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The Commodity Futures Trading Commission (CFTC) has finalized amendments to its rules about margin requirements for certain swaps. These changes update how entities determine if they fall under the requirement to exchange initial margin for swaps that aren't centrally cleared. The amendments align the CFTC rules with international standards set by the Basel Committee on Banking Supervision and the International Organization of Securities Commissions. In addition, it allows certain swap dealers to use a risk-based model from other registered swap dealers to calculate necessary initial margins, making compliance more practical and internationally consistent.

The Commodity Futures Trading Commission (CFTC) has amended the margin rules for uncleared swaps for swap dealers and major swap participants without a prudential regulator. The new rules allow for a minimum transfer amount (MTA) of up to $50,000 for each separately managed account (SMA) of a legal entity. They also permit separate MTAs for initial and variation margin, provided they don't exceed $500,000 combined. These changes aim to reduce operational burdens while ensuring the swaps market continues to function smoothly and safely.