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CFTC no-action relief lets trust companies handle daily clearing settlements under bank-style safeguards

A CFTC no-action letter to Nodal Clear exposes the difference between eligible custody institutions and settlement banks in the clearinghouse rules, opening a conditional trust-company settlement route.

11 Nov 2026Analysis9 min read

Regulation & enforcement

CFTC staff permits trust companies to handle clearinghouse daily settlements

Conditional no-action relief gives derivatives clearing organisations a route to use trust companies for daily settlement, provided the trust company is treated as a settlement bank under applicable requirements.

6 Nov 2026News2 min read