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1 Inter-Affiliate Swap Clearing Exemption
https://www.sullcrom.com/siteFiles/Publications/SC_Publication_Inter_Affiliate_Swap_Clearing_Exemption.pdf
The Inter-Affiliate Exemption was adopted pursuant to the CFTC's authority under section 4(c)(1) of the CEA to exempt any transaction or class ...
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2 Exemption From the Swap Clearing Requirement for Certain ...
https://www.federalregister.gov/documents/2020/07/22/2020-14390/exemption-from-the-swap-clearing-requirement-for-certain-affiliated-entities-alternative-compliance
The Inter-Affiliate Exemption provides relief from the Commission's Clearing Requirement. The Commission's Trade Execution Requirement is ...
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3 Proposed Rule Regarding an Inter-Affiliate Clearing Exemption
https://www.cftc.gov/sites/default/files/idc/groups/public/@newsroom/documents/file/ia_qa.pdf
The proposed exemption would reduce clearing costs while continuing to promote transparency and sound risk management practices. Who is an eligible affiliate ...
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4 Inter-affiliate Swap Clearing Exemption Further Extended
https://content.next.westlaw.com/3-589-7586?__lrTS=20211026172923824
Eligible affiliates must comply with the OFSC to qualify for the inter-affiliate exemption from clearing. · Swaps between eligible affiliates that are required ...
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5 17 CFR § 50.52 - Affiliated entities exempt from the clearing ...
https://www.law.cornell.edu/cfr/text/17/50.52
Eligible affiliate counterparty status. · Counterparties to a swap may elect not to clear a swap subject to the clearing requirement of section 2(h)(1)(A) of the ...
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6 CFTC Approves Clearing Exemption for Inter-Affiliate Swaps
https://www.jdsupra.com/post/contentViewerEmbed.aspx?fid=a109f49c-dfb7-4026-8fa1-189287fe32cf
On April 1, the Commodity Futures Trading Commission approved a final rule that permits certain affiliates to elect not to clear a swap.
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7 ISDA Request (Inter-affiliate Clearing Exemption Part 50)
https://www.isda.org/2016/10/11/isda-request-inter-affiliate-clearing-exemption-part-50/
ISDA Request (Inter-affiliate Clearing Exemption Part 50) · Related Articles · ISDA fosters safe and efficient derivatives markets to facilitate ...
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8 Inter-Affiliate Exemption Reporting Form - CME Group
https://www.cmegroup.com/market-data/files/inter-affiliate-exemption-reporting-template-form.xls
1, Inter-Affiliate Exemption to the Clearing Requirement Reporting Template. 2, Date: 3, Required Swap-by-Swap Information, Entry: Input Information: ...
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9 CFTC Proposes Codifying Alternative Compliance Framework ...
https://ca.practicallaw.thomsonreuters.com/w-023-3103?transitionType=Default&contextData=(sc.Default)
The 2013 inter-affiliate exemption included two time-limited alternative compliance frameworks, expiring in March 2014, that permitted ...
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10 Rules and Regulations - GovInfo
https://www.govinfo.gov/content/pkg/FR-2021-02-11/pdf/2020-28943.pdf
the affiliates' ability to claim the inter- affiliate clearing exemption under. § 50.52 of the Commission's regulations.
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11 Dodd-Frank Act v. EMIR
https://wp-vip.law.columbia.edu/wp-content/uploads/sites/2/2014/01/dodd-frank-v-emir.pdf
EMIR: Exemptions for inter-affiliate and intragroup transactions. Contents ... an exemption from the clearing obligation for certain inter-affiliate swaps;.
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12 CFTC Adopts Amendment to Inter-Affiliate Clearing Rule
https://www.lexology.com/library/detail.aspx?g=52689400-67f6-4791-8aac-df80d3d45767
The CFTC voted unanimously to adopt amendments to the exception from clearing for swaps between affiliates. The final rule amends CFTC Rule ...
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13 client update - temporary no-action relief for swaps between ...
https://www.debevoise.com/-/media/files/insights/publications/2013/03/temporary-noaction-relief-for-swaps-between-elig__/files/view-client-update/fileattachment/20140310b--temporary-exemptions.pdf
exemption from the mandatory clearing swap requirements for ... For more details on the Inter-Affiliate Exemption, see our client memorandum, “Final.
