News
CFTC Allows Clearinghouses to Use Trust Companies for Daily Settlements
The U.S. Commodity Futures Trading Commission announced that clearinghouses are permitted to conduct daily settlement operations through trust companies. This expands the previous requirement that only banks could handle such settlements. The trust companies must be subject to the same regulatory standards as traditional settlement banks. The change aims to broaden the range of institutions eligible for settlement activities under CFTC rules.