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External Meetings: Meeting with Riverside Risk Advisors
  
    



  The meeting was a general discussion of how the major swap participant (MSP) definition will apply to various types of financial swaps, and the impact of collateral requirements on the swaps.  Riverside asserted that standardization of the credit relationship between dealers and end-users  will impede customization of swaps.  In particular, it will discourage major banks’ use of swaps to transfer financial risks to other parties.  Riverside said that the end-user exception from clearing should be available for such swaps, because the collateralization required for clearing would make such swaps not economically viable.
      
  When
              04/22/2011

  Rulemaking(s)
              II. DefinitionsV. Capital & MarginXI. End-user Exception

  CFTC Staff
              Lee Ann Duffy Mark Fajfar Frank Fisanich Sarah Josephson John LawtonThomas J. Smith

  Visitor(s)
              Frank Iacono (Riverside Risk Advisors)

  Organization(s)
              Riverside Risk Advisors

  Related Links
          OTC Swap Market Rulemaking  RELATED LINKS
    

      OTC Swap Market Rulemaking


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