What happened
On November 05, 2026, the Commodity Futures Trading Commission’s Division of Clearing and Risk issued a no-action letter addressing whether derivatives clearing organizations may use trust companies to conduct daily settlements with clearing members. The release is recorded as Release Number 9322-26 and bears the WASHINGTON designation. The letter specifically focuses on the question of whether trust companies may be used in the daily settlement process between derivatives clearing organizations and their clearing members.
What the staff said
According to the no-action letter, a derivatives clearing organization may use a trust company for daily settlements if it treats the trust company as it would a settlement bank under applicable CFTC requirements. The Division of Clearing and Risk stated that the permissibility of using a trust company hinges on treating that trust company in the same manner as a settlement bank for purposes of compliance with applicable CFTC requirements, as described in the letter.
Release details
The notice appears as Release Number 9322-26 and is issued by the Commodity Futures Trading Commission’s Division of Clearing and Risk. The short release is signed "-CFTC-" on the page. The date shown on the release is November 05, 2026, and the text is presented under the WASHINGTON designation.