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14 Regulators Approve Final and Proposed Rules on Uncleared ...
https://www.sidley.com/en/insights/newsupdates/2020/06/regulators-approve-final-and-proposed-rules-on-swaps
... the CFTC adopted final rules relating to post-trade name give-up and inter-affiliate swap clearing and took several actions to advance ...
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15 Coalition Letter in Support of Inter-Affiliate Swap Exemption
https://www.businessroundtable.org/archive/resources/coalition-letter-in-support-of-inter-affiliate-swap-exemption
The regulators have not provided definitive guidance on inter-affiliate transactions to this point. As a result, the Dodd-Frank Act could be misunderstood to ...
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16 Public Companies and the "End-User Exception" for Swaps
https://www.gibsondunn.com/public-companies-and-the-end-user-exception-for-swaps-governance-action-items/
The inter-affiliate exemption is not available because it is limited to internal swaps (between affiliates) and therefore would not extend to ...
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17 CFTC Proposes Clearing Exemption for Inter-Affiliate Swaps
https://www.complianceweek.com/cftc-proposes-clearing-exemption-for-inter-affiliate-swaps/16164.article
The Commodity Futures Trading Commission has issued a proposed rule that would exempt inter-affiliate swaps from mandatory clearing ...
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18 A Corporate End User's Handbook for Dodd Frank Derivatives ...
https://www.shearman.com/-/media/Files/Perspectives/2018/01/A-Corporate-End-Users-Handbook-for-Dodd-Frank-Derivatives-Compliance-FIAFR-01312018.pdf?la=en&hash=49D79937224E0ED518AB56FFC1F902ACC8A40D9E
(d) Inter-Affiliate Exemption. The CFTC has adopted a separate exemption from the mandatory clearing requirement for swaps between certain ...
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19 navigating-key-dodd-frank-rules-related-to-the-use-of-swaps ...
https://www.clearygottlieb.com/~/media/organize-archive/cgsh/files/publication-pdfs/navigating-key-dodd-frank-rules-related-to-the-use-of-swaps-by-end-users-2.pdf
What Are the Criteria for the Inter-Affiliate Exemption from Mandatory Clearing and Trading? • In General. The CFTC has issued rules that ...
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20 H. Rept. 112-344 - TO EXEMPT INTER-AFFILIATE SWAPS ...
https://www.congress.gov/congressional-report/112th-congress/house-report/344/2
Part 2 of House report on TO EXEMPT INTER-AFFILIATE SWAPS FROM CERTAIN REGULATORY REQUIREMENTS PUT IN PLACE BY THE DODD-FRANK WALL STREET REFORM AND ...
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21 Commodity Futures Trading Commission: Clearing Exemption ...
https://www.gao.gov/products/gao-13-587r
The regulations include specific conditions, as well as reporting requirements, that affiliated entities must satisfy in order to elect the inter-affiliate ...
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22 4-4-13 Supporting Statement for Inter-Affiliates - Final.docx
https://omb.report/icr/201307-3038-006/doc/41160101
The Commission will use the data to monitor use of the exemption by eligible affiliate counterparties, to analyze the risk characteristics of uncleared swaps ...
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23 Counter Interest Rate and Credit Default Swap Contracts - FDIC
https://www.fdic.gov/news/financial-institution-letters/2013/fil13025.pdf
Advisory on Mandatory Clearing Requirements for Over-the- ... 2013, unless the end-user exception or inter-affiliate exemption.
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24 Intragroup Margin Exemption Disclosure Under The European ...
https://www.morganstanley.com/assets/pdfs/Intragroup_Margin_Exemption_Disclosure.pdf
clearing threshold set out in Article 10 of EMIR, ... may benefit from an inter-affiliate exemption for the exchange of collateral, provided certain ...
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25 17 CFR Part 50 -- Clearing Requirement and Related Rules
https://www.ecfr.gov/current/title-17/chapter-I/part-50
(a) Swaps entered into by an international financial institution shall be exempt from the clearing requirement of section 2(h)(1)(A) of the Act.
