The Securities and Exchange Commission and Commodity Futures Trading Commission staffs will hold a public roundtable on October 22 from 9 a.m. to noon to discuss issues related to the clearing of credit default swaps.

 The roundtable is intended to assist both agencies in the rulemaking process to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act.

 Major agenda items are as follows:

  Session on Products and Processing:

•  Characteristics of credit derivatives, including corporate index and single name CDS and other credit derivatives.
• Standardization, eligibility for clearing, and pricing issues.
• Operational issues, including credit event processing.
• Reporting to trade repositories.

 Session on Clearing Initiatives

•  Current products offered for clearing.
• Prospective products offered for clearing.
• Risk management practices, including access to price information, clearing member default management, and management of jump-to-default risk.
• Effect of clearing mandates.

 Check dodd-frank.com frequently for updates on the Dodd-Frank Act.