WSPP Dodd-Frank Presentation

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WSPP Agreement Transaction As Forward Contract • The WSPP Agreement provides generally for forward contract transactions • The WSPP Agreement provides for transactions: – in nonfinancial commodities (energy, capacity, and RECs) – that are intended to be physically settled
WSPP Agreement Transaction As Forward Contract • CFTC says “book-outs” are within the forward contract exclusion where: – where two counterparties have multiple, offsetting positions with each other, and rather than requiring the effectuation of redundant deliveries and the assumption of risks attendant thereto, the two counterparties may, but are not obligated to, terminate their contracts and forego the deliveries and instead negotiate payment-of-differences pursuant to a separate cancellation agreement referred to as a book-out © Wright & Talisman, P.C. All rights reserved. www.wrightlaw.com 11
Page 1 and 2: Dodd-Frank Swap Regulations and the
Page 3 and 4: Overview of the Swap Regulations
Page 5 and 6: Overview of the Swap Regulations (c
Page 7 and 8: Overview of the Swap Regulations (c
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Page 13 and 14: WSPP Agreement Transaction As Forwa
Page 23 and 24: WSPP Agreement and the End-User Exc
Page 25: Contact For more information, pleas

WSPP Dodd-Frank Presentation

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