United States - Some Derivatives Excluded from Mark-to-Market or: A Funny Thing Happened on the Way to Financial Reform
- United States
- P. Carman
- Derivatives & Financial Instruments, 2010 (Volume 12), No 5
- 20 September 2010
Recent US legislation requires many derivatives to be cleared, but a change to the Internal Revenue Code prevents a list of derivatives from being subject to certain US mark-to-market requirements. The list may exclude some derivatives that were previously subject to mark-to-market requirements, but regulations may interpret the change narrowly.