In April 2026, ISDA reiterated our strong support for the proposed amendments to the uncleared swaps margin requirements for swap dealers and major swap participants published by the Commodity Futures Trading Commission in the Federal Register on August 8, 2023 (the “2023 Margin Proposal”). The 2023 Margin Proposal focuses on three amendments: (1) elimination of the asset transfer restriction that currently prevents many money market funds from qualifying as eligible collateral when they use common liquidity-management tools such as repos and securities lending; (2) amendments relating to the treatment of certain seeded investment funds for purposes of determining whether initial margin is required to be exchanged; and (3) amendments to the standard haircut schedule that would create a haircut methodology applicable to securities of MMFs and other similar funds.
Documents (1) for ISDA Reiterates Support for CFTC Margin Proposal
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