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26 Swaps End-User Update - McGuireWoods
https://www.mcguirewoods.com/client-resources/Alerts/2013/4/Swaps-End-User-Update
The relief does not apply to the reporting requirements under the inter-affiliate exemption from mandatory clearing that the CFTC adopted on ...
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27 Slide 2 - Federal Reserve Bank of New York
https://www.newyorkfed.org/medialibrary/microsites/fxc/files/meetingagenda/Panel%203%20Slides%202.pdf
exemption-related reporting between wholly- or majority-owned affiliates ... No relief if counterparties elect the inter-affiliate clearing exemption, but.
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28 Dodd-Frank Act v. EMIR: Exemptions for inter-affiliate and ...
https://www.cliffordchance.com/briefings/2014/02/dodd-frank_act_vemirexemptionsfo.html
Regulation 50.52 adopted by the U.S. Commodity Futures Trading Commission (CFTC) providing an exemption from the clearing obligation for certain ...
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29 Attention Financial Institutions: CFTC Proposes Inter-Affiliate ...
https://www.reedsmith.com/en/perspectives/2012/08/attention-financial-institutions-cftc-proposes-int
That exception, which is found in CFTC Rule 39.6, includes an exemption for inter-affiliate swaps in the context of non-financial end-users. It ...
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30 CFTC Proposes Inter-Affiliate Clearing Exemption
https://www.dodd-frank.com/2012/08/cftc-proposes-inter-affiliate-clearing-exemption/
The proposed exemption would be limited to swaps between majority-owned affiliates whose financial statements are included in the same ...
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31 H.R. 37 Derivatives Provision May Create Broader Exemption
https://www.everycrsreport.com/reports/IF10057.html
final rule limits the inter-affiliate exemption to cases in ... states that the clearing and exchange-trading requirements
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32 August 21, 2013 - SEC.gov
https://www.sec.gov/comments/s7-02-13/s70213-53.pdf
C. Treatment of Inter-Affiliate SBS Transactions . ... E. Substituted Compliance for Mandatory Clearing Requirements ............... A-51.
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33 Public Companies and the “End-User Exception” for Swaps
https://corpgov.law.harvard.edu/2013/06/29/public-companies-and-the-end-user-exception-for-swaps/
The inter-affiliate exemption is not available because it is limited to internal swaps (between affiliates) and therefore would not extend to ...
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34 Treatment of Inter-affiliate Transactions | SIFMA
https://www.sifma.org/wp-content/uploads/2017/05/sifma-and-isda-submit-comments-to-the-cftc-on-the-treatment-of-inter-affiliate-transactions.pdf
In Section II, we set out the parameters of the exemptions requested. Section III ... Forced clearing of inter-affiliate swaps.
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35 Minority Views on HR 677
https://financialservices.house.gov/UploadedFiles/Minority_Views_HR._677.pdf
HR 677 would exempt swaps between affiliates from the mandatory margin, clearing, execution, capital and certain reporting requirements under Title VII of ...
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36 Swap Margin - Federal Reserve Board
https://www.federalreserve.gov/aboutthefed/boardmeetings/swap-margin-board-memo-20151030.pdf
The draft final rule does not exempt inter-affiliate transactions ... clearing, including non-financial end users that use the swaps to ...
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37 Swap Clearing, Reporting, Recordkeeping and the ISDA ...
https://casetext.com/analysis/swap-clearing-reporting-recordkeeping-and-the-isda-protocols-what-do-you-need-to-know-right-now
The clearing mandate applies to market participants that are not eligible for the commercial end-user clearing exception or the inter-affiliate ...
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38 CFTC Divisions Extend Time-Limited No-Action Relief from ...
http://www.lexissecuritiesmosaic.com/gateway/cftc/general-press-releases/pr7662-17.htm
On April 11, 2013, the CFTC issued a final rule providing an inter-affiliate exemption from required clearing for swaps between certain ...
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39 CFTC Adopts Margin Requirements for Uncleared Swaps
https://www.cadwalader.com/resources/clients-friends-memos/cftc-adopts-margin-requirements-for-uncleared-swaps
... adopting an inter-affiliate exemption from the clearing requirement (under then-Chairman Gensler) and exempting them from uncleared margin requirements.
