{"data":{"id":"us/17-cfr-50.4","jurisdiction":"us","citation":"17 CFR 50.4","heading":"Classes of swaps required to be cleared.","body":"(a) Interest rate swaps. Swaps that have the following specifications are required to be cleared under section 2(h)(1) of the Act, and shall be cleared pursuant to the rules of any derivatives clearing organization eligible to clear such swaps under § 39.5(a) of this chapter.\nTable 1 to Paragraph (a)\nSpecification Fixed-to-floating swap class\n1. Currency Australian Dollar (AUD) Canadian Dollar (CAD) Euro (EUR) Hong Kong Dollar (HKD) Mexican Peso (MXN) Norwegian Krone (NOK) Polish Zloty (PLN) Swedish Krona (SEK).\n2. Floating Rate Indexes BBSW CDOR EURIBOR HIBOR TIIE-BANXICO NIBOR WIBOR STIBOR.\n3. Stated Termination Date Range 28 days to 30 years 28 days to 30 years 28 days to 50 years 28 days to 10 years 28 days to 21 years 28 days to 10 years 28 days to 10 years 28 days to 15 years.\n4. Optionality No No No No No No No No.\n5. Dual Currencies No No No No No No No No.\n6. Conditional Notional Amounts No No No No No No No No.\nTable 2 to Paragraph (a)\nSpecification Basis swap class\n1. Currency Australian Dollar (AUD) Euro (EUR).\n2. Floating Rate Indexes BBSW EURIBOR.\n3. Stated Termination Date Range 28 days to 30 years 28 days to 50 years.\n4. Optionality No No.\n5. Dual Currencies No No.\n6. Conditional Notional Amounts No No.\nTable 3 to Paragraph (a)\nSpecification Forward rate agreement class\n1. Currency Euro (EUR) Polish Zloty (PLN) Norwegian Krone (NOK) Swedish Krona (SEK).\n2. Floating Rate Indexes EURIBOR WIBOR NIBOR STIBOR.\n3. Stated Termination Date Range 3 days to 3 years 3 days to 2 years 3 days to 2 years 3 days to 3 years.\n4. Optionality No No No No.\n5. Dual Currencies No No No No.\n6. Conditional Notional Amounts No No No No.\nTable 4 to Paragraph (a)\nSpecification Overnight index swap class\n1. Currency Australian Dollar (AUD) Canadian Dollar (CAD) Euro (EUR) Singapore Dollar (SGD) Sterling (GBP) Swiss Franc (CHF) U.S. Dollar (USD) U.S. Dollar (USD) Yen (JPY).\n2. Floating Rate Indexes AONIA-OIS CORRA-OIS €STR SORA SONIA SARON FedFunds SOFR TONA.\n3. Stated Termination Date Range 7 days to 2 years 7 days to 2 years 7 days to 3 years 7 days to 10 years 7 days to 50 years 7 days to 30 years 7 days to 3 years 7 days to 50 years 7 days to 30 years.\n4. Optionality No No No No No No No No No.\n5. Dual Currencies No No No No No No No No No.\n6. Conditional Notional Amounts No No No No No No No No No.\n(b) Credit default swaps. Swaps that have the following specifications are required to be cleared under section 2(h)(1) of the Act, and shall be cleared pursuant to the rules of any derivatives clearing organization eligible to clear such swaps under § 39.5(a) of this chapter.\nSpecification North American untranched CDS indices class\nReference Entities Corporate.\nRegion North America.\nIndices CDX.NA.IG; CDX.NA.HY.\nTenor CDX.NA.IG: 3Y, 5Y, 7Y, 10Y; CDX.NA.HY: 5Y.\nApplicable Series CDX.NA.IG 3Y: Series 15 and all subsequent Series, up to and including the current Series.\nCDX.NA.IG 5Y: Series 11 and all subsequent Series, up to and including the current Series.\nCDX.NA.IG 7Y: Series 8 and all subsequent Series, up to and including the current Series.\nCDX.NA.IG 10Y: Series 8 and all subsequent Series, up to and including the current Series.\nCDX.NA.HY 5Y: Series 11 and all subsequent Series, up to and including the current Series.\nTranched No.\nSpecification European untranched CDS indices class\nReference Entities Corporate.\nRegion Europe.\nIndices iTraxx Europe.\niTraxx Europe Crossover.\niTraxx Europe HiVol.\nTenor iTraxx Europe: 5Y, 10Y.\niTraxx Europe Crossover: 5Y.\niTraxx Europe HiVol: 5Y.\nApplicable Series iTraxx Europe 5Y: Series 10 and all subsequent Series, up to and including the current Series.\niTraxx Europe 10Y: Series 7 and all subsequent Series, up to and including the current Series.\niTraxx Europe Crossover 5Y: Series 10 and all subsequent Series, up to and including the current Series.\niTraxx Europe HiVol 5Y: Series 10 and all subsequent Series, up to and including the current Series.\nTranched No.","path":["Title 17—Commodity and Securities Exchanges","CHAPTER I—COMMODITY FUTURES TRADING COMMISSION","PART 50—CLEARING REQUIREMENT AND RELATED RULES","Subpart A—Definitions and Clearing Requirement"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-17.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:31Z","sha256":"f05adf5f6c06d809e20bc39d897031395a80e379eafae3f6f0191667147afb61","source_id":"us-cfr","stale":true,"prev":"us/17-cfr-50.3","next":"us/17-cfr-50.5"},"notice":"GroundRules: Original legal text. Not legal advice."}