External Meetings: meeting with REVAL

When:

5/4/2011 9:30 AM

Rulemaking(s):

III. Business Conduct Standards w/ Counterparties

V. Capital & Margin

CFTC Staff:

Tom Smith

Thelma Diaz

Jennifer Bauer

Visitor(s):

Jiro Okochi (Reval)

Mike Haywood (LTD)

Organization(s):

Reval

LTD Group (LTD)

External participants asked questions about when swap dealers would be required to collect margin from counterparties under recently proposed CFTC rules, and raised the potential for increased legal costs for commercial end-users if they and their swap dealers must document credit support annex.