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40 US vs EU/UK MARGIN RULES - Latham & Watkins LLP
https://www.lw.com/admin/upload/SiteAttachments/US-EU-UK-margin-rules-reference-guide.pdf
INTER-AFFILIATE TRANSACTIONS . ... SBS that either (x) are exempt pursuant to the SEC clearing exemption for affiliates of end-.
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41 CFTC Proposes to Exempt Inter-Affiliate Swaps from Clearing
https://www.naturalgasintel.com/cftc-proposes-to-exempt-inter-affiliate-swaps-from-clearing/
The Commodity Futures Trading Commission (CFTC) Thursday voted out a proposed rule to exempt swaps between certain affiliated entities ...
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42 CFTC's Final Rule on the End-User Exception to ... - WilmerHale
https://www.wilmerhale.com/insights/publications/cftcs-final-rule-on-the-end-user-exception-to-the-mandatory-clearing-of-swaps
Also, the Final Rule does not provide a blanket exemption from the clearing requirement for all inter-affiliate swaps.
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43 Life on the margin: US margin rules finalized at last - DLA Piper
https://www.dlapiper.com/en/us/insights/publications/2016/01/life-on-the-margin/
... affiliates whose swaps are exempt from clearing or otherwise exempt from the CFTC margin rule by rule. WHAT ABOUT INTER-AFFILIATE SWAPS?
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44 CFTC Releases First Mandatory Clearing Determination
https://www.morganlewis.com/pubs/2012/12/cftc-releases-first-mandatory-clearing-determination
The clearing determination for these interest rate swap classes covers swaps ... an inter-affiliate clearing exemption.2 The inter-affiliate ...
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45 2017 derivatives end-user relief act discussion draft
https://www.centerforcapitalmarkets.com/wp-content/uploads/2017/04/Cover-Letter-to-Chairman-Crapo-and-Ranking-Member-Brown-3.pdf
community of the statutory exemptions from clearing and margin requirements, thus ... inter-affiliate transactions, proposed legislation would provide ...
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46 CFTC Proposes Rules on Swap Clearing and Capital ...
https://www.moodysanalytics.com/regulatory-news/dec-23-19-cftc-proposes-rules-on-swap-clearing-and-capital-requirements-for%20sds
Amendments to the Swap Clearing Requirement Exemption for Inter-Affiliate Swaps—CFTC is proposing revisions to the regulation that exempts ...
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47 CFTC Issues Last-Minute Deadline Extension for
https://www.stblaw.com/docs/default-source/cold-fusion-existing-content/publications/pub1600.pdf
(5) The parties have not elected to exempt the swap from a clearing requirement pursuant to the “Inter-Affiliate Clearing Exemption,”17 in ...
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48 The End-User Clearing Exception - Kramer Levin
https://www.kramerlevin.com/images/content/1/8/v4/1808/Swiss-Derivatives-Review-Article.pdf
an agent, may also be exempt from the clearing mandate if the affiliate uses the swap to hedge or mitigate the ... be hedging “commercial” risks, an inter-.
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49 CFTC eases margin requirements for inter-affiliate trades
https://www.risk.net/regulation/2439575/cftc-eases-margin-requirements-inter-affiliate-trades
It puts the very swap dealers we regulate at even greater risk in times of financial stress, because of its treatment of inter-affiliate margin.
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50 ClearingRequirementException <1932> field – FIX Dictionary
https://www.onixs.biz/fix-dictionary/5.0.sp2.ep271/tagnum_1932.html
3 = Inter-affiliate exception. In the US, see CFTC Final Rule - Clearing Exemption for Swaps Between Certain Affiliated Entities ...
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51 The CFTC's July 12, 2013 Cross-Border Exemptive Order
https://www.mayerbrown.com/en/perspectives-events/publications/2013/07/the-cftcs-july-12-2013-crossborder-exemptive-order
In cases where one of the counterparties to a swap is electing the inter-affiliate clearing exemption, the Order does not relieve any party ...
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52 Dodd-Frank Derivatives 101: What In-House Counsel Needs ...
https://www.jonesday.com/en/insights/2012/11/dodd-frank-derivatives-101-what-in-house-counsel-needs-to-know-now
Without an exemption from the CFTC, these inter-affiliate swaps will be subject to the clearing requirements described in this Commentary, and you will need to ...
