The Commodity Futures Trading Commission has proposed an
amendment to its rules to create a new account class for
over-the-counter derivatives. The new class would include
derivatives that a futures commission merchant holds on behalf
of customers and submits through a central counterparty for
The CFTC is asking for public comment by September 12. It
said the purpose of creating a new account was to extend
protections during a bankruptcy to the positions customers of a
futures commission merchant hold in cleared OTC derivatives and
the collateral that such customers deposit to secure the
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