Dodd-Frank margin intent delivers end-users a blow, despite reprieve

Senator's letter fails to assuage end-user concerns over non-cleared swaps

Corporate end-users of derivatives will still face substantial costs in non-cleared swaps, despite being given a reprieve by key senators who maintain end-users will not be directly subjected to burdensome margin requirements.

The chairman of the Senate Banking Committee, Christopher Dodd, and chairman of the Senate Agriculture Committee, Blanche Lincoln, said the Dodd-Frank bill only gives regulators the ability to impose margin requirements on swap dealers and major swap participants in non