GMAC votes to recommend that CFTC clarify U.S. Treasury ETFs are eligible as initial margin under UMR
The Market Structure Subcommittee recommended, and GMAC adopted (26–0–1), a proposal asking the CFTC to clarify that U.S. Treasury ETFs qualify as eligible initial margin under the uncleared margin rules, citing liquidity, diversification and operational efficiency.
The full story
The CFTC's Global Markets Advisory Committee voted to adopt a Market Structure Subcommittee recommendation asking the commission to clarify that U.S. Treasury exchange‑traded funds may be treated as eligible collateral for initial margin under the uncleared margin rules (UMR).
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