Commodity Futures Trading Commission Commissioner Rostin Behnam announced the agenda for the Market Risk Advisory Committee (MRAC) meeting to be held by teleconference on September 9 beginning at 3:00 pm (ET). The MRAC will receive a status report from the Interest Rate Benchmark Reform Subcommittee and vote on its recommendation regarding plain-English disclosure materials. In addition, the MRAC will also consider:

  • Clearinghouse proposals for transitioning price alignment interest and discounting for USD OTC cleared swaps to the Secured Overnight Financing Rate
  • Clearing treatment for physically settled swaptions that may not be discounted using the Secured Overnight Financing Rate.

More information, including public listening information, is available here.