Package

EP157 Legally Segregated Operationally Commingled (LSOC) Extension

Section 724(a) of the Dodd-Frank Act inserted a new section 4d(f) to the Commodity Exchange Act (ACE), which requires the segregation of cleared swaps, and associated collateral, pertaining to customers. This is referred to as the Legally Segregated Operationally Commingled (LSOC) Model (also known as the Complete Legal Segregation Model). This extension pack provides the...