Page 722 - 《期货和衍生品行业监管动态》（2022年合集）

期货和衍生品行业监管动态

in conjunction with the Division of Clearing and Risk, the scope of the letter was
expanded to include investments by derivatives clearing organizations (DCOs).

In light of the transition from the London Interbank Offered Rate (LIBOR)

interest rate benchmark, and the increasing reliance on the Secured Overnight

Financing Rate (SOFR) as an alternative benchmark, under the no-action letter, FCMs

may continue to invest customer funds in securities that contain an adjustable rate of

interest that is benchmarked to SOFR. DCOs also may make such investments under

the letter. The no-action letter is conditioned upon an FCM or DCO otherwise

complying with all relevant terms and conditions of the CFTC’s regulations

governing the investment of customer funds, including the requirement that the

adjustable rate security is one of the enumerated permitted investments.

This no-action letter will expire on the earlier of December 31, 2024 or the
effective date of a CFTC action, including, without limitation, a rulemaking or order

that addresses SOFR as a permitted benchmark.

https://www.cftc.gov/PressRoom/PressReleases/8645-22

624
回 到 首 页 回 到 目 录