17 CFR § 50.26
Swap clearing requirement compliance dates
April 15, 2021
(a) Compliance dates for interest rate swap classes. The compliance dates for swaps that are required to be cleared under §50.4(a) are specified in the following table.
Table 1 to Paragraph (a)
Open Table
| Swap asset class | Swap class subtype | Currency and floating rate index | Stated termination date range | Clearing requirement compliance date |
|---|---|---|---|---|
| Interest Rate Swap | Fixed-to-Floating | Euro (EUR) EURIBOR | 28 days to 50 years | Category 1 entities March 11, 2013. |
| All non-Category 2 entities June 10, 2013. | ||||
| Category 2 entities September 9, 2013. | ||||
| Interest Rate Swap | Fixed-to-Floating | Sterling (GBP) LIBOR | 28 days to 50 years | Category 1 entities March 11, 2013. |
| All non-Category 2 entities June 10, 2013. | ||||
| Category 2 entities September 9, 2013. | ||||
| Interest Rate Swap | Fixed-to-Floating | U.S. Dollar (USD) LIBOR | 28 days to 50 years | Category 1 entities March 11, 2013. All non-Category 2 entities June 10, 2013. |
| Category 2 entities September 9, 2013. | ||||
| Interest Rate Swap | Fixed-to-Floating | Yen (JPY) LIBOR | 28 days to 50 years | Category 1 entities March 11, 2013. |
| All non-Category 2 entities June 10, 2013. | ||||
| Category 2 entities September 9, 2013. | ||||
| Interest Rate Swap | Fixed-to-Floating | Australian Dollar (AUD) BBSW | 28 days to 30 years | All entities December 13, 2016. |
| Interest Rate Swap | Fixed-to-Floating | Canadian Dollar (CAD) CDOR | 28 days to 30 years | All entities July 10, 2017. |
| Interest Rate Swap | Fixed-to-Floating | Hong Kong Dollar (HKD) HIBOR | 28 days to 10 years | All entities August 30, 2017. |
| Interest Rate Swap | Fixed-to-Floating | Mexican Peso (MXN) TIIE-BANXICO | 28 days to 21 years | All entities December 13, 2016. |
| Interest Rate Swap | Fixed-to-Floating | Norwegian Krone (NOK) NIBOR | 28 days to 10 years | All entities April 10, 2017. |
| Interest Rate Swap | Fixed-to-Floating | Polish Zloty (PLN) WIBOR | 28 days to 10 years | All entities April 10, 2017. |
| Interest Rate Swap | Fixed-to-Floating | Singapore Dollar (SGD) SOR-VWAP | 28 days to 10 years | All entities October 15, 2018. |
| Interest Rate Swap | Fixed-to-Floating | Swedish Krona (SEK) STIBOR | 28 days to 15 years | All entities April 10, 2017. |
| Interest Rate Swap | Fixed-to-Floating | Swiss Franc (CHF) LIBOR | 28 days to 30 years | All entities October 15, 2018. |
| Interest Rate Swap | Basis | Euro (EUR) EURIBOR | 28 days to 50 years | Category 1 entities March 11, 2013. |
| All non-Category 2 entities June 10, 2013. | ||||
| Category 2 entities September 9, 2013. | ||||
| Interest Rate Swap | Basis | Sterling (GBP) LIBOR | 28 days to 50 years | Category 1 entities March 11, 2013. |
| All non-Category 2 entities June 10, 2013. | ||||
| Category 2 entities September 9, 2013. | ||||
| Interest Rate Swap | Basis | U.S. Dollar (USD) LIBOR | 28 days to 50 years | Category 1 entities March 11, 2013. All non-Category 2 entities June 10, 2013. |
| Category 2 entities September 9, 2013. | ||||
| Interest Rate Swap | Basis | Yen (JPY) LIBOR | 28 days to 30 years | Category 1 entities March 11, 2013. |
| All non-Category 2 entities June 10, 2013. | ||||
| Category 2 entities September 9, 2013. | ||||
| Interest Rate Swap | Basis | Australian Dollar (AUD) BBSW | 28 days to 30 years | All entities December 13, 2016. |
| Interest Rate Swap | Forward Rate Agreement | Euro (EUR) EURIBOR | 3 days to 3 years | Category 1 entities March 11, 2013. All non-Category 2 entities June 10, 2013. |
| Category 2 entities September 9, 2013. | ||||
