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Federal credit unions can use derivatives under new NCUA rule
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Derivatives
Wednesday, January 29, 2014
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Certain well-managed federal credit unions will be permitted to engage in limited derivatives activities for the purpose of mitigating interest rate risk under rules finalized by the National Credit Union Administration (NCUA). The rule was approve on Jan. 23 and will take effect 30 days after it is published in the Federal Register. Publication is expected shortly.
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