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Return to Comments
Margin and Capital Requirements for Covered Swap Entities (Proposed Rule)
Type: Regulation
Federal Register Document Type: Reproposed
FCA is seeking comment on a proposed joint rule to establish minimum margin and capital requirements for registered swap dealers, major swap participants, security based swap dealers; and major security based swap participants for which the FCA is a prudential regulator.

Text of Comment Letter

Apologies for a wrongly-typed e-mail address for Farm Credit Administration.


Please see the communication below.




From: Shannon Spriggs
Sent: Friday, 12 December 2014 12:34 PM
Cc: Baume, Andrew; Grover, Amit; Stephen Bower; Suzanne Calcagno (RMG); Daniel Feit
Subject: Margin and Capital Requirements for Covered Swap Entities, RIN 3038-AC97, Docket ID OCC-2011-0008/RIN 1557-AD43, Docket No. R-1415/RIN 7100-AD74, RIN 3064-AE21, RIN 2590-AA45, RIN 3052-AC69


Please see attached a submission in relation to the margin rules proposed by US prudential regulators, and the margin rules proposed by the CFTC.


This is being delivered on behalf of the five Australian institutions provisionally registered with the CFTC as swap dealers, who are named below.


We apologise for its lateness, and would very much appreciate if such submission nevertheless received consideration.


We are grateful for the opportunity to make this submission.


If you would like to contact this group of swap dealers about this submission, or any individual swap dealer, I or any copy addressee would be pleased to arrange this.



On behalf of:


Australia and New Zealand Banking Group Ltd


Commonwealth Bank of Australia


Macquarie Bank Limited


National Australia Bank Limited


Westpac Banking Corporation








Shannon Spriggs | Division Director | Legal Risk Management
Fixed Income, Currencies and Commodities (FICC) | Macquarie Group Limited
Level 1, 50 Martin Place, Sydney NSW 2000 Australia
T +61 2 8232 1873 I F +61 2 8232 4540 I E




This message is confidential and subject to important disclaimers at: Any views or opinions expressed are the author's own and may not reflect the views or opinions of Macquarie. If you are not the intended recipient, you must not use the information in this message in any way, please delete this message and notify the sender immediately. Macquarie does not guarantee that messages or attached files transmitted electronically (sent or received) are secure or free of errors or viruses. No confidentiality or privilege is waived or lost by any transmission errors. Macquarie reserves the right, to the extent permitted by law, to monitor and retain electronic messages.