| Interest Rate Swap | Forward Rate Agreement | Sterling (GBP) LIBOR | 3 days to 3 years | Category 1 entities March 11, 2013. All non-Category 2 entities June 10, 2013. |
| Category 2 entities September 9, 2013. | ||||
| Interest Rate Swap | Forward Rate Agreement | U.S. Dollar (USD) LIBOR | 3 days to 3 years | Category 1 entities March 11, 2013. All non-Category 2 entities June 10, 2013. |
| Category 2 entities September 9, 2013. | ||||
| Interest Rate Swap | Forward Rate Agreement | Yen (JPY) LIBOR | 3 days to 3 years | Category 1 entities March 11, 2013. All non-Category 2 entities June 10, 2013. |
| Category 2 entities September 9, 2013. | ||||
| Interest Rate Swap | Forward Rate Agreement | Polish Zloty (PLN) WIBOR | 3 days to 2 years | All entities April 10, 2017. |
| Interest Rate Swap | Forward Rate Agreement | Norwegian Krone (NOK) NIBOR | 3 days to 2 years | All entities April 10, 2017. |
| Interest Rate Swap | Forward Rate Agreement | Swedish Krona (SEK) STIBOR | 3 days to 3 years | All entities April 10, 2017. |
| Interest Rate Swap | Overnight Index Swap | Euro (EUR) EONIA | 7 days to 2 years | Category 1 entities March 11, 2013. All non-Category 2 entities June 10, 2013. |
| Category 2 entities September 9, 2013. | ||||
| 2 years + 1 day to 3 years | All entities December 13, 2016. | |||
| Interest Rate Swap | Overnight Index Swap | Sterling (GBP) SONIA | 7 days to 2 years | Category 1 entities March 11, 2013. |
| All non-Category 2 entities June 10, 2013. | ||||
| Category 2 entities September 9, 2013. | ||||
| 2 years + 1 day to 3 years | All entities December 13, 2016. | |||
| Interest Rate Swap | Overnight Index Swap | U.S. Dollar (USD) FedFunds | 7 days to 2 years | Category 1 entities March 11, 2013. All non-Category 2 entities June 10, 2013. |
| Category 2 entities September 9, 2013. | ||||
| 2 years + 1 day to 3 years | All entities December 13, 2016. | |||
| Interest Rate Swap | Overnight Index Swap | Australian Dollar (AUD) AONIA-OIS | 7 days to 2 years | All entities December 13, 2016. |
| Interest Rate Swap | Overnight Index Swap | Canadian Dollar (CAD) CORRA-OIS | 7 days to 2 years | All entities July 10, 2017. |
(b) Compliance dates for credit default swap classes. The compliance dates for swaps that are required to be cleared under §50.4(b) are specified in the following table.
Table 2 to Paragraph (b)
Open Table
| Swap asset class | Swap class subtype | Indices | Tenor | Clearing requirement compliance date |
|---|---|---|---|---|
| Credit Default Swap | North American untranched CDS indices | CDX.NA.IG | 3Y, 5Y, 7Y, 10Y | Category 1 entities March 11, 2013. All non-Category 2 entities June 10, 2013. Category 2 entities September 9, 2013. |
| Credit Default Swap | North American untranched CDS indices | CDX.NA.HY | 5Y | Category 1 entities March 11, 2013. All non-Category 2 entities June 10, 2013. Category 2 entities September 9, 2013. |
| Credit Default Swap | European untranched CSD indices | iTraxx Europe | 5Y, 10Y | Category 1 entities April 26, 2013. Category 2 entities July 25, 2013. |
| All non-Category 2 entities October 23, 2013. | ||||
| Credit Default Swap | European untranched CSD indices | iTraxx Europe Crossover | 5Y | Category 1 entities April 26, 2013. Category 2 entities July 25, 2013. All non-Category 2 entities October 23, 2013. |
| Credit Default Swap | European untranched CSD indices | iTraxx Europe HiVol | 5Y | Category 1 entities April 26, 2013. Category 2 entities July 25, 2013. All non-Category 2 entities October 23, 2013. |
[85 FR 76446, Nov. 30, 2020]
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