Is Your Swap Counterparty on This List to Register as Swap-dealers Under Dodd-Frank?
Insights Robin Powers · March 1, 2013
The following banks/dealers are the first to register as swap-dealers under the Dodd-Frank Act, which requires higher capital, collateral and trading standards. The list, which is expected to grow, reflects companies that had at least $8 billion in swap-dealing business in October and had to register by the end of last year.
CFTC list of provisionally registered swap dealers:
Bank of America NA
Bank of Montreal
Bank of New York
Mellon Bank of Nova Scotia
Bank of Tokyo
Mitsubishi UFJ Ltd.
Barclays Bank Plc
BNP Paribas
Canadian Imperial Bank of Commerce
Citibank NA
Citigroup Energy Inc.
Citigroup Global Markets Inc.
Commerzbank AG
Commonwealth Bank of Australia
Credit Agricole
Corporate and Investment Bank
Credit Suisse International
DB Energy Trading LLC
Deutsche Bank AG
Goldman Sachs & Co.
Goldman Sachs Bank USA
Goldman Sachs Financial Markets LP
Goldman Sachs International
Goldman Sachs Mitsui Marine Derivative Products LP
Hongkong & Shanghai Banking Corp. Ltd.
HSBC Bank Plc
HSBC Bank USA NA
ING Capital Markets LLC
Intl Hanley LLC
J Aron & Co.
JPMorgan Securities LLC
JPMorgan Ventures Energy Corp.
JPMorgan Chase Bank
Macquarie Bank Ltd.
Macquarie Energy LLC
Merrill Lynch Capital Services Inc.
Merrill Lynch Commodities Inc.
Merrill Lynch Financial Markets Inc.
Merrill Lynch International
Merrill Lynch International Bank Ltd.
Mitsubishi UFJ Securities International Plc
Mizuho Capital Markets Corp.
Mizuho Securities USA Inc.
Morgan Stanley & Co. International Plc
Morgan Stanley & Co. LLC
Morgan Stanley Bank NA
Morgan Stanley Capital Group Inc.
Morgan Stanley Capital Services LLC
Morgan Stanley Derivative Products Inc.
National Australia Bank Ltd.
Natixis Newedge UK Financial Ltd.
Newedge USA LLC
Nomura Derivative Products Inc.
Nomura Global Financial Products Inc.
Nomura International Plc
Royal Bank of Canada
SMBC Capital Markets Inc.
Societe Generale SA
Standard Chartered Bank
State Street Bank And Trust Co.
The Royal Bank Of Scotland Plc
Toronto Dominion Bank
UBS AG
US Bank NA
Wells Fargo Bank NA
Westpac Banking Corp.
Next – What do you need to do if your swap counterparty is not listed?