Some Derivatives Excluded from Mark-to-Market or: A Funny Thing Happened on the Way to Financial Reform

Journal
Carman, P.D.
United States
Finance and Capital Markets (formerly Derivatives & Financial Instruments) 2010 (Volume 12), No. 5
Format/Price
JournalUSD 45

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.