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December 22, 2014: CFTC's and SEC's joint proposed interpretation clarifying when an agreement, contract or transaction that provides for variations in delivery amount (i.e., that contains "embedded volumetric optionality") will be considered a forward contract and, thus, will be excluded from the "swap" and "future delivery" definitions in the Commodity Exchange Act (Fact Sheet on Proposed Interpretation) (33-9681) (79 FR 69073) - Submit comments to the CFTC

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