CFTC’s DCR Issues an Extension of Time-Limited No-Action Relief from Required Clearing for Swaps Entered into by Certain Cooperatives

The No-Action Letter grants relief from required clearing under CEA Section 2(h)(1)(A) and CFTC Rules Part 50 (rules relating to clearing) for certain swaps entered into by qualifying cooperatives. To qualify for the No-Action Relief, one of the counterparties to the swap must be a cooperative, whose members are either non-financial entities or other cooperatives whose members are non-financial entities.

See: CFTC Letter 13-30.