By May 1, all counterparties must have provided their registered Swap Dealers with legal classifications and representations to allow the Swap Dealers to comply with the CFTC’s External Business Conduct Rule (EBCR). After the EBCR deadline, Swap Dealers will only continue offering and executing swaps with in-scope counterparties who have provided the necessary information for compliance. ISDA has developed a standard documentation solution to ease some of the operational burdens of the process, and has partnered with Markit to provide an online tool for compliance. This webinar addresses: (1) Applying for a CICI number from DTCC; (2) Adhering to the August 2012 D-F Protocol through ISDA’s Protocol Management website; and (3) Completing the client questionnaire either via the ISDA Amend utility or another delivery mechanism.
Six Weeks To Go – Are you Ready? Complying with the CFTC’s External Business Conduct Rules
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