CFTC Issues Correction to Procedures in Federal Register That Establishes Appropriate Minimum Block Sizes for Large Notional Off-Facility Swaps and Block Trades

The CFTC corrected a final rule from the May 31, 2013 Federal Register which adopted Dodd-Frank regulations in order to define criteria for grouping swaps into separate categories and establish methodologies for setting appropriate minimum block sizes for each swap category. The correction fixes errors pertaining to certain contract descriptions, block sizes, and block units for interest rate swaps, credit swaps, foreign exchange, and other commodity swaps. 

See:  78 FR 42439.
See also:  Core Principles and Other Requirements for Swap Execution Facilities (June 4, 2013); CFTC Publishes Text of SEF Rules (May 21, 2013).

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