External Meetings: Meeting with Natural Gas Exchange

When:

9/1/2011 3:30 PM

Rulemaking(s):

V. Capital & Margin

VIII. Process for Review of Swaps

General

CFTC Staff:

Bart Chilton

George Wilder

Peter Kavounas

Visitor(s):

Tom Kloet (TMX)

Peter Krenkel (NGX)

Cheryl Graden (NGX)

Paul Architzel (outside counsel)

Organization(s):

TMX Group

Natural Gas Exchange

Participants discussed the process moving forward on determining mandatory swaps, issues relating to characterizing NGX instruments that will need to be addressed as the rules are implemented, and the effect of the proposed prohibition on using Letters of Credit as initial margin for cleared swaps.