COMMODITY FUTURES TRADING COMMISSION ISSUES PROPOSED RULE: PROPOSAL TO PROVIDE EXEMPTIVE RELIEF TO FACILITATE CROSS-MARGINING OF CUSTOMER POSITIONS CLEARED AT CHICAGO MERCANTILE EXCHANGE, INC. AND FIXED INCOME CLEARING CORPORATION

WASHINGTON, Dec. 17 -- Commodity Futures Trading Commission has issued a proposed rule called: Proposal To Provide Exemptive Relief To Facilitate Cross-Margining of Customer Positions Cleared at Chicago Mercantile Exchange, Inc. and Fixed Income Clearing Corporation.

The proposed rule was published in the Federal Register on Dec. 17 by Christopher Kirkpatrick, Secretary of the Commission.

Summary: The Commodity Futures Trading Commission ("CFTC" or "Commission") is proposing to issue an order pursuant to the Commodity Exchange Act ("CEA") that would provide exemptive relief from the CEA and Commission regulations related to segregation and protection of futures customer funds. The order would permit joint clearing members of the Chicago M...