Archives for commodities

Letter to the House of Representatives supporting the “Commodity End-User Relief Act” (1/11/17)

Date: January 11, 2017

Issue: Derivatives; End-user relief

To: House of Representatives

Filing Type: Letter to Congress

Description: The U.S. Chamber of Commerce strongly supports H.R. 238, the “Commodity End-User Relief Act,” which would reauthorize the Commodity Futures Trading Commission (“CFTC”) and enact a number of important reforms to provide regulatory relief for end users of the derivatives market. It would also promote accountability at the CFTC and protect Main Street businesses from onerous and unintended consequences of derivatives regulation.

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End-user Coalition letter to the House of Representatives regarding inter-affiliate swap transaction relief legislation (1/11/17)

Date: January 11, 2017

Issue: Derivatives; End-user relief

To: House of Representatives

Filing Type: Letter to Congress

Description: The Coalition for Derivatives End-Users supports Congressman Lucas’ amendment aimed at providing much needed relief to commercial end-users in connection with their use of inter-affiliate swaps, which are an efficient mechanism to transfer risk within a corporate group for centralized risk management. The amendment would appropriately distinguish between inter-affiliate swaps—which are proven and efficient methods of managing a corporate end-user’s internal risks—and those swaps that are executed between two unaffiliated third parties.

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Letter to Federal Reserve regarding physical commodities and risk-based capital requirements (1/5/17)

Date: January 5, 2017

Issue: Capital Requirements / Commodities

To: Board of Governors of the Federal Reserve System

Filing Type: Comment Letter

Description: The letter expresses CCMC's significant disappointment with the Federal Reserve’s intention to impose new risk-based capital requirements on certain commodities activities of financial holding companies and their merchant banking investments.The proposal will have a deleterious effect upon growth and stability by creating barriers to traditional means of business financing and capital formation.

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