id	sid	tid	token	lemma	pos
cblr-2872	1	1	regulation	regulation	NOUN
cblr-2872	1	2	through	through	ADP
cblr-2872	1	3	substitution	substitution	NOUN
cblr-2872	1	4	as	as	ADP
cblr-2872	1	5	policy	policy	NOUN
cblr-2872	1	6	tool	tool	NOUN
cblr-2872	1	7	:	:	PUNCT
cblr-2872	1	8	swap	swap	VERB
cblr-2872	1	9	futurization	futurization	NOUN
cblr-2872	1	10	under	under	ADP
cblr-2872	1	11	dodd	dodd	PROPN
cblr-2872	1	12	-	-	PUNCT
cblr-2872	1	13	frank	frank	ADJ
cblr-2872	1	14	regulation	regulation	NOUN
cblr-2872	1	15	through	through	ADP
cblr-2872	1	16	substitution	substitution	NOUN
cblr-2872	1	17	as	as	ADP
cblr-2872	1	18	policy	policy	NOUN
cblr-2872	1	19	tool	tool	NOUN
cblr-2872	1	20	:	:	PUNCT
cblr-2872	1	21	swap	swap	VERB
cblr-2872	1	22	futurization	futurization	NOUN
cblr-2872	1	23	under	under	ADP
cblr-2872	1	24	doddfrank	doddfrank	PROPN
cblr-2872	1	25	gabriel	gabriel	PROPN
cblr-2872	1	26	d.	d.	PROPN
cblr-2872	1	27	rosenberg	rosenberg	PROPN
cblr-2872	1	28	and	and	CCONJ
cblr-2872	1	29	jai	jai	PROPN
cblr-2872	1	30	r.	r.	PROPN
cblr-2872	1	31	massari	massari	PROPN
cblr-2872	1	32	*	*	PUNCT
cblr-2872	1	33	recently	recently	ADV
cblr-2872	1	34	,	,	PUNCT
cblr-2872	1	35	significant	significant	ADJ
cblr-2872	1	36	market	market	NOUN
cblr-2872	1	37	and	and	CCONJ
cblr-2872	1	38	regulatory	regulatory	ADJ
cblr-2872	1	39	attention	attention	NOUN
cblr-2872	1	40	has	have	AUX
cblr-2872	1	41	focused	focus	VERB
cblr-2872	1	42	on	on	ADP
cblr-2872	1	43	a	a	DET
cblr-2872	1	44	new	new	ADJ
cblr-2872	1	45	trend	trend	NOUN
cblr-2872	1	46	known	know	VERB
cblr-2872	1	47	as	as	ADP
cblr-2872	1	48	"	"	PUNCT
cblr-2872	1	49	futurization"-the	futurization"-the	DET
cblr-2872	1	50	recasting	recasting	NOUN
cblr-2872	1	51	of	of	ADP
cblr-2872	1	52	economic	economic	ADJ
cblr-2872	1	53	arrangements	arrangement	NOUN
cblr-2872	1	54	previously	previously	ADV
cblr-2872	1	55	transacted	transact	VERB
cblr-2872	1	56	as	as	ADP
cblr-2872	1	57	swaps	swap	NOUN
cblr-2872	1	58	to	to	PART
cblr-2872	1	59	trade	trade	VERB
cblr-2872	1	60	as	as	ADP
cblr-2872	1	61	futures	future	NOUN
cblr-2872	1	62	.	.	PUNCT
cblr-2872	2	1	this	this	DET
cblr-2872	2	2	trend	trend	NOUN
cblr-2872	2	3	results	result	VERB
cblr-2872	2	4	from	from	ADP
cblr-2872	2	5	new	new	ADJ
cblr-2872	2	6	regulations	regulation	NOUN
cblr-2872	2	7	governing	govern	VERB
cblr-2872	2	8	swap	swap	NOUN
cblr-2872	2	9	markets	market	NOUN
cblr-2872	2	10	under	under	ADP
cblr-2872	2	11	the	the	DET
cblr-2872	2	12	dodd	dodd	PROPN
cblr-2872	2	13	-	-	PUNCT
cblr-2872	2	14	frank	frank	PROPN
cblr-2872	2	15	act	act	PROPN
cblr-2872	2	16	,	,	PUNCT
cblr-2872	2	17	which	which	PRON
cblr-2872	2	18	increase	increase	VERB
cblr-2872	2	19	the	the	DET
cblr-2872	2	20	cost	cost	NOUN
cblr-2872	2	21	of	of	ADP
cblr-2872	2	22	transacting	transact	VERB
cblr-2872	2	23	in	in	ADP
cblr-2872	2	24	swaps	swap	NOUN
cblr-2872	2	25	.	.	PUNCT
cblr-2872	3	1	given	give	VERB
cblr-2872	3	2	the	the	DET
cblr-2872	3	3	magnitude	magnitude	NOUN
cblr-2872	3	4	of	of	ADP
cblr-2872	3	5	the	the	DET
cblr-2872	3	6	business	business	NOUN
cblr-2872	3	7	and	and	CCONJ
cblr-2872	3	8	economic	economic	ADJ
cblr-2872	3	9	interests	interest	NOUN
cblr-2872	3	10	at	at	ADP
cblr-2872	3	11	stake	stake	NOUN
cblr-2872	3	12	-	-	PUNCT
cblr-2872	3	13	the	the	DET
cblr-2872	3	14	swap	swap	NOUN
cblr-2872	3	15	market	market	NOUN
cblr-2872	3	16	is	be	AUX
cblr-2872	3	17	estimated	estimate	VERB
cblr-2872	3	18	at	at	ADP
cblr-2872	3	19	$	$	SYM
cblr-2872	3	20	633	633	NUM
cblr-2872	3	21	trillion	trillion	NUM
cblr-2872	3	22	and	and	CCONJ
cblr-2872	3	23	the	the	DET
cblr-2872	3	24	futures	future	NOUN
cblr-2872	3	25	market	market	NOUN
cblr-2872	3	26	is	be	AUX
cblr-2872	3	27	estimated	estimate	VERB
cblr-2872	3	28	to	to	PART
cblr-2872	3	29	be	be	AUX
cblr-2872	3	30	$	$	SYM
cblr-2872	3	31	24	24	NUM
cblr-2872	3	32	trillion	trillion	NUM
cblr-2872	3	33	-	-	PUNCT
cblr-2872	3	34	the	the	DET
cblr-2872	3	35	futurization	futurization	NOUN
cblr-2872	3	36	trend	trend	NOUN
cblr-2872	3	37	has	have	VERB
cblr-2872	3	38	significant	significant	ADJ
cblr-2872	3	39	implications	implication	NOUN
cblr-2872	3	40	for	for	ADP
cblr-2872	3	41	the	the	DET
cblr-2872	3	42	success	success	NOUN
cblr-2872	3	43	of	of	ADP
cblr-2872	3	44	the	the	DET
cblr-2872	3	45	dodd	dodd	PROPN
cblr-2872	3	46	-	-	PUNCT
cblr-2872	3	47	frank	frank	PROPN
cblr-2872	3	48	act	act	PROPN
cblr-2872	3	49	's	's	PART
cblr-2872	3	50	swap	swap	NOUN
cblr-2872	3	51	market	market	NOUN
cblr-2872	3	52	reforms	reform	NOUN
cblr-2872	3	53	and	and	CCONJ
cblr-2872	3	54	can	can	AUX
cblr-2872	3	55	provide	provide	VERB
cblr-2872	3	56	important	important	ADJ
cblr-2872	3	57	insights	insight	NOUN
cblr-2872	3	58	to	to	ADP
cblr-2872	3	59	the	the	DET
cblr-2872	3	60	commodity	commodity	NOUN
cblr-2872	3	61	futures	futures	PROPN
cblr-2872	3	62	trading	trading	NOUN
cblr-2872	3	63	commission	commission	NOUN
cblr-2872	3	64	(	(	PUNCT
cblr-2872	3	65	"	"	PUNCT
cblr-2872	3	66	cftc	cftc	PROPN
cblr-2872	3	67	"	"	PUNCT
cblr-2872	3	68	)	)	PUNCT
cblr-2872	3	69	and	and	CCONJ
cblr-2872	3	70	other	other	ADJ
cblr-2872	3	71	regulatory	regulatory	ADJ
cblr-2872	3	72	agencies	agency	NOUN
cblr-2872	3	73	as	as	SCONJ
cblr-2872	3	74	they	they	PRON
cblr-2872	3	75	seek	seek	VERB
cblr-2872	3	76	to	to	PART
cblr-2872	3	77	protect	protect	VERB
cblr-2872	3	78	financial	financial	ADJ
cblr-2872	3	79	markets	market	NOUN
cblr-2872	3	80	in	in	ADP
cblr-2872	3	81	the	the	DET
cblr-2872	3	82	post	post	ADJ
cblr-2872	3	83	-	-	ADJ
cblr-2872	3	84	financial	financial	ADJ
cblr-2872	3	85	crisis	crisis	NOUN
cblr-2872	3	86	environment	environment	NOUN
cblr-2872	3	87	.	.	PUNCT
cblr-2872	4	1	this	this	DET
cblr-2872	4	2	article	article	NOUN
cblr-2872	4	3	is	be	AUX
cblr-2872	4	4	the	the	DET
cblr-2872	4	5	first	first	ADJ
cblr-2872	4	6	to	to	PART
cblr-2872	4	7	provide	provide	VERB
cblr-2872	4	8	an	an	DET
cblr-2872	4	9	academic	academic	ADJ
cblr-2872	4	10	treatment	treatment	NOUN
cblr-2872	4	11	of	of	ADP
cblr-2872	4	12	this	this	DET
cblr-2872	4	13	trend	trend	NOUN
cblr-2872	4	14	and	and	CCONJ
cblr-2872	4	15	its	its	PRON
cblr-2872	4	16	implications	implication	NOUN
cblr-2872	4	17	for	for	ADP
cblr-2872	4	18	regulatory	regulatory	ADJ
cblr-2872	4	19	policymaking	policymaking	NOUN
cblr-2872	4	20	.	.	PUNCT
cblr-2872	5	1	we	we	PRON
cblr-2872	5	2	develop	develop	VERB
cblr-2872	5	3	a	a	DET
cblr-2872	5	4	simple	simple	ADJ
cblr-2872	5	5	economic	economic	ADJ
cblr-2872	5	6	model	model	NOUN
cblr-2872	5	7	to	to	PART
cblr-2872	5	8	explain	explain	VERB
cblr-2872	5	9	how	how	SCONJ
cblr-2872	5	10	regulators	regulator	NOUN
cblr-2872	5	11	can	can	AUX
cblr-2872	5	12	"	"	PUNCT
cblr-2872	5	13	regulate	regulate	VERB
cblr-2872	5	14	through	through	ADP
cblr-2872	5	15	substitution	substitution	NOUN
cblr-2872	5	16	"	"	PUNCT
cblr-2872	5	17	by	by	ADP
cblr-2872	5	18	encouraging	encourage	VERB
cblr-2872	5	19	market	market	NOUN
cblr-2872	5	20	participants	participant	NOUN
cblr-2872	5	21	to	to	PART
cblr-2872	5	22	subject	subject	VERB
cblr-2872	5	23	themselves	themselves	PRON
cblr-2872	5	24	to	to	ADP
cblr-2872	5	25	one	one	NUM
cblr-2872	5	26	regulatory	regulatory	ADJ
cblr-2872	5	27	regime	regime	NOUN
cblr-2872	5	28	versus	versus	ADP
cblr-2872	5	29	another	another	PRON
cblr-2872	5	30	through	through	ADP
cblr-2872	5	31	the	the	DET
cblr-2872	5	32	imposition	imposition	NOUN
cblr-2872	5	33	of	of	ADP
cblr-2872	5	34	*	*	PROPN
cblr-2872	5	35	associates	associates	PROPN
cblr-2872	5	36	,	,	PUNCT
cblr-2872	5	37	davis	davis	PROPN
cblr-2872	5	38	polk	polk	PROPN
cblr-2872	5	39	&	&	CCONJ
cblr-2872	5	40	wardwell	wardwell	PROPN
cblr-2872	5	41	llp	llp	PROPN
cblr-2872	5	42	,	,	PUNCT
cblr-2872	5	43	financial	financial	ADJ
cblr-2872	5	44	.	.	PUNCT
cblr-2872	6	1	institutions	institution	NOUN
cblr-2872	6	2	group	group	NOUN
cblr-2872	6	3	.	.	PUNCT
cblr-2872	7	1	the	the	DET
cblr-2872	7	2	views	view	NOUN
cblr-2872	7	3	expressed	express	VERB
cblr-2872	7	4	in	in	ADP
cblr-2872	7	5	this	this	DET
cblr-2872	7	6	article	article	NOUN
cblr-2872	7	7	are	be	AUX
cblr-2872	7	8	the	the	DET
cblr-2872	7	9	authors	author	NOUN
cblr-2872	7	10	'	'	PART
cblr-2872	7	11	own	own	ADJ
cblr-2872	7	12	and	and	CCONJ
cblr-2872	7	13	do	do	AUX
cblr-2872	7	14	not	not	PART
cblr-2872	7	15	reflect	reflect	VERB
cblr-2872	7	16	the	the	DET
cblr-2872	7	17	views	view	NOUN
cblr-2872	7	18	of	of	ADP
cblr-2872	7	19	davis	davis	PROPN
cblr-2872	7	20	polk	polk	PROPN
cblr-2872	7	21	&	&	CCONJ
cblr-2872	7	22	wardwell	wardwell	PROPN
cblr-2872	7	23	llp	llp	PROPN
cblr-2872	7	24	.	.	PUNCT
cblr-2872	8	1	the	the	DET
cblr-2872	8	2	authors	author	NOUN
cblr-2872	8	3	thank	thank	VERB
cblr-2872	8	4	quinn	quinn	PROPN
cblr-2872	8	5	curtis	curtis	PROPN
cblr-2872	8	6	,	,	PUNCT
cblr-2872	8	7	aman	aman	PROPN
cblr-2872	8	8	george	george	PROPN
cblr-2872	8	9	,	,	PUNCT
cblr-2872	8	10	howell	howell	PROPN
cblr-2872	8	11	jackson	jackson	PROPN
cblr-2872	8	12	,	,	PUNCT
cblr-2872	8	13	nina	nina	PROPN
cblr-2872	8	14	kovalenko	kovalenko	PROPN
cblr-2872	8	15	,	,	PUNCT
cblr-2872	8	16	jacob	jacob	PROPN
cblr-2872	8	17	lieberman	lieberman	PROPN
cblr-2872	8	18	,	,	PUNCT
cblr-2872	8	19	john	john	PROPN
cblr-2872	8	20	morley	morley	PROPN
cblr-2872	8	21	,	,	PUNCT
cblr-2872	8	22	annette	annette	PROPN
cblr-2872	8	23	l.	l.	PROPN
cblr-2872	8	24	nazareth	nazareth	PROPN
cblr-2872	8	25	,	,	PUNCT
cblr-2872	8	26	kelley	kelley	PROPN
cblr-2872	8	27	o'mara	o'mara	PROPN
cblr-2872	8	28	,	,	PUNCT
cblr-2872	8	29	mark	mark	PROPN
cblr-2872	8	30	roe	roe	PROPN
cblr-2872	8	31	,	,	PUNCT
cblr-2872	8	32	lanny	lanny	PROPN
cblr-2872	8	33	a.	a.	PROPN
cblr-2872	8	34	schwartz	schwartz	PROPN
cblr-2872	8	35	,	,	PUNCT
cblr-2872	8	36	and	and	CCONJ
cblr-2872	8	37	yesha	yesha	PROPN
cblr-2872	8	38	yadav	yadav	PROPN
cblr-2872	8	39	for	for	ADP
cblr-2872	8	40	their	their	PRON
cblr-2872	8	41	helpful	helpful	ADJ
cblr-2872	8	42	comments	comment	NOUN
cblr-2872	8	43	and	and	CCONJ
cblr-2872	8	44	discussions	discussion	NOUN
cblr-2872	8	45	.	.	PUNCT
cblr-2872	9	1	the	the	DET
cblr-2872	9	2	authors	author	NOUN
cblr-2872	9	3	would	would	AUX
cblr-2872	9	4	also	also	ADV
cblr-2872	9	5	like	like	VERB
cblr-2872	9	6	to	to	PART
cblr-2872	9	7	thank	thank	VERB
cblr-2872	9	8	franca	franca	NOUN
cblr-2872	9	9	franz	franz	PROPN
cblr-2872	9	10	,	,	PUNCT
cblr-2872	9	11	polly	polly	PROPN
cblr-2872	9	12	klyce	klyce	PROPN
cblr-2872	9	13	pennoyer	pennoyer	PROPN
cblr-2872	9	14	,	,	PUNCT
cblr-2872	9	15	and	and	CCONJ
cblr-2872	9	16	dana	dana	PROPN
cblr-2872	9	17	seesel	seesel	PROPN
cblr-2872	9	18	for	for	ADP
cblr-2872	9	19	research	research	NOUN
cblr-2872	9	20	assistance	assistance	NOUN
cblr-2872	9	21	.	.	PUNCT
cblr-2872	10	1	all	all	DET
cblr-2872	10	2	errors	error	NOUN
cblr-2872	10	3	are	be	AUX
cblr-2872	10	4	our	our	PRON
cblr-2872	10	5	own	own	ADJ
cblr-2872	10	6	.	.	PUNCT
cblr-2872	11	1	differential	differential	ADJ
cblr-2872	11	2	regulatory	regulatory	ADJ
cblr-2872	11	3	costs	cost	NOUN
cblr-2872	11	4	.	.	PUNCT
cblr-2872	12	1	by	by	ADP
cblr-2872	12	2	applying	apply	VERB
cblr-2872	12	3	this	this	DET
cblr-2872	12	4	model	model	NOUN
cblr-2872	12	5	to	to	ADP
cblr-2872	12	6	three	three	NUM
cblr-2872	12	7	critical	critical	ADJ
cblr-2872	12	8	areas	area	NOUN
cblr-2872	12	9	of	of	ADP
cblr-2872	12	10	cftc	cftc	PROPN
cblr-2872	12	11	swap	swap	VERB
cblr-2872	12	12	rulemaking	rulemaking	ADJ
cblr-2872	12	13	-	-	PUNCT
cblr-2872	12	14	margin	margin	NOUN
cblr-2872	12	15	requirements	requirement	NOUN
cblr-2872	12	16	,	,	PUNCT
cblr-2872	12	17	protection	protection	NOUN
cblr-2872	12	18	of	of	ADP
cblr-2872	12	19	customer	customer	NOUN
cblr-2872	12	20	collateral	collateral	NOUN
cblr-2872	12	21	,	,	PUNCT
cblr-2872	12	22	and	and	CCONJ
cblr-2872	12	23	public	public	ADJ
cblr-2872	12	24	dissemination	dissemination	NOUN
cblr-2872	12	25	of	of	ADP
cblr-2872	12	26	swap	swap	NOUN
cblr-2872	12	27	trading	trading	NOUN
cblr-2872	12	28	data	datum	NOUN
cblr-2872	12	29	-	-	PUNCT
cblr-2872	12	30	we	we	PRON
cblr-2872	12	31	predict	predict	VERB
cblr-2872	12	32	the	the	DET
cblr-2872	12	33	futurization	futurization	NOUN
cblr-2872	12	34	effects	effect	NOUN
cblr-2872	12	35	of	of	ADP
cblr-2872	12	36	these	these	DET
cblr-2872	12	37	regulations	regulation	NOUN
cblr-2872	12	38	,	,	PUNCT
cblr-2872	12	39	which	which	PRON
cblr-2872	12	40	are	be	AUX
cblr-2872	12	41	in	in	ADP
cblr-2872	12	42	some	some	DET
cblr-2872	12	43	cases	case	NOUN
cblr-2872	12	44	contrary	contrary	ADJ
cblr-2872	12	45	to	to	ADP
cblr-2872	12	46	what	what	PRON
cblr-2872	12	47	might	might	AUX
cblr-2872	12	48	be	be	AUX
cblr-2872	12	49	expected	expect	VERB
cblr-2872	12	50	or	or	CCONJ
cblr-2872	12	51	desired	desire	VERB
cblr-2872	12	52	.	.	PUNCT
cblr-2872	13	1	in	in	ADP
cblr-2872	13	2	doing	do	VERB
cblr-2872	13	3	so	so	ADV
cblr-2872	13	4	,	,	PUNCT
cblr-2872	13	5	we	we	PRON
cblr-2872	13	6	demonstrate	demonstrate	VERB
cblr-2872	13	7	how	how	SCONJ
cblr-2872	13	8	the	the	DET
cblr-2872	13	9	common	common	ADJ
cblr-2872	13	10	view	view	NOUN
cblr-2872	13	11	of	of	ADP
cblr-2872	13	12	futurization	futurization	NOUN
cblr-2872	13	13	as	as	ADP
cblr-2872	13	14	a	a	DET
cblr-2872	13	15	trend	trend	NOUN
cblr-2872	13	16	affecting	affect	VERB
cblr-2872	13	17	the	the	DET
cblr-2872	13	18	swap	swap	NOUN
cblr-2872	13	19	markets	market	NOUN
cblr-2872	13	20	in	in	ADP
cblr-2872	13	21	a	a	DET
cblr-2872	13	22	uniform	uniform	ADJ
cblr-2872	13	23	manner	manner	NOUN
cblr-2872	13	24	is	be	AUX
cblr-2872	13	25	overly	overly	ADV
cblr-2872	13	26	simplistic	simplistic	ADJ
cblr-2872	13	27	and	and	CCONJ
cblr-2872	13	28	obscures	obscure	VERB
cblr-2872	13	29	the	the	DET
cblr-2872	13	30	important	important	ADJ
cblr-2872	13	31	lessons	lesson	NOUN
cblr-2872	13	32	of	of	ADP
cblr-2872	13	33	futurization	futurization	NOUN
cblr-2872	13	34	.	.	PUNCT
cblr-2872	14	1	armed	arm	VERB
cblr-2872	14	2	with	with	ADP
cblr-2872	14	3	this	this	DET
cblr-2872	14	4	predictive	predictive	ADJ
cblr-2872	14	5	tool	tool	NOUN
cblr-2872	14	6	,	,	PUNCT
cblr-2872	14	7	we	we	PRON
cblr-2872	14	8	believe	believe	VERB
cblr-2872	14	9	that	that	SCONJ
cblr-2872	14	10	the	the	DET
cblr-2872	14	11	cftc	cftc	PROPN
cblr-2872	14	12	can	can	AUX
cblr-2872	14	13	apply	apply	VERB
cblr-2872	14	14	the	the	DET
cblr-2872	14	15	regulation	regulation	NOUN
cblr-2872	14	16	through	through	ADP
cblr-2872	14	17	substitution	substitution	NOUN
cblr-2872	14	18	analysis	analysis	NOUN
cblr-2872	14	19	to	to	ADP
cblr-2872	14	20	better	well	ADJ
cblr-2872	14	21	design	design	NOUN
cblr-2872	14	22	regulations	regulation	NOUN
cblr-2872	14	23	,	,	PUNCT
cblr-2872	14	24	to	to	PART
cblr-2872	14	25	achieve	achieve	VERB
cblr-2872	14	26	its	its	PRON
cblr-2872	14	27	policy	policy	NOUN
cblr-2872	14	28	goals	goal	NOUN
cblr-2872	14	29	,	,	PUNCT
cblr-2872	14	30	and	and	CCONJ
cblr-2872	14	31	to	to	PART
cblr-2872	14	32	assess	assess	VERB
cblr-2872	14	33	the	the	DET
cblr-2872	14	34	costs	cost	NOUN
cblr-2872	14	35	and	and	CCONJ
cblr-2872	14	36	benefits	benefit	NOUN
cblr-2872	14	37	of	of	ADP
cblr-2872	14	38	proposed	propose	VERB
cblr-2872	14	39	regulations	regulation	NOUN
cblr-2872	14	40	.	.	PUNCT
cblr-2872	15	1	this	this	DET
cblr-2872	15	2	same	same	ADJ
cblr-2872	15	3	tool	tool	NOUN
cblr-2872	15	4	can	can	AUX
cblr-2872	15	5	be	be	AUX
cblr-2872	15	6	used	use	VERB
cblr-2872	15	7	by	by	ADP
cblr-2872	15	8	other	other	ADJ
cblr-2872	15	9	regulators	regulator	NOUN
cblr-2872	15	10	that	that	PRON
cblr-2872	15	11	similarly	similarly	ADV
cblr-2872	15	12	oversee	oversee	VERB
cblr-2872	15	13	multiple	multiple	ADJ
cblr-2872	15	14	related	relate	VERB
cblr-2872	15	15	regulatory	regulatory	ADJ
cblr-2872	15	16	regimes	regime	NOUN
cblr-2872	15	17	to	to	PART
cblr-2872	15	18	better	well	ADV
cblr-2872	15	19	implement	implement	VERB
cblr-2872	15	20	their	their	PRON
cblr-2872	15	21	policy	policy	NOUN
cblr-2872	15	22	concerns	concern	NOUN
cblr-2872	15	23	in	in	ADP
cblr-2872	15	24	similar	similar	ADJ
cblr-2872	15	25	contexts	contexts	NOUN
cblr-2872	15	26	.	.	PUNCT
cblr-2872	16	1	i.	i.	PROPN
cblr-2872	16	2	introduction	introduction	NOUN
cblr-2872	16	3	.......................	.......................	PUNCT
cblr-2872	16	4	......	......	PUNCT
cblr-2872	17	1	669	669	NUM
cblr-2872	17	2	ii	ii	NOUN
cblr-2872	17	3	.	.	PUNCT
cblr-2872	18	1	futures	future	NOUN
cblr-2872	18	2	,	,	PUNCT
cblr-2872	18	3	swaps	swap	NOUN
cblr-2872	18	4	,	,	PUNCT
cblr-2872	18	5	and	and	CCONJ
cblr-2872	18	6	"	"	PUNCT
cblr-2872	18	7	futurization"	futurization"	PROPN
cblr-2872	18	8	..............	..............	PUNCT
cblr-2872	18	9	675	675	NUM
cblr-2872	18	10	a.	a.	NOUN
cblr-2872	18	11	a	a	DET
cblr-2872	18	12	primer	primer	NOUN
cblr-2872	18	13	on	on	ADP
cblr-2872	18	14	futures	future	NOUN
cblr-2872	18	15	and	and	CCONJ
cblr-2872	18	16	swaps	swap	NOUN
cblr-2872	18	17	................	................	PUNCT
cblr-2872	18	18	675	675	NUM
cblr-2872	18	19	1	1	NUM
cblr-2872	18	20	.	.	PUNCT
cblr-2872	18	21	futures	future	NOUN
cblr-2872	18	22	......................	......................	PUNCT
cblr-2872	19	1	.....	.....	PUNCT
cblr-2872	19	2	676	676	NUM
cblr-2872	19	3	2	2	NUM
cblr-2872	19	4	.	.	PUNCT
cblr-2872	19	5	swaps	swap	NOUN
cblr-2872	19	6	............................	............................	PUNCT
cblr-2872	19	7	678	678	NUM
cblr-2872	19	8	3	3	NUM
cblr-2872	19	9	.	.	PUNCT
cblr-2872	20	1	economic	economic	ADJ
cblr-2872	20	2	comparison	comparison	NOUN
cblr-2872	20	3	of	of	ADP
cblr-2872	20	4	futures	future	NOUN
cblr-2872	20	5	and	and	CCONJ
cblr-2872	20	6	swaps	swap	NOUN
cblr-2872	20	7	..............................	..............................	PUNCT
cblr-2872	20	8	680	680	NUM
cblr-2872	20	9	b.	b.	PROPN
cblr-2872	20	10	regulation	regulation	NOUN
cblr-2872	20	11	of	of	ADP
cblr-2872	20	12	futures	future	NOUN
cblr-2872	20	13	and	and	CCONJ
cblr-2872	20	14	swaps	swap	NOUN
cblr-2872	20	15	....	....	PUNCT
cblr-2872	21	1	......	......	PUNCT
cblr-2872	22	1	684	684	NUM
cblr-2872	22	2	c.	c.	NOUN
cblr-2872	22	3	the	the	DET
cblr-2872	22	4	financial	financial	ADJ
cblr-2872	22	5	crisis	crisis	NOUN
cblr-2872	22	6	and	and	CCONJ
cblr-2872	22	7	dodd	dodd	PROPN
cblr-2872	22	8	-	-	PUNCT
cblr-2872	22	9	frank	frank	PROPN
cblr-2872	22	10	................	................	PUNCT
cblr-2872	22	11	688	688	NUM
cblr-2872	22	12	d.	d.	NOUN
cblr-2872	22	13	the	the	DET
cblr-2872	22	14	futurization	futurization	NOUN
cblr-2872	22	15	debate	debate	VERB
cblr-2872	22	16	............	............	PUNCT
cblr-2872	22	17	.....	.....	PUNCT
cblr-2872	23	1	693	693	NUM
cblr-2872	23	2	iii	iii	NOUN
cblr-2872	23	3	.	.	PUNCT
cblr-2872	24	1	a	a	DET
cblr-2872	24	2	model	model	NOUN
cblr-2872	24	3	of	of	ADP
cblr-2872	24	4	regulation	regulation	NOUN
cblr-2872	24	5	through	through	ADP
cblr-2872	24	6	substitution	substitution	NOUN
cblr-2872	24	7	:	:	PUNCT
cblr-2872	24	8	absolute	absolute	ADJ
cblr-2872	24	9	vs.	vs.	ADP
cblr-2872	24	10	relative	relative	ADJ
cblr-2872	24	11	costs	cost	NOUN
cblr-2872	24	12	of	of	ADP
cblr-2872	24	13	regulation	regulation	NOUN
cblr-2872	24	14	.................	.................	PUNCT
cblr-2872	24	15	695	695	NUM
cblr-2872	24	16	iv	iv	NOUN
