Dodd-Frank.com

New Legislation Exempts Swap End Users From Margin Requirements

By | January 9, 2015

The House and Senate have passed legislation which provides that swap end-users do not have to provide initial and variation margin for uncleared swaps as previously required by the Dodd-Frank Act.

The provision is included in the Terrorism Risk Insurance Program Reauthorization Act of 2015.

Senators defeated an amendment by Sen. Elizabeth Warren, D-Mass., to remove the margin exemption provision. The amendment failed by a vote of 31-66.

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Topics: 
Banking, Derivatives