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53 Congress Considering Amendments to Dodd-Frank to Soften ...
https://www.akingump.com/en/news-insights/congress-considering-amendments-to-dodd-frank-to-soften-the.html
H.R. 677 would exempt inter-affiliate swaps from margin requirements and ... of the end-user exemption from the Act's centralized clearing requirements.
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54 Joint statement by UK and US authorities on continuity of ...
https://www.fca.org.uk/news/press-releases/joint-statement-uk-and-us-authorities-continuity-derivatives-trading-and-clearing-post-brexit
... and the trading and clearing of inter-affiliate swaps. The CFTC intends to grant new substituted compliance and exemption orders to ...
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55 Derivatives Rules under the Dodd-Frank Act Affecting End-Users
https://www.cravath.com/a/web/418/3363602_1.pdf
CFTC End-User Exception from Clearing and Exchange Trading ... alter this requirement for inter-affiliate transactions.
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56 transparency accountability. oversight - Better Markets
https://www.bettermarkets.org/sites/default/files/documents/CFTC-CL-%20Proposed%20Clearing%20Exeption%20for%20Swaps%20Between%20Certain%20Affiliated%20Entities-%209-21-12.pdf
owned affiliates - should be eligible for the clearing exemption. ... risks to the financial system if the inter-affiliate swaps are not.
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57 Coalition For Derivatives End-Users
https://namissvr.nam.org/minisites/securesignup/derivatives/letter.aspx
Regulators have proposed a clearing exemption for inter-affiliate trades, but it would impose unreasonable conditions on financial end-users and would not ...
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58 Dodd-Frank Wall Street Reform and Consumer Protection Act ...
https://www.naesb.org/pdf4/update121212w7.pdf
date of a CFTC final rule on the proposed inter-affiliate clearing exemption. Other Information for non-Financial End-Users:.
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59 Understanding the CFTC's Proposed Rule on SEFs
https://www.willkie.com/~/media/Files/Publications/2018/12/Swaps_Markets_in_Transition_Understanding_the_CFTCs_Proposed_Rule_on_SEFs.pdf
Swaps Eligible for the Inter-Affiliate Clearing Exception that the ... only listed on a SEF that is exempt from registration pursuant to CEA.
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60 CFTC issues swap reporting relief and finalizes the inter ...
https://www.hoganlovells.com/en/publications/cftc-issues-swap-reporting-relief-and-finalizes-the-interaffiliate-exception
On April 1, the CFTC published a final rule that establishes an exemption from mandatory clearing for certain swaps between affiliates, building ...
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61 CFTC and UK Regulators Issue Statement Regarding ...
https://www.mofo.com/resources/insights/190226-continuity-derivatives-trading-clearing-brexit
... and the trading and clearing of inter-affiliate swaps[2]. The CFTC intends to grant new substituted compliance and exemption orders to ...
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62 Clearing Exemption for Swaps Between Certain Affiliated ...
https://www.amazon.ca/Exemption-Affiliated-Commodity-Commission-Regulation/dp/1721010742
Clearing Exemption for Swaps Between Certain Affiliated Entities (US Commodity ... in order to elect the inter-affiliate exemption from required clearing.
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63 Skadden, Arps, Slate, Meagher & Flom LLP
https://www.skadden.com/-/media/files/publications/2013/04/cftcissuesnoactionrelieffromcertaininteraffiliates.pdf
swaps between affiliates that are not swap dealers (SDs) or major swap participants (MSPs).1 ... Inter-Affiliate Clearing Exemption.
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64 AFR-CFTC-Clearing-of.. - Americans for Financial Reform
https://ourfinancialsecurity.org/wp-content/uploads/2012/09/AFR-CFTC-Clearing-of-Swaps-9-20-12.pdf
experts. Inter-Affiliate Swaps Generate Systemic Risk. This proposal envisions a wide-ranging exemption from clearing requirements for swaps.
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65 Should Corporate Treasury Worry About NDF Clearing?
https://www.treasuryandrisk.com/2014/11/17/should-corporate-treasury-worry-about-ndf-clearing/
Any company that relies on the treasury affiliate exemption must make an annual filing with a swap data repository (SDR) detailing how it is ...