cblr-2872	24	17	.	.	PUNCT
cblr-2872	24	18	application	application	NOUN
cblr-2872	24	19	of	of	ADP
cblr-2872	24	20	the	the	DET
cblr-2872	24	21	model	model	NOUN
cblr-2872	24	22	to	to	ADP
cblr-2872	24	23	dodd	dodd	PROPN
cblr-2872	24	24	-	-	PUNCT
cblr-2872	24	25	frank	frank	PROPN
cblr-2872	24	26	's	's	PART
cblr-2872	24	27	swap	swap	NOUN
cblr-2872	24	28	regulations	regulation	NOUN
cblr-2872	24	29	and	and	CCONJ
cblr-2872	24	30	the	the	DET
cblr-2872	24	31	futurization	futurization	NOUN
cblr-2872	24	32	debate	debate	NOUN
cblr-2872	24	33	.................	.................	PUNCT
cblr-2872	24	34	700	700	NUM
cblr-2872	24	35	a.	a.	NOUN
cblr-2872	24	36	dodd	dodd	PROPN
cblr-2872	24	37	-	-	PUNCT
cblr-2872	24	38	frank	frank	PROPN
cblr-2872	24	39	as	as	ADP
cblr-2872	24	40	an	an	DET
cblr-2872	24	41	increase	increase	NOUN
cblr-2872	24	42	in	in	ADP
cblr-2872	24	43	the	the	DET
cblr-2872	24	44	absolute	absolute	ADJ
cblr-2872	24	45	cost	cost	NOUN
cblr-2872	24	46	of	of	ADP
cblr-2872	24	47	swaps	swap	NOUN
cblr-2872	24	48	................................	................................	PUNCT
cblr-2872	24	49	702	702	NUM
cblr-2872	24	50	1	1	NUM
cblr-2872	24	51	.	.	PUNCT
cblr-2872	24	52	internalizing	internalize	VERB
cblr-2872	24	53	absolute	absolute	ADJ
cblr-2872	24	54	cost	cost	NOUN
cblr-2872	24	55	externalities	externality	NOUN
cblr-2872	24	56	.....	.....	PUNCT
cblr-2872	24	57	702	702	NUM
cblr-2872	24	58	2	2	NUM
cblr-2872	24	59	.	.	PUNCT
cblr-2872	24	60	aligning	align	VERB
cblr-2872	24	61	perceived	perceive	VERB
cblr-2872	24	62	absolute	absolute	ADJ
cblr-2872	24	63	costs	cost	NOUN
cblr-2872	24	64	................	................	PUNCT
cblr-2872	24	65	707	707	NUM
cblr-2872	24	66	b.	b.	NOUN
cblr-2872	24	67	futurization	futurization	NOUN
cblr-2872	24	68	as	as	ADP
cblr-2872	24	69	a	a	DET
cblr-2872	24	70	change	change	NOUN
cblr-2872	24	71	in	in	ADP
cblr-2872	24	72	the	the	DET
cblr-2872	24	73	relative	relative	ADJ
cblr-2872	24	74	costs	cost	NOUN
cblr-2872	24	75	of	of	ADP
cblr-2872	24	76	swaps	swap	NOUN
cblr-2872	24	77	and	and	CCONJ
cblr-2872	24	78	futures	future	NOUN
cblr-2872	24	79	.........	.........	PUNCT
cblr-2872	25	1	..............	..............	PUNCT
cblr-2872	25	2	708	708	NUM
cblr-2872	25	3	668	668	NUM
cblr-2872	25	4	col	col	NOUN
cblr-2872	25	5	umia	umia	NOUN
cblr-2872	25	6	b	b	PROPN
cblr-2872	26	1	usiness	usiness	PROPN
cblr-2872	26	2	la	la	PROPN
cblr-2872	26	3	w	w	PROPN
cblr-2872	26	4	re	re	PROPN
cblr-2872	26	5	vie	vie	PROPN
cblr-2872	26	6	w	w	PROPN
cblr-2872	27	1	[	[	X
cblr-2872	27	2	vol	vol	NOUN
cblr-2872	27	3	.	.	PUNCT
cblr-2872	27	4	2013	2013	NUM
cblr-2872	27	5	regulation	regulation	NOUN
cblr-2872	27	6	through	through	ADP
cblr-2872	27	7	substitution	substitution	NOUN
cblr-2872	27	8	v.	v.	ADP
cblr-2872	27	9	deconstructing	deconstruct	VERB
cblr-2872	27	10	futurization	futurization	NOUN
cblr-2872	27	11	:	:	PUNCT
cblr-2872	27	12	the	the	DET
cblr-2872	27	13	differential	differential	ADJ
cblr-2872	27	14	relative	relative	ADJ
cblr-2872	27	15	cost	cost	NOUN
cblr-2872	27	16	effects	effect	NOUN
cblr-2872	27	17	of	of	ADP
cblr-2872	27	18	three	three	NUM
cblr-2872	27	19	key	key	ADJ
cblr-2872	27	20	regulations	regulation	NOUN
cblr-2872	27	21	.......	.......	PUNCT
cblr-2872	27	22	712	712	NUM
cblr-2872	27	23	a.	a.	NOUN
cblr-2872	27	24	margin	margin	NOUN
cblr-2872	27	25	requirements	requirement	NOUN
cblr-2872	27	26	for	for	ADP
cblr-2872	27	27	swaps	swap	NOUN
cblr-2872	27	28	and	and	CCONJ
cblr-2872	27	29	futures	future	NOUN
cblr-2872	27	30	...	...	PUNCT
cblr-2872	27	31	713	713	NUM
cblr-2872	27	32	1	1	NUM
cblr-2872	27	33	.	.	PUNCT
cblr-2872	28	1	the	the	DET
cblr-2872	28	2	regulatory	regulatory	ADJ
cblr-2872	28	3	regime	regime	NOUN
cblr-2872	28	4	.........	.........	PUNCT
cblr-2872	28	5	.......	.......	PUNCT
cblr-2872	28	6	715	715	NUM
cblr-2872	28	7	2	2	X
cblr-2872	28	8	.	.	PUNCT
cblr-2872	28	9	futurization	futurization	NOUN
cblr-2872	28	10	implications	implication	NOUN
cblr-2872	28	11	..............	..............	PUNCT
cblr-2872	28	12	720	720	NUM
cblr-2872	28	13	b.	b.	NOUN
cblr-2872	28	14	protection	protection	NOUN
cblr-2872	28	15	of	of	ADP
cblr-2872	28	16	cleared	clear	VERB
cblr-2872	28	17	customer	customer	NOUN
cblr-2872	28	18	collateral	collateral	NOUN
cblr-2872	28	19	.........	.........	PUNCT
cblr-2872	28	20	721	721	NUM
cblr-2872	28	21	1	1	NUM
cblr-2872	28	22	.	.	PUNCT
cblr-2872	29	1	the	the	DET
cblr-2872	29	2	regulatory	regulatory	ADJ
cblr-2872	29	3	regime	regime	NOUN
cblr-2872	29	4	...........	...........	PUNCT
cblr-2872	29	5	.....	.....	PUNCT
cblr-2872	29	6	723	723	NUM
cblr-2872	29	7	2	2	NUM
cblr-2872	29	8	.	.	PUNCT
cblr-2872	29	9	futurization	futurization	NOUN
cblr-2872	29	10	implications	implication	NOUN
cblr-2872	29	11	.......	.......	PUNCT
cblr-2872	29	12	.......	.......	PUNCT
cblr-2872	29	13	726	726	NUM
cblr-2872	29	14	c.	c.	PROPN
cblr-2872	29	15	post	post	ADJ
cblr-2872	29	16	-	-	ADJ
cblr-2872	29	17	trade	trade	ADJ
cblr-2872	29	18	transparency	transparency	NOUN
cblr-2872	29	19	of	of	ADP
cblr-2872	29	20	transaction	transaction	NOUN
cblr-2872	29	21	data	datum	NOUN
cblr-2872	29	22	..	..	PUNCT
cblr-2872	29	23	728	728	NUM
cblr-2872	29	24	1	1	NUM
cblr-2872	29	25	.	.	PUNCT
cblr-2872	30	1	the	the	DET
cblr-2872	30	2	regulatory	regulatory	ADJ
cblr-2872	30	3	regime	regime	NOUN
cblr-2872	30	4	...........	...........	PUNCT
cblr-2872	30	5	.....	.....	PUNCT
cblr-2872	30	6	731	731	NUM
cblr-2872	30	7	2	2	X
cblr-2872	30	8	.	.	PUNCT
cblr-2872	30	9	futurization	futurization	NOUN
cblr-2872	30	10	implications	implication	NOUN
cblr-2872	30	11	..............	..............	PUNCT
cblr-2872	30	12	734	734	NUM
cblr-2872	30	13	vi	vi	NOUN
cblr-2872	30	14	.	.	PUNCT
cblr-2872	30	15	policy	policy	NOUN
cblr-2872	30	16	implications	implication	NOUN
cblr-2872	30	17	of	of	ADP
cblr-2872	30	18	regulation	regulation	NOUN
cblr-2872	30	19	through	through	ADP
cblr-2872	30	20	substitution	substitution	NOUN
cblr-2872	30	21	and	and	CCONJ
cblr-2872	30	22	conclusion	conclusion	NOUN
cblr-2872	30	23	...........	...........	PUNCT
cblr-2872	30	24	......	......	PUNCT
cblr-2872	30	25	738	738	NUM
cblr-2872	30	26	i.	i.	NOUN
cblr-2872	30	27	introduction	introduction	NOUN
cblr-2872	30	28	"	"	PUNCT
cblr-2872	30	29	now	now	ADV
cblr-2872	30	30	that	that	SCONJ
cblr-2872	30	31	the	the	DET
cblr-2872	30	32	entire	entire	ADJ
cblr-2872	30	33	derivatives	derivative	NOUN
cblr-2872	30	34	marketplace	marketplace	NOUN
cblr-2872	30	35	,	,	PUNCT
cblr-2872	30	36	both	both	CCONJ
cblr-2872	30	37	futures	future	NOUN
cblr-2872	30	38	and	and	CCONJ
cblr-2872	30	39	swaps	swap	NOUN
cblr-2872	30	40	,	,	PUNCT
cblr-2872	30	41	have	have	AUX
cblr-2872	30	42	come	come	VERB
cblr-2872	30	43	under	under	ADP
cblr-2872	30	44	comprehensive	comprehensive	ADJ
cblr-2872	30	45	oversight	oversight	NOUN
cblr-2872	30	46	,	,	PUNCT
cblr-2872	30	47	i	i	PRON
cblr-2872	30	48	think	think	VERB
cblr-2872	30	49	it	it	PRON
cblr-2872	30	50	's	be	AUX
cblr-2872	30	51	the	the	DET
cblr-2872	30	52	natural	natural	ADJ
cblr-2872	30	53	order	order	NOUN
cblr-2872	30	54	of	of	ADP
cblr-2872	30	55	things	thing	NOUN
cblr-2872	30	56	for	for	ADP
cblr-2872	30	57	some	some	DET
cblr-2872	30	58	realignment	realignment	NOUN
cblr-2872	30	59	to	to	PART
cblr-2872	30	60	take	take	VERB
cblr-2872	30	61	place	place	NOUN
cblr-2872	30	62	.	.	PUNCT
cblr-2872	30	63	"	"	PUNCT
cblr-2872	31	1	cftc	cftc	PROPN
cblr-2872	31	2	chairman	chairman	PROPN
cblr-2872	31	3	gary	gary	PROPN
cblr-2872	31	4	gensler	gensler	PROPN
cblr-2872	31	5	,	,	PUNCT
cblr-2872	31	6	cftc	cftc	PROPN
cblr-2872	31	7	public	public	ADJ
cblr-2872	31	8	roundtable	roundtable	NOUN
cblr-2872	31	9	on	on	ADP
cblr-2872	31	10	futurization	futurization	NOUN
cblr-2872	31	11	of	of	ADP
cblr-2872	31	12	swaps	swap	NOUN
cblr-2872	31	13	,	,	PUNCT
cblr-2872	31	14	january	january	PROPN
cblr-2872	31	15	31	31	NUM
cblr-2872	31	16	,	,	PUNCT
cblr-2872	31	17	2013	2013	NUM
cblr-2872	31	18	recently	recently	ADV
cblr-2872	31	19	,	,	PUNCT
cblr-2872	31	20	'	'	PUNCT
cblr-2872	31	21	much	much	ADJ
cblr-2872	31	22	attention	attention	NOUN
cblr-2872	31	23	has	have	AUX
cblr-2872	31	24	been	be	AUX
cblr-2872	31	25	paid	pay	VERB
cblr-2872	31	26	to	to	ADP
cblr-2872	31	27	a	a	DET
cblr-2872	31	28	trend	trend	NOUN
cblr-2872	31	29	known	know	VERB
cblr-2872	31	30	as	as	ADP
cblr-2872	31	31	"	"	PUNCT
cblr-2872	31	32	futurization"-the	futurization"-the	DET
cblr-2872	31	33	recasting	recasting	NOUN
cblr-2872	31	34	of	of	ADP
cblr-2872	31	35	economic	economic	ADJ
cblr-2872	31	36	arrangements	arrangement	NOUN
cblr-2872	31	37	1	1	NUM
cblr-2872	31	38	of	of	ADP
cblr-2872	31	39	course	course	NOUN
cblr-2872	31	40	,	,	PUNCT
cblr-2872	31	41	regulatory	regulatory	ADJ
cblr-2872	31	42	and	and	CCONJ
cblr-2872	31	43	academic	academic	ADJ
cblr-2872	31	44	interest	interest	NOUN
cblr-2872	31	45	in	in	ADP
cblr-2872	31	46	derivatives	derivative	NOUN
cblr-2872	31	47	and	and	CCONJ
cblr-2872	31	48	their	their	PRON
cblr-2872	31	49	regulation	regulation	NOUN
cblr-2872	31	50	is	be	AUX
cblr-2872	31	51	not	not	PART
cblr-2872	31	52	new	new	ADJ
cblr-2872	31	53	.	.	PUNCT
cblr-2872	32	1	see	see	VERB
cblr-2872	32	2	,	,	PUNCT
cblr-2872	32	3	e.g.	e.g.	ADV
cblr-2872	32	4	,	,	PUNCT
cblr-2872	32	5	frank	frank	PROPN
cblr-2872	32	6	partnoy	partnoy	PROPN
cblr-2872	32	7	&	&	CCONJ
cblr-2872	32	8	david	david	PROPN
cblr-2872	32	9	a.	a.	PROPN
cblr-2872	32	10	skeel	skeel	PROPN
cblr-2872	32	11	,	,	PUNCT
cblr-2872	32	12	jr	jr	PROPN
cblr-2872	32	13	.	.	PROPN
cblr-2872	32	14	,	,	PUNCT
cblr-2872	32	15	the	the	DET
cblr-2872	32	16	promise	promise	NOUN
cblr-2872	32	17	and	and	CCONJ
cblr-2872	32	18	perils	peril	NOUN
cblr-2872	32	19	of	of	ADP
cblr-2872	32	20	credit	credit	NOUN
cblr-2872	32	21	derivatives	derivative	NOUN
cblr-2872	32	22	,	,	PUNCT
cblr-2872	32	23	75	75	NUM
cblr-2872	32	24	u.	u.	NOUN
cblr-2872	32	25	cin	cin	PROPN
cblr-2872	32	26	.	.	PUNCT
cblr-2872	33	1	l.	l.	PROPN
cblr-2872	33	2	rev	rev	PROPN
cblr-2872	33	3	.	.	PROPN
cblr-2872	33	4	1019	1019	NUM
cblr-2872	33	5	(	(	PUNCT
cblr-2872	33	6	2007	2007	NUM
cblr-2872	33	7	)	)	PUNCT
cblr-2872	33	8	(	(	PUNCT
cblr-2872	33	9	discussing	discuss	VERB
cblr-2872	33	10	the	the	DET
cblr-2872	33	11	benefits	benefit	NOUN
cblr-2872	33	12	of	of	ADP
cblr-2872	33	13	,	,	PUNCT
cblr-2872	33	14	and	and	CCONJ
cblr-2872	33	15	risks	risk	NOUN
cblr-2872	33	16	posed	pose	VERB
cblr-2872	33	17	by	by	ADP
cblr-2872	33	18	,	,	PUNCT
cblr-2872	33	19	credit	credit	NOUN
cblr-2872	33	20	default	default	NOUN
cblr-2872	33	21	swaps	swap	NOUN
cblr-2872	33	22	)	)	PUNCT
cblr-2872	33	23	;	;	PUNCT
cblr-2872	33	24	roberta	roberta	PROPN
cblr-2872	33	25	romano	romano	PROPN
cblr-2872	33	26	,	,	PUNCT
cblr-2872	33	27	a	a	DET
cblr-2872	33	28	thumbnail	thumbnail	NOUN
cblr-2872	33	29	sketch	sketch	NOUN
cblr-2872	33	30	of	of	ADP
cblr-2872	33	31	derivative	derivative	ADJ
cblr-2872	33	32	securities	security	NOUN
cblr-2872	33	33	and	and	CCONJ
cblr-2872	33	34	their	their	PRON
cblr-2872	33	35	regulation	regulation	NOUN
cblr-2872	33	36	,	,	PUNCT
cblr-2872	33	37	55	55	NUM
cblr-2872	33	38	md	md	PROPN
cblr-2872	33	39	.	.	PUNCT
cblr-2872	34	1	l.	l.	PROPN
cblr-2872	34	2	rev	rev	PROPN
cblr-2872	34	3	.	.	PROPN
cblr-2872	34	4	1	1	NUM
cblr-2872	34	5	(	(	PUNCT
cblr-2872	34	6	1996	1996	NUM
cblr-2872	34	7	)	)	PUNCT
cblr-2872	34	8	(	(	PUNCT
cblr-2872	34	9	providing	provide	VERB
cblr-2872	34	10	a	a	DET
cblr-2872	34	11	comprehensive	comprehensive	ADJ
cblr-2872	34	12	overview	overview	NOUN
cblr-2872	34	13	of	of	ADP
cblr-2872	34	14	derivatives	derivative	NOUN
cblr-2872	34	15	and	and	CCONJ
cblr-2872	34	16	their	their	PRON
cblr-2872	34	17	regulation	regulation	NOUN
cblr-2872	34	18	in	in	ADP
cblr-2872	34	19	the	the	DET
cblr-2872	34	20	united	united	PROPN
cblr-2872	34	21	states	states	PROPN
cblr-2872	34	22	)	)	PUNCT
cblr-2872	34	23	;	;	PUNCT
cblr-2872	34	24	lynn	lynn	PROPN
cblr-2872	34	25	a.	a.	PROPN
cblr-2872	34	26	stout	stout	PROPN
cblr-2872	34	27	,	,	PUNCT
cblr-2872	34	28	why	why	SCONJ
cblr-2872	34	29	the	the	DET
cblr-2872	34	30	law	law	NOUN
cblr-2872	34	31	hates	hate	VERB
cblr-2872	34	32	speculators	speculator	NOUN
cblr-2872	34	33	:	:	PUNCT
cblr-2872	34	34	regulation	regulation	NOUN
cblr-2872	34	35	and	and	CCONJ
cblr-2872	34	36	private	private	ADJ
cblr-2872	34	37	ordering	ordering	NOUN
cblr-2872	34	38	in	in	ADP
cblr-2872	34	39	the	the	DET
cblr-2872	34	40	market	market	NOUN
cblr-2872	34	41	for	for	ADP
cblr-2872	34	42	otc	otc	PROPN
cblr-2872	34	43	derivatives	derivative	NOUN
cblr-2872	34	44	,	,	PUNCT
cblr-2872	34	45	48	48	NUM
cblr-2872	34	46	duke	duke	PROPN
cblr-2872	34	47	l.j	l.j	PROPN
cblr-2872	34	48	.	.	PROPN
cblr-2872	34	49	701	701	NUM
cblr-2872	34	50	,	,	PUNCT
cblr-2872	34	51	767	767	NUM
cblr-2872	34	52	(	(	PUNCT
cblr-2872	34	53	1999	1999	NUM
cblr-2872	34	54	)	)	PUNCT
cblr-2872	34	55	(	(	PUNCT
cblr-2872	34	56	advocating	advocate	VERB
cblr-2872	34	57	for	for	ADP
cblr-2872	34	58	regulation	regulation	NOUN
cblr-2872	34	59	of	of	ADP
cblr-2872	34	60	over	over	ADP
cblr-2872	34	61	-	-	PUNCT
cblr-2872	34	62	the	the	DET
cblr-2872	34	63	-	-	PUNCT
cblr-2872	34	64	counter	counter	NOUN
cblr-2872	34	65	derivatives	derivative	NOUN
cblr-2872	34	66	markets	market	NOUN
cblr-2872	34	67	)	)	PUNCT
cblr-2872	34	68	;	;	PUNCT
cblr-2872	35	1	henry	henry	PROPN
cblr-2872	35	2	t.c	t.c	PROPN
cblr-2872	35	3	.	.	PROPN
cblr-2872	35	4	hu	hu	PROPN
cblr-2872	35	5	,	,	PUNCT
cblr-2872	35	6	misunderstood	misunderstood	ADJ
cblr-2872	35	7	derivatives	derivative	NOUN
cblr-2872	35	8	:	:	PUNCT
cblr-2872	35	9	the	the	DET
cblr-2872	35	10	causes	cause	NOUN
cblr-2872	35	11	of	of	ADP
cblr-2872	35	12	informational	informational	ADJ
cblr-2872	35	13	failure	failure	NOUN
cblr-2872	35	14	and	and	CCONJ
cblr-2872	35	15	the	the	DET
cblr-2872	35	16	promise	promise	NOUN
cblr-2872	35	17	of	of	ADP
cblr-2872	35	18	regulatory	regulatory	ADJ
cblr-2872	35	19	incrementalism	incrementalism	NOUN
cblr-2872	35	20	,	,	PUNCT
cblr-2872	35	21	102	102	NUM
cblr-2872	35	22	yale	yale	PROPN
cblr-2872	35	23	l.j	l.j	PROPN
cblr-2872	35	24	.	.	PROPN
cblr-2872	35	25	1457	1457	NUM
cblr-2872	35	26	,	,	PUNCT
cblr-2872	35	27	1460	1460	NUM
cblr-2872	35	28	-	-	SYM
cblr-2872	35	29	61	61	NUM
cblr-2872	35	30	(	(	PUNCT
cblr-2872	35	31	1993	1993	NUM
cblr-2872	35	32	)	)	PUNCT
cblr-2872	35	33	(	(	PUNCT
cblr-2872	35	34	book	book	NOUN
cblr-2872	35	35	review	review	PROPN
cblr-2872	35	36	)	)	PUNCT
cblr-2872	35	37	(	(	PUNCT
cblr-2872	35	38	predicting	predict	VERB
cblr-2872	35	39	insightfully	insightfully	ADV
cblr-2872	35	40	that	that	SCONJ
cblr-2872	35	41	"	"	PUNCT
cblr-2872	35	42	[	[	PUNCT
cblr-2872	35	43	s]ome	s]ome	NOUN
cblr-2872	35	44	industry	industry	NOUN
cblr-2872	35	45	leaders	leader	NOUN
cblr-2872	35	46	and	and	CCONJ
cblr-2872	35	47	regulators	regulator	NOUN
cblr-2872	35	48	worry	worry	VERB
cblr-2872	35	49	that	that	SCONJ
cblr-2872	35	50	otc	otc	PROPN
cblr-2872	35	51	derivatives	derivative	NOUN
cblr-2872	35	52	could	could	AUX
cblr-2872	35	53	cause	cause	VERB
cblr-2872	35	54	the	the	DET
cblr-2872	35	55	great	great	ADJ
cblr-2872	35	56	next	next	ADJ
cblr-2872	35	57	banking	banking	NOUN
cblr-2872	35	58	crisis	crisis	NOUN
cblr-2872	35	59	"	"	PUNCT
cblr-2872	35	60	)	)	PUNCT
cblr-2872	35	61	.	.	PUNCT
cblr-2872	36	1	no	no	INTJ
cblr-2872	36	2	.	.	PUNCT
cblr-2872	37	1	3:667	3:667	NUM
cblr-2872	37	2	]	]	PUNCT
cblr-2872	37	3	669	669	NUM
cblr-2872	37	4	670	670	NUM
cblr-2872	37	5	columbia	columbia	PROPN
cblr-2872	37	6	business	business	NOUN
cblr-2872	37	7	law	law	PROPN
cblr-2872	37	8	review	review	NOUN
cblr-2872	38	1	[	[	X
cblr-2872	38	2	vol	vol	NOUN
cblr-2872	38	3	.	.	PUNCT
cblr-2872	38	4	2013	2013	NUM
cblr-2872	38	5	previously	previously	ADV
cblr-2872	38	6	transacted	transact	VERB
cblr-2872	38	7	as	as	ADP
cblr-2872	38	8	"	"	PUNCT
cblr-2872	38	9	swaps	swap	NOUN
cblr-2872	38	10	"	"	PUNCT
cblr-2872	38	11	to	to	PART
cblr-2872	38	12	trade	trade	VERB
cblr-2872	38	13	as	as	ADP
cblr-2872	38	14	"	"	PUNCT
cblr-2872	38	15	futures	future	NOUN
cblr-2872	38	16	"	"	PUNCT
cblr-2872	38	17	as	as	ADP
cblr-2872	38	18	a	a	DET
cblr-2872	38	19	result	result	NOUN
cblr-2872	38	20	of	of	ADP
cblr-2872	38	21	the	the	DET
cblr-2872	38	22	new	new	ADJ
cblr-2872	38	23	regulation	regulation	NOUN
cblr-2872	38	24	of	of	ADP
cblr-2872	38	25	the	the	DET
cblr-2872	38	26	swap	swap	NOUN
cblr-2872	38	27	markets	market	NOUN
cblr-2872	38	28	under	under	ADP
cblr-2872	38	29	the	the	DET
cblr-2872	38	30	dodd	dodd	PROPN
cblr-2872	38	31	-	-	PUNCT
cblr-2872	38	32	frank	frank	ADJ
cblr-2872	38	33	act.2	act.2	PROPN
cblr-2872	38	34	proponents	proponent	NOUN
cblr-2872	38	35	of	of	ADP
cblr-2872	38	36	futurization	futurization	NOUN
cblr-2872	38	37	view	view	VERB
cblr-2872	38	38	it	it	PRON
cblr-2872	38	39	as	as	ADP
cblr-2872	38	40	a	a	PRON
cblr-2872	38	41	in	in	ADP
cblr-2872	38	42	particular	particular	ADJ
cblr-2872	38	43	,	,	PUNCT
cblr-2872	38	44	significant	significant	ADJ
cblr-2872	38	45	attention	attention	NOUN
cblr-2872	38	46	has	have	AUX
cblr-2872	38	47	recently	recently	ADV
cblr-2872	38	48	been	be	AUX
cblr-2872	38	49	paid	pay	VERB
cblr-2872	38	50	to	to	ADP
cblr-2872	38	51	the	the	DET
cblr-2872	38	52	imposition	imposition	NOUN
cblr-2872	38	53	of	of	ADP
cblr-2872	38	54	central	central	ADJ
cblr-2872	38	55	clearing	clearing	NOUN
cblr-2872	38	56	requirements	requirement	NOUN
cblr-2872	38	57	,	,	PUNCT
cblr-2872	38	58	with	with	ADP
cblr-2872	38	59	a	a	DET
cblr-2872	38	60	number	number	NOUN
cblr-2872	38	61	of	of	ADP
cblr-2872	38	62	notable	notable	ADJ
cblr-2872	38	63	academics	academic	NOUN
cblr-2872	38	64	disagreeing	disagree	VERB
cblr-2872	38	65	with	with	ADP
cblr-2872	38	66	regulatory	regulatory	ADJ
cblr-2872	38	67	consensus	consensus	NOUN
cblr-2872	38	68	that	that	SCONJ
cblr-2872	38	69	central	central	ADJ
cblr-2872	38	70	clearing	clearing	NOUN
cblr-2872	38	71	will	will	AUX
cblr-2872	38	72	decrease	decrease	VERB
cblr-2872	38	73	systemic	systemic	ADJ
cblr-2872	38	74	risk	risk	NOUN
cblr-2872	38	75	.	.	PUNCT
cblr-2872	39	1	see	see	VERB
cblr-2872	39	2	,	,	PUNCT
cblr-2872	39	3	e.g.	e.g.	ADV
cblr-2872	39	4	,	,	PUNCT
cblr-2872	39	5	darrell	darrell	PROPN
cblr-2872	39	6	duffie	duffie	PROPN
cblr-2872	39	7	&	&	CCONJ
cblr-2872	39	8	haoxiang	haoxiang	PROPN
cblr-2872	39	9	zhu	zhu	PROPN
cblr-2872	39	10	,	,	PUNCT
cblr-2872	39	11	does	do	AUX
cblr-2872	39	12	a	a	DET
cblr-2872	39	13	central	central	ADJ
cblr-2872	39	14	clearing	clearing	NOUN
cblr-2872	39	15	counterparty	counterparty	NOUN
cblr-2872	39	16	reduce	reduce	VERB
cblr-2872	39	17	counterparty	counterparty	NOUN
cblr-2872	39	18	risk	risk	NOUN
cblr-2872	39	19	?	?	PUNCT
cblr-2872	39	20	,	,	PUNCT
cblr-2872	39	21	1	1	NUM
cblr-2872	39	22	rev	rev	X
cblr-2872	39	23	.	.	PUNCT
cblr-2872	39	24	asset	asset	NOUN
cblr-2872	39	25	pricing	pricing	NOUN
cblr-2872	39	26	stud	stud	NOUN
cblr-2872	39	27	.	.	PUNCT
cblr-2872	40	1	74	74	NUM
cblr-2872	40	2	,	,	PUNCT
cblr-2872	40	3	75	75	NUM
cblr-2872	40	4	(	(	PUNCT
cblr-2872	40	5	2011	2011	NUM
cblr-2872	40	6	)	)	PUNCT
cblr-2872	40	7	(	(	PUNCT
cblr-2872	40	8	"	"	PUNCT
