CFTC Allows Trust Companies to Participate in Daily Settlement
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On November 6, 2026, the CFTC’s Division of Clearing and Risk issued a no-action letter stating that derivatives clearing organizations may use trust companies to conduct daily settlements with clearing members. This arrangement is subject to the clearing organization’s compliance with applicable CFTC requirements and requires trust companies participating in daily settlements to be managed as clearing banks. The report provided no other implementation timeline or information on participating institutions for the arrangement.
AI-written from reports · updated 2 hours ago
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- CFTC — Press releasesSelectedCFTC issues no-action letter on trust company participation in daily settlement
CFTC’s Division of Clearing and Risk issued a no-action letter stating that derivatives clearing organizations may use trust companies to conduct daily settlements with clearing members. The condition is that clearing organizations must manage the trust company as a clearing bank in accordance with applicable CFTC requirements.
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