Futures Industry Association (FIA) is reviewing the
feasibility of establishing a Centralised Capital Facility
(CCF) to allow futures commission merchants (FCMs) and their
customers to make more efficient use of their capital through
portfolio margining across all markets.
Speaking before the House Committee on Agriculture's
Subcommittee on General Farm Commodities and Risk Management
last week, FIA president John Damgard said the association's
Competitive Clearing Committee was considering the CCF as an
alternative to common clearing.
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