The National Credit Union Administration passed a final rule that permits Federal credit unions to engage in limited derivatives activities for the purpose of mitigating interest rate risk. This presentation reviews permissible derivatives and characteristics, limits on derivatives, operational requirements, counterparty and margining requirements, and the procedures a credit union must follow to apply for derivatives authority. CLICK HERE for a complete handout of this presentation and be sure to follow us on Twitter!
Uploaded on Jul 3, 2014
|Tags: Compliance Connection, CUCC, Shawn Wolbert, CUBE TV, Derivatives Authority|