23.12.2008 - CFTC oks clearinghouse for interest rate derivatives

From Reuters: The U.S. Commodity Futures Trading Commission said on Monday it approved International Derivatives Clearing Group LLC (IDCG) to clear and settle interest rate derivative contracts. As a derivatives clearing organization, the agency said IDCG is authorized to clear futures contracts, options on futures contracts, commodity options and over-the-counter derivative contracts where interest rates or currencies constitute the underlying commodity...... Full Article: Source

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