NRECA Warns CFTC Not to Expand Definition of “Swap Dealer”
Posted on Jun 26, 2013 in Regulation & Policy | Comments Off on NRECA Warns CFTC Not to Expand Definition of “Swap Dealer”
The National Rural Electric Cooperative Association (NRECA) has signed on to a letter with other energy trade associations insisting that the Commodity Futures Trading Commission (CFTC) refrain from lowering the swap threshold from $8 billion to $3 billion. This change would have the effect of expanding the definition of “swap dealer” to include commercial end-users. Such an expansion would include gas and electric utilities, and would cause their cost of doing business to rise. These costs could be passed on to cooperatives that participate in financial transactions with such entities. To read more about this story, click here.
