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FIA PTG urges the CFTC to Prohibit the Practice of Post-Trade Name Give-ups in Cleared Swaps

FIA PTG urges the CFTC to Prohibit the Practice of Post-Trade Name Give-ups in Cleared Swaps

14 March 2019 2:00pm EDT

In a letter submitted to the CFTC today, FIA PTG urged the Commission to prohibit the practice of post-trade name give-up in cleared swaps. FIA PTG said “post-trade name give-up is appropriate for uncleared swaps, as trading counterparties need to know who they have been matched with on a specific transaction. However, there is no legitimate reason to disclose counterparty names post-execution for anonymously executed cleared swaps, as trading counterparties face the CCP and do not have any credit, operational, or legal exposures to each other.”

The full letter is available here.

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