cblr-2872	40	9	for	for	ADP
cblr-2872	40	10	plausible	plausible	ADJ
cblr-2872	40	11	cases	case	NOUN
cblr-2872	40	12	,	,	PUNCT
cblr-2872	40	13	adding	add	VERB
cblr-2872	40	14	a	a	DET
cblr-2872	40	15	new	new	ADJ
cblr-2872	40	16	[	[	PUNCT
cblr-2872	40	17	central	central	ADJ
cblr-2872	40	18	clearinghouse	clearinghouse	NOUN
cblr-2872	40	19	]	]	PUNCT
cblr-2872	40	20	dedicated	dedicate	VERB
cblr-2872	40	21	to	to	ADP
cblr-2872	40	22	a	a	DET
cblr-2872	40	23	class	class	NOUN
cblr-2872	40	24	of	of	ADP
cblr-2872	40	25	derivatives	derivative	NOUN
cblr-2872	40	26	such	such	ADJ
cblr-2872	40	27	as	as	ADP
cblr-2872	40	28	credit	credit	NOUN
cblr-2872	40	29	default	default	NOUN
cblr-2872	40	30	swaps	swap	NOUN
cblr-2872	40	31	(	(	PUNCT
cblr-2872	40	32	cds	cd	NOUN
cblr-2872	40	33	)	)	PUNCT
cblr-2872	40	34	reduces	reduce	VERB
cblr-2872	40	35	netting	net	VERB
cblr-2872	40	36	efficiency	efficiency	NOUN
cblr-2872	40	37	,	,	PUNCT
cblr-2872	40	38	increases	increase	VERB
cblr-2872	40	39	collateral	collateral	ADJ
cblr-2872	40	40	demands	demand	NOUN
cblr-2872	40	41	,	,	PUNCT
cblr-2872	40	42	and	and	CCONJ
cblr-2872	40	43	leads	lead	VERB
cblr-2872	40	44	to	to	ADP
cblr-2872	40	45	higher	high	ADJ
cblr-2872	40	46	average	average	ADJ
cblr-2872	40	47	exposure	exposure	NOUN
cblr-2872	40	48	to	to	ADP
cblr-2872	40	49	counterparty	counterparty	NOUN
cblr-2872	40	50	default	default	NOUN
cblr-2872	40	51	.	.	PUNCT
cblr-2872	41	1	we	we	PRON
cblr-2872	41	2	further	far	ADV
cblr-2872	41	3	show	show	VERB
cblr-2872	41	4	that	that	SCONJ
cblr-2872	41	5	counterparty	counterparty	NOUN
cblr-2872	41	6	credit	credit	NOUN
cblr-2872	41	7	risk	risk	NOUN
cblr-2872	41	8	in	in	ADP
cblr-2872	41	9	the	the	DET
cblr-2872	41	10	otc	otc	PROPN
cblr-2872	41	11	derivatives	derivative	NOUN
cblr-2872	41	12	market	market	NOUN
cblr-2872	41	13	is	be	AUX
cblr-2872	41	14	exacerbated	exacerbate	VERB
cblr-2872	41	15	by	by	ADP
cblr-2872	41	16	a	a	DET
cblr-2872	41	17	multiplicity	multiplicity	NOUN
cblr-2872	41	18	of	of	ADP
cblr-2872	41	19	ccps	ccp	NOUN
cblr-2872	41	20	.	.	PUNCT
cblr-2872	41	21	"	"	PUNCT
cblr-2872	41	22	)	)	PUNCT
cblr-2872	41	23	;	;	PUNCT
cblr-2872	41	24	mark	mark	PROPN
cblr-2872	41	25	j.	j.	PROPN
cblr-2872	41	26	roe	roe	PROPN
cblr-2872	41	27	,	,	PUNCT
cblr-2872	41	28	the	the	DET
cblr-2872	41	29	dodd	dodd	PROPN
cblr-2872	41	30	-	-	PUNCT
cblr-2872	41	31	frank	frank	PROPN
cblr-2872	41	32	act	act	PROPN
cblr-2872	41	33	's	's	PART
cblr-2872	41	34	maginot	maginot	PROPN
cblr-2872	41	35	line	line	NOUN
cblr-2872	41	36	:	:	PUNCT
cblr-2872	41	37	clearinghouse	clearinghouse	NOUN
cblr-2872	41	38	construction	construction	NOUN
cblr-2872	41	39	,	,	PUNCT
cblr-2872	41	40	calif	calif	PROPN
cblr-2872	41	41	.	.	PUNCT
cblr-2872	42	1	l.	l.	PROPN
cblr-2872	42	2	rev	rev	PROPN
cblr-2872	42	3	.	.	PUNCT
cblr-2872	43	1	(	(	PUNCT
cblr-2872	43	2	forthcoming	forthcoming	ADJ
cblr-2872	43	3	2013	2013	NUM
cblr-2872	43	4	)	)	PUNCT
cblr-2872	43	5	(	(	PUNCT
cblr-2872	43	6	manuscript	manuscript	NOUN
cblr-2872	43	7	at	at	ADP
cblr-2872	43	8	i	i	PROPN
cblr-2872	43	9	)	)	PUNCT
cblr-2872	43	10	,	,	PUNCT
cblr-2872	43	11	available	available	ADJ
cblr-2872	43	12	at	at	ADP
cblr-2872	43	13	http://ssrn.com/abstract=2224305	http://ssrn.com/abstract=2224305	PROPN
cblr-2872	43	14	(	(	PUNCT
cblr-2872	43	15	calling	call	VERB
cblr-2872	43	16	clearinghouse	clearinghouse	NOUN
cblr-2872	43	17	protection	protection	NOUN
cblr-2872	43	18	a	a	DET
cblr-2872	43	19	"	"	PUNCT
cblr-2872	43	20	maginot	maginot	ADJ
cblr-2872	43	21	line	line	NOUN
cblr-2872	43	22	,	,	PUNCT
cblr-2872	43	23	"	"	PUNCT
cblr-2872	43	24	and	and	CCONJ
cblr-2872	43	25	stating	state	VERB
cblr-2872	43	26	that	that	SCONJ
cblr-2872	43	27	"	"	PUNCT
cblr-2872	43	28	clearinghouses	clearinghouse	NOUN
cblr-2872	43	29	are	be	AUX
cblr-2872	43	30	weaker	weak	ADJ
cblr-2872	43	31	bulwarks	bulwark	NOUN
cblr-2872	43	32	against	against	ADP
cblr-2872	43	33	financial	financial	ADJ
cblr-2872	43	34	contagion	contagion	NOUN
cblr-2872	43	35	,	,	PUNCT
cblr-2872	43	36	financial	financial	ADJ
cblr-2872	43	37	panic	panic	NOUN
cblr-2872	43	38	,	,	PUNCT
cblr-2872	43	39	and	and	CCONJ
cblr-2872	43	40	systemic	systemic	ADJ
cblr-2872	43	41	risk	risk	NOUN
cblr-2872	43	42	than	than	SCONJ
cblr-2872	43	43	is	be	AUX
cblr-2872	43	44	commonly	commonly	ADV
cblr-2872	43	45	thought	think	VERB
cblr-2872	43	46	"	"	PUNCT
cblr-2872	43	47	and	and	CCONJ
cblr-2872	43	48	that	that	SCONJ
cblr-2872	43	49	"	"	PUNCT
cblr-2872	43	50	[	[	X
cblr-2872	43	51	m]uch	m]uch	ADV
cblr-2872	43	52	like	like	ADP
cblr-2872	43	53	an	an	DET
cblr-2872	43	54	overconfidence	overconfidence	NOUN
cblr-2872	43	55	inspired	inspire	VERB
cblr-2872	43	56	by	by	ADP
cblr-2872	43	57	powerful	powerful	ADJ
cblr-2872	43	58	military	military	ADJ
cblr-2872	43	59	fortresses	fortress	NOUN
cblr-2872	43	60	that	that	PRON
cblr-2872	43	61	an	an	DET
cblr-2872	43	62	invading	invade	VERB
cblr-2872	43	63	enemy	enemy	NOUN
cblr-2872	43	64	can	can	AUX
cblr-2872	43	65	side	side	NOUN
cblr-2872	43	66	-	-	PUNCT
cblr-2872	43	67	step	step	NOUN
cblr-2872	43	68	,	,	PUNCT
cblr-2872	43	69	the	the	DET
cblr-2872	43	70	reigning	reign	VERB
cblr-2872	43	71	overconfidence	overconfidence	NOUN
cblr-2872	43	72	in	in	ADP
cblr-2872	43	73	clearinghouses	clearinghouse	NOUN
cblr-2872	43	74	lulls	lull	VERB
cblr-2872	43	75	regulators	regulator	NOUN
cblr-2872	43	76	to	to	PART
cblr-2872	43	77	be	be	AUX
cblr-2872	43	78	satisfied	satisfied	ADJ
cblr-2872	43	79	that	that	SCONJ
cblr-2872	43	80	they	they	PRON
cblr-2872	43	81	have	have	AUX
cblr-2872	43	82	done	do	VERB
cblr-2872	43	83	much	much	ADJ
cblr-2872	43	84	to	to	PART
cblr-2872	43	85	arrest	arrest	VERB
cblr-2872	43	86	problems	problem	NOUN
cblr-2872	43	87	of	of	ADP
cblr-2872	43	88	contagion	contagion	NOUN
cblr-2872	43	89	and	and	CCONJ
cblr-2872	43	90	systemic	systemic	ADJ
cblr-2872	43	91	risk	risk	NOUN
cblr-2872	43	92	by	by	ADP
cblr-2872	43	93	building	build	VERB
cblr-2872	43	94	up	up	ADP
cblr-2872	43	95	clearinghouses	clearinghouse	NOUN
cblr-2872	43	96	,	,	PUNCT
cblr-2872	43	97	when	when	SCONJ
cblr-2872	43	98	they	they	PRON
cblr-2872	43	99	have	have	VERB
cblr-2872	43	100	not	not	PART
cblr-2872	43	101	"	"	PUNCT
cblr-2872	43	102	)	)	PUNCT
cblr-2872	43	103	;	;	PUNCT
cblr-2872	43	104	yesha	yesha	PROPN
cblr-2872	43	105	yadav	yadav	PROPN
cblr-2872	43	106	,	,	PUNCT
cblr-2872	43	107	the	the	DET
cblr-2872	43	108	problematic	problematic	ADJ
cblr-2872	43	109	case	case	NOUN
cblr-2872	43	110	of	of	ADP
cblr-2872	43	111	clearinghouses	clearinghouse	NOUN
cblr-2872	43	112	in	in	ADP
cblr-2872	43	113	complex	complex	ADJ
cblr-2872	43	114	markets	market	NOUN
cblr-2872	43	115	,	,	PUNCT
cblr-2872	43	116	101	101	NUM
cblr-2872	43	117	geo	geo	PROPN
cblr-2872	43	118	.	.	PUNCT
cblr-2872	43	119	l.j	l.j	PROPN
cblr-2872	43	120	.	.	PROPN
cblr-2872	43	121	387	387	NUM
cblr-2872	43	122	,	,	PUNCT
cblr-2872	43	123	444	444	NUM
cblr-2872	43	124	(	(	PUNCT
cblr-2872	43	125	2013	2013	NUM
cblr-2872	43	126	)	)	PUNCT
cblr-2872	43	127	(	(	PUNCT
cblr-2872	43	128	"	"	PUNCT
cblr-2872	43	129	the	the	DET
cblr-2872	43	130	establishment	establishment	NOUN
cblr-2872	43	131	of	of	ADP
cblr-2872	43	132	the	the	DET
cblr-2872	43	133	clearinghouse	clearinghouse	NOUN
cblr-2872	43	134	is	be	AUX
cblr-2872	43	135	designed	design	VERB
cblr-2872	43	136	to	to	PART
cblr-2872	43	137	fortify	fortify	VERB
cblr-2872	43	138	the	the	DET
cblr-2872	43	139	market	market	NOUN
cblr-2872	43	140	against	against	ADP
cblr-2872	43	141	the	the	DET
cblr-2872	43	142	ill	ill	ADJ
cblr-2872	43	143	effects	effect	NOUN
cblr-2872	43	144	of	of	ADP
cblr-2872	43	145	financial	financial	ADJ
cblr-2872	43	146	innovation	innovation	NOUN
cblr-2872	43	147	in	in	ADP
cblr-2872	43	148	the	the	DET
cblr-2872	43	149	credit	credit	NOUN
cblr-2872	43	150	-	-	PUNCT
cblr-2872	43	151	derivative	derivative	NOUN
cblr-2872	43	152	market	market	NOUN
cblr-2872	43	153	.	.	PUNCT
cblr-2872	44	1	it	it	PRON
cblr-2872	44	2	should	should	AUX
cblr-2872	44	3	mutualize	mutualize	VERB
cblr-2872	44	4	risk	risk	NOUN
cblr-2872	44	5	and	and	CCONJ
cblr-2872	44	6	make	make	VERB
cblr-2872	44	7	market	market	NOUN
cblr-2872	44	8	players	player	NOUN
cblr-2872	44	9	share	share	VERB
cblr-2872	44	10	losses	loss	NOUN
cblr-2872	44	11	.	.	PUNCT
cblr-2872	45	1	however	however	ADV
cblr-2872	45	2	,	,	PUNCT
cblr-2872	45	3	this	this	DET
cblr-2872	45	4	article	article	NOUN
cblr-2872	45	5	argues	argue	VERB
cblr-2872	45	6	that	that	SCONJ
cblr-2872	45	7	the	the	DET
cblr-2872	45	8	design	design	NOUN
cblr-2872	45	9	of	of	ADP
cblr-2872	45	10	this	this	DET
cblr-2872	45	11	institution	institution	NOUN
cblr-2872	45	12	is	be	AUX
cblr-2872	45	13	problematic	problematic	ADJ
cblr-2872	45	14	-	-	PUNCT
cblr-2872	45	15	and	and	CCONJ
cblr-2872	45	16	this	this	PRON
cblr-2872	45	17	is	be	AUX
cblr-2872	45	18	exacerbated	exacerbate	VERB
cblr-2872	45	19	by	by	ADP
cblr-2872	45	20	the	the	DET
cblr-2872	45	21	fact	fact	NOUN
cblr-2872	45	22	that	that	SCONJ
cblr-2872	45	23	the	the	DET
cblr-2872	45	24	credit	credit	NOUN
cblr-2872	45	25	-	-	PUNCT
cblr-2872	45	26	derivative	derivative	ADJ
cblr-2872	45	27	products	product	NOUN
cblr-2872	45	28	it	it	PRON
cblr-2872	45	29	trades	trade	VERB
cblr-2872	45	30	are	be	AUX
cblr-2872	45	31	complex	complex	ADJ
cblr-2872	45	32	and	and	CCONJ
cblr-2872	45	33	tricky	tricky	ADJ
cblr-2872	45	34	.	.	PUNCT
cblr-2872	45	35	"	"	PUNCT
cblr-2872	45	36	)	)	PUNCT
cblr-2872	45	37	;	;	PUNCT
cblr-2872	45	38	craig	craig	PROPN
cblr-2872	45	39	pirrong	pirrong	PROPN
cblr-2872	45	40	,	,	PUNCT
cblr-2872	45	41	the	the	DET
cblr-2872	45	42	economics	economic	NOUN
cblr-2872	45	43	of	of	ADP
cblr-2872	45	44	clearing	clear	VERB
cblr-2872	45	45	in	in	ADP
cblr-2872	45	46	derivatives	derivative	NOUN
cblr-2872	45	47	markets	market	NOUN
cblr-2872	45	48	:	:	PUNCT
cblr-2872	45	49	netting	net	VERB
cblr-2872	45	50	,	,	PUNCT
cblr-2872	45	51	asymmetric	asymmetric	ADJ
cblr-2872	45	52	information	information	NOUN
cblr-2872	45	53	,	,	PUNCT
cblr-2872	45	54	and	and	CCONJ
cblr-2872	45	55	the	the	DET
cblr-2872	45	56	sharing	sharing	NOUN
cblr-2872	45	57	of	of	ADP
cblr-2872	45	58	default	default	NOUN
cblr-2872	45	59	risks	risk	NOUN
cblr-2872	45	60	through	through	ADP
cblr-2872	45	61	a	a	DET
cblr-2872	45	62	central	central	ADJ
cblr-2872	45	63	counterparty	counterparty	NOUN
cblr-2872	45	64	(	(	PUNCT
cblr-2872	45	65	jan	jan	PROPN
cblr-2872	45	66	.	.	PROPN
cblr-2872	45	67	8	8	NUM
cblr-2872	45	68	,	,	PUNCT
cblr-2872	45	69	2009	2009	NUM
cblr-2872	45	70	)	)	PUNCT
cblr-2872	45	71	(	(	PUNCT
cblr-2872	45	72	unpublished	unpublished	ADJ
cblr-2872	45	73	manuscript	manuscript	NOUN
cblr-2872	45	74	)	)	PUNCT
cblr-2872	45	75	(	(	PUNCT
cblr-2872	45	76	on	on	ADP
cblr-2872	45	77	file	file	NOUN
cblr-2872	45	78	with	with	ADP
cblr-2872	45	79	the	the	DET
cblr-2872	45	80	university	university	PROPN
cblr-2872	45	81	of	of	ADP
cblr-2872	45	82	houston	houston	PROPN
cblr-2872	45	83	library	library	PROPN
cblr-2872	45	84	)	)	PUNCT
cblr-2872	45	85	,	,	PUNCT
cblr-2872	45	86	available	available	ADJ
cblr-2872	45	87	at	at	ADP
cblr-2872	45	88	http://ssrn.com/abstract=1340660	http://ssrn.com/abstract=1340660	PROPN
cblr-2872	45	89	(	(	PUNCT
cblr-2872	45	90	"	"	PUNCT
cblr-2872	45	91	unfortunately	unfortunately	ADV
cblr-2872	45	92	,	,	PUNCT
cblr-2872	45	93	the	the	DET
cblr-2872	45	94	received	receive	VERB
cblr-2872	45	95	analysis	analysis	NOUN
cblr-2872	45	96	of	of	ADP
cblr-2872	45	97	the	the	DET
cblr-2872	45	98	effects	effect	NOUN
cblr-2872	45	99	of	of	ADP
cblr-2872	45	100	the	the	DET
cblr-2872	45	101	creation	creation	NOUN
cblr-2872	45	102	of	of	ADP
cblr-2872	45	103	a	a	DET
cblr-2872	45	104	cds	cds	NOUN
cblr-2872	45	105	clearinghouse	clearinghouse	NOUN
cblr-2872	45	106	has	have	AUX
cblr-2872	45	107	been	be	AUX
cblr-2872	45	108	superficial	superficial	ADJ
cblr-2872	45	109	and	and	CCONJ
cblr-2872	45	110	incomplete	incomplete	ADJ
cblr-2872	45	111	.	.	PUNCT
cblr-2872	46	1	as	as	ADP
cblr-2872	46	2	a	a	DET
cblr-2872	46	3	result	result	NOUN
cblr-2872	46	4	,	,	PUNCT
cblr-2872	46	5	this	this	DET
cblr-2872	46	6	analysis	analysis	NOUN
cblr-2872	46	7	provides	provide	VERB
cblr-2872	46	8	very	very	ADV
cblr-2872	46	9	weak	weak	ADJ
cblr-2872	46	10	support	support	NOUN
cblr-2872	46	11	for	for	ADP
cblr-2872	46	12	the	the	DET
cblr-2872	46	13	view	view	NOUN
cblr-2872	46	14	that	that	SCONJ
cblr-2872	46	15	a	a	DET
cblr-2872	46	16	[	[	X
cblr-2872	46	17	central	central	ADJ
cblr-2872	46	18	clearinghouse	clearinghouse	NOUN
cblr-2872	46	19	]	]	PUNCT
cblr-2872	46	20	will	will	AUX
cblr-2872	46	21	improve	improve	VERB
cblr-2872	46	22	efficiency	efficiency	NOUN
cblr-2872	46	23	,	,	PUNCT
cblr-2872	46	24	or	or	CCONJ
cblr-2872	46	25	reduce	reduce	VERB
cblr-2872	46	26	the	the	DET
cblr-2872	46	27	vulnerability	vulnerability	NOUN
cblr-2872	46	28	of	of	ADP
cblr-2872	46	29	financial	financial	ADJ
cblr-2872	46	30	markets	market	NOUN
cblr-2872	46	31	to	to	ADP
cblr-2872	46	32	systemic	systemic	ADJ
cblr-2872	46	33	contagion	contagion	NOUN
cblr-2872	46	34	.	.	PUNCT
cblr-2872	47	1	"	"	PUNCT
cblr-2872	47	2	)	)	PUNCT
cblr-2872	47	3	.	.	PUNCT
cblr-2872	48	1	2	2	NUM
cblr-2872	48	2	see	see	VERB
cblr-2872	48	3	,	,	PUNCT
cblr-2872	48	4	e.g.	e.g.	ADV
cblr-2872	48	5	,	,	PUNCT
cblr-2872	48	6	silla	silla	PROPN
cblr-2872	48	7	brush	brush	NOUN
cblr-2872	48	8	,	,	PUNCT
cblr-2872	48	9	swap	swap	NOUN
cblr-2872	48	10	-	-	PUNCT
cblr-2872	48	11	to	to	ADP
cblr-2872	48	12	-	-	PUNCT
cblr-2872	48	13	future	future	NOUN
cblr-2872	48	14	conversion	conversion	NOUN
cblr-2872	48	15	has	have	AUX
cblr-2872	48	16	regulators	regulator	NOUN
cblr-2872	48	17	studying	study	VERB
cblr-2872	48	18	rules	rule	NOUN
cblr-2872	48	19	,	,	PUNCT
cblr-2872	48	20	bloomberg.com	bloomberg.com	X
cblr-2872	48	21	(	(	PUNCT
cblr-2872	48	22	jan	jan	PROPN
cblr-2872	48	23	.	.	PROPN
cblr-2872	48	24	28	28	NUM
cblr-2872	48	25	,	,	PUNCT
cblr-2872	48	26	2013	2013	NUM
cblr-2872	48	27	,	,	PUNCT
cblr-2872	48	28	3:21	3:21	NUM
cblr-2872	48	29	pm	pm	NOUN
cblr-2872	48	30	)	)	PUNCT
cblr-2872	48	31	,	,	PUNCT
cblr-2872	48	32	http://www.bloomberg.com/news/2013-01-28/swap-to-future-conversionhas-regulators-studying-rules.html	http://www.bloomberg.com/news/2013-01-28/swap-to-future-conversionhas-regulators-studying-rules.html	PROPN
cblr-2872	48	33	;	;	PUNCT
cblr-2872	48	34	katy	katy	PROPN
cblr-2872	48	35	burne	burne	PROPN
cblr-2872	48	36	,	,	PUNCT
cblr-2872	48	37	traders	trader	NOUN
cblr-2872	48	38	seek	seek	VERB
cblr-2872	48	39	regulation	regulation	NOUN
cblr-2872	48	40	through	through	ADP
cblr-2872	48	41	substitution	substitution	NOUN
cblr-2872	48	42	desired	desire	VERB
cblr-2872	48	43	transition	transition	NOUN
cblr-2872	48	44	from	from	ADP
cblr-2872	48	45	previously	previously	ADV
cblr-2872	48	46	opaque	opaque	ADJ
cblr-2872	48	47	swap	swap	NOUN
cblr-2872	48	48	markets	market	NOUN
cblr-2872	48	49	to	to	ADP
cblr-2872	48	50	more	more	ADV
cblr-2872	48	51	transparent	transparent	ADJ
cblr-2872	48	52	futures	future	NOUN
cblr-2872	48	53	markets	market	NOUN
cblr-2872	48	54	.	.	PUNCT
cblr-2872	49	1	3	3	NUM
cblr-2872	49	2	opponents	opponent	NOUN
cblr-2872	49	3	of	of	ADP
cblr-2872	49	4	futurization	futurization	NOUN
cblr-2872	49	5	view	view	VERB
cblr-2872	49	6	it	it	PRON
cblr-2872	49	7	as	as	ADP
cblr-2872	49	8	regulatory	regulatory	ADJ
cblr-2872	49	9	arbitrage	arbitrage	NOUN
cblr-2872	49	10	and	and	CCONJ
cblr-2872	49	11	thwarting	thwart	VERB
cblr-2872	49	12	congressional	congressional	ADJ
cblr-2872	49	13	intent.4	intent.4	AUX
cblr-2872	49	14	still	still	ADV
cblr-2872	49	15	others	other	NOUN
cblr-2872	49	16	view	view	VERB
cblr-2872	49	17	it	it	PRON
cblr-2872	49	18	as	as	ADV
cblr-2872	49	19	inevitable	inevitable	ADJ
cblr-2872	49	20	,	,	PUNCT
cblr-2872	49	21	with	with	ADP
cblr-2872	49	22	harmonization	harmonization	NOUN
cblr-2872	49	23	in	in	ADP
cblr-2872	49	24	new	new	ADJ
cblr-2872	49	25	futures	future	NOUN
cblr-2872	49	26	,	,	PUNCT
cblr-2872	49	27	swaps	swap	NOUN
cblr-2872	49	28	rules	rule	NOUN
cblr-2872	49	29	,	,	PUNCT
cblr-2872	50	1	wall	wall	PROPN
cblr-2872	50	2	st	st	PROPN
cblr-2872	50	3	.	.	PROPN
cblr-2872	50	4	j.	j.	PROPN
cblr-2872	50	5	(	(	PUNCT
cblr-2872	50	6	jan	jan	PROPN
cblr-2872	50	7	.	.	PROPN
cblr-2872	50	8	30	30	NUM
cblr-2872	50	9	,	,	PUNCT
cblr-2872	50	10	2013	2013	NUM
cblr-2872	50	11	,	,	PUNCT
cblr-2872	50	12	10:27	10:27	NUM
cblr-2872	50	13	pm	pm	NOUN
cblr-2872	50	14	)	)	PUNCT
cblr-2872	50	15	,	,	PUNCT
cblr-2872	50	16	http://online.wsj.com/article/sb1000142412788732370190	http://online.wsj.com/article/sb1000142412788732370190	NOUN
cblr-2872	50	17	4578274704132048858.html	4578274704132048858.html	NOUN
cblr-2872	50	18	.	.	PROPN
cblr-2872	50	19	3	3	NUM
cblr-2872	50	20	see	see	VERB
cblr-2872	50	21	,	,	PUNCT
cblr-2872	50	22	e.g.	e.g.	ADV
cblr-2872	50	23	,	,	PUNCT
cblr-2872	50	24	cliff	cliff	PROPN
cblr-2872	50	25	lewis	lewis	PROPN
cblr-2872	50	26	,	,	PUNCT
cblr-2872	50	27	panelist	panelist	NOUN
cblr-2872	50	28	,	,	PUNCT
cblr-2872	50	29	cftc	cftc	PROPN
cblr-2872	50	30	public	public	ADJ
cblr-2872	50	31	roundtable	roundtable	NOUN
cblr-2872	50	32	on	on	ADP
cblr-2872	50	33	futurization	futurization	NOUN
cblr-2872	50	34	of	of	ADP
cblr-2872	50	35	swaps	swap	NOUN
cblr-2872	50	36	(	(	PUNCT
cblr-2872	50	37	jan	jan	PROPN
cblr-2872	50	38	.	.	PROPN
cblr-2872	50	39	31	31	NUM
cblr-2872	50	40	,	,	PUNCT
cblr-2872	50	41	2013	2013	NUM
cblr-2872	50	42	)	)	PUNCT
cblr-2872	50	43	,	,	PUNCT
cblr-2872	50	44	at	at	ADP
cblr-2872	50	45	59	59	NUM
cblr-2872	50	46	[	[	SYM
cblr-2872	50	47	hereinafter	hereinafter	NOUN
cblr-2872	50	48	cftc	cftc	PROPN
cblr-2872	50	49	roundtable	roundtable	PROPN
cblr-2872	50	50	]	]	X
cblr-2872	50	51	(	(	PUNCT
cblr-2872	50	52	transcript	transcript	NOUN
cblr-2872	50	53	available	available	ADJ
cblr-2872	50	54	at	at	ADP
cblr-2872	50	55	http://www.cftc.gov/	http://www.cftc.gov/	ADJ
cblr-2872	50	56	ucm	ucm	PROPN
cblr-2872	50	57	/	/	SYM
cblr-2872	50	58	groups	group	NOUN
cblr-2872	50	59	/	/	SYM
cblr-2872	50	60	public/@swaps	public/@swaps	PROPN
cblr-2872	50	61	/	/	SYM
cblr-2872	50	62	documents	document	NOUN
cblr-2872	50	63	/	/	SYM
cblr-2872	50	64	dfsubmission	dfsubmission	NOUN
cblr-2872	50	65	/	/	SYM
cblr-2872	50	66	dfsubmissionl3_0131	dfsubmissionl3_0131	PROPN
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cblr-2872	50	68	)	)	PUNCT
cblr-2872	50	69	(	(	PUNCT
cblr-2872	50	70	"	"	PUNCT
cblr-2872	50	71	i	i	PRON
cblr-2872	50	72	think	think	VERB
cblr-2872	50	73	the	the	DET
cblr-2872	50	74	way	way	NOUN
cblr-2872	50	75	you	you	PRON
cblr-2872	50	76	've	have	AUX
cblr-2872	50	77	approached	approach	VERB
cblr-2872	50	78	this	this	PRON
cblr-2872	50	79	is	be	AUX
cblr-2872	50	80	spot	spot	NOUN
cblr-2872	50	81	on	on	ADP
cblr-2872	50	82	.	.	PUNCT
cblr-2872	51	1	i	i	PRON
cblr-2872	51	2	think	think	VERB
cblr-2872	51	3	you	you	PRON
cblr-2872	51	4	ought	ought	AUX
cblr-2872	51	5	to	to	PART
cblr-2872	51	6	hold	hold	VERB
cblr-2872	51	7	a	a	DET
cblr-2872	51	8	parade	parade	NOUN
cblr-2872	51	9	and	and	CCONJ
cblr-2872	51	10	declare	declare	VERB
cblr-2872	51	11	victory	victory	NOUN
