Bangladesh Textile Mills Association Writes ICA Regarding Difficulties to Fulfill Their Contracts

On July 18th, the Bangladesh Textile Mills Association (BTMA) wrote the International Cotton Association (ICA) in regarding to their inability to fulfill contracts due to the current environment. On July 22nd, ICA replied to BTMA by stating “the legal concept of force majeure is intended to cover those circumstances that could delay or impede the full execution of a contract. It does not cancel a contract or remove all obligations for either party.”

Click here for BTMA letter.

Click here for ICA reply.

More Advocacy Issues

The PDF below provides an outline of the next COVID-19 relief package agreed upon by The White House and Senate Republicans. Senate Republicans plan to release the plan today to allow for the Senate and House to begin discussion. Click here for outline.

Read More
 

CFTC’s Open Meeting

July 23rd, 2020

On July 22nd, U.S. Commodity Futures Trading Commission held an open meeting to consider two items: (1) Final Rule: Capital Requirements for Swap Dealers and Major Swap Participants; (2) Proposed Rule: Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swaps Participants. See PDF below for key takeaways and details provided by Delta Strategy […]

Read More
 

On July 21st, U.S. Commodity Futures Trading Commission’s Market Risk Advisory Committee had a meeting. See PDF below for key takeaways and details provided by Delta Strategy Group. Click here.

Read More
 

On July 16th, CFTC’s Technology Advisory Committee had a meeting to hear from the subcommittees. See PDF below for key takeaways and details provided by Delta Strategy Group. Click here.

Read More