MFA Submits Supplemental Letter to SEC on Tri-Party Segregation Terms

MFA submitted a supplemental letter to the SEC that proposes both required and permitted contractual terms for tri-party segregation arrangements that will be protective of the security-based swap dealer, the pledger, and the structure generally so as to render unnecessary the imposition of a capital charge on security-based swap dealers when their financial end-user counterparties elect to segregate initial margin for uncleared security-based swaps.