cblr-2872	51	12	because	because	SCONJ
cblr-2872	51	13	i	i	PRON
cblr-2872	51	14	think	think	VERB
cblr-2872	51	15	actually	actually	ADV
cblr-2872	51	16	moving	move	VERB
cblr-2872	51	17	much	much	ADJ
cblr-2872	51	18	of	of	ADP
cblr-2872	51	19	this	this	PRON
cblr-2872	51	20	to	to	ADP
cblr-2872	51	21	the	the	DET
cblr-2872	51	22	futures	future	NOUN
cblr-2872	51	23	market	market	NOUN
cblr-2872	51	24	is	be	AUX
cblr-2872	51	25	going	go	VERB
cblr-2872	51	26	to	to	PART
cblr-2872	51	27	be	be	AUX
cblr-2872	51	28	a	a	DET
cblr-2872	51	29	huge	huge	ADJ
cblr-2872	51	30	improvement	improvement	NOUN
cblr-2872	51	31	in	in	ADP
cblr-2872	51	32	buy	buy	NOUN
cblr-2872	51	33	-	-	PUNCT
cblr-2872	51	34	side	side	NOUN
cblr-2872	51	35	financial	financial	ADJ
cblr-2872	51	36	market	market	NOUN
cblr-2872	51	37	management	management	NOUN
cblr-2872	51	38	,	,	PUNCT
cblr-2872	51	39	not	not	PART
cblr-2872	51	40	just	just	ADV
cblr-2872	51	41	from	from	ADP
cblr-2872	51	42	a	a	DET
cblr-2872	51	43	risk	risk	NOUN
cblr-2872	51	44	perspective	perspective	NOUN
cblr-2872	51	45	but	but	CCONJ
cblr-2872	51	46	from	from	ADP
cblr-2872	51	47	an	an	DET
cblr-2872	51	48	efficiency	efficiency	NOUN
cblr-2872	51	49	perspective	perspective	NOUN
cblr-2872	51	50	.	.	PUNCT
cblr-2872	52	1	"	"	PUNCT
cblr-2872	52	2	)	)	PUNCT
cblr-2872	52	3	;	;	PUNCT
cblr-2872	52	4	bryan	bryan	PROPN
cblr-2872	52	5	durkin	durkin	PROPN
cblr-2872	52	6	,	,	PUNCT
cblr-2872	52	7	panelist	panelist	NOUN
cblr-2872	52	8	,	,	PUNCT
cblr-2872	52	9	i	i	PROPN
cblr-2872	52	10	d.	d.	VERB
cblr-2872	52	11	at	at	ADP
cblr-2872	52	12	94	94	NUM
cblr-2872	52	13	-	-	SYM
cblr-2872	52	14	95	95	NUM
cblr-2872	52	15	(	(	PUNCT
cblr-2872	52	16	"	"	PUNCT
cblr-2872	52	17	[	[	X
cblr-2872	52	18	t]he	t]he	X
cblr-2872	52	19	suggestion	suggestion	NOUN
cblr-2872	52	20	that	that	SCONJ
cblr-2872	52	21	moving	move	VERB
cblr-2872	52	22	any	any	DET
cblr-2872	52	23	type	type	NOUN
cblr-2872	52	24	of	of	ADP
cblr-2872	52	25	similar	similar	ADJ
cblr-2872	52	26	product	product	NOUN
cblr-2872	52	27	or	or	CCONJ
cblr-2872	52	28	economically	economically	ADV
cblr-2872	52	29	equivalently	equivalently	ADV
cblr-2872	52	30	similar	similar	ADJ
cblr-2872	52	31	product	product	NOUN
cblr-2872	52	32	or	or	CCONJ
cblr-2872	52	33	however	however	ADV
cblr-2872	52	34	it	it	PRON
cblr-2872	52	35	's	be	AUX
cblr-2872	52	36	been	be	AUX
cblr-2872	52	37	categorized	categorize	VERB
cblr-2872	52	38	today	today	NOUN
cblr-2872	52	39	to	to	ADP
cblr-2872	52	40	a	a	DET
cblr-2872	52	41	less	less	ADV
cblr-2872	52	42	transparent	transparent	ADJ
cblr-2872	52	43	marketplace	marketplace	NOUN
cblr-2872	52	44	and	and	CCONJ
cblr-2872	52	45	trying	try	VERB
cblr-2872	52	46	to	to	PART
cblr-2872	52	47	tie	tie	VERB
cblr-2872	52	48	that	that	PRON
cblr-2872	52	49	to	to	ADP
cblr-2872	52	50	a	a	DET
cblr-2872	52	51	futures	future	NOUN
cblr-2872	52	52	market	market	NOUN
cblr-2872	52	53	is	be	AUX
cblr-2872	52	54	just	just	ADV
cblr-2872	52	55	unacceptable	unacceptable	ADJ
cblr-2872	52	56	to	to	PART
cblr-2872	52	57	have	have	VERB
cblr-2872	52	58	to	to	PART
cblr-2872	52	59	listen	listen	VERB
cblr-2872	52	60	to	to	ADP
cblr-2872	52	61	that	that	PRON
cblr-2872	52	62	because	because	SCONJ
cblr-2872	52	63	the	the	DET
cblr-2872	52	64	futures	future	NOUN
cblr-2872	52	65	markets	market	NOUN
cblr-2872	52	66	have	have	VERB
cblr-2872	52	67	many	many	ADJ
cblr-2872	52	68	,	,	PUNCT
cblr-2872	52	69	many	many	ADJ
cblr-2872	52	70	decades	decade	NOUN
cblr-2872	52	71	of	of	ADP
cblr-2872	52	72	development	development	NOUN
cblr-2872	52	73	,	,	PUNCT
cblr-2872	52	74	and	and	CCONJ
cblr-2872	52	75	these	these	DET
cblr-2872	52	76	decades	decade	NOUN
cblr-2872	52	77	of	of	ADP
cblr-2872	52	78	development	development	NOUN
cblr-2872	52	79	were	be	AUX
cblr-2872	52	80	premised	premise	VERB
cblr-2872	52	81	on	on	ADP
cblr-2872	52	82	transparency	transparency	NOUN
cblr-2872	52	83	and	and	CCONJ
cblr-2872	52	84	openness	openness	NOUN
cblr-2872	52	85	.	.	PUNCT
cblr-2872	53	1	the	the	DET
cblr-2872	53	2	distribution	distribution	NOUN
cblr-2872	53	3	of	of	ADP
cblr-2872	53	4	our	our	PRON
cblr-2872	53	5	products	product	NOUN
cblr-2872	53	6	and	and	CCONJ
cblr-2872	53	7	our	our	PRON
cblr-2872	53	8	markets	market	NOUN
cblr-2872	53	9	are	be	AUX
cblr-2872	53	10	real	real	ADJ
cblr-2872	53	11	-	-	PUNCT
cblr-2872	53	12	time	time	NOUN
cblr-2872	53	13	.	.	PUNCT
cblr-2872	54	1	the	the	DET
cblr-2872	54	2	information	information	NOUN
cblr-2872	54	3	associated	associate	VERB
cblr-2872	54	4	with	with	ADP
cblr-2872	54	5	that	that	PRON
cblr-2872	54	6	from	from	ADP
cblr-2872	54	7	a	a	DET
cblr-2872	54	8	market	market	NOUN
cblr-2872	54	9	data	datum	NOUN
cblr-2872	54	10	perspective	perspective	NOUN
cblr-2872	54	11	,	,	PUNCT
cblr-2872	54	12	from	from	ADP
cblr-2872	54	13	a	a	DET
cblr-2872	54	14	clearing	clearing	NOUN
cblr-2872	54	15	perspective	perspective	NOUN
cblr-2872	54	16	,	,	PUNCT
cblr-2872	54	17	is	be	AUX
cblr-2872	54	18	real	real	ADJ
cblr-2872	54	19	-	-	PUNCT
cblr-2872	54	20	time	time	NOUN
cblr-2872	54	21	.	.	PUNCT
cblr-2872	54	22	"	"	PUNCT
cblr-2872	54	23	)	)	PUNCT
cblr-2872	54	24	.	.	PUNCT
cblr-2872	55	1	4	4	NUM
cblr-2872	55	2	see	see	VERB
cblr-2872	55	3	,	,	PUNCT
cblr-2872	55	4	e.g.	e.g.	ADV
cblr-2872	55	5	,	,	PUNCT
cblr-2872	55	6	george	george	PROPN
cblr-2872	55	7	harrington	harrington	PROPN
cblr-2872	55	8	,	,	PUNCT
cblr-2872	55	9	panelist	panelist	NOUN
cblr-2872	55	10	,	,	PUNCT
cblr-2872	55	11	i	i	PROPN
cblr-2872	55	12	d.	d.	VERB
cblr-2872	55	13	at	at	ADP
cblr-2872	55	14	45	45	NUM
cblr-2872	55	15	-	-	SYM
cblr-2872	55	16	46	46	NUM
cblr-2872	55	17	(	(	PUNCT
cblr-2872	55	18	"	"	PUNCT
cblr-2872	55	19	in	in	ADP
cblr-2872	55	20	summary	summary	NOUN
cblr-2872	55	21	,	,	PUNCT
cblr-2872	55	22	we	we	PRON
cblr-2872	55	23	believe	believe	VERB
cblr-2872	55	24	the	the	DET
cblr-2872	55	25	push	push	NOUN
cblr-2872	55	26	towards	towards	ADP
cblr-2872	55	27	central	central	ADJ
cblr-2872	55	28	clearing	clearing	NOUN
cblr-2872	55	29	is	be	AUX
cblr-2872	55	30	very	very	ADV
cblr-2872	55	31	positive	positive	ADJ
cblr-2872	55	32	for	for	ADP
cblr-2872	55	33	the	the	DET
cblr-2872	55	34	market	market	NOUN
cblr-2872	55	35	,	,	PUNCT
cblr-2872	55	36	but	but	CCONJ
cblr-2872	55	37	forced	force	VERB
cblr-2872	55	38	futurization	futurization	NOUN
cblr-2872	55	39	is	be	AUX
cblr-2872	55	40	a	a	DET
cblr-2872	55	41	negative	negative	ADJ
cblr-2872	55	42	and	and	CCONJ
cblr-2872	55	43	can	can	AUX
cblr-2872	55	44	prove	prove	VERB
cblr-2872	55	45	extremely	extremely	ADV
cblr-2872	55	46	costly	costly	ADJ
cblr-2872	55	47	to	to	ADP
cblr-2872	55	48	the	the	DET
cblr-2872	55	49	american	american	ADJ
cblr-2872	55	50	consumer	consumer	NOUN
cblr-2872	55	51	.	.	PUNCT
cblr-2872	55	52	"	"	PUNCT
cblr-2872	55	53	)	)	PUNCT
cblr-2872	55	54	;	;	PUNCT
cblr-2872	55	55	lee	lee	PROPN
cblr-2872	55	56	olesky	olesky	PROPN
cblr-2872	55	57	,	,	PUNCT
cblr-2872	55	58	panelist	panelist	NOUN
cblr-2872	55	59	,	,	PUNCT
cblr-2872	55	60	i	i	PROPN
cblr-2872	55	61	d.	d.	VERB
cblr-2872	55	62	at	at	ADP
cblr-2872	55	63	46	46	NUM
cblr-2872	55	64	-	-	SYM
cblr-2872	55	65	47	47	NUM
cblr-2872	55	66	(	(	PUNCT
cblr-2872	55	67	"	"	PUNCT
cblr-2872	55	68	fundamentally	fundamentally	ADV
cblr-2872	55	69	,	,	PUNCT
cblr-2872	55	70	we	we	PRON
cblr-2872	55	71	are	be	AUX
cblr-2872	55	72	concerned	concerned	ADJ
cblr-2872	55	73	that	that	SCONJ
cblr-2872	55	74	as	as	SCONJ
cblr-2872	55	75	currently	currently	ADV
cblr-2872	55	76	constructed	construct	VERB
cblr-2872	55	77	and	and	CCONJ
cblr-2872	55	78	contemplated	contemplate	VERB
cblr-2872	55	79	,	,	PUNCT
cblr-2872	55	80	the	the	DET
cblr-2872	55	81	regulatory	regulatory	ADJ
cblr-2872	55	82	structure	structure	NOUN
cblr-2872	55	83	and	and	CCONJ
cblr-2872	55	84	rulemaking	rulemaking	NOUN
cblr-2872	55	85	for	for	ADP
cblr-2872	55	86	swap	swap	NOUN
cblr-2872	55	87	futures	future	NOUN
cblr-2872	55	88	creates	create	VERB
cblr-2872	55	89	an	an	DET
cblr-2872	55	90	uneven	uneven	ADJ
cblr-2872	55	91	playing	playing	NOUN
cblr-2872	55	92	field	field	NOUN
cblr-2872	55	93	for	for	ADP
cblr-2872	55	94	market	market	NOUN
cblr-2872	55	95	participants	participant	NOUN
cblr-2872	55	96	that	that	PRON
cblr-2872	55	97	wish	wish	VERB
cblr-2872	55	98	to	to	PART
cblr-2872	55	99	trade	trade	VERB
cblr-2872	55	100	swaps	swap	NOUN
cblr-2872	55	101	and	and	CCONJ
cblr-2872	55	102	allows	allow	VERB
cblr-2872	55	103	economically	economically	ADV
cblr-2872	55	104	equivalent	equivalent	ADJ
cblr-2872	55	105	products	product	NOUN
cblr-2872	55	106	to	to	PART
cblr-2872	55	107	be	be	AUX
cblr-2872	55	108	traded	trade	VERB
cblr-2872	55	109	subject	subject	ADJ
cblr-2872	55	110	to	to	ADP
cblr-2872	55	111	different	different	ADJ
cblr-2872	55	112	system	system	NOUN
cblr-2872	55	113	rules	rule	NOUN
cblr-2872	55	114	.	.	PUNCT
cblr-2872	56	1	"	"	PUNCT
cblr-2872	56	2	)	)	PUNCT
cblr-2872	56	3	;	;	PUNCT
cblr-2872	56	4	jeffrey	jeffrey	PROPN
cblr-2872	56	5	maron	maron	PROPN
cblr-2872	56	6	,	,	PUNCT
cblr-2872	56	7	panelist	panelist	NOUN
cblr-2872	56	8	,	,	PUNCT
cblr-2872	56	9	i	i	PROPN
cblr-2872	56	10	d.	d.	VERB
cblr-2872	56	11	at	at	ADP
cblr-2872	56	12	51	51	NUM
cblr-2872	56	13	-	-	SYM
cblr-2872	56	14	52	52	NUM
cblr-2872	56	15	(	(	PUNCT
cblr-2872	56	16	"	"	PUNCT
cblr-2872	56	17	we	we	PRON
cblr-2872	56	18	believe	believe	VERB
cblr-2872	56	19	that	that	SCONJ
cblr-2872	56	20	such	such	ADJ
cblr-2872	56	21	overnight	overnight	ADJ
cblr-2872	56	22	futurization	futurization	NOUN
cblr-2872	56	23	,	,	PUNCT
cblr-2872	56	24	unlike	unlike	ADP
cblr-2872	56	25	historical	historical	ADJ
cblr-2872	56	26	market	market	NOUN
cblr-2872	56	27	-	-	PUNCT
cblr-2872	56	28	driven	drive	VERB
cblr-2872	56	29	product	product	NOUN
cblr-2872	56	30	evolution	evolution	NOUN
cblr-2872	56	31	,	,	PUNCT
cblr-2872	56	32	has	have	AUX
cblr-2872	56	33	been	be	AUX
cblr-2872	56	34	significantly	significantly	ADV
cblr-2872	56	35	distorted	distort	VERB
cblr-2872	56	36	by	by	ADP
cblr-2872	56	37	regulation	regulation	NOUN
cblr-2872	56	38	.	.	PUNCT
cblr-2872	57	1	accordingly	accordingly	ADV
cblr-2872	57	2	,	,	PUNCT
cblr-2872	57	3	we	we	PRON
cblr-2872	57	4	believe	believe	VERB
cblr-2872	57	5	that	that	SCONJ
cblr-2872	57	6	this	this	DET
cblr-2872	57	7	market	market	NOUN
cblr-2872	57	8	shifts	shift	NOUN
cblr-2872	57	9	[	[	X
cblr-2872	57	10	sic	sic	ADJ
cblr-2872	57	11	]	]	X
cblr-2872	57	12	should	should	AUX
cblr-2872	57	13	be	be	AUX
cblr-2872	57	14	carefully	carefully	ADV
cblr-2872	57	15	monitored	monitor	VERB
cblr-2872	57	16	by	by	ADP
cblr-2872	57	17	the	the	DET
cblr-2872	57	18	commission	commission	NOUN
cblr-2872	57	19	since	since	SCONJ
cblr-2872	57	20	it	it	PRON
cblr-2872	57	21	may	may	AUX
cblr-2872	57	22	harm	harm	VERB
cblr-2872	57	23	market	market	NOUN
cblr-2872	57	24	functioning	function	VERB
cblr-2872	57	25	if	if	SCONJ
cblr-2872	57	26	market	market	NOUN
cblr-2872	57	27	participants	participant	NOUN
cblr-2872	57	28	are	be	AUX
cblr-2872	57	29	no	no	ADV
cblr-2872	57	30	longer	long	ADV
cblr-2872	57	31	able	able	ADJ
cblr-2872	57	32	to	to	PART
cblr-2872	57	33	find	find	VERB
cblr-2872	57	34	the	the	DET
cblr-2872	57	35	choice	choice	NOUN
cblr-2872	57	36	,	,	PUNCT
cblr-2872	57	37	flexibility	flexibility	NOUN
cblr-2872	57	38	,	,	PUNCT
cblr-2872	57	39	and	and	CCONJ
cblr-2872	57	40	the	the	DET
cblr-2872	57	41	liquidity	liquidity	NOUN
cblr-2872	57	42	that	that	PRON
cblr-2872	57	43	they	they	PRON
cblr-2872	57	44	require	require	VERB
cblr-2872	57	45	from	from	ADP
cblr-2872	57	46	the	the	DET
cblr-2872	57	47	swaps	swap	NOUN
cblr-2872	57	48	markets	market	NOUN
cblr-2872	57	49	.	.	PUNCT
cblr-2872	57	50	"	"	PUNCT
cblr-2872	57	51	)	)	PUNCT
cblr-2872	57	52	;	;	PUNCT
cblr-2872	58	1	chris	chris	PROPN
cblr-2872	58	2	ferreri	ferreri	PROPN
cblr-2872	58	3	,	,	PUNCT
cblr-2872	58	4	panelist	panelist	NOUN
cblr-2872	58	5	,	,	PUNCT
cblr-2872	58	6	i	i	PROPN
cblr-2872	58	7	d.	d.	VERB
cblr-2872	58	8	at	at	ADP
cblr-2872	58	9	75	75	NUM
cblr-2872	58	10	(	(	PUNCT
cblr-2872	58	11	"	"	PUNCT
cblr-2872	58	12	congressional	congressional	ADJ
cblr-2872	58	13	intent	intent	NOUN
cblr-2872	58	14	for	for	ADP
cblr-2872	58	15	distinct	distinct	ADJ
cblr-2872	58	16	swaps	swap	NOUN
cblr-2872	58	17	regulatory	regulatory	ADJ
cblr-2872	58	18	regime	regime	NOUN
cblr-2872	58	19	[	[	X
cblr-2872	58	20	sic	sic	ADJ
cblr-2872	58	21	]	]	X
cblr-2872	58	22	is	be	AUX
cblr-2872	58	23	thwarted	thwart	VERB
cblr-2872	58	24	when	when	SCONJ
cblr-2872	58	25	the	the	DET
cblr-2872	58	26	name	name	NOUN
cblr-2872	58	27	of	of	ADP
cblr-2872	58	28	a	a	DET
cblr-2872	58	29	product	product	NOUN
cblr-2872	58	30	is	be	AUX
cblr-2872	58	31	changed	change	VERB
cblr-2872	58	32	from	from	ADP
cblr-2872	58	33	'	'	PUNCT
cblr-2872	58	34	swap	swap	NOUN
cblr-2872	58	35	'	'	PUNCT
cblr-2872	58	36	to	to	ADP
cblr-2872	58	37	'	'	PUNCT
cblr-2872	58	38	future	future	NOUN
cblr-2872	58	39	'	'	PUNCT
cblr-2872	58	40	for	for	ADP
cblr-2872	58	41	the	the	DET
cblr-2872	58	42	sole	sole	ADJ
cblr-2872	58	43	purpose	purpose	NOUN
cblr-2872	58	44	of	of	ADP
cblr-2872	58	45	moving	move	VERB
cblr-2872	58	46	it	it	PRON
cblr-2872	58	47	from	from	ADP
cblr-2872	58	48	one	one	NUM
cblr-2872	58	49	regulatory	regulatory	ADJ
cblr-2872	58	50	framework	framework	NOUN
cblr-2872	58	51	to	to	ADP
cblr-2872	58	52	another	another	PRON
cblr-2872	58	53	.	.	PUNCT
cblr-2872	58	54	"	"	PUNCT
cblr-2872	58	55	)	)	PUNCT
cblr-2872	58	56	.	.	PUNCT
cblr-2872	59	1	no	no	INTJ
cblr-2872	59	2	.	.	PUNCT
cblr-2872	60	1	3:667	3:667	NUM
cblr-2872	60	2	]	]	PUNCT
cblr-2872	60	3	671	671	NUM
cblr-2872	60	4	no	no	DET
cblr-2872	60	5	normative	normative	ADJ
cblr-2872	60	6	judgment	judgment	NOUN
cblr-2872	60	7	necessary.5	necessary.5	PROPN
cblr-2872	60	8	given	give	VERB
cblr-2872	60	9	the	the	DET
cblr-2872	60	10	enormous	enormous	ADJ
cblr-2872	60	11	size	size	NOUN
cblr-2872	60	12	of	of	ADP
cblr-2872	60	13	the	the	DET
cblr-2872	60	14	swap	swap	NOUN
cblr-2872	60	15	and	and	CCONJ
cblr-2872	60	16	futures	future	NOUN
cblr-2872	60	17	markets	market	NOUN
cblr-2872	60	18	-	-	PUNCT
cblr-2872	60	19	estimates	estimate	NOUN
cblr-2872	60	20	place	place	VERB
cblr-2872	60	21	the	the	DET
cblr-2872	60	22	swap	swap	NOUN
cblr-2872	60	23	market	market	NOUN
cblr-2872	60	24	globally	globally	ADV
cblr-2872	60	25	at	at	ADP
cblr-2872	60	26	$	$	SYM
cblr-2872	60	27	633	633	NUM
cblr-2872	60	28	trillion	trillion	NUM
cblr-2872	60	29	in	in	ADP
cblr-2872	60	30	notional	notional	ADJ
cblr-2872	60	31	size	size	NOUN
cblr-2872	60	32	'	'	PUNCT
cblr-2872	60	33	and	and	CCONJ
cblr-2872	60	34	the	the	DET
cblr-2872	60	35	futures	future	NOUN
cblr-2872	60	36	market	market	NOUN
cblr-2872	60	37	globally	globally	ADV
cblr-2872	60	38	at	at	ADP
cblr-2872	60	39	$	$	SYM
cblr-2872	60	40	24	24	NUM
cblr-2872	60	41	trillion	trillion	NUM
cblr-2872	60	42	in	in	ADP
cblr-2872	60	43	notional	notional	ADJ
cblr-2872	60	44	size	size	NOUN
cblr-2872	60	45	--	--	PUNCT
cblr-2872	60	46	and	and	CCONJ
cblr-2872	60	47	the	the	DET
cblr-2872	60	48	central	central	ADJ
cblr-2872	60	49	role	role	NOUN
cblr-2872	60	50	of	of	ADP
cblr-2872	60	51	swap	swap	NOUN
cblr-2872	60	52	market	market	NOUN
cblr-2872	60	53	reform	reform	NOUN
cblr-2872	60	54	in	in	ADP
cblr-2872	60	55	the	the	DET
cblr-2872	60	56	dodd	dodd	PROPN
cblr-2872	60	57	-	-	PUNCT
cblr-2872	60	58	frank	frank	ADJ
cblr-2872	60	59	post	post	ADJ
cblr-2872	60	60	-	-	ADJ
cblr-2872	60	61	financial	financial	ADJ
cblr-2872	60	62	crisis	crisis	NOUN
cblr-2872	60	63	regulatory	regulatory	ADJ
cblr-2872	60	64	plan	plan	NOUN
cblr-2872	60	65	,	,	PUNCT
cblr-2872	60	66	the	the	DET
cblr-2872	60	67	stakes	stake	NOUN
cblr-2872	60	68	in	in	ADP
cblr-2872	60	69	this	this	DET
cblr-2872	60	70	debate	debate	NOUN
cblr-2872	60	71	are	be	AUX
cblr-2872	60	72	high.8	high.8	VERB
cblr-2872	60	73	in	in	ADP
cblr-2872	60	74	this	this	DET
cblr-2872	60	75	article	article	NOUN
cblr-2872	60	76	,	,	PUNCT
cblr-2872	60	77	we	we	PRON
cblr-2872	60	78	apply	apply	VERB
cblr-2872	60	79	a	a	DET
cblr-2872	60	80	new	new	ADJ
cblr-2872	60	81	analytical	analytical	ADJ
cblr-2872	60	82	treatment	treatment	NOUN
cblr-2872	60	83	to	to	ADP
cblr-2872	60	84	the	the	DET
cblr-2872	60	85	futurization	futurization	NOUN
cblr-2872	60	86	trend	trend	NOUN
cblr-2872	60	87	with	with	ADP
cblr-2872	60	88	a	a	DET
cblr-2872	60	89	view	view	NOUN
cblr-2872	60	90	toward	toward	ADP
cblr-2872	60	91	assisting	assist	VERB
cblr-2872	60	92	the	the	DET
cblr-2872	60	93	cftc	cftc	PROPN
cblr-2872	60	94	to	to	PART
cblr-2872	60	95	better	well	ADV
cblr-2872	60	96	understand	understand	VERB
cblr-2872	60	97	this	this	DET
cblr-2872	60	98	phenomenon	phenomenon	NOUN
cblr-2872	60	99	.	.	PUNCT
cblr-2872	61	1	we	we	PRON
cblr-2872	61	2	create	create	VERB
cblr-2872	61	3	a	a	DET
cblr-2872	61	4	simple	simple	ADJ
cblr-2872	61	5	economic	economic	ADJ
cblr-2872	61	6	model	model	NOUN
cblr-2872	61	7	to	to	PART
cblr-2872	61	8	demonstrate	demonstrate	VERB
cblr-2872	61	9	that	that	SCONJ
cblr-2872	61	10	futurization	futurization	NOUN
cblr-2872	61	11	can	can	AUX
cblr-2872	61	12	be	be	AUX
cblr-2872	61	13	explained	explain	VERB
cblr-2872	61	14	through	through	ADP
cblr-2872	61	15	a	a	DET
cblr-2872	61	16	concept	concept	NOUN
cblr-2872	61	17	we	we	PRON
cblr-2872	61	18	call	call	VERB
cblr-2872	61	19	"	"	PUNCT
cblr-2872	61	20	regulation	regulation	NOUN
cblr-2872	61	21	through	through	ADP
cblr-2872	61	22	substitution"-the	substitution"-the	DET
cblr-2872	61	23	ability	ability	NOUN
cblr-2872	61	24	of	of	ADP
cblr-2872	61	25	a	a	DET
cblr-2872	61	26	regulator	regulator	NOUN
cblr-2872	61	27	to	to	PART
cblr-2872	61	28	encourage	encourage	VERB
cblr-2872	61	29	market	market	NOUN
cblr-2872	61	30	5	5	NUM
cblr-2872	61	31	see	see	NOUN
cblr-2872	61	32	,	,	PUNCT
cblr-2872	61	33	e.g.	e.g.	ADV
cblr-2872	61	34	,	,	PUNCT
cblr-2872	61	35	bart	bart	PROPN
cblr-2872	61	36	chilton	chilton	PROPN
cblr-2872	61	37	,	,	PUNCT
cblr-2872	61	38	comm'r	comm'r	PROPN
cblr-2872	61	39	,	,	PUNCT
cblr-2872	61	40	cftc	cftc	PROPN
cblr-2872	61	41	,	,	PUNCT
cblr-2872	61	42	cftc	cftc	PROPN
cblr-2872	61	43	roundtable	roundtable	NOUN
cblr-2872	61	44	,	,	PUNCT
cblr-2872	61	45	supra	supra	PROPN
cblr-2872	61	46	note	note	NOUN
cblr-2872	61	47	3	3	NUM
cblr-2872	61	48	,	,	PUNCT
cblr-2872	61	49	at	at	ADP
cblr-2872	61	50	24	24	NUM
cblr-2872	61	51	(	(	PUNCT
cblr-2872	61	52	"	"	PUNCT
cblr-2872	61	53	i	i	PRON
cblr-2872	61	54	just	just	ADV
cblr-2872	61	55	wanted	want	VERB
cblr-2872	61	56	to	to	PART
cblr-2872	61	57	make	make	VERB
cblr-2872	61	58	a	a	DET
cblr-2872	61	59	quick	quick	ADJ
cblr-2872	61	60	point	point	NOUN
cblr-2872	61	61	.	.	PUNCT
cblr-2872	62	1	you	you	PRON
cblr-2872	62	2	know	know	VERB
cblr-2872	62	3	,	,	PUNCT
cblr-2872	62	4	we	we	PRON
cblr-2872	62	5	've	have	AUX
cblr-2872	62	6	been	be	AUX
cblr-2872	62	7	hearing	hear	VERB
cblr-2872	62	8	a	a	DET
cblr-2872	62	9	lot	lot	NOUN
cblr-2872	62	10	about	about	ADP
cblr-2872	62	11	this	this	PRON
cblr-2872	62	12	and	and	CCONJ
cblr-2872	62	13	not	not	PART
cblr-2872	62	14	all	all	ADV
cblr-2872	62	15	bad	bad	ADJ
cblr-2872	62	16	that	that	SCONJ
cblr-2872	62	17	some	some	PRON
