US legal residents need to be an Eligible Contract Participant (ECP) and be in the possession of an LEI number (legal entity identifier). Interactive Brokers cannot guarantee a client’s inclusion in the program and all inquiries require compliance approval prior to become active. 2. e. Swap Price Recognition GlossaryEligible Contract Participant (ECP)An entity that is classified by the Commodity Exchange Act (CEA) based on its regulated status or amount of assets. The definition of "Eligible Contract Participant" (ECP) is found in Section 1a(18) of the CEA (7 U.S.C. § 1a(18)). ECP classification permits these persons to engage in transactions (such as trading on a derivatives transaction ... CFTC and SEC adopt final rules further defining “swap dealer,” “major swap participant” and “eligible contract participant” * SEC and CFTC publish entity rule definitions: impact on ... The term “eligible contract participant” is important with regard to managers who provide advice on futures and commodities investments (including off-exchange spot foreign currency or “forex”). In general there are exemptions from various CTA, CPO and IB registration provisions for those managers who only provide advisory services to those clients who fall within the definition of ... The Dodd-Frank Act amended the ECP definition by providing that, solely for purposes of certain over-the-counter ("OTC") forex transactions specified in CEA sections 2(c)(2)(B) and 2(c)(2)(C) (i.e., retail forex transactions), a commodity pool does not qualify as an ECP if any participant in the pool is not itself an ECP, even though the pool would otherwise meet the definition. An eligible contract participant is allowed to invest in a number of markets that are not typically available to the average investor. Financial institutions, insurance companies, broker-dealers ... Eligible Contract Participant Under the Dodd-Frank Act, it is unlawful for a person that is not an Eligible Contract Participant to (i) enter into a swap other than on, or subject to the rules of, a designated contract market or (ii) enter into a security-based swap that is not effected on a national securities exchange registered with the SEC. In addition, certain forex transactions, if ...
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Over-the-counter dealing will be less common as the Dodd–Frank Wall Street Reform and Consumer Protection Act comes into effect. The law mandated the clearin... Basics of forex derivatives; forward exchange rate contracts, Options, Swaps. Correspondent banking, NRI accounts Documentary letters of Credit - UCPDC 600, various facilities to exporters and ... Join CME Group's Pete Mulmat as he explores the pricing mechanics and practical applications of these contracts. Sponsored by CME Group That, in turn, has attracted a plethora of participants whose explicit intention is to either profit from or hedge against the heightened level of risks in the foreign exchange markets. Security Markets for SEBI Grade A/ RBI Grade B Sunny Gulve; 39 videos; 35,229 views; Last updated on Feb 24, 2019 Speech by SEC Chairman: Opening Statement at SEC Open Meeting on Further Definition of "Swap Dealer," "Security-Based Swap Dealer," "Major Swap Participant,"... Pre-Register for Ethos Universal Wallet and you’ll be eligible to have some SMART tokens airdropped to your new wallet once you create it! Sign up at https://buff.ly/2IPkdEq and stay tuned for more.