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CFTC no-action letter lets clearing houses use trust companies for daily settlement

NewsFeeds update

The CFTC's Division of Clearing and Risk issued a no-action letter stating that derivatives clearing organisations may treat trust companies as settlement banks meeting applicable CFTC requirements. This allows them to use trust companies for the daily settlement of clearing members.

RegulationChainCatcherAIBullish

Read the original on ChainCatcher

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