Orderly Liquidation Termination Provision in Swap Trading Relationship Documentation for Swap Dealers and Major Swap Participants

CFTC Dodd-Frank Rulemaking

76 Fed. Reg. 6708

February 8, 2011

Closing Date for Comments: April 11, 2011

The proposed rule would set forth parameters for the inclusion of an orderly liquidation termination provision in the swap trading relationship documentation for swap dealers and major swap participants. The rule is being proposed pursuant to Section 731 of the Dodd-Frank Act added a new section 4s(i) to the Commodity Exchange Act, which requires the Commission to prescribe standards for swap dealers and major swap participants related to the timely and accurate confirmation, processing, netting, documentation, and valuation of swaps.

Cross References

Dodd-Frank Act, Title VII, Sec. 731; new CEA Sec. 4s(i); 17 CFR Part 23