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CFTC Grants Ford Unit Exemption From Swaps Rules

By Ed Beeson ( May 5, 2015, 5:19 PM EDT) -- The U.S. Commodity Futures Trading Commission on Monday told the financing arm of Ford Motor Co., that subsidiaries it uses to facilitate its lending to auto borrowers should be treated as exempt from certain swap rules, even though it uses swap transactions to hedge business risks....

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