CFTC Lets Clearinghouses Settle Daily Through Trust Companies, Not Just Banks
The CFTC now allows clearinghouses to run daily settlements through trust companies, opening the job beyond banks. Trust companies that take on the role must follow the same rules as a settlement bank. It widens who can handle the plumbing behind daily clearing.
Clearinghouses just got a wider door to settle up. The Commodity Futures Trading Commission says these firms can now handle daily settlements through trust companies — not only banks — according to Cointelegraph.
There's a catch, and the CFTC made it explicit: any trust company stepping into the role has to play by the same rulebook as a settlement bank. Same rules, same obligations, just a broader roster of institutions allowed to do the work.
Daily settlement sits at the heart of how clearinghouses square positions and move money between members. Until now, the job was reserved for banks. The CFTC's move cracks that open to a second category of institution.
The announcement landed on X with no further detail on timing or which trust companies might step forward. What's clear is the standard: the CFTC isn't loosening the requirements, it's widening who can meet them.
That distinction matters for how the change gets read — not a lighter touch on oversight, but a longer list of players held to the existing bar.
TopicsCFTC · Commodity Futures Trading Commission · Cointelegraph
Source: x.com
Written by Paparazzi with AI. Not financial advice.