Letters

Guidance Relating to Upfront Payments on Swaps

Summary

SIFMA with the CME Group, Inc. (CME Group),  the North American Tax Committee of the International Swaps and  Derivatives Association (ISDA), and the Futures Industry Association (FIA) provide comments to the  Treasury Department and the Internal Revenue Service requesting they issue guidance providing  relief from the application of existing rules treating as loans for federal income tax purposes  swap upfront payments constituting “significant” nonperiodic payments.

PDF

Committee

Government Representatives Committee

Date

12

June

2014