cblr-2872	62	18	of	of	ADP
cblr-2872	62	19	these	these	DET
cblr-2872	62	20	swaps	swap	NOUN
cblr-2872	62	21	are	be	AUX
cblr-2872	62	22	becoming	become	VERB
cblr-2872	62	23	futures	future	NOUN
cblr-2872	62	24	.	.	PUNCT
cblr-2872	63	1	i	i	PRON
cblr-2872	63	2	mean	mean	VERB
cblr-2872	63	3	,	,	PUNCT
cblr-2872	63	4	you	you	PRON
cblr-2872	63	5	know	know	VERB
cblr-2872	63	6	,	,	PUNCT
cblr-2872	63	7	swaps	swap	NOUN
cblr-2872	63	8	were	be	AUX
cblr-2872	63	9	part	part	NOUN
cblr-2872	63	10	of	of	ADP
cblr-2872	63	11	the	the	DET
cblr-2872	63	12	problem	problem	NOUN
cblr-2872	63	13	,	,	PUNCT
cblr-2872	63	14	and	and	CCONJ
cblr-2872	63	15	so	so	ADV
cblr-2872	63	16	it	it	PRON
cblr-2872	63	17	does	do	AUX
cblr-2872	63	18	n't	not	PART
cblr-2872	63	19	bother	bother	VERB
cblr-2872	63	20	me	i	PRON
cblr-2872	63	21	that	that	SCONJ
cblr-2872	63	22	we	we	PRON
cblr-2872	63	23	see	see	VERB
cblr-2872	63	24	some	some	PRON
cblr-2872	63	25	of	of	ADP
cblr-2872	63	26	this	this	DET
cblr-2872	63	27	futurization	futurization	NOUN
cblr-2872	63	28	,	,	PUNCT
cblr-2872	63	29	and	and	CCONJ
cblr-2872	63	30	the	the	DET
cblr-2872	63	31	question	question	NOUN
cblr-2872	63	32	is	be	AUX
cblr-2872	63	33	:	:	PUNCT
cblr-2872	63	34	does	do	AUX
cblr-2872	63	35	it	it	PRON
cblr-2872	63	36	become	become	VERB
cblr-2872	63	37	excessive	excessive	ADJ
cblr-2872	63	38	?	?	PUNCT
cblr-2872	63	39	"	"	PUNCT
cblr-2872	63	40	)	)	PUNCT
cblr-2872	63	41	;	;	PUNCT
cblr-2872	63	42	will	will	AUX
cblr-2872	63	43	rhode	rhode	NOUN
cblr-2872	63	44	,	,	PUNCT
cblr-2872	63	45	panelist	panelist	NOUN
cblr-2872	63	46	,	,	PUNCT
cblr-2872	63	47	i	i	PROPN
cblr-2872	63	48	d.	d.	PROPN
cblr-2872	63	49	at	at	ADP
cblr-2872	63	50	55	55	NUM
cblr-2872	63	51	(	(	PUNCT
cblr-2872	63	52	"	"	PUNCT
cblr-2872	63	53	swap	swap	NOUN
cblr-2872	63	54	futures	future	NOUN
cblr-2872	63	55	acts	act	VERB
cblr-2872	63	56	[	[	X
cblr-2872	63	57	sic	sic	ADJ
cblr-2872	63	58	]	]	PUNCT
cblr-2872	63	59	as	as	ADP
cblr-2872	63	60	a	a	DET
cblr-2872	63	61	wrapper	wrapper	NOUN
cblr-2872	63	62	to	to	PART
cblr-2872	63	63	insulate	insulate	VERB
cblr-2872	63	64	swap	swap	NOUN
cblr-2872	63	65	users	user	NOUN
cblr-2872	63	66	from	from	ADP
cblr-2872	63	67	some	some	PRON
cblr-2872	63	68	of	of	ADP
cblr-2872	63	69	the	the	DET
cblr-2872	63	70	more	more	ADV
cblr-2872	63	71	punitive	punitive	ADJ
cblr-2872	63	72	elements	element	NOUN
cblr-2872	63	73	of	of	ADP
cblr-2872	63	74	dodd	dodd	PROPN
cblr-2872	63	75	-	-	PUNCT
cblr-2872	63	76	frank	frank	ADJ
cblr-2872	63	77	reform	reform	NOUN
cblr-2872	63	78	.	.	PUNCT
cblr-2872	64	1	on	on	ADP
cblr-2872	64	2	the	the	DET
cblr-2872	64	3	one	one	NUM
cblr-2872	64	4	hand	hand	NOUN
cblr-2872	64	5	,	,	PUNCT
cblr-2872	64	6	they	they	PRON
cblr-2872	64	7	may	may	AUX
cblr-2872	64	8	be	be	AUX
cblr-2872	64	9	viewed	view	VERB
cblr-2872	64	10	as	as	ADP
cblr-2872	64	11	a	a	DET
cblr-2872	64	12	healthy	healthy	ADJ
cblr-2872	64	13	innovative	innovative	ADJ
cblr-2872	64	14	response	response	NOUN
cblr-2872	64	15	by	by	ADP
cblr-2872	64	16	the	the	DET
cblr-2872	64	17	financial	financial	ADJ
cblr-2872	64	18	services	service	NOUN
cblr-2872	64	19	industry	industry	NOUN
cblr-2872	64	20	to	to	ADP
cblr-2872	64	21	regulatory	regulatory	ADJ
cblr-2872	64	22	change	change	NOUN
cblr-2872	64	23	.	.	PUNCT
cblr-2872	65	1	given	give	VERB
cblr-2872	65	2	that	that	SCONJ
cblr-2872	65	3	congress	congress	PROPN
cblr-2872	65	4	looked	look	VERB
cblr-2872	65	5	to	to	ADP
cblr-2872	65	6	the	the	DET
cblr-2872	65	7	futures	future	NOUN
cblr-2872	65	8	market	market	NOUN
cblr-2872	65	9	as	as	ADP
cblr-2872	65	10	a	a	DET
cblr-2872	65	11	guide	guide	NOUN
cblr-2872	65	12	for	for	ADP
cblr-2872	65	13	swaps	swap	NOUN
cblr-2872	65	14	reform	reform	NOUN
cblr-2872	65	15	,	,	PUNCT
cblr-2872	65	16	it	it	PRON
cblr-2872	65	17	could	could	AUX
cblr-2872	65	18	be	be	AUX
cblr-2872	65	19	argued	argue	VERB
cblr-2872	65	20	that	that	SCONJ
cblr-2872	65	21	swap	swap	NOUN
cblr-2872	65	22	futures	future	NOUN
cblr-2872	65	23	are	be	AUX
cblr-2872	65	24	consistent	consistent	ADJ
cblr-2872	65	25	with	with	ADP
cblr-2872	65	26	regulatory	regulatory	ADJ
cblr-2872	65	27	intent	intent	NOUN
cblr-2872	65	28	.	.	PUNCT
cblr-2872	66	1	in	in	ADP
cblr-2872	66	2	many	many	ADJ
cblr-2872	66	3	ways	way	NOUN
cblr-2872	66	4	,	,	PUNCT
cblr-2872	66	5	they	they	PRON
cblr-2872	66	6	appear	appear	VERB
cblr-2872	66	7	to	to	PART
cblr-2872	66	8	be	be	AUX
cblr-2872	66	9	a	a	DET
cblr-2872	66	10	logical	logical	ADJ
cblr-2872	66	11	progression	progression	NOUN
cblr-2872	66	12	.	.	PUNCT
cblr-2872	67	1	on	on	ADP
cblr-2872	67	2	the	the	DET
cblr-2872	67	3	other	other	ADJ
cblr-2872	67	4	hand	hand	NOUN
cblr-2872	67	5	,	,	PUNCT
cblr-2872	67	6	swap	swap	NOUN
cblr-2872	67	7	futures	future	NOUN
cblr-2872	67	8	can	can	AUX
cblr-2872	67	9	be	be	AUX
cblr-2872	67	10	viewed	view	VERB
cblr-2872	67	11	as	as	ADP
cblr-2872	67	12	regulatory	regulatory	ADJ
cblr-2872	67	13	avoidance	avoidance	NOUN
cblr-2872	67	14	.	.	PUNCT
cblr-2872	68	1	to	to	PART
cblr-2872	68	2	borrow	borrow	VERB
cblr-2872	68	3	from	from	ADP
cblr-2872	68	4	myron	myron	PROPN
cblr-2872	68	5	scholes	scholes	PROPN
cblr-2872	68	6	,	,	PUNCT
cblr-2872	68	7	one	one	NUM
cblr-2872	68	8	of	of	ADP
cblr-2872	68	9	the	the	DET
cblr-2872	68	10	reasons	reason	NOUN
cblr-2872	68	11	we	we	PRON
cblr-2872	68	12	have	have	VERB
cblr-2872	68	13	financial	financial	ADJ
cblr-2872	68	14	innovation	innovation	NOUN
cblr-2872	68	15	is	be	AUX
cblr-2872	68	16	to	to	PART
cblr-2872	68	17	get	get	VERB
cblr-2872	68	18	around	around	ADP
cblr-2872	68	19	rules	rule	NOUN
cblr-2872	68	20	and	and	CCONJ
cblr-2872	68	21	regulations	regulation	NOUN
cblr-2872	68	22	.	.	PUNCT
cblr-2872	69	1	"	"	PUNCT
cblr-2872	69	2	)	)	PUNCT
cblr-2872	69	3	6	6	NUM
cblr-2872	69	4	total	total	ADJ
cblr-2872	69	5	notional	notional	ADJ
cblr-2872	69	6	amounts	amount	NOUN
cblr-2872	69	7	outstanding	outstanding	ADJ
cblr-2872	69	8	for	for	ADP
cblr-2872	69	9	all	all	DET
cblr-2872	69	10	otc	otc	PROPN
cblr-2872	69	11	derivatives	derivative	NOUN
cblr-2872	69	12	contracts	contract	NOUN
cblr-2872	69	13	as	as	ADP
cblr-2872	69	14	of	of	ADP
cblr-2872	69	15	december	december	PROPN
cblr-2872	69	16	2012	2012	NUM
cblr-2872	69	17	.	.	PUNCT
cblr-2872	70	1	bank	bank	NOUN
cblr-2872	70	2	for	for	ADP
cblr-2872	70	3	international	international	ADJ
cblr-2872	70	4	settlements	settlement	NOUN
cblr-2872	70	5	,	,	PUNCT
cblr-2872	70	6	bis	bis	ADJ
cblr-2872	70	7	quarterly	quarterly	ADJ
cblr-2872	70	8	review	review	NOUN
cblr-2872	70	9	:	:	PUNCT
cblr-2872	70	10	international	international	ADJ
cblr-2872	70	11	banking	banking	NOUN
cblr-2872	70	12	and	and	CCONJ
cblr-2872	70	13	financial	financial	ADJ
cblr-2872	70	14	market	market	NOUN
cblr-2872	70	15	developments	development	NOUN
cblr-2872	70	16	(	(	PUNCT
cblr-2872	70	17	statistical	statistical	ADJ
cblr-2872	70	18	annex	annex	NOUN
cblr-2872	70	19	)	)	PUNCT
cblr-2872	70	20	a141	a141	PROPN
cblr-2872	70	21	(	(	PUNCT
cblr-2872	70	22	june	june	PROPN
cblr-2872	70	23	2013	2013	NUM
cblr-2872	70	24	)	)	PUNCT
cblr-2872	70	25	,	,	PUNCT
cblr-2872	70	26	available	available	ADJ
cblr-2872	70	27	at	at	ADP
cblr-2872	70	28	http://www.bis.org/publ/qtrpdf/r-qal306.pdf	http://www.bis.org/publ/qtrpdf/r-qal306.pdf	PROPN
cblr-2872	70	29	.	.	PROPN
cblr-2872	70	30	7	7	NUM
cblr-2872	70	31	total	total	ADJ
cblr-2872	70	32	notional	notional	ADJ
cblr-2872	70	33	amounts	amount	NOUN
cblr-2872	70	34	outstanding	outstanding	ADJ
cblr-2872	70	35	for	for	ADP
cblr-2872	70	36	all	all	DET
cblr-2872	70	37	exchange	exchange	NOUN
cblr-2872	70	38	-	-	PUNCT
cblr-2872	70	39	traded	trade	VERB
cblr-2872	70	40	futures	future	NOUN
cblr-2872	70	41	contracts	contract	NOUN
cblr-2872	70	42	as	as	ADP
cblr-2872	70	43	of	of	ADP
cblr-2872	70	44	december	december	PROPN
cblr-2872	70	45	2012	2012	NUM
cblr-2872	70	46	.	.	PUNCT
cblr-2872	71	1	i	i	PRON
cblr-2872	71	2	d.	d.	PROPN
cblr-2872	71	3	at	at	ADP
cblr-2872	71	4	a146	a146	PROPN
cblr-2872	71	5	.	.	PROPN
cblr-2872	71	6	8	8	NUM
cblr-2872	71	7	for	for	ADP
cblr-2872	71	8	example	example	NOUN
cblr-2872	71	9	,	,	PUNCT
cblr-2872	71	10	in	in	ADP
cblr-2872	71	11	april	april	PROPN
cblr-2872	71	12	2013	2013	NUM
cblr-2872	71	13	,	,	PUNCT
cblr-2872	71	14	bloomberg	bloomberg	PROPN
cblr-2872	71	15	filed	file	VERB
cblr-2872	71	16	a	a	DET
cblr-2872	71	17	federal	federal	ADJ
cblr-2872	71	18	lawsuit	lawsuit	NOUN
cblr-2872	71	19	against	against	ADP
cblr-2872	71	20	the	the	DET
cblr-2872	71	21	cftc	cftc	NOUN
cblr-2872	71	22	seeking	seek	VERB
cblr-2872	71	23	an	an	DET
cblr-2872	71	24	injunction	injunction	NOUN
cblr-2872	71	25	against	against	ADP
cblr-2872	71	26	a	a	DET
cblr-2872	71	27	rule	rule	NOUN
cblr-2872	71	28	that	that	PRON
cblr-2872	71	29	would	would	AUX
cblr-2872	71	30	set	set	VERB
cblr-2872	71	31	different	different	ADJ
cblr-2872	71	32	mandatory	mandatory	ADJ
cblr-2872	71	33	clearinghouse	clearinghouse	NOUN
cblr-2872	71	34	margin	margin	NOUN
cblr-2872	71	35	minimums	minimum	NOUN
cblr-2872	71	36	for	for	ADP
cblr-2872	71	37	futures	future	NOUN
cblr-2872	71	38	and	and	CCONJ
cblr-2872	71	39	swaps	swap	NOUN
cblr-2872	71	40	.	.	PUNCT
cblr-2872	72	1	complaint	complaint	NOUN
cblr-2872	72	2	at	at	ADP
cblr-2872	72	3	1	1	NUM
cblr-2872	72	4	-	-	SYM
cblr-2872	72	5	2	2	NUM
cblr-2872	72	6	,	,	PUNCT
cblr-2872	72	7	bloomberg	bloomberg	PROPN
cblr-2872	72	8	l.p	l.p	PROPN
cblr-2872	72	9	.	.	PROPN
cblr-2872	72	10	v.	v.	PROPN
cblr-2872	72	11	cftc	cftc	PROPN
cblr-2872	72	12	,	,	PUNCT
cblr-2872	72	13	2013	2013	NUM
cblr-2872	72	14	wl	wl	NOUN
cblr-2872	72	15	2458283	2458283	NUM
cblr-2872	72	16	(	(	PUNCT
cblr-2872	72	17	d.d.c	d.d.c	PROPN
cblr-2872	72	18	.	.	PROPN
cblr-2872	72	19	june	june	PROPN
cblr-2872	72	20	7	7	NUM
cblr-2872	72	21	,	,	PUNCT
cblr-2872	72	22	2013	2013	NUM
cblr-2872	72	23	)	)	PUNCT
cblr-2872	72	24	(	(	PUNCT
cblr-2872	72	25	civ	civ	NOUN
cblr-2872	72	26	.	.	PUNCT
cblr-2872	73	1	no	no	INTJ
cblr-2872	73	2	.	.	NOUN
cblr-2872	74	1	13	13	NUM
cblr-2872	74	2	-	-	SYM
cblr-2872	74	3	523(bah	523(bah	NUM
cblr-2872	74	4	)	)	PUNCT
cblr-2872	74	5	)	)	PUNCT
cblr-2872	74	6	,	,	PUNCT
cblr-2872	74	7	2013	2013	NUM
cblr-2872	74	8	wl	wl	NOUN
cblr-2872	74	9	1629236	1629236	NUM
cblr-2872	74	10	.	.	PUNCT
cblr-2872	75	1	while	while	SCONJ
cblr-2872	75	2	the	the	DET
cblr-2872	75	3	lawsuit	lawsuit	NOUN
cblr-2872	75	4	was	be	AUX
cblr-2872	75	5	subsequently	subsequently	ADV
cblr-2872	75	6	dismissed	dismiss	VERB
cblr-2872	75	7	on	on	ADP
cblr-2872	75	8	standing	standing	NOUN
cblr-2872	75	9	grounds	ground	NOUN
cblr-2872	75	10	,	,	PUNCT
cblr-2872	75	11	further	further	ADJ
cblr-2872	75	12	litigation	litigation	NOUN
cblr-2872	75	13	is	be	AUX
cblr-2872	75	14	sure	sure	ADJ
cblr-2872	75	15	to	to	PART
cblr-2872	75	16	follow	follow	VERB
cblr-2872	75	17	.	.	PUNCT
cblr-2872	76	1	672	672	NUM
cblr-2872	76	2	columibia	columibia	PROPN
cblr-2872	76	3	business	business	NOUN
cblr-2872	76	4	law	law	NOUN
cblr-2872	76	5	review	review	NOUN
cblr-2872	76	6	[	[	X
cblr-2872	76	7	vol	vol	NOUN
cblr-2872	76	8	.	.	PUNCT
cblr-2872	76	9	2013	2013	NUM
cblr-2872	76	10	participants	participant	NOUN
cblr-2872	76	11	to	to	PART
cblr-2872	76	12	subject	subject	VERB
cblr-2872	76	13	themselves	themselves	PRON
cblr-2872	76	14	to	to	ADP
cblr-2872	76	15	one	one	NUM
cblr-2872	76	16	regulatory	regulatory	ADJ
cblr-2872	76	17	regime	regime	NOUN
cblr-2872	76	18	versus	versus	ADP
cblr-2872	76	19	another	another	PRON
cblr-2872	76	20	through	through	ADP
cblr-2872	76	21	the	the	DET
cblr-2872	76	22	imposition	imposition	NOUN
cblr-2872	76	23	of	of	ADP
cblr-2872	76	24	differential	differential	ADJ
cblr-2872	76	25	regulatory	regulatory	ADJ
cblr-2872	76	26	costs	cost	NOUN
cblr-2872	76	27	.	.	PUNCT
cblr-2872	77	1	the	the	DET
cblr-2872	77	2	substitution	substitution	NOUN
cblr-2872	77	3	effect	effect	NOUN
cblr-2872	77	4	,	,	PUNCT
cblr-2872	77	5	whether	whether	SCONJ
cblr-2872	77	6	for	for	ADP
cblr-2872	77	7	individual	individual	ADJ
cblr-2872	77	8	products	product	NOUN
cblr-2872	77	9	or	or	CCONJ
cblr-2872	77	10	regulatory	regulatory	ADJ
cblr-2872	77	11	regimes	regime	NOUN
cblr-2872	77	12	,	,	PUNCT
cblr-2872	77	13	is	be	AUX
cblr-2872	77	14	well	well	ADV
cblr-2872	77	15	known	know	VERB
cblr-2872	77	16	and	and	CCONJ
cblr-2872	77	17	well	well	ADV
cblr-2872	77	18	understood	understand	VERB
cblr-2872	77	19	.	.	PUNCT
cblr-2872	78	1	what	what	PRON
cblr-2872	78	2	differentiates	differentiate	VERB
cblr-2872	78	3	substitution	substitution	NOUN
cblr-2872	78	4	between	between	ADP
cblr-2872	78	5	the	the	DET
cblr-2872	78	6	futures	future	NOUN
cblr-2872	78	7	and	and	CCONJ
cblr-2872	78	8	swaps	swap	VERB
cblr-2872	78	9	regulatory	regulatory	ADJ
cblr-2872	78	10	regimes	regime	NOUN
cblr-2872	78	11	from	from	ADP
cblr-2872	78	12	most	most	ADJ
cblr-2872	78	13	substitution	substitution	NOUN
cblr-2872	78	14	cases	case	NOUN
cblr-2872	78	15	,	,	PUNCT
cblr-2872	78	16	however	however	ADV
cblr-2872	78	17	,	,	PUNCT
cblr-2872	78	18	is	be	AUX
cblr-2872	78	19	that	that	SCONJ
cblr-2872	78	20	both	both	DET
cblr-2872	78	21	regimes	regime	NOUN
cblr-2872	78	22	are	be	AUX
cblr-2872	78	23	the	the	DET
cblr-2872	78	24	responsibility	responsibility	NOUN
cblr-2872	78	25	of	of	ADP
cblr-2872	78	26	one	one	NUM
cblr-2872	78	27	regulator	regulator	NOUN
cblr-2872	78	28	,	,	PUNCT
cblr-2872	78	29	the	the	DET
cblr-2872	78	30	cftc	cftc	PROPN
cblr-2872	78	31	,	,	PUNCT
cblr-2872	78	32	which	which	PRON
cblr-2872	78	33	can	can	AUX
cblr-2872	78	34	significantly	significantly	ADV
cblr-2872	78	35	adjust	adjust	VERB
cblr-2872	78	36	the	the	DET
cblr-2872	78	37	"	"	PUNCT
cblr-2872	78	38	price	price	NOUN
cblr-2872	78	39	"	"	PUNCT
cblr-2872	78	40	of	of	ADP
cblr-2872	78	41	each	each	DET
cblr-2872	78	42	regime	regime	NOUN
cblr-2872	78	43	through	through	ADP
cblr-2872	78	44	its	its	PRON
cblr-2872	78	45	regulations	regulation	NOUN
cblr-2872	78	46	.	.	PUNCT
cblr-2872	79	1	thus	thus	ADV
cblr-2872	79	2	,	,	PUNCT
cblr-2872	79	3	a	a	DET
cblr-2872	79	4	single	single	ADJ
cblr-2872	79	5	regulator	regulator	NOUN
cblr-2872	79	6	controls	control	VERB
cblr-2872	79	7	not	not	PART
cblr-2872	79	8	only	only	ADV
cblr-2872	79	9	the	the	DET
cblr-2872	79	10	absolute	absolute	ADJ
cblr-2872	79	11	price	price	NOUN
cblr-2872	79	12	of	of	ADP
cblr-2872	79	13	each	each	DET
cblr-2872	79	14	regulatory	regulatory	ADJ
cblr-2872	79	15	regime	regime	NOUN
cblr-2872	79	16	but	but	CCONJ
cblr-2872	79	17	also	also	ADV
cblr-2872	79	18	the	the	DET
cblr-2872	79	19	relative	relative	ADJ
cblr-2872	79	20	price	price	NOUN
cblr-2872	79	21	of	of	ADP
cblr-2872	79	22	the	the	DET
cblr-2872	79	23	two	two	NUM
cblr-2872	79	24	regimes	regime	NOUN
cblr-2872	79	25	it	it	PRON
cblr-2872	79	26	oversees	oversee	VERB
cblr-2872	79	27	.	.	PUNCT
cblr-2872	80	1	our	our	PRON
cblr-2872	80	2	simple	simple	ADJ
cblr-2872	80	3	model	model	NOUN
cblr-2872	80	4	demonstrates	demonstrate	VERB
cblr-2872	80	5	that	that	PRON
cblr-2872	80	6	regulation	regulation	NOUN
cblr-2872	80	7	through	through	ADP
cblr-2872	80	8	substitution	substitution	NOUN
cblr-2872	80	9	is	be	AUX
cblr-2872	80	10	a	a	DET
cblr-2872	80	11	more	more	ADV
cblr-2872	80	12	nuanced	nuanced	ADJ
cblr-2872	80	13	regulatory	regulatory	ADJ
cblr-2872	80	14	tool	tool	NOUN
cblr-2872	80	15	than	than	SCONJ
cblr-2872	80	16	might	might	AUX
cblr-2872	80	17	otherwise	otherwise	ADV
cblr-2872	80	18	be	be	AUX
cblr-2872	80	19	thought	think	VERB
cblr-2872	80	20	.	.	PUNCT
cblr-2872	81	1	while	while	SCONJ
cblr-2872	81	2	most	most	ADJ
cblr-2872	81	3	commentators	commentator	NOUN
cblr-2872	81	4	have	have	AUX
cblr-2872	81	5	viewed	view	VERB
cblr-2872	81	6	futurization	futurization	NOUN
cblr-2872	81	7	as	as	ADP
cblr-2872	81	8	a	a	DET
cblr-2872	81	9	trend	trend	NOUN
cblr-2872	81	10	affecting	affect	VERB
cblr-2872	81	11	the	the	DET
cblr-2872	81	12	swap	swap	NOUN
cblr-2872	81	13	markets	market	NOUN
cblr-2872	81	14	in	in	ADP
cblr-2872	81	15	a	a	DET
cblr-2872	81	16	uniform	uniform	ADJ
cblr-2872	81	17	manner	manner	NOUN
cblr-2872	81	18	,	,	PUNCT
cblr-2872	81	19	our	our	PRON
cblr-2872	81	20	model	model	NOUN
cblr-2872	81	21	shows	show	VERB
cblr-2872	81	22	how	how	SCONJ
cblr-2872	81	23	different	different	ADJ
cblr-2872	81	24	types	type	NOUN
cblr-2872	81	25	of	of	ADP
cblr-2872	81	26	regulations	regulation	NOUN
cblr-2872	81	27	are	be	AUX
cblr-2872	81	28	likely	likely	ADJ
cblr-2872	81	29	to	to	PART
cblr-2872	81	30	futurize	futurize	VERB
cblr-2872	81	31	different	different	ADJ
cblr-2872	81	32	segments	segment	NOUN
cblr-2872	81	33	of	of	ADP
cblr-2872	81	34	the	the	DET
cblr-2872	81	35	swap	swap	NOUN
cblr-2872	81	36	markets	market	NOUN
cblr-2872	81	37	.	.	PUNCT
cblr-2872	82	1	specifically	specifically	ADV
cblr-2872	82	2	,	,	PUNCT
cblr-2872	82	3	since	since	SCONJ
cblr-2872	82	4	different	different	ADJ
cblr-2872	82	5	regulations	regulation	NOUN
cblr-2872	82	6	can	can	AUX
cblr-2872	82	7	impose	impose	VERB
cblr-2872	82	8	different	different	ADJ
cblr-2872	82	9	costs	cost	NOUN
cblr-2872	82	10	on	on	ADP
cblr-2872	82	11	different	different	ADJ
cblr-2872	82	12	segments	segment	NOUN
cblr-2872	82	13	of	of	ADP
cblr-2872	82	14	the	the	DET
cblr-2872	82	15	market	market	NOUN
cblr-2872	82	16	,	,	PUNCT
cblr-2872	82	17	a	a	DET
cblr-2872	82	18	particular	particular	ADJ
cblr-2872	82	19	regulation	regulation	NOUN
cblr-2872	82	20	may	may	AUX
cblr-2872	82	21	encourage	encourage	VERB
cblr-2872	82	22	the	the	DET
cblr-2872	82	23	futurization	futurization	NOUN
cblr-2872	82	24	of	of	ADP
cblr-2872	82	25	a	a	DET
cblr-2872	82	26	certain	certain	ADJ
cblr-2872	82	27	subset	subset	NOUN
cblr-2872	82	28	of	of	ADP
cblr-2872	82	29	swaps	swap	NOUN
cblr-2872	82	30	but	but	CCONJ
cblr-2872	82	31	not	not	PART
cblr-2872	82	32	others	other	NOUN
cblr-2872	82	33	.	.	PUNCT
cblr-2872	83	1	we	we	PRON
cblr-2872	83	2	use	use	VERB
cblr-2872	83	3	this	this	DET
cblr-2872	83	4	insight	insight	NOUN
cblr-2872	83	5	to	to	PART
cblr-2872	83	6	predict	predict	VERB
cblr-2872	83	7	how	how	SCONJ
cblr-2872	83	8	the	the	DET
cblr-2872	83	9	cftc	cftc	PROPN
cblr-2872	83	10	's	's	PART
cblr-2872	83	11	new	new	ADJ
cblr-2872	83	12	dodd	dodd	PROPN
cblr-2872	83	13	-	-	PUNCT
cblr-2872	83	14	frank	frank	PROPN
cblr-2872	83	15	regulations	regulation	NOUN
cblr-2872	83	16	will	will	AUX
cblr-2872	83	17	incentivize	incentivize	VERB
cblr-2872	83	18	the	the	DET
cblr-2872	83	19	futurization	futurization	NOUN
cblr-2872	83	20	of	of	ADP
cblr-2872	83	21	certain	certain	ADJ
cblr-2872	83	22	swap	swap	NOUN
cblr-2872	83	23	products	product	NOUN
cblr-2872	83	24	transacted	transact	VERB
cblr-2872	83	25	by	by	ADP
cblr-2872	83	26	certain	certain	ADJ
cblr-2872	83	27	market	market	NOUN
cblr-2872	83	28	participants	participant	NOUN
cblr-2872	83	29	and	and	CCONJ
cblr-2872	83	30	may	may	AUX
cblr-2872	83	31	even	even	ADV
cblr-2872	83	32	incentivize	incentivize	VERB
cblr-2872	83	33	the	the	DET
cblr-2872	83	34	reverse-"swapification"-by	reverse-"swapification"-by	ADJ
cblr-2872	83	35	other	other	ADJ
cblr-2872	83	36	market	market	NOUN
cblr-2872	83	37	participants	participant	NOUN
cblr-2872	83	38	.	.	PUNCT
cblr-2872	84	1	we	we	PRON
