Third Phase of Clearing for iTraxx CDS Becomes Effective

On 23 October 2013, the Commodity Futures Trading Commission published a reminder that the final stage of clearing has become effective for certain iTraxx CDS contracts executed by accounts managed by third-party investment managers, ERISA pension plans and certain other entities that were not subject to the previous implementation deadlines on 26 April 2013 and 25 July 2013.