The Commission, jointly with the Commodity Futures Trading Commission (CFTC), sought public comment on ways to harmonize the Commission’s rules with CFTC rules with respect to portfolio margining of uncleared swaps with non-cleared security-based swaps, to consider further efficiencies in cleared swaps and security-based swaps portfolio margining, and to explore expanding portfolio margining to futures and cash equity positions.

The Division is considering recommending that the Commission, jointly with the CFTC, propose portfolio margin-related amendments to the existing regulatory framework for swaps and security-based swaps.