cblr-2872	84	2	conclude	conclude	VERB
cblr-2872	84	3	that	that	SCONJ
cblr-2872	84	4	many	many	ADJ
cblr-2872	84	5	of	of	ADP
cblr-2872	84	6	the	the	DET
cblr-2872	84	7	cftc	cftc	PROPN
cblr-2872	84	8	's	's	PART
cblr-2872	84	9	regulatory	regulatory	ADJ
cblr-2872	84	10	actions	action	NOUN
cblr-2872	84	11	are	be	AUX
cblr-2872	84	12	likely	likely	ADJ
cblr-2872	84	13	to	to	PART
cblr-2872	84	14	have	have	VERB
cblr-2872	84	15	consequences	consequence	NOUN
cblr-2872	84	16	different	different	ADJ
cblr-2872	84	17	from	from	ADP
cblr-2872	84	18	what	what	PRON
cblr-2872	84	19	the	the	DET
cblr-2872	84	20	cftc	cftc	PROPN
cblr-2872	84	21	or	or	CCONJ
cblr-2872	84	22	market	market	NOUN
cblr-2872	84	23	participants	participant	NOUN
cblr-2872	84	24	may	may	AUX
cblr-2872	84	25	expect	expect	VERB
cblr-2872	84	26	.	.	PUNCT
cblr-2872	85	1	while	while	SCONJ
cblr-2872	85	2	this	this	DET
cblr-2872	85	3	article	article	NOUN
cblr-2872	85	4	applies	apply	VERB
cblr-2872	85	5	our	our	PRON
cblr-2872	85	6	model	model	NOUN
cblr-2872	85	7	to	to	ADP
cblr-2872	85	8	the	the	DET
cblr-2872	85	9	futurization	futurization	NOUN
cblr-2872	85	10	trend	trend	NOUN
cblr-2872	85	11	,	,	PUNCT
cblr-2872	85	12	the	the	DET
cblr-2872	85	13	insights	insight	NOUN
cblr-2872	85	14	provided	provide	VERB
cblr-2872	85	15	can	can	AUX
cblr-2872	85	16	be	be	AUX
cblr-2872	85	17	useful	useful	ADJ
cblr-2872	85	18	in	in	ADP
cblr-2872	85	19	other	other	ADJ
cblr-2872	85	20	contexts	contexts	NOUN
cblr-2872	85	21	.	.	PUNCT
cblr-2872	86	1	specifically	specifically	ADV
cblr-2872	86	2	,	,	PUNCT
cblr-2872	86	3	a	a	DET
cblr-2872	86	4	regulatory	regulatory	ADJ
cblr-2872	86	5	agency	agency	NOUN
cblr-2872	86	6	charged	charge	VERB
cblr-2872	86	7	with	with	ADP
cblr-2872	86	8	oversight	oversight	NOUN
cblr-2872	86	9	over	over	ADP
cblr-2872	86	10	two	two	NUM
cblr-2872	86	11	distinct	distinct	ADJ
cblr-2872	86	12	but	but	CCONJ
cblr-2872	86	13	related	related	ADJ
cblr-2872	86	14	regulatory	regulatory	ADJ
cblr-2872	86	15	regimes	regime	NOUN
cblr-2872	86	16	can	can	AUX
cblr-2872	86	17	predict	predict	VERB
cblr-2872	86	18	certain	certain	ADJ
cblr-2872	86	19	consequences	consequence	NOUN
cblr-2872	86	20	of	of	ADP
cblr-2872	86	21	regulation	regulation	NOUN
cblr-2872	86	22	that	that	PRON
cblr-2872	86	23	would	would	AUX
cblr-2872	86	24	otherwise	otherwise	ADV
cblr-2872	86	25	be	be	AUX
cblr-2872	86	26	considered	consider	VERB
cblr-2872	86	27	"	"	PUNCT
cblr-2872	86	28	unintended	unintended	ADJ
cblr-2872	86	29	.	.	PUNCT
cblr-2872	86	30	"	"	PUNCT
cblr-2872	87	1	armed	arm	VERB
cblr-2872	87	2	with	with	ADP
cblr-2872	87	3	this	this	DET
cblr-2872	87	4	predictive	predictive	ADJ
cblr-2872	87	5	tool	tool	NOUN
cblr-2872	87	6	,	,	PUNCT
cblr-2872	87	7	regulatory	regulatory	ADJ
cblr-2872	87	8	agencies	agency	NOUN
cblr-2872	87	9	can	can	AUX
cblr-2872	87	10	design	design	VERB
cblr-2872	87	11	regulations	regulation	NOUN
cblr-2872	87	12	to	to	PART
cblr-2872	87	13	intend	intend	VERB
cblr-2872	87	14	what	what	PRON
cblr-2872	87	15	otherwise	otherwise	ADV
cblr-2872	87	16	would	would	AUX
cblr-2872	87	17	be	be	AUX
cblr-2872	87	18	unintended	unintended	ADJ
cblr-2872	87	19	consequences	consequence	NOUN
cblr-2872	87	20	of	of	ADP
cblr-2872	87	21	regulation	regulation	NOUN
cblr-2872	87	22	.	.	PUNCT
cblr-2872	88	1	that	that	PRON
cblr-2872	88	2	is	is	ADV
cblr-2872	88	3	,	,	PUNCT
cblr-2872	88	4	a	a	DET
cblr-2872	88	5	regulator	regulator	NOUN
cblr-2872	88	6	can	can	AUX
cblr-2872	88	7	apply	apply	VERB
cblr-2872	88	8	regulation	regulation	NOUN
cblr-2872	88	9	through	through	ADP
cblr-2872	88	10	substitution	substitution	NOUN
cblr-2872	88	11	to	to	PART
cblr-2872	88	12	affirmatively	affirmatively	ADV
cblr-2872	88	13	achieve	achieve	VERB
cblr-2872	88	14	desired	desire	VERB
cblr-2872	88	15	regulatory	regulatory	ADJ
cblr-2872	88	16	regulation	regulation	NOUN
cblr-2872	88	17	through	through	ADP
cblr-2872	88	18	substitution	substitution	NOUN
cblr-2872	88	19	673no	673no	NOUN
cblr-2872	88	20	.	.	PUNCT
cblr-2872	89	1	3:667	3:667	NUM
cblr-2872	89	2	]	]	PUNCT
cblr-2872	89	3	outcomes	outcome	NOUN
cblr-2872	89	4	,	,	PUNCT
cblr-2872	89	5	including	include	VERB
cblr-2872	89	6	the	the	DET
cblr-2872	89	7	development	development	NOUN
cblr-2872	89	8	of	of	ADP
cblr-2872	89	9	side	side	NOUN
cblr-2872	89	10	-	-	PUNCT
cblr-2872	89	11	by	by	ADP
cblr-2872	89	12	-	-	PUNCT
cblr-2872	89	13	side	side	NOUN
cblr-2872	89	14	markets	market	NOUN
cblr-2872	89	15	with	with	ADP
cblr-2872	89	16	protections	protection	NOUN
cblr-2872	89	17	tailored	tailor	VERB
cblr-2872	89	18	for	for	ADP
cblr-2872	89	19	different	different	ADJ
cblr-2872	89	20	groups	group	NOUN
cblr-2872	89	21	of	of	ADP
cblr-2872	89	22	participants.9	participants.9	PROPN
cblr-2872	89	23	in	in	ADP
cblr-2872	89	24	summary	summary	NOUN
cblr-2872	89	25	,	,	PUNCT
cblr-2872	89	26	we	we	PRON
cblr-2872	89	27	seek	seek	VERB
cblr-2872	89	28	to	to	PART
cblr-2872	89	29	introduce	introduce	VERB
cblr-2872	89	30	the	the	DET
cblr-2872	89	31	concept	concept	NOUN
cblr-2872	89	32	of	of	ADP
cblr-2872	89	33	regulation	regulation	NOUN
cblr-2872	89	34	through	through	ADP
cblr-2872	89	35	substitution	substitution	NOUN
cblr-2872	89	36	,	,	PUNCT
cblr-2872	89	37	using	use	VERB
cblr-2872	89	38	a	a	DET
cblr-2872	89	39	simple	simple	ADJ
cblr-2872	89	40	economic	economic	ADJ
cblr-2872	89	41	model	model	NOUN
cblr-2872	89	42	to	to	PART
cblr-2872	89	43	explain	explain	VERB
cblr-2872	89	44	the	the	DET
cblr-2872	89	45	recent	recent	ADJ
cblr-2872	89	46	trend	trend	NOUN
cblr-2872	89	47	of	of	ADP
cblr-2872	89	48	futurization	futurization	NOUN
cblr-2872	89	49	with	with	ADP
cblr-2872	89	50	a	a	DET
cblr-2872	89	51	view	view	NOUN
cblr-2872	89	52	to	to	ADP
cblr-2872	89	53	informing	inform	VERB
cblr-2872	89	54	the	the	DET
cblr-2872	89	55	cftc	cftc	NOUN
cblr-2872	89	56	's	's	PART
cblr-2872	89	57	ongoing	ongoing	ADJ
cblr-2872	89	58	rulemaking	rulemaking	NOUN
cblr-2872	89	59	for	for	ADP
cblr-2872	89	60	the	the	DET
cblr-2872	89	61	futures	future	NOUN
cblr-2872	89	62	and	and	CCONJ
cblr-2872	89	63	swap	swap	VERB
cblr-2872	89	64	regulatory	regulatory	ADJ
cblr-2872	89	65	regimes	regime	NOUN
cblr-2872	89	66	.	.	PUNCT
cblr-2872	90	1	other	other	ADJ
cblr-2872	90	2	regulators	regulator	NOUN
cblr-2872	90	3	could	could	AUX
cblr-2872	90	4	also	also	ADV
cblr-2872	90	5	use	use	VERB
cblr-2872	90	6	regulation	regulation	NOUN
cblr-2872	90	7	through	through	ADP
cblr-2872	90	8	substitution	substitution	NOUN
cblr-2872	90	9	in	in	ADP
cblr-2872	90	10	other	other	ADJ
cblr-2872	90	11	contexts	contexts	NOUN
cblr-2872	90	12	.	.	PUNCT
cblr-2872	91	1	in	in	ADP
cblr-2872	91	2	part	part	PROPN
cblr-2872	91	3	ii	ii	PROPN
cblr-2872	91	4	,	,	PUNCT
cblr-2872	91	5	we	we	PRON
cblr-2872	91	6	provide	provide	VERB
cblr-2872	91	7	a	a	DET
cblr-2872	91	8	primer	primer	NOUN
cblr-2872	91	9	on	on	ADP
cblr-2872	91	10	futures	future	NOUN
cblr-2872	91	11	and	and	CCONJ
cblr-2872	91	12	swaps	swap	NOUN
cblr-2872	91	13	and	and	CCONJ
cblr-2872	91	14	their	their	PRON
cblr-2872	91	15	regulatory	regulatory	ADJ
cblr-2872	91	16	history	history	NOUN
cblr-2872	91	17	.	.	PUNCT
cblr-2872	92	1	the	the	DET
cblr-2872	92	2	unique	unique	ADJ
cblr-2872	92	3	relationship	relationship	NOUN
cblr-2872	92	4	between	between	ADP
cblr-2872	92	5	futures	future	NOUN
cblr-2872	92	6	and	and	CCONJ
cblr-2872	92	7	swaps	swap	NOUN
cblr-2872	92	8	,	,	PUNCT
cblr-2872	92	9	both	both	CCONJ
cblr-2872	92	10	economically	economically	ADV
cblr-2872	92	11	and	and	CCONJ
cblr-2872	92	12	from	from	ADP
cblr-2872	92	13	a	a	DET
cblr-2872	92	14	regulatory	regulatory	ADJ
cblr-2872	92	15	standpoint	standpoint	NOUN
cblr-2872	92	16	,	,	PUNCT
cblr-2872	92	17	is	be	AUX
cblr-2872	92	18	essential	essential	ADJ
cblr-2872	92	19	for	for	ADP
cblr-2872	92	20	understanding	understand	VERB
cblr-2872	92	21	the	the	DET
cblr-2872	92	22	dual	dual	ADJ
cblr-2872	92	23	regulatory	regulatory	ADJ
cblr-2872	92	24	structure	structure	NOUN
cblr-2872	92	25	for	for	ADP
cblr-2872	92	26	economically	economically	ADV
cblr-2872	92	27	similar	similar	ADJ
cblr-2872	92	28	(	(	PUNCT
cblr-2872	92	29	and	and	CCONJ
cblr-2872	92	30	indeed	indeed	ADV
cblr-2872	92	31	sometimes	sometimes	ADV
cblr-2872	92	32	identical	identical	ADJ
cblr-2872	92	33	)	)	PUNCT
cblr-2872	92	34	futures	future	NOUN
cblr-2872	92	35	and	and	CCONJ
cblr-2872	92	36	swap	swap	NOUN
cblr-2872	92	37	products	product	NOUN
cblr-2872	92	38	that	that	PRON
cblr-2872	92	39	gives	give	VERB
cblr-2872	92	40	rise	rise	NOUN
cblr-2872	92	41	to	to	ADP
cblr-2872	92	42	the	the	DET
cblr-2872	92	43	opportunity	opportunity	NOUN
cblr-2872	92	44	for	for	ADP
cblr-2872	92	45	futurization	futurization	NOUN
cblr-2872	92	46	.	.	PUNCT
cblr-2872	93	1	we	we	PRON
cblr-2872	93	2	then	then	ADV
cblr-2872	93	3	introduce	introduce	VERB
cblr-2872	93	4	the	the	DET
cblr-2872	93	5	debate	debate	NOUN
cblr-2872	93	6	over	over	ADP
cblr-2872	93	7	futurization	futurization	NOUN
cblr-2872	93	8	that	that	PRON
cblr-2872	93	9	has	have	AUX
cblr-2872	93	10	taken	take	VERB
cblr-2872	93	11	place	place	NOUN
cblr-2872	93	12	over	over	ADP
cblr-2872	93	13	the	the	DET
cblr-2872	93	14	past	past	ADJ
cblr-2872	93	15	several	several	ADJ
cblr-2872	93	16	months	month	NOUN
cblr-2872	93	17	.	.	PUNCT
cblr-2872	94	1	in	in	ADP
cblr-2872	94	2	part	part	NOUN
cblr-2872	94	3	iii	iii	NOUN
cblr-2872	94	4	,	,	PUNCT
cblr-2872	94	5	we	we	PRON
cblr-2872	94	6	introduce	introduce	VERB
cblr-2872	94	7	a	a	DET
cblr-2872	94	8	basic	basic	ADJ
cblr-2872	94	9	economic	economic	ADJ
cblr-2872	94	10	model	model	NOUN
cblr-2872	94	11	of	of	ADP
cblr-2872	94	12	substitution	substitution	NOUN
cblr-2872	94	13	of	of	ADP
cblr-2872	94	14	financial	financial	ADJ
cblr-2872	94	15	instruments	instrument	NOUN
cblr-2872	94	16	.	.	PUNCT
cblr-2872	95	1	10	10	NUM
cblr-2872	95	2	we	we	PRON
cblr-2872	95	3	demonstrate	demonstrate	VERB
cblr-2872	95	4	how	how	SCONJ
cblr-2872	95	5	9	9	NUM
cblr-2872	95	6	such	such	ADJ
cblr-2872	95	7	tailored	tailor	VERB
cblr-2872	95	8	regulation	regulation	NOUN
cblr-2872	95	9	is	be	AUX
cblr-2872	95	10	particularly	particularly	ADV
cblr-2872	95	11	important	important	ADJ
cblr-2872	95	12	given	give	VERB
cblr-2872	95	13	the	the	DET
cblr-2872	95	14	highly	highly	ADV
cblr-2872	95	15	complex	complex	ADJ
cblr-2872	95	16	and	and	CCONJ
cblr-2872	95	17	quickly	quickly	ADV
cblr-2872	95	18	evolving	evolve	VERB
cblr-2872	95	19	nature	nature	NOUN
cblr-2872	95	20	of	of	ADP
cblr-2872	95	21	the	the	DET
cblr-2872	95	22	swap	swap	NOUN
cblr-2872	95	23	markets	market	NOUN
cblr-2872	95	24	.	.	PUNCT
cblr-2872	96	1	as	as	SCONJ
cblr-2872	96	2	roberta	roberta	PROPN
cblr-2872	96	3	romano	romano	PROPN
cblr-2872	96	4	observed	observe	VERB
cblr-2872	96	5	with	with	ADP
cblr-2872	96	6	respect	respect	NOUN
cblr-2872	96	7	to	to	ADP
cblr-2872	96	8	regulation	regulation	NOUN
cblr-2872	96	9	of	of	ADP
cblr-2872	96	10	financial	financial	ADJ
cblr-2872	96	11	markets	market	NOUN
cblr-2872	96	12	more	more	ADV
cblr-2872	96	13	generally	generally	ADV
cblr-2872	96	14	,	,	PUNCT
cblr-2872	96	15	"	"	PUNCT
cblr-2872	96	16	the	the	DET
cblr-2872	96	17	nub	nub	NOUN
cblr-2872	96	18	of	of	ADP
cblr-2872	96	19	the	the	DET
cblr-2872	96	20	regulatory	regulatory	ADJ
cblr-2872	96	21	problem	problem	NOUN
cblr-2872	96	22	derives	derive	VERB
cblr-2872	96	23	from	from	ADP
cblr-2872	96	24	the	the	DET
cblr-2872	96	25	fact	fact	NOUN
cblr-2872	96	26	that	that	SCONJ
cblr-2872	96	27	financial	financial	ADJ
cblr-2872	96	28	firms	firm	NOUN
cblr-2872	96	29	operate	operate	VERB
cblr-2872	96	30	in	in	ADP
cblr-2872	96	31	a	a	DET
cblr-2872	96	32	dynamic	dynamic	ADJ
cblr-2872	96	33	environment	environment	NOUN
cblr-2872	96	34	in	in	ADP
cblr-2872	96	35	which	which	PRON
cblr-2872	96	36	there	there	PRON
cblr-2872	96	37	are	be	VERB
cblr-2872	96	38	many	many	ADJ
cblr-2872	96	39	unknowns	unknown	NOUN
cblr-2872	96	40	and	and	CCONJ
cblr-2872	96	41	unknowables	unknowable	NOUN
cblr-2872	96	42	and	and	CCONJ
cblr-2872	96	43	state	state	NOUN
cblr-2872	96	44	-	-	PUNCT
cblr-2872	96	45	of	of	ADP
cblr-2872	96	46	-	-	PUNCT
cblr-2872	96	47	the	the	DET
cblr-2872	96	48	-	-	PUNCT
cblr-2872	96	49	art	art	NOUN
cblr-2872	96	50	knowledge	knowledge	NOUN
cblr-2872	96	51	quickly	quickly	ADV
cblr-2872	96	52	obsolesces	obsolesce	VERB
cblr-2872	96	53	.	.	PUNCT
cblr-2872	97	1	in	in	ADP
cblr-2872	97	2	such	such	DET
cblr-2872	97	3	a	a	DET
cblr-2872	97	4	context	context	NOUN
cblr-2872	97	5	,	,	PUNCT
cblr-2872	97	6	even	even	ADV
cblr-2872	97	7	the	the	DET
cblr-2872	97	8	most	most	ADV
cblr-2872	97	9	informed	informed	ADJ
cblr-2872	97	10	regulatory	regulatory	ADJ
cblr-2872	97	11	response	response	NOUN
cblr-2872	97	12	-	-	PUNCT
cblr-2872	97	13	which	which	PRON
cblr-2872	97	14	congress	congress	PROPN
cblr-2872	97	15	's	's	PART
cblr-2872	97	16	reaction	reaction	NOUN
cblr-2872	97	17	in	in	ADP
cblr-2872	97	18	the	the	DET
cblr-2872	97	19	recent	recent	ADJ
cblr-2872	97	20	crises	crisis	NOUN
cblr-2872	97	21	was	be	AUX
cblr-2872	97	22	not	not	PART
cblr-2872	97	23	-	-	PUNCT
cblr-2872	97	24	will	will	AUX
cblr-2872	97	25	be	be	AUX
cblr-2872	97	26	prone	prone	ADJ
cblr-2872	97	27	to	to	ADP
cblr-2872	97	28	error	error	NOUN
cblr-2872	97	29	and	and	CCONJ
cblr-2872	97	30	is	be	AUX
cblr-2872	97	31	likely	likely	ADJ
cblr-2872	97	32	to	to	PART
cblr-2872	97	33	produce	produce	VERB
cblr-2872	97	34	backward	backward	ADV
cblr-2872	97	35	-	-	PUNCT
cblr-2872	97	36	looking	look	VERB
cblr-2872	97	37	regulation	regulation	NOUN
cblr-2872	97	38	that	that	PRON
cblr-2872	97	39	takes	take	VERB
cblr-2872	97	40	aim	aim	NOUN
cblr-2872	97	41	at	at	ADP
cblr-2872	97	42	yesterday	yesterday	NOUN
cblr-2872	97	43	's	's	PART
cblr-2872	97	44	perceived	perceive	VERB
cblr-2872	97	45	problem	problem	NOUN
cblr-2872	97	46	,	,	PUNCT
cblr-2872	97	47	rather	rather	ADV
cblr-2872	97	48	than	than	ADP
cblr-2872	97	49	tomorrow	tomorrow	NOUN
cblr-2872	97	50	's	's	PART
cblr-2872	97	51	,	,	PUNCT
cblr-2872	97	52	for	for	SCONJ
cblr-2872	97	53	regulators	regulator	NOUN
cblr-2872	97	54	necessarily	necessarily	ADV
cblr-2872	97	55	operate	operate	VERB
cblr-2872	97	56	under	under	ADP
cblr-2872	97	57	considerable	considerable	ADJ
cblr-2872	97	58	uncertainty	uncertainty	NOUN
cblr-2872	97	59	and	and	CCONJ
cblr-2872	97	60	at	at	ADP
cblr-2872	97	61	a	a	DET
cblr-2872	97	62	lag	lag	NOUN
cblr-2872	97	63	behind	behind	ADP
cblr-2872	97	64	private	private	ADJ
cblr-2872	97	65	actors	actor	NOUN
cblr-2872	97	66	.	.	PUNCT
cblr-2872	97	67	"	"	PUNCT
cblr-2872	98	1	roberta	roberta	PROPN
cblr-2872	98	2	romano	romano	PROPN
cblr-2872	98	3	,	,	PUNCT
cblr-2872	98	4	regulating	regulate	VERB
cblr-2872	98	5	in	in	ADP
cblr-2872	98	6	the	the	DET
cblr-2872	98	7	dark	dark	NOUN
cblr-2872	98	8	,	,	PUNCT
cblr-2872	98	9	in	in	ADP
cblr-2872	98	10	regulatory	regulatory	ADJ
cblr-2872	98	11	breakdown	breakdown	NOUN
cblr-2872	98	12	:	:	PUNCT
cblr-2872	98	13	the	the	DET
cblr-2872	98	14	crisis	crisis	NOUN
cblr-2872	98	15	of	of	ADP
cblr-2872	98	16	confidence	confidence	NOUN
cblr-2872	98	17	in	in	ADP
cblr-2872	98	18	u.s	u.s	PROPN
cblr-2872	98	19	.	.	PROPN
cblr-2872	98	20	regulation	regulation	PROPN
cblr-2872	98	21	86	86	NUM
cblr-2872	98	22	,	,	PUNCT
cblr-2872	98	23	87	87	NUM
cblr-2872	98	24	(	(	PUNCT
cblr-2872	98	25	cary	cary	PROPN
cblr-2872	98	26	coglianese	coglianese	PROPN
cblr-2872	98	27	ed	ed	NOUN
cblr-2872	98	28	.	.	PROPN
cblr-2872	98	29	,	,	PUNCT
cblr-2872	98	30	2012	2012	NUM
cblr-2872	98	31	)	)	PUNCT
cblr-2872	98	32	.	.	PUNCT
cblr-2872	99	1	10	10	NUM
cblr-2872	99	2	in	in	ADP
cblr-2872	99	3	particular	particular	ADJ
cblr-2872	99	4	,	,	PUNCT
cblr-2872	99	5	our	our	PRON
cblr-2872	99	6	model	model	NOUN
cblr-2872	99	7	is	be	AUX
cblr-2872	99	8	one	one	NUM
cblr-2872	99	9	of	of	ADP
cblr-2872	99	10	substitution	substitution	NOUN
cblr-2872	99	11	under	under	ADP
cblr-2872	99	12	unlimited	unlimited	ADJ
cblr-2872	99	13	supply	supply	NOUN
cblr-2872	99	14	.	.	PUNCT
cblr-2872	100	1	such	such	DET
cblr-2872	100	2	a	a	DET
cblr-2872	100	3	model	model	NOUN
cblr-2872	100	4	is	be	AUX
cblr-2872	100	5	appropriate	appropriate	ADJ
cblr-2872	100	6	for	for	ADP
cblr-2872	100	7	financial	financial	ADJ
cblr-2872	100	8	contracts	contract	NOUN
cblr-2872	100	9	,	,	PUNCT
cblr-2872	100	10	like	like	ADP
cblr-2872	100	11	futures	future	NOUN
cblr-2872	100	12	and	and	CCONJ
cblr-2872	100	13	swaps	swap	NOUN
cblr-2872	100	14	,	,	PUNCT
cblr-2872	100	15	that	that	PRON
cblr-2872	100	16	consist	consist	VERB
cblr-2872	100	17	of	of	ADP
cblr-2872	100	18	sets	set	NOUN
cblr-2872	100	19	of	of	ADP
cblr-2872	100	20	obligations	obligation	NOUN
cblr-2872	100	21	created	create	VERB
cblr-2872	100	22	by	by	ADP
cblr-2872	100	23	mutual	mutual	ADJ
cblr-2872	100	24	agreement	agreement	NOUN
cblr-2872	100	25	rather	rather	ADV
cblr-2872	100	26	than	than	ADP
cblr-2872	100	27	scarce	scarce	ADJ
cblr-2872	100	28	goods	good	NOUN
cblr-2872	100	29	with	with	ADP
cblr-2872	100	30	limited	limited	ADJ
cblr-2872	100	31	supply	supply	NOUN
cblr-2872	100	32	(	(	PUNCT
cblr-2872	100	33	in	in	ADP
cblr-2872	100	34	economics	economic	NOUN
cblr-2872	100	35	speak	speak	VERB
cblr-2872	100	36	,	,	PUNCT
cblr-2872	100	37	a	a	DET
cblr-2872	100	38	"	"	PUNCT
cblr-2872	100	39	nonrivalrous	nonrivalrous	ADJ
cblr-2872	100	40	good	good	NOUN
cblr-2872	100	41	"	"	PUNCT
cblr-2872	100	42	)	)	PUNCT
cblr-2872	100	43	.	.	PUNCT
cblr-2872	101	1	the	the	DET
cblr-2872	101	2	ability	ability	NOUN
cblr-2872	101	3	of	of	ADP
cblr-2872	101	4	market	market	NOUN
cblr-2872	101	5	participants	participant	NOUN
cblr-2872	101	6	to	to	PART
cblr-2872	101	7	enter	enter	VERB
cblr-2872	101	8	into	into	ADP
cblr-2872	101	9	futures	future	NOUN
cblr-2872	101	10	and	and	CCONJ
cblr-2872	101	11	swap	swap	NOUN
cblr-2872	101	12	contracts	contract	NOUN
cblr-2872	101	13	is	be	AUX
cblr-2872	101	14	,	,	PUNCT
cblr-2872	101	15	of	of	ADP
cblr-2872	101	16	course	course	NOUN
cblr-2872	101	17	,	,	PUNCT
cblr-2872	101	18	constrained	constrain	VERB
cblr-2872	101	19	by	by	ADP
cblr-2872	101	20	various	various	ADJ
cblr-2872	101	21	factors	factor	NOUN
cblr-2872	101	22	,	,	PUNCT
cblr-2872	101	23	such	such	ADJ
cblr-2872	101	24	as	as	ADP
cblr-2872	101	25	the	the	DET
cblr-2872	101	26	amount	amount	NOUN
cblr-2872	101	27	of	of	ADP
cblr-2872	101	28	capital	capital	NOUN
cblr-2872	101	29	available	available	ADJ
cblr-2872	101	30	to	to	PART
cblr-2872	101	31	collateralize	collateralize	VERB
cblr-2872	101	32	the	the	DET
cblr-2872	101	33	contracts	contract	NOUN
cblr-2872	101	34	,	,	PUNCT
cblr-2872	101	35	credit	credit	NOUN
cblr-2872	101	36	lines	line	NOUN
cblr-2872	101	37	of	of	ADP
cblr-2872	101	38	financial	financial	ADJ
cblr-2872	101	39	institutions	institution	NOUN
cblr-2872	101	40	,	,	PUNCT
cblr-2872	101	41	and	and	CCONJ
cblr-2872	101	42	the	the	DET
cblr-2872	101	43	aggregate	aggregate	ADJ
cblr-2872	101	44	amount	amount	NOUN
cblr-2872	101	45	of	of	ADP
cblr-2872	101	46	risk	risk	NOUN
cblr-2872	101	47	that	that	PRON
cblr-2872	101	48	market	market	NOUN
cblr-2872	101	49	674	674	NUM
cblr-2872	101	50	col	col	PROPN
cblr-2872	101	51	umia	umia	NOUN