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66 The End-User Exception to the Mandatory Clearing of Swaps
https://www.omm.com/resources/alerts-and-publications/publications/the-end-user-exception-to-the-mandatory-cleari/
A de minimis exemption from the definition of swap dealer applies to ... Inter-affiliate swaps must be reported in the same manner as ...
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67 CFTC Exempts Swaps Between Certain Affiliates from Clearing
https://www.goodwinlaw.com/publications/2013/04/20130409/09_05
The exemption is available only if one counterparty to the swap directly or indirectly holds a majority ownership interest in the other or if a ...
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68 Americans for Financial Reform - Senate Agriculture Committee
https://www.agriculture.senate.gov/imo/media/doc/Americans%20for%20Financial%20Reform.pdf
finalize a generous exemption for the great majority of inter-affiliate swaps from clearing and margin requirements, demonstrating that this ...
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69 COMMENTARY - Vinod Kothari Consultants
https://vinodkothari.com/wp-content/uploads/2013/12/Dodd-Frank-Derivatives-101.pdf
whether the new clearing rules apply to your inter-affiliate swaps. Without an exemption from the CFTC, these inter- affiliate swaps will be subject to the ...
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70 Federal Register
https://books.google.com/books?id=PLrCHCvjMwEC&pg=PA21780&lpg=PA21780&dq=inter+affiliate+clearing+exemption&source=bl&ots=lBGKsdbJ4G&sig=ACfU3U0hSwIuE1_bc-JwZ6I8BWQtmrW5xw&hl=en&sa=X&ved=2ahUKEwi9wbaFrOL7AhVwK1kFHVbIBGcQ6AF6BQicAhAD
و مام می As proposed , the inter - affiliate process , and report specific ... do not internalize one another's inter - affiliate clearing exemption .
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71 Commodity Futures Trading Commission Pt. 45, App. 1
https://www.gpo.gov/fdsys/pkg/CFR-2017-title17-vol2/pdf/CFR-2017-title17-vol2-part45-app1.pdf
The type of clearing exception or exemption being claimed. Field values: End user, Inter-affiliate or Cooperative.
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72 Financial Services Bulletin: Action at the CFTC - 08.22.2012
https://www.perkinscoie.com/en/news-insights/financial-services-bulletin-action-at-the-cftc-1.html
CFTC Proposes Inter-Affiliate Clearing Exemption · CFTC Proposes Exemption For Certain Non-Financial Energy Derivative Transactions · CFTC ...
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73 Exemptions | NFA - National Futures Association
https://www.nfa.futures.org/electronic-filing-systems/exemptions.html
Commodity pool operators (CPO) and commodity trading advisors (CTA) must electronically file with NFA notices of exclusion or exemption from CFTC Part 4 ...
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74 Justice of the Peace - Volume 31 - Page 61 - Google Books Result
https://books.google.com/books?id=O505AQAAIAAJ&pg=PA61&lpg=PA61&dq=inter+affiliate+clearing+exemption&source=bl&ots=3xv6U6ziP_&sig=ACfU3U3Brvl0-Este75lbJ7wpoUCFzwSZQ&hl=en&sa=X&ved=2ahUKEwi9wbaFrOL7AhVwK1kFHVbIBGcQ6AF6BQibAhAD
The estate in question being exempt , the makes application for a summons should ... in our opinion , inter- money was only necessary to give the magistrate ...
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75 Justice of the Peace and County, Borough, Poor Law Union and ...
https://books.google.com/books?id=XwI5AQAAMAAJ&pg=PA61&lpg=PA61&dq=inter+affiliate+clearing+exemption&source=bl&ots=Puak2D8rlX&sig=ACfU3U3cqeW874xI3yJbtSRRjduZseGN9A&hl=en&sa=X&ved=2ahUKEwi9wbaFrOL7AhVwK1kFHVbIBGcQ6AF6BQinAhAD
The estate in question being exempt , the makes application for a summons ... in our opinion , inter - money was only necessary to give the magistrate fere ...
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76 Best bedding sales in October 2022 Tom s Guide
https://klimaustasi.net/137424-best-bedding-sales-in-october-2022-tom-s-guide
When you purchase through links on our site, we may earn an affiliate commission. Here's why you can trust us. Best bedding sales in October ...
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