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Notice I-16-09

February 26, 2016

Reminder: CFTC authorizes NFA to receive notices of swap valuation disputes in excess of $20 million filed by swap dealers and major swap participants beginning March 1

In January, the CFTC issued an order authorizing NFA to receive notices of swap valuation disputes in excess of $20 million filed by swap dealers (SD) and major swap participants (MSP) pursuant to Regulation 23.502(c). These notices are currently submitted directly to the CFTC.

Beginning March 1, SDs and MSPs will file the required notices of swap valuation disputes through WinJammer™, NFA's online filing application. See Notice I-16-07 for details on filing notices of swap valuation disputes in WinJammer™.

NFA will receive and maintain the notices on behalf of the CFTC and provide summaries and reports regarding these notices to the CFTC. The CFTC will continue to have access to the firm's original documents on the day they are submitted to NFA.

As a reminder, in the fall of 2016, NFA plans to update its systems to require firms to provide standardized information regarding swap valuation disputes in excess of $20 million. NFA will keep Members apprised of system changes, so that SDs and MSPs can modify their processes accordingly.

If you have questions about notices of swap valuation disputes, please contact Richard Taylor, Senior Risk Analyst II (rtaylor@nfa.futures.org or 212-346-5640) or David Mengle, Senior Risk Advisor (dmengle@nfa.futures.org or 212-513-6023). If you have questions on WinJammer™, please contact NFA's Information Center by calling 312-781-1410 or 800-621-3570, or emailing information@nfa.futures.org.

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