Issues Release on Margin Requirements for Credit Default Swaps
FINRA Rule 4240 established an interim pilot program (the Interim Pilot Program) with respect to margin requirements for certain transactions in credit default swaps (CDS). A recent FINRA Notice addresses FINRA approval of margin methodologies used by clearing agencies or derivatives clearing organizations for purposes of Rule 4240. FINRA has extended the Interim Pilot Program to January 17, 2012.
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