The U.S. Commodity Futures Trading Commission (CFTC ) today issued an order to LCH.Clearnet Limited (LCH), a CFTC-registered derivatives clearing organization, under Section 4d(f) of the Commodity Exchange Act. The order was issued in response to a petition filed by LCH.
The order permits LCH and its clearing members that are registered futures commission merchants to: (1) commingle in an account subject to Section 4d(f) (a cleared swaps customer account) positions in futures, foreign futures, and cleared swaps, and related customer money, securities, and property; and (2) portfolio margin these positions in the cleared swaps customer account.
