On October 14, ISDA submitted comments to the US Securities and Exchange Commission in response to the Fixed Income Clearing Corporation’s (FICC) recently published amended, proposed rule changes related to default management processes. ISDA supports FICC’s efforts to expeditiously clarify how its default management rules apply in the context of done-away clearing. In the letter, ISDA makes recommendations that would further ensure FICC’s rules fully enable close-out netting for done-away transactions.
Documents (1) for ISDA Submits Letter to FICC on Default Management Rules Relating to US Treasury Clearing
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