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External Meetings: Meeting with BG Americas
  
    



  Participants discussed issues related to the swap dealer and major swap participant definitions.  In particular BG Americas takes the view that the swap dealer definition is too broad, and that it would be helpful if the Commissions specified what activities do not constitute swap dealing.  For the de minimis exemption, BG Americas recommended setting a higher notional amount at first, that could modified in light of data received about the markets.  BG Americas also expressed concern with footnote 128 of the proposing release (in connection with the major swap participant definition), which it believes too broadly describes what does not constitute hedging or mitigating commercial risk.  Participants also discussed the forward contract exclusion from the swap definition.
      
  When
              06/22/2011

  Rulemaking(s)
              II. DefinitionsXVII. Data RecordkeepingXXI. Joint Rules w/ SEC

  CFTC Staff
              Terry ArbitDavid AronMark FajfarJulian HammarSteve Kane

  Visitor(s)
              David Keene (BG Americas)Matt Schatzman (BG Americas)Jason Schendle (Alpine Group)Michael Sweeney (Hunton & Williams)Lisa Yoho (BG Americas)

  Organization(s)
              BG Americas & Global LNG (BG Americas)Alpine GroupHunton & Williams

  Related Links
          BG Group Meeting with CFTC Staff  RELATED LINKS
    

      BG Group Meeting with CFTC Staff


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