cblr-2872	101	52	b	b	PROPN
cblr-2872	101	53	usiness	usiness	PROPN
cblr-2872	101	54	la	la	PROPN
cblr-2872	101	55	w	w	PROPN
cblr-2872	101	56	re	re	PROPN
cblr-2872	101	57	vie	vie	PROPN
cblr-2872	101	58	w	w	PROPN
cblr-2872	102	1	[	[	X
cblr-2872	102	2	vol	vol	NOUN
cblr-2872	102	3	.	.	PUNCT
cblr-2872	102	4	2013	2013	NUM
cblr-2872	102	5	both	both	CCONJ
cblr-2872	102	6	absolute	absolute	ADJ
cblr-2872	102	7	and	and	CCONJ
cblr-2872	102	8	relative	relative	ADJ
cblr-2872	102	9	regulatory	regulatory	ADJ
cblr-2872	102	10	costs	cost	NOUN
cblr-2872	102	11	are	be	AUX
cblr-2872	102	12	captured	capture	VERB
cblr-2872	102	13	by	by	ADP
cblr-2872	102	14	and	and	CCONJ
cblr-2872	102	15	are	be	AUX
cblr-2872	102	16	important	important	ADJ
cblr-2872	102	17	to	to	ADP
cblr-2872	102	18	the	the	DET
cblr-2872	102	19	model	model	NOUN
cblr-2872	102	20	.	.	PUNCT
cblr-2872	103	1	part	part	NOUN
cblr-2872	103	2	iv	iv	NUM
cblr-2872	103	3	applies	apply	VERB
cblr-2872	103	4	this	this	DET
cblr-2872	103	5	model	model	NOUN
cblr-2872	103	6	to	to	ADP
cblr-2872	103	7	futurization	futurization	NOUN
cblr-2872	103	8	and	and	CCONJ
cblr-2872	103	9	describes	describe	VERB
cblr-2872	103	10	the	the	DET
cblr-2872	103	11	ways	way	NOUN
cblr-2872	103	12	in	in	ADP
cblr-2872	103	13	which	which	PRON
cblr-2872	103	14	the	the	DET
cblr-2872	103	15	doddfrank	doddfrank	NOUN
cblr-2872	103	16	act	act	NOUN
cblr-2872	103	17	and	and	CCONJ
cblr-2872	103	18	the	the	DET
cblr-2872	103	19	cftc	cftc	PROPN
cblr-2872	103	20	's	's	PART
cblr-2872	103	21	rules	rule	NOUN
cblr-2872	103	22	are	be	AUX
cblr-2872	103	23	changing	change	VERB
cblr-2872	103	24	both	both	CCONJ
cblr-2872	103	25	the	the	DET
cblr-2872	103	26	absolute	absolute	ADJ
cblr-2872	103	27	cost	cost	NOUN
cblr-2872	103	28	of	of	ADP
cblr-2872	103	29	swap	swap	NOUN
cblr-2872	103	30	transactions	transaction	NOUN
cblr-2872	103	31	and	and	CCONJ
cblr-2872	103	32	,	,	PUNCT
cblr-2872	103	33	importantly	importantly	ADV
cblr-2872	103	34	for	for	ADP
cblr-2872	103	35	the	the	DET
cblr-2872	103	36	futurization	futurization	NOUN
cblr-2872	103	37	debate	debate	NOUN
cblr-2872	103	38	,	,	PUNCT
cblr-2872	103	39	the	the	DET
cblr-2872	103	40	relative	relative	ADJ
cblr-2872	103	41	cost	cost	NOUN
cblr-2872	103	42	of	of	ADP
cblr-2872	103	43	swap	swap	NOUN
cblr-2872	103	44	transactions	transaction	NOUN
cblr-2872	103	45	versus	versus	ADP
cblr-2872	103	46	futures	future	NOUN
cblr-2872	103	47	transactions	transaction	NOUN
cblr-2872	103	48	.	.	PUNCT
cblr-2872	104	1	this	this	DET
cblr-2872	104	2	section	section	NOUN
cblr-2872	104	3	also	also	ADV
cblr-2872	104	4	discusses	discuss	VERB
cblr-2872	104	5	our	our	PRON
cblr-2872	104	6	policy	policy	NOUN
cblr-2872	104	7	recommendation	recommendation	NOUN
cblr-2872	104	8	that	that	SCONJ
cblr-2872	104	9	the	the	DET
cblr-2872	104	10	cftc	cftc	PROPN
cblr-2872	104	11	consider	consider	VERB
cblr-2872	104	12	futurization	futurization	NOUN
cblr-2872	104	13	effects	effect	NOUN
cblr-2872	104	14	when	when	SCONJ
cblr-2872	104	15	conducting	conduct	VERB
cblr-2872	104	16	cost	cost	NOUN
cblr-2872	104	17	-	-	PUNCT
cblr-2872	104	18	benefit	benefit	NOUN
cblr-2872	104	19	analysis	analysis	NOUN
cblr-2872	104	20	.	.	PUNCT
cblr-2872	105	1	in	in	ADP
cblr-2872	105	2	part	part	NOUN
cblr-2872	105	3	v	v	NOUN
cblr-2872	105	4	,	,	PUNCT
cblr-2872	105	5	we	we	PRON
cblr-2872	105	6	use	use	VERB
cblr-2872	105	7	the	the	DET
cblr-2872	105	8	regulation	regulation	NOUN
cblr-2872	105	9	by	by	ADP
cblr-2872	105	10	substitution	substitution	NOUN
cblr-2872	105	11	model	model	NOUN
cblr-2872	105	12	to	to	PART
cblr-2872	105	13	predict	predict	VERB
cblr-2872	105	14	the	the	DET
cblr-2872	105	15	futurization	futurization	NOUN
cblr-2872	105	16	effects	effect	NOUN
cblr-2872	105	17	on	on	ADP
cblr-2872	105	18	three	three	NUM
cblr-2872	105	19	critical	critical	ADJ
cblr-2872	105	20	areas	area	NOUN
cblr-2872	105	21	of	of	ADP
cblr-2872	105	22	dodd	dodd	PROPN
cblr-2872	105	23	-	-	PUNCT
cblr-2872	105	24	frank	frank	PROPN
cblr-2872	105	25	act	act	PROPN
cblr-2872	105	26	swap	swap	NOUN
cblr-2872	105	27	rulemaking	rulemaking	NOUN
cblr-2872	105	28	currently	currently	ADV
cblr-2872	105	29	underwaymargin	underwaymargin	VERB
cblr-2872	105	30	requirements	requirement	NOUN
cblr-2872	105	31	,	,	PUNCT
cblr-2872	105	32	protection	protection	NOUN
cblr-2872	105	33	of	of	ADP
cblr-2872	105	34	customer	customer	NOUN
cblr-2872	105	35	collateral	collateral	NOUN
cblr-2872	105	36	,	,	PUNCT
cblr-2872	105	37	and	and	CCONJ
cblr-2872	105	38	public	public	ADJ
cblr-2872	105	39	dissemination	dissemination	NOUN
cblr-2872	105	40	of	of	ADP
cblr-2872	105	41	swap	swap	NOUN
cblr-2872	105	42	trading	trading	NOUN
cblr-2872	105	43	data	datum	NOUN
cblr-2872	105	44	.	.	PUNCT
cblr-2872	106	1	this	this	DET
cblr-2872	106	2	analysis	analysis	NOUN
cblr-2872	106	3	illuminates	illuminate	VERB
cblr-2872	106	4	how	how	SCONJ
cblr-2872	106	5	futurization	futurization	NOUN
cblr-2872	106	6	should	should	AUX
cblr-2872	106	7	not	not	PART
cblr-2872	106	8	be	be	AUX
cblr-2872	106	9	viewed	view	VERB
cblr-2872	106	10	as	as	ADP
cblr-2872	106	11	a	a	DET
cblr-2872	106	12	single	single	ADJ
cblr-2872	106	13	regulation	regulation	NOUN
cblr-2872	106	14	with	with	ADP
cblr-2872	106	15	a	a	DET
cblr-2872	106	16	single	single	ADJ
cblr-2872	106	17	corresponding	corresponding	ADJ
cblr-2872	106	18	increased	increase	VERB
cblr-2872	106	19	regulatory	regulatory	ADJ
cblr-2872	106	20	cost	cost	NOUN
cblr-2872	106	21	,	,	PUNCT
cblr-2872	106	22	but	but	CCONJ
cblr-2872	106	23	rather	rather	ADV
cblr-2872	106	24	as	as	ADP
cblr-2872	106	25	a	a	DET
cblr-2872	106	26	series	series	NOUN
cblr-2872	106	27	of	of	ADP
cblr-2872	106	28	individual	individual	ADJ
cblr-2872	106	29	regulations	regulation	NOUN
cblr-2872	106	30	,	,	PUNCT
cblr-2872	106	31	each	each	PRON
cblr-2872	106	32	of	of	ADP
cblr-2872	106	33	which	which	PRON
cblr-2872	106	34	imposes	impose	VERB
cblr-2872	106	35	differential	differential	NOUN
cblr-2872	106	36	(	(	PUNCT
cblr-2872	106	37	and	and	CCONJ
cblr-2872	106	38	sometimes	sometimes	ADV
cblr-2872	106	39	conflicting	conflict	VERB
cblr-2872	106	40	)	)	PUNCT
cblr-2872	106	41	cost	cost	NOUN
cblr-2872	106	42	effects	effect	NOUN
cblr-2872	106	43	on	on	ADP
cblr-2872	106	44	various	various	ADJ
cblr-2872	106	45	market	market	NOUN
cblr-2872	106	46	segments	segment	NOUN
cblr-2872	106	47	.	.	PUNCT
cblr-2872	107	1	thus	thus	ADV
cblr-2872	107	2	,	,	PUNCT
cblr-2872	107	3	regulation	regulation	NOUN
cblr-2872	107	4	through	through	ADP
cblr-2872	107	5	substitution	substitution	NOUN
cblr-2872	107	6	in	in	ADP
cblr-2872	107	7	the	the	DET
cblr-2872	107	8	futurization	futurization	NOUN
cblr-2872	107	9	context	context	NOUN
cblr-2872	107	10	can	can	AUX
cblr-2872	107	11	be	be	AUX
cblr-2872	107	12	a	a	DET
cblr-2872	107	13	quite	quite	ADV
cblr-2872	107	14	targeted	target	VERB
cblr-2872	107	15	regulatory	regulatory	ADJ
cblr-2872	107	16	tool	tool	NOUN
cblr-2872	107	17	to	to	PART
cblr-2872	107	18	achieve	achieve	VERB
cblr-2872	107	19	desired	desire	VERB
cblr-2872	107	20	outcomes	outcome	NOUN
cblr-2872	107	21	,	,	PUNCT
cblr-2872	107	22	rather	rather	ADV
cblr-2872	107	23	than	than	ADP
cblr-2872	107	24	a	a	DET
cblr-2872	107	25	blunt	blunt	ADJ
cblr-2872	107	26	instrument	instrument	NOUN
cblr-2872	107	27	that	that	PRON
cblr-2872	107	28	affects	affect	VERB
cblr-2872	107	29	all	all	DET
cblr-2872	107	30	market	market	NOUN
cblr-2872	107	31	participants	participant	NOUN
cblr-2872	107	32	equally	equally	ADV
cblr-2872	107	33	.	.	PUNCT
cblr-2872	108	1	part	part	NOUN
cblr-2872	108	2	vi	vi	PROPN
cblr-2872	108	3	concludes	conclude	VERB
cblr-2872	108	4	.	.	PUNCT
cblr-2872	109	1	ii	ii	X
cblr-2872	109	2	.	.	PUNCT
cblr-2872	110	1	futures	future	NOUN
cblr-2872	110	2	,	,	PUNCT
cblr-2872	110	3	swaps	swap	NOUN
cblr-2872	110	4	,	,	PUNCT
cblr-2872	110	5	and	and	CCONJ
cblr-2872	110	6	"	"	PUNCT
cblr-2872	110	7	futurization	futurization	NOUN
cblr-2872	110	8	"	"	PUNCT
cblr-2872	110	9	a.	a.	NOUN
cblr-2872	110	10	a	a	DET
cblr-2872	110	11	primer	primer	NOUN
cblr-2872	110	12	on	on	ADP
cblr-2872	110	13	futures	future	NOUN
cblr-2872	110	14	and	and	CCONJ
cblr-2872	110	15	swaps	swap	NOUN
cblr-2872	110	16	before	before	ADP
cblr-2872	110	17	introducing	introduce	VERB
cblr-2872	110	18	the	the	DET
cblr-2872	110	19	futurization	futurization	NOUN
cblr-2872	110	20	debate	debate	NOUN
cblr-2872	110	21	,	,	PUNCT
cblr-2872	110	22	we	we	PRON
cblr-2872	110	23	begin	begin	VERB
cblr-2872	110	24	with	with	ADP
cblr-2872	110	25	a	a	DET
cblr-2872	110	26	brief	brief	ADJ
cblr-2872	110	27	primer	primer	NOUN
cblr-2872	110	28	on	on	ADP
cblr-2872	110	29	the	the	DET
cblr-2872	110	30	economics	economic	NOUN
cblr-2872	110	31	of	of	ADP
cblr-2872	110	32	futures	future	NOUN
cblr-2872	110	33	and	and	CCONJ
cblr-2872	110	34	swaps	swap	NOUN
cblr-2872	110	35	.	.	PUNCT
cblr-2872	110	36	"	"	PUNCT
cblr-2872	111	1	we	we	PRON
cblr-2872	111	2	participants	participant	NOUN
cblr-2872	111	3	are	be	AUX
cblr-2872	111	4	willing	willing	ADJ
cblr-2872	111	5	to	to	PART
cblr-2872	111	6	bear	bear	VERB
cblr-2872	111	7	.	.	PUNCT
cblr-2872	112	1	for	for	ADP
cblr-2872	112	2	our	our	PRON
cblr-2872	112	3	purposes	purpose	NOUN
cblr-2872	112	4	,	,	PUNCT
cblr-2872	112	5	however	however	ADV
cblr-2872	112	6	,	,	PUNCT
cblr-2872	112	7	the	the	DET
cblr-2872	112	8	effects	effect	NOUN
cblr-2872	112	9	of	of	ADP
cblr-2872	112	10	these	these	DET
cblr-2872	112	11	supply	supply	NOUN
cblr-2872	112	12	constraints	constraint	NOUN
cblr-2872	112	13	in	in	ADP
cblr-2872	112	14	the	the	DET
cblr-2872	112	15	current	current	ADJ
cblr-2872	112	16	swap	swap	NOUN
cblr-2872	112	17	and	and	CCONJ
cblr-2872	112	18	futures	future	NOUN
cblr-2872	112	19	markets	market	NOUN
cblr-2872	112	20	are	be	AUX
cblr-2872	112	21	negligible	negligible	ADJ
cblr-2872	112	22	.	.	PUNCT
cblr-2872	113	1	11	11	NUM
cblr-2872	113	2	even	even	ADV
cblr-2872	113	3	more	more	ADV
cblr-2872	113	4	generally	generally	ADV
cblr-2872	113	5	,	,	PUNCT
cblr-2872	113	6	futures	future	NOUN
cblr-2872	113	7	and	and	CCONJ
cblr-2872	113	8	swaps	swap	NOUN
cblr-2872	113	9	are	be	AUX
cblr-2872	113	10	both	both	DET
cblr-2872	113	11	types	type	NOUN
cblr-2872	113	12	of	of	ADP
cblr-2872	113	13	derivatives	derivative	NOUN
cblr-2872	113	14	.	.	PUNCT
cblr-2872	114	1	derivatives	derivative	NOUN
cblr-2872	114	2	are	be	AUX
cblr-2872	114	3	financial	financial	ADJ
cblr-2872	114	4	contracts	contract	NOUN
cblr-2872	114	5	that	that	SCONJ
cblr-2872	114	6	"	"	PUNCT
cblr-2872	114	7	derive	derive	VERB
cblr-2872	114	8	"	"	PUNCT
cblr-2872	114	9	their	their	PRON
cblr-2872	114	10	value	value	NOUN
cblr-2872	114	11	from	from	ADP
cblr-2872	114	12	the	the	DET
cblr-2872	114	13	value	value	NOUN
cblr-2872	114	14	of	of	ADP
cblr-2872	114	15	another	another	DET
cblr-2872	114	16	asset	asset	NOUN
cblr-2872	114	17	,	,	PUNCT
cblr-2872	114	18	such	such	ADJ
cblr-2872	114	19	as	as	ADP
cblr-2872	114	20	a	a	DET
cblr-2872	114	21	stock	stock	NOUN
cblr-2872	114	22	option	option	NOUN
cblr-2872	114	23	whose	whose	DET
cblr-2872	114	24	value	value	NOUN
cblr-2872	114	25	is	be	AUX
cblr-2872	114	26	related	relate	VERB
cblr-2872	114	27	to	to	ADP
cblr-2872	114	28	the	the	DET
cblr-2872	114	29	price	price	NOUN
cblr-2872	114	30	of	of	ADP
cblr-2872	114	31	the	the	DET
cblr-2872	114	32	underlying	underlie	VERB
cblr-2872	114	33	stock	stock	NOUN
cblr-2872	114	34	.	.	PUNCT
cblr-2872	115	1	see	see	VERB
cblr-2872	115	2	hu	hu	PROPN
cblr-2872	115	3	,	,	PUNCT
cblr-2872	115	4	supra	supra	PROPN
cblr-2872	115	5	note	note	PROPN
cblr-2872	115	6	1	1	NUM
cblr-2872	115	7	,	,	PUNCT
cblr-2872	115	8	at	at	ADP
cblr-2872	115	9	146465	146465	NUM
cblr-2872	115	10	.	.	PUNCT
cblr-2872	116	1	the	the	DET
cblr-2872	116	2	uses	use	NOUN
cblr-2872	116	3	of	of	ADP
cblr-2872	116	4	derivatives	derivative	NOUN
cblr-2872	116	5	are	be	AUX
cblr-2872	116	6	varied	varied	ADJ
cblr-2872	116	7	,	,	PUNCT
cblr-2872	116	8	but	but	CCONJ
cblr-2872	116	9	,	,	PUNCT
cblr-2872	116	10	in	in	ADP
cblr-2872	116	11	general	general	ADJ
cblr-2872	116	12	,	,	PUNCT
cblr-2872	116	13	because	because	SCONJ
cblr-2872	116	14	they	they	PRON
cblr-2872	116	15	derive	derive	VERB
cblr-2872	116	16	their	their	PRON
cblr-2872	116	17	value	value	NOUN
cblr-2872	116	18	from	from	ADP
cblr-2872	116	19	another	another	DET
cblr-2872	116	20	asset	asset	NOUN
cblr-2872	116	21	that	that	PRON
cblr-2872	116	22	does	do	AUX
cblr-2872	116	23	not	not	PART
cblr-2872	116	24	need	need	VERB
cblr-2872	116	25	to	to	PART
cblr-2872	116	26	be	be	AUX
cblr-2872	116	27	purchased	purchase	VERB
cblr-2872	116	28	,	,	PUNCT
cblr-2872	116	29	regula	regula	NOUN
cblr-2872	116	30	tion	tion	NOUN
cblr-2872	116	31	through	through	ADP
cblr-2872	116	32	substitutionno	substitutionno	NOUN
cblr-2872	116	33	.	.	PUNCT
cblr-2872	117	1	3:667	3:667	NUM
cblr-2872	117	2	]	]	PUNCT
cblr-2872	117	3	675	675	NUM
cblr-2872	117	4	first	first	ADV
cblr-2872	117	5	provide	provide	VERB
cblr-2872	117	6	descriptions	description	NOUN
cblr-2872	117	7	,	,	PUNCT
cblr-2872	117	8	with	with	ADP
cblr-2872	117	9	examples	example	NOUN
cblr-2872	117	10	,	,	PUNCT
cblr-2872	117	11	of	of	ADP
cblr-2872	117	12	the	the	DET
cblr-2872	117	13	mechanics	mechanic	NOUN
cblr-2872	117	14	of	of	ADP
cblr-2872	117	15	futures	future	NOUN
cblr-2872	117	16	and	and	CCONJ
cblr-2872	117	17	swap	swap	NOUN
cblr-2872	117	18	contracts	contract	NOUN
cblr-2872	117	19	.	.	PUNCT
cblr-2872	118	1	we	we	PRON
cblr-2872	118	2	then	then	ADV
cblr-2872	118	3	observe	observe	VERB
cblr-2872	118	4	that	that	SCONJ
cblr-2872	118	5	futures	future	NOUN
cblr-2872	118	6	and	and	CCONJ
cblr-2872	118	7	swaps	swap	NOUN
cblr-2872	118	8	are	be	AUX
cblr-2872	118	9	economically	economically	ADV
cblr-2872	118	10	equivalent	equivalent	ADJ
cblr-2872	118	11	contracts	contract	NOUN
cblr-2872	118	12	-	-	PUNCT
cblr-2872	118	13	swaps	swap	NOUN
cblr-2872	118	14	can	can	AUX
cblr-2872	118	15	be	be	AUX
cblr-2872	118	16	thought	think	VERB
cblr-2872	118	17	of	of	ADP
cblr-2872	118	18	as	as	ADP
cblr-2872	118	19	a	a	DET
cblr-2872	118	20	series	series	NOUN
cblr-2872	118	21	of	of	ADP
cblr-2872	118	22	futures	future	NOUN
cblr-2872	118	23	contracts	contract	NOUN
cblr-2872	118	24	-	-	PUNCT
cblr-2872	118	25	and	and	CCONJ
cblr-2872	118	26	,	,	PUNCT
cblr-2872	118	27	thus	thus	ADV
cblr-2872	118	28	,	,	PUNCT
cblr-2872	118	29	cost	cost	VERB
cblr-2872	118	30	differences	difference	NOUN
cblr-2872	118	31	between	between	ADP
cblr-2872	118	32	the	the	DET
cblr-2872	118	33	two	two	NUM
cblr-2872	118	34	arise	arise	NOUN
cblr-2872	118	35	from	from	ADP
cblr-2872	118	36	regulation	regulation	NOUN
cblr-2872	118	37	rather	rather	ADV
cblr-2872	118	38	than	than	ADP
cblr-2872	118	39	the	the	DET
cblr-2872	118	40	underlying	underlie	VERB
cblr-2872	118	41	economic	economic	ADJ
cblr-2872	118	42	reality	reality	NOUN
cblr-2872	118	43	.	.	PUNCT
cblr-2872	119	1	1	1	X
cblr-2872	119	2	.	.	X
cblr-2872	119	3	futures	future	NOUN
cblr-2872	119	4	producers	producer	NOUN
cblr-2872	119	5	and	and	CCONJ
cblr-2872	119	6	consumers	consumer	NOUN
cblr-2872	119	7	of	of	ADP
cblr-2872	119	8	agricultural	agricultural	ADJ
cblr-2872	119	9	commodities	commodity	NOUN
cblr-2872	119	10	have	have	AUX
cblr-2872	119	11	traditionally	traditionally	ADV
cblr-2872	119	12	faced	face	VERB
cblr-2872	119	13	uncertainty	uncertainty	NOUN
cblr-2872	119	14	as	as	ADP
cblr-2872	119	15	to	to	ADP
cblr-2872	119	16	potential	potential	ADJ
cblr-2872	119	17	changes	change	NOUN
cblr-2872	119	18	in	in	ADP
cblr-2872	119	19	the	the	DET
cblr-2872	119	20	prices	price	NOUN
cblr-2872	119	21	of	of	ADP
cblr-2872	119	22	these	these	DET
cblr-2872	119	23	commodities	commodity	NOUN
cblr-2872	119	24	resulting	result	VERB
cblr-2872	119	25	from	from	ADP
cblr-2872	119	26	the	the	DET
cblr-2872	119	27	influence	influence	NOUN
cblr-2872	119	28	of	of	ADP
cblr-2872	119	29	weather	weather	NOUN
cblr-2872	119	30	,	,	PUNCT
cblr-2872	119	31	soil	soil	NOUN
cblr-2872	119	32	conditions	condition	NOUN
cblr-2872	119	33	,	,	PUNCT
cblr-2872	119	34	or	or	CCONJ
cblr-2872	119	35	other	other	ADJ
cblr-2872	119	36	uncontrollable	uncontrollable	ADJ
cblr-2872	119	37	events	event	NOUN
cblr-2872	119	38	affecting	affect	VERB
cblr-2872	119	39	supply	supply	NOUN
cblr-2872	119	40	-	-	PUNCT
cblr-2872	119	41	and	and	CCONJ
cblr-2872	119	42	-	-	PUNCT
cblr-2872	119	43	demand	demand	NOUN
cblr-2872	119	44	dynamics	dynamic	NOUN
cblr-2872	119	45	.	.	PUNCT
cblr-2872	120	1	the	the	DET
cblr-2872	120	2	futures	future	NOUN
cblr-2872	120	3	markets	market	NOUN
cblr-2872	120	4	developed	develop	VERB
cblr-2872	120	5	as	as	ADP
cblr-2872	120	6	a	a	DET
cblr-2872	120	7	mechanism	mechanism	NOUN
cblr-2872	120	8	for	for	ADP
cblr-2872	120	9	farmers	farmer	NOUN
cblr-2872	120	10	,	,	PUNCT
cblr-2872	120	11	ranchers	rancher	NOUN
cblr-2872	120	12	,	,	PUNCT
cblr-2872	120	13	millers	miller	NOUN
cblr-2872	120	14	,	,	PUNCT
cblr-2872	120	15	and	and	CCONJ
cblr-2872	120	16	others	other	NOUN
cblr-2872	120	17	who	who	PRON
cblr-2872	120	18	produced	produce	VERB
cblr-2872	120	19	agricultural	agricultural	ADJ
cblr-2872	120	20	products	product	NOUN
cblr-2872	120	21	,	,	PUNCT
cblr-2872	120	22	or	or	CCONJ
cblr-2872	120	23	used	use	VERB
cblr-2872	120	24	them	they	PRON
cblr-2872	120	25	as	as	ADP
cblr-2872	120	26	inputs	input	NOUN
cblr-2872	120	27	,	,	PUNCT
cblr-2872	120	28	to	to	PART
cblr-2872	120	29	hedge	hedge	VERB
cblr-2872	120	30	the	the	DET
cblr-2872	120	31	price	price	NOUN
cblr-2872	120	32	of	of	ADP
cblr-2872	120	33	these	these	DET
cblr-2872	120	34	commodities.12	commodities.12	NOUN
cblr-2872	120	35	rather	rather	ADV
cblr-2872	120	36	than	than	ADP
cblr-2872	120	37	a	a	DET
cblr-2872	120	38	wheat	wheat	NOUN
cblr-2872	120	39	farmer	farmer	NOUN
cblr-2872	120	40	(	(	PUNCT
cblr-2872	120	41	mr	mr	PROPN
cblr-2872	120	42	.	.	PROPN
cblr-2872	120	43	filburn	filburn	PROPN
cblr-2872	120	44	)	)	PUNCT
cblr-2872	120	45	worrying	worry	VERB
cblr-2872	120	46	in	in	ADP
cblr-2872	120	47	advance	advance	NOUN
cblr-2872	120	48	about	about	ADP
cblr-2872	120	49	how	how	SCONJ
cblr-2872	120	50	a	a	DET
cblr-2872	120	51	bountiful	bountiful	ADJ
cblr-2872	120	52	harvest	harvest	NOUN
cblr-2872	120	53	could	could	AUX
cblr-2872	120	54	increase	increase	VERB
cblr-2872	120	55	the	the	DET
cblr-2872	120	56	wheat	wheat	NOUN
cblr-2872	120	57	supply	supply	NOUN
cblr-2872	120	58	and	and	CCONJ
cblr-2872	120	59	thereby	thereby	ADV
cblr-2872	120	60	decrease	decrease	VERB
cblr-2872	120	61	the	the	DET
cblr-2872	120	62	price	price	NOUN
cblr-2872	120	63	of	of	ADP
cblr-2872	120	64	his	his	PRON
cblr-2872	120	65	product	product	NOUN
cblr-2872	120	66	,	,	PUNCT
cblr-2872	120	67	or	or	CCONJ
cblr-2872	120	68	a	a	DET
cblr-2872	120	69	miller	miller	NOUN
cblr-2872	120	70	(	(	PUNCT
cblr-2872	120	71	mr	mr	PROPN
cblr-2872	120	72	.	.	PROPN
cblr-2872	120	73	wickard	wickard	PROPN
cblr-2872	120	74	)	)	PUNCT
cblr-2872	120	75	worrying	worry	VERB
cblr-2872	120	76	in	in	ADP
cblr-2872	120	77	advance	advance	NOUN
cblr-2872	120	78	about	about	ADP
cblr-2872	120	79	how	how	SCONJ
cblr-2872	120	80	a	a	DET
cblr-2872	120	81	drought	drought	NOUN
