SEC Greenlights Smoother Swaps for Bank Affiliates – Yawn?
Published Date: 1/23/2025
Notice
Summary
LCH SA just got the green light from the SEC to update its rules so that affiliates of Clearing Members can have their transactions registered under the main Clearing Member’s name. This change makes things smoother for dealers involved in credit default swaps and related trades, with no extra costs or delays announced. It’s a win for banks and traders who want clearer, simpler dealer status rules starting now.
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