External Meetings: Meeting with Hess Energy (Definitions and End User Exception)

When:

10/25/2010 3:00 PM

Rulemaking(s):

II. Definitions

CFTC Staff:

George Wilder

Sarah Josephson

Mark Fajfar

Christopher Hower

Rosaria Troia

Stephen Kane

Marshall Horn

Visitor(s):

Mitchell Friedman (Hess Energy)

Jonathan Stein (Hess Energy)

Charles Cerria (Hess Energy)

Scott Parsons (Delta Strategy Group)

Organization(s):

Hess Energy

Hess Energy Trading Company LLC (HETCO)

Delta Strategy Group

The meeting discussed the different uses of swaps by Hess Energy and HETCO and how they may qualify for the end-user exception from clearing. The meeting also discussed "book-outs" of forward contracts.