CFTC Press Releases/
CFTC Issues Final Rule to Modify Clearing Requirement for Canadian Dollar- and Mexican Peso-Denominated Interest Rate Swaps
The CFTC has issued a final rule updating interest rate swap clearing requirements, replacing legacy benchmarks CDOR and TIIE with risk-free overnight rates for CAD and MXN denominated swaps.
medium impactneutralCADMXN
Read the original report at CFTC Press ReleasesWhy It Matters
This update aligns CFTC clearing requirements with global interest rate benchmark reforms, ensuring that derivatives markets transition away from discontinued benchmarks to more robust, risk-free alternatives.