cblr-2872	120	82	could	could	AUX
cblr-2872	120	83	decrease	decrease	VERB
cblr-2872	120	84	the	the	DET
cblr-2872	120	85	supply	supply	NOUN
cblr-2872	120	86	of	of	ADP
cblr-2872	120	87	wheat	wheat	NOUN
cblr-2872	120	88	and	and	CCONJ
cblr-2872	120	89	increase	increase	VERB
cblr-2872	120	90	the	the	DET
cblr-2872	120	91	cost	cost	NOUN
cblr-2872	120	92	of	of	ADP
cblr-2872	120	93	his	his	PRON
cblr-2872	120	94	inputs	input	NOUN
cblr-2872	120	95	for	for	ADP
cblr-2872	120	96	flour	flour	NOUN
cblr-2872	120	97	,	,	PUNCT
cblr-2872	120	98	mr	mr	PROPN
cblr-2872	120	99	.	.	PROPN
cblr-2872	120	100	filburn	filburn	PROPN
cblr-2872	120	101	and	and	CCONJ
cblr-2872	120	102	mr	mr	PROPN
cblr-2872	120	103	.	.	PROPN
cblr-2872	120	104	wickard	wickard	PROPN
cblr-2872	120	105	could	could	AUX
cblr-2872	120	106	agree	agree	VERB
cblr-2872	120	107	in	in	ADP
cblr-2872	120	108	advance	advance	NOUN
cblr-2872	120	109	that	that	SCONJ
cblr-2872	120	110	mr	mr	PROPN
cblr-2872	120	111	.	.	PROPN
cblr-2872	120	112	filburn	filburn	PROPN
cblr-2872	120	113	would	would	AUX
cblr-2872	120	114	sell	sell	VERB
cblr-2872	120	115	mr	mr	PROPN
cblr-2872	120	116	.	.	PROPN
cblr-2872	120	117	wickard	wickard	PROPN
cblr-2872	120	118	100	100	NUM
cblr-2872	120	119	bushels	bushel	NOUN
cblr-2872	120	120	of	of	ADP
cblr-2872	120	121	wheat	wheat	NOUN
cblr-2872	120	122	for	for	ADP
cblr-2872	120	123	$	$	SYM
cblr-2872	120	124	1	1	NUM
cblr-2872	120	125	per	per	ADP
cblr-2872	120	126	bushel	bushel	NOUN
cblr-2872	120	127	at	at	ADP
cblr-2872	120	128	harvest	harvest	NOUN
cblr-2872	120	129	time	time	NOUN
cblr-2872	120	130	.	.	PUNCT
cblr-2872	121	1	each	each	DET
cblr-2872	121	2	year	year	NOUN
cblr-2872	121	3	,	,	PUNCT
cblr-2872	121	4	mr	mr	PROPN
cblr-2872	121	5	.	.	PROPN
cblr-2872	121	6	filburn	filburn	PROPN
cblr-2872	121	7	benefits	benefit	NOUN
cblr-2872	121	8	if	if	SCONJ
cblr-2872	121	9	the	the	DET
cblr-2872	121	10	spot	spot	NOUN
cblr-2872	121	11	price	price	NOUN
cblr-2872	121	12	of	of	ADP
cblr-2872	121	13	wheat	wheat	NOUN
cblr-2872	121	14	at	at	ADP
cblr-2872	121	15	harvest	harvest	NOUN
cblr-2872	121	16	time	time	NOUN
cblr-2872	121	17	-	-	PUNCT
cblr-2872	121	18	the	the	DET
cblr-2872	121	19	price	price	NOUN
cblr-2872	121	20	he	he	PRON
cblr-2872	121	21	could	could	AUX
cblr-2872	121	22	receive	receive	VERB
cblr-2872	121	23	in	in	ADP
cblr-2872	121	24	the	the	DET
cblr-2872	121	25	open	open	ADJ
cblr-2872	121	26	market	market	NOUN
cblr-2872	121	27	-	-	PUNCT
cblr-2872	121	28	is	be	AUX
cblr-2872	121	29	below	below	ADP
cblr-2872	121	30	$	$	SYM
cblr-2872	121	31	1	1	NUM
cblr-2872	121	32	.	.	PUNCT
cblr-2872	122	1	for	for	ADP
cblr-2872	122	2	example	example	NOUN
cblr-2872	122	3	,	,	PUNCT
cblr-2872	122	4	if	if	SCONJ
cblr-2872	122	5	the	the	DET
cblr-2872	122	6	spot	spot	NOUN
cblr-2872	122	7	price	price	NOUN
cblr-2872	122	8	of	of	ADP
cblr-2872	122	9	wheat	wheat	NOUN
cblr-2872	122	10	at	at	ADP
cblr-2872	122	11	harvest	harvest	NOUN
cblr-2872	122	12	time	time	NOUN
cblr-2872	122	13	is	be	AUX
cblr-2872	122	14	$	$	SYM
cblr-2872	122	15	0.98	0.98	NUM
cblr-2872	122	16	,	,	PUNCT
cblr-2872	122	17	mr	mr	PROPN
cblr-2872	122	18	.	.	PROPN
cblr-2872	122	19	filburn	filburn	PROPN
cblr-2872	122	20	would	would	AUX
cblr-2872	122	21	sell	sell	VERB
cblr-2872	122	22	the	the	DET
cblr-2872	122	23	wheat	wheat	NOUN
cblr-2872	122	24	for	for	ADP
cblr-2872	122	25	$	$	SYM
cblr-2872	122	26	0.02	0.02	NUM
cblr-2872	122	27	more	more	ADJ
cblr-2872	122	28	per	per	ADP
cblr-2872	122	29	bushel	bushel	NOUN
cblr-2872	122	30	than	than	SCONJ
cblr-2872	122	31	he	he	PRON
cblr-2872	122	32	could	could	AUX
cblr-2872	122	33	have	have	VERB
cblr-2872	122	34	on	on	ADP
cblr-2872	122	35	the	the	DET
cblr-2872	122	36	open	open	ADJ
cblr-2872	122	37	derivatives	derivative	NOUN
cblr-2872	122	38	allow	allow	VERB
cblr-2872	122	39	market	market	NOUN
cblr-2872	122	40	participants	participant	NOUN
cblr-2872	122	41	to	to	PART
cblr-2872	122	42	hedge	hedge	VERB
cblr-2872	122	43	their	their	PRON
cblr-2872	122	44	risk	risk	NOUN
cblr-2872	122	45	or	or	CCONJ
cblr-2872	122	46	take	take	VERB
cblr-2872	122	47	leveraged	leveraged	ADJ
cblr-2872	122	48	bets	bet	NOUN
cblr-2872	122	49	.	.	PUNCT
cblr-2872	123	1	hu	hu	PROPN
cblr-2872	123	2	,	,	PUNCT
cblr-2872	123	3	supra	supra	PROPN
cblr-2872	123	4	note	note	PROPN
cblr-2872	123	5	1	1	NUM
cblr-2872	123	6	,	,	PUNCT
cblr-2872	123	7	at	at	ADP
cblr-2872	123	8	1464	1464	NUM
cblr-2872	123	9	-	-	SYM
cblr-2872	123	10	67	67	NUM
cblr-2872	123	11	;	;	PUNCT
cblr-2872	123	12	yadav	yadav	PROPN
cblr-2872	123	13	,	,	PUNCT
cblr-2872	123	14	supra	supra	PROPN
cblr-2872	123	15	note	note	PROPN
cblr-2872	123	16	1	1	NUM
cblr-2872	123	17	,	,	PUNCT
cblr-2872	123	18	at	at	ADP
cblr-2872	123	19	401	401	NUM
cblr-2872	123	20	.	.	PUNCT
cblr-2872	124	1	for	for	ADP
cblr-2872	124	2	a	a	DET
cblr-2872	124	3	detailed	detailed	ADJ
cblr-2872	124	4	description	description	NOUN
cblr-2872	124	5	of	of	ADP
cblr-2872	124	6	different	different	ADJ
cblr-2872	124	7	types	type	NOUN
cblr-2872	124	8	of	of	ADP
cblr-2872	124	9	derivatives	derivative	NOUN
cblr-2872	124	10	contracts	contract	NOUN
cblr-2872	124	11	and	and	CCONJ
cblr-2872	124	12	their	their	PRON
cblr-2872	124	13	uses	use	NOUN
cblr-2872	124	14	,	,	PUNCT
cblr-2872	124	15	see	see	VERB
cblr-2872	124	16	generally	generally	ADV
cblr-2872	124	17	romano	romano	ADJ
cblr-2872	124	18	,	,	PUNCT
cblr-2872	124	19	supra	supra	ADJ
cblr-2872	124	20	note	note	NOUN
cblr-2872	124	21	1	1	NUM
cblr-2872	124	22	.	.	PUNCT
cblr-2872	124	23	.	.	PUNCT
cblr-2872	125	1	12	12	NUM
cblr-2872	125	2	see	see	VERB
cblr-2872	125	3	randall	randall	PROPN
cblr-2872	125	4	s.	s.	PROPN
cblr-2872	125	5	kroszner	kroszner	PROPN
cblr-2872	125	6	,	,	PUNCT
cblr-2872	125	7	can	can	AUX
cblr-2872	125	8	the	the	DET
cblr-2872	125	9	financial	financial	ADJ
cblr-2872	125	10	markets	market	NOUN
cblr-2872	125	11	privately	privately	ADV
cblr-2872	125	12	regulate	regulate	VERB
cblr-2872	125	13	risk	risk	NOUN
cblr-2872	125	14	?	?	PUNCT
cblr-2872	125	15	:	:	PUNCT
cblr-2872	126	1	the	the	DET
cblr-2872	126	2	development	development	NOUN
cblr-2872	126	3	of	of	ADP
cblr-2872	126	4	derivatives	derivative	NOUN
cblr-2872	126	5	clearinghouses	clearinghouse	NOUN
cblr-2872	126	6	and	and	CCONJ
cblr-2872	126	7	recent	recent	ADJ
cblr-2872	126	8	over	over	ADP
cblr-2872	126	9	-	-	PUNCT
cblr-2872	126	10	the	the	DET
cblr-2872	126	11	-	-	PUNCT
cblr-2872	126	12	counter	counter	NOUN
cblr-2872	126	13	innovations	innovation	NOUN
cblr-2872	126	14	,	,	PUNCT
cblr-2872	126	15	31	31	NUM
cblr-2872	126	16	j.	j.	PROPN
cblr-2872	126	17	money	money	PROPN
cblr-2872	126	18	,	,	PUNCT
cblr-2872	126	19	credit	credit	NOUN
cblr-2872	126	20	&	&	CCONJ
cblr-2872	126	21	banking	banking	NOUN
cblr-2872	126	22	596	596	NUM
cblr-2872	126	23	,	,	PUNCT
cblr-2872	126	24	598604	598604	NUM
cblr-2872	126	25	(	(	PUNCT
cblr-2872	126	26	1999	1999	NUM
cblr-2872	126	27	)	)	PUNCT
cblr-2872	126	28	(	(	PUNCT
cblr-2872	126	29	providing	provide	VERB
cblr-2872	126	30	a	a	DET
cblr-2872	126	31	history	history	NOUN
cblr-2872	126	32	of	of	ADP
cblr-2872	126	33	futures	future	NOUN
cblr-2872	126	34	and	and	CCONJ
cblr-2872	126	35	related	relate	VERB
cblr-2872	126	36	organizational	organizational	ADJ
cblr-2872	126	37	structure	structure	NOUN
cblr-2872	126	38	)	)	PUNCT
cblr-2872	126	39	.	.	PUNCT
cblr-2872	127	1	676	676	NUM
cblr-2872	127	2	col	col	PROPN
cblr-2872	127	3	umbia	umbia	PROPN
cblr-2872	127	4	b	b	PROPN
cblr-2872	127	5	usiness	usiness	PROPN
cblr-2872	127	6	la	la	PROPN
cblr-2872	127	7	wre	wre	PROPN
cblr-2872	127	8	vie	vie	PROPN
cblr-2872	127	9	w	w	PROPN
cblr-2872	128	1	[	[	X
cblr-2872	128	2	vol	vol	NOUN
cblr-2872	128	3	.	.	PUNCT
cblr-2872	128	4	2013	2013	NUM
cblr-2872	128	5	market	market	NOUN
cblr-2872	128	6	,	,	PUNCT
cblr-2872	128	7	and	and	CCONJ
cblr-2872	128	8	mr	mr	PROPN
cblr-2872	128	9	.	.	PROPN
cblr-2872	128	10	wickard	wickard	PROPN
cblr-2872	128	11	would	would	AUX
cblr-2872	128	12	buy	buy	VERB
cblr-2872	128	13	the	the	DET
cblr-2872	128	14	wheat	wheat	NOUN
cblr-2872	128	15	for	for	ADP
cblr-2872	128	16	$	$	SYM
cblr-2872	128	17	0.02	0.02	NUM
cblr-2872	128	18	more	more	ADJ
cblr-2872	128	19	per	per	ADP
cblr-2872	128	20	bushel	bushel	NOUN
cblr-2872	128	21	than	than	SCONJ
cblr-2872	128	22	he	he	PRON
cblr-2872	128	23	could	could	AUX
cblr-2872	128	24	have	have	VERB
cblr-2872	128	25	on	on	ADP
cblr-2872	128	26	the	the	DET
cblr-2872	128	27	open	open	ADJ
cblr-2872	128	28	market	market	NOUN
cblr-2872	128	29	.	.	PUNCT
cblr-2872	129	1	alternatively	alternatively	ADV
cblr-2872	129	2	,	,	PUNCT
cblr-2872	129	3	mr	mr	PROPN
cblr-2872	129	4	.	.	PROPN
cblr-2872	129	5	wickard	wickard	PROPN
cblr-2872	129	6	would	would	AUX
cblr-2872	129	7	benefit	benefit	VERB
cblr-2872	129	8	if	if	SCONJ
cblr-2872	129	9	the	the	DET
cblr-2872	129	10	spot	spot	NOUN
cblr-2872	129	11	price	price	NOUN
cblr-2872	129	12	of	of	ADP
cblr-2872	129	13	wheat	wheat	NOUN
cblr-2872	129	14	at	at	ADP
cblr-2872	129	15	harvest	harvest	NOUN
cblr-2872	129	16	time	time	NOUN
cblr-2872	129	17	is	be	AUX
cblr-2872	129	18	above	above	ADP
cblr-2872	129	19	$	$	SYM
cblr-2872	129	20	1	1	NUM
cblr-2872	129	21	.	.	PUNCT
cblr-2872	130	1	for	for	ADP
cblr-2872	130	2	example	example	NOUN
cblr-2872	130	3	,	,	PUNCT
cblr-2872	130	4	if	if	SCONJ
cblr-2872	130	5	the	the	DET
cblr-2872	130	6	spot	spot	NOUN
cblr-2872	130	7	price	price	NOUN
cblr-2872	130	8	of	of	ADP
cblr-2872	130	9	wheat	wheat	NOUN
cblr-2872	130	10	at	at	ADP
cblr-2872	130	11	harvest	harvest	NOUN
cblr-2872	130	12	time	time	NOUN
cblr-2872	130	13	is	be	AUX
cblr-2872	130	14	$	$	SYM
cblr-2872	130	15	1.03	1.03	NUM
cblr-2872	130	16	,	,	PUNCT
cblr-2872	130	17	mr	mr	PROPN
cblr-2872	130	18	.	.	PROPN
cblr-2872	130	19	filburn	filburn	PROPN
cblr-2872	130	20	would	would	AUX
cblr-2872	130	21	sell	sell	VERB
cblr-2872	130	22	the	the	DET
cblr-2872	130	23	wheat	wheat	NOUN
cblr-2872	130	24	for	for	ADP
cblr-2872	130	25	$	$	SYM
cblr-2872	130	26	0.03	0.03	NUM
cblr-2872	130	27	less	less	ADJ
cblr-2872	130	28	per	per	ADP
cblr-2872	130	29	bushel	bushel	NOUN
cblr-2872	130	30	than	than	SCONJ
cblr-2872	130	31	he	he	PRON
cblr-2872	130	32	could	could	AUX
cblr-2872	130	33	have	have	VERB
cblr-2872	130	34	on	on	ADP
cblr-2872	130	35	the	the	DET
cblr-2872	130	36	open	open	ADJ
cblr-2872	130	37	market	market	NOUN
cblr-2872	130	38	,	,	PUNCT
cblr-2872	130	39	and	and	CCONJ
cblr-2872	130	40	mr	mr	PROPN
cblr-2872	130	41	.	.	PROPN
cblr-2872	130	42	wickard	wickard	PROPN
cblr-2872	130	43	would	would	AUX
cblr-2872	130	44	buy	buy	VERB
cblr-2872	130	45	the	the	DET
cblr-2872	130	46	wheat	wheat	NOUN
cblr-2872	130	47	for	for	ADP
cblr-2872	130	48	$	$	SYM
cblr-2872	130	49	0.03	0.03	NUM
cblr-2872	130	50	less	less	ADJ
cblr-2872	130	51	per	per	ADP
cblr-2872	130	52	bushel	bushel	NOUN
cblr-2872	130	53	than	than	SCONJ
cblr-2872	130	54	he	he	PRON
cblr-2872	130	55	could	could	AUX
cblr-2872	130	56	have	have	VERB
cblr-2872	130	57	on	on	ADP
cblr-2872	130	58	the	the	DET
cblr-2872	130	59	open	open	ADJ
cblr-2872	130	60	market	market	NOUN
cblr-2872	130	61	.	.	PUNCT
cblr-2872	131	1	despite	despite	SCONJ
cblr-2872	131	2	the	the	DET
cblr-2872	131	3	potential	potential	NOUN
cblr-2872	131	4	for	for	ADP
cblr-2872	131	5	benefit	benefit	NOUN
cblr-2872	131	6	or	or	CCONJ
cblr-2872	131	7	loss	loss	NOUN
cblr-2872	131	8	to	to	ADP
cblr-2872	131	9	either	either	DET
cblr-2872	131	10	mr	mr	PROPN
cblr-2872	131	11	.	.	PROPN
cblr-2872	131	12	filburn	filburn	PROPN
cblr-2872	131	13	or	or	CCONJ
cblr-2872	131	14	mr	mr	PROPN
cblr-2872	131	15	.	.	PROPN
cblr-2872	131	16	wickard	wickard	PROPN
cblr-2872	131	17	ex	ex	X
cblr-2872	131	18	post	post	NOUN
cblr-2872	131	19	,	,	PUNCT
cblr-2872	131	20	the	the	DET
cblr-2872	131	21	arrangement	arrangement	NOUN
cblr-2872	131	22	would	would	AUX
cblr-2872	131	23	benefit	benefit	VERB
cblr-2872	131	24	both	both	DET
cblr-2872	131	25	ex	ex	X
cblr-2872	131	26	ante	ante	NOUN
cblr-2872	131	27	because	because	SCONJ
cblr-2872	131	28	of	of	ADP
cblr-2872	131	29	the	the	DET
cblr-2872	131	30	certainty	certainty	NOUN
cblr-2872	131	31	it	it	PRON
cblr-2872	131	32	provides	provide	VERB
cblr-2872	131	33	:	:	PUNCT
cblr-2872	131	34	mr	mr	PROPN
cblr-2872	131	35	.	.	PROPN
cblr-2872	131	36	filburn	filburn	VERB
cblr-2872	131	37	the	the	DET
cblr-2872	131	38	wheat	wheat	NOUN
cblr-2872	131	39	farmer	farmer	NOUN
cblr-2872	131	40	can	can	AUX
cblr-2872	131	41	budget	budget	VERB
cblr-2872	131	42	his	his	PRON
cblr-2872	131	43	expenses	expense	NOUN
cblr-2872	131	44	based	base	VERB
cblr-2872	131	45	on	on	ADP
cblr-2872	131	46	a	a	DET
cblr-2872	131	47	more	more	ADV
cblr-2872	131	48	certain	certain	ADJ
cblr-2872	131	49	income	income	NOUN
cblr-2872	131	50	,	,	PUNCT
cblr-2872	131	51	and	and	CCONJ
cblr-2872	131	52	mr	mr	PROPN
cblr-2872	131	53	.	.	PROPN
cblr-2872	131	54	wickard	wickard	PROPN
cblr-2872	131	55	the	the	DET
cblr-2872	131	56	miller	miller	PROPN
cblr-2872	131	57	can	can	AUX
cblr-2872	131	58	plan	plan	VERB
cblr-2872	131	59	his	his	PRON
cblr-2872	131	60	production	production	NOUN
cblr-2872	131	61	based	base	VERB
cblr-2872	131	62	on	on	ADP
cblr-2872	131	63	a	a	DET
cblr-2872	131	64	more	more	ADV
cblr-2872	131	65	certain	certain	ADJ
cblr-2872	131	66	price	price	NOUN
cblr-2872	131	67	of	of	ADP
cblr-2872	131	68	inputs	input	NOUN
cblr-2872	131	69	.	.	PUNCT
cblr-2872	132	1	as	as	SCONJ
cblr-2872	132	2	this	this	DET
cblr-2872	132	3	market	market	NOUN
cblr-2872	132	4	developed	develop	VERB
cblr-2872	132	5	,	,	PUNCT
cblr-2872	132	6	market	market	NOUN
cblr-2872	132	7	participants	participant	NOUN
cblr-2872	132	8	realized	realize	VERB
cblr-2872	132	9	that	that	SCONJ
cblr-2872	132	10	they	they	PRON
cblr-2872	132	11	could	could	AUX
cblr-2872	132	12	decrease	decrease	VERB
cblr-2872	132	13	their	their	PRON
cblr-2872	132	14	transaction	transaction	NOUN
cblr-2872	132	15	costs	cost	NOUN
cblr-2872	132	16	by	by	ADP
cblr-2872	132	17	settling	settle	VERB
cblr-2872	132	18	these	these	DET
cblr-2872	132	19	contracts	contract	NOUN
cblr-2872	132	20	in	in	ADP
cblr-2872	132	21	cash	cash	NOUN
cblr-2872	132	22	,	,	PUNCT
cblr-2872	132	23	based	base	VERB
cblr-2872	132	24	on	on	ADP
cblr-2872	132	25	the	the	DET
cblr-2872	132	26	prevailing	prevail	VERB
cblr-2872	132	27	spot	spot	NOUN
cblr-2872	132	28	market	market	NOUN
cblr-2872	132	29	price	price	NOUN
cblr-2872	132	30	,	,	PUNCT
cblr-2872	132	31	rather	rather	ADV
cblr-2872	132	32	than	than	ADP
cblr-2872	132	33	physically	physically	ADV
cblr-2872	132	34	delivering	deliver	VERB
cblr-2872	132	35	the	the	DET
cblr-2872	132	36	agricultural	agricultural	ADJ
cblr-2872	132	37	commodity	commodity	NOUN
cblr-2872	132	38	that	that	PRON
cblr-2872	132	39	was	be	AUX
cblr-2872	132	40	the	the	DET
cblr-2872	132	41	subject	subject	NOUN
cblr-2872	132	42	of	of	ADP
cblr-2872	132	43	the	the	DET
cblr-2872	132	44	contract	contract	NOUN
cblr-2872	132	45	.	.	PUNCT
cblr-2872	133	1	mr	mr	PROPN
cblr-2872	133	2	.	.	PROPN
cblr-2872	133	3	filburn	filburn	PROPN
cblr-2872	133	4	,	,	PUNCT
cblr-2872	133	5	instead	instead	ADV
cblr-2872	133	6	of	of	ADP
cblr-2872	133	7	physically	physically	ADV
cblr-2872	133	8	delivering	deliver	VERB
cblr-2872	133	9	100	100	NUM
cblr-2872	133	10	bushels	bushel	NOUN
cblr-2872	133	11	of	of	ADP
cblr-2872	133	12	wheat	wheat	NOUN
cblr-2872	133	13	to	to	ADP
cblr-2872	133	14	mr	mr	PROPN
cblr-2872	133	15	.	.	PROPN
cblr-2872	133	16	wickard	wickard	PROPN
cblr-2872	133	17	for	for	ADP
cblr-2872	133	18	$	$	SYM
cblr-2872	133	19	1	1	NUM
cblr-2872	133	20	a	a	DET
cblr-2872	133	21	bushel	bushel	NOUN
cblr-2872	133	22	,	,	PUNCT
cblr-2872	133	23	could	could	AUX
cblr-2872	133	24	enter	enter	VERB
cblr-2872	133	25	into	into	ADP
cblr-2872	133	26	a	a	DET
cblr-2872	133	27	contract	contract	NOUN
cblr-2872	133	28	with	with	ADP
cblr-2872	133	29	mr	mr	PROPN
cblr-2872	133	30	.	.	PROPN
cblr-2872	133	31	wickard	wickard	PROPN
cblr-2872	133	32	under	under	ADP
cblr-2872	133	33	which	which	PRON
cblr-2872	133	34	mr	mr	PROPN
cblr-2872	133	35	.	.	PROPN
cblr-2872	133	36	filburn	filburn	PROPN
cblr-2872	133	37	would	would	AUX
cblr-2872	133	38	pay	pay	VERB
cblr-2872	133	39	mr	mr	PROPN
cblr-2872	133	40	.	.	PROPN
cblr-2872	133	41	wickard	wickard	PROPN
cblr-2872	133	42	100	100	NUM
cblr-2872	133	43	times	time	NOUN
cblr-2872	133	44	any	any	DET
cblr-2872	133	45	increase	increase	NOUN
cblr-2872	133	46	in	in	ADP
cblr-2872	133	47	the	the	DET
cblr-2872	133	48	spot	spot	NOUN
cblr-2872	133	49	price	price	NOUN
cblr-2872	133	50	of	of	ADP
cblr-2872	133	51	wheat	wheat	NOUN
cblr-2872	133	52	above	above	ADP
cblr-2872	133	53	$	$	SYM
cblr-2872	133	54	1	1	NUM
cblr-2872	133	55	,	,	PUNCT
cblr-2872	133	56	and	and	CCONJ
cblr-2872	133	57	mr	mr	PROPN
cblr-2872	133	58	.	.	PROPN
cblr-2872	133	59	wickard	wickard	PROPN
cblr-2872	133	60	would	would	AUX
cblr-2872	133	61	pay	pay	VERB
cblr-2872	133	62	mr	mr	PROPN
cblr-2872	133	63	.	.	PROPN
cblr-2872	133	64	filburn	filburn	PROPN
cblr-2872	133	65	100	100	NUM
cblr-2872	133	66	times	time	NOUN
cblr-2872	133	67	any	any	DET
cblr-2872	133	68	decrease	decrease	NOUN
cblr-2872	133	69	in	in	ADP
cblr-2872	133	70	the	the	DET
cblr-2872	133	71	spot	spot	NOUN
cblr-2872	133	72	price	price	NOUN
cblr-2872	133	73	of	of	ADP
cblr-2872	133	74	wheat	wheat	NOUN
cblr-2872	133	75	below	below	ADP
cblr-2872	133	76	$	$	SYM
cblr-2872	133	77	1	1	NUM
cblr-2872	133	78	.	.	PUNCT
cblr-2872	134	1	mr	mr	PROPN
cblr-2872	134	2	.	.	PROPN
cblr-2872	134	3	filburn	filburn	PROPN
cblr-2872	134	4	could	could	AUX
cblr-2872	134	5	then	then	ADV
cblr-2872	134	6	sell	sell	VERB
cblr-2872	134	7	his	his	PRON
cblr-2872	134	8	wheat	wheat	NOUN
cblr-2872	134	9	in	in	ADP
cblr-2872	134	10	the	the	DET
cblr-2872	134	11	open	open	ADJ
cblr-2872	134	12	market	market	NOUN
cblr-2872	134	13	at	at	ADP
cblr-2872	134	14	the	the	DET
cblr-2872	134	15	spot	spot	NOUN
cblr-2872	134	16	price	price	NOUN
cblr-2872	134	17	,	,	PUNCT
cblr-2872	134	18	and	and	CCONJ
cblr-2872	134	19	mr	mr	PROPN
cblr-2872	134	20	.	.	PROPN
cblr-2872	134	21	wickard	wickard	PROPN
cblr-2872	134	22	could	could	AUX
cblr-2872	134	23	buy	buy	VERB
cblr-2872	134	24	his	his	PRON
cblr-2872	134	25	wheat	wheat	NOUN
cblr-2872	134	26	in	in	ADP
cblr-2872	134	27	the	the	DET
cblr-2872	134	28	open	open	ADJ
cblr-2872	134	29	market	market	NOUN
cblr-2872	134	30	at	at	ADP
cblr-2872	134	31	the	the	DET
cblr-2872	134	32	spot	spot	NOUN
cblr-2872	134	33	price	price	NOUN
cblr-2872	134	34	,	,	PUNCT
cblr-2872	134	35	with	with	ADP
cblr-2872	134	36	each	each	PRON
cblr-2872	134	37	being	be	AUX
cblr-2872	134	38	in	in	ADP
cblr-2872	134	39	economically	economically	ADV
cblr-2872	134	40	the	the	DET
cblr-2872	134	41	same	same	ADJ
cblr-2872	134	42	position	position	NOUN
cblr-2872	134	43	as	as	SCONJ
cblr-2872	134	44	if	if	SCONJ
cblr-2872	134	45	he	he	PRON
cblr-2872	134	46	had	have	AUX
cblr-2872	134	47	transacted	transact	VERB
cblr-2872	134	48	100	100	NUM
cblr-2872	134	49	bushels	bushel	NOUN
cblr-2872	134	50	of	of	ADP
cblr-2872	134	51	wheat	wheat	NOUN
cblr-2872	134	52	for	for	ADP
cblr-2872	134	53	$	$	SYM
cblr-2872	134	54	1	1	NUM
cblr-2872	134	55	.	.	PUNCT
cblr-2872	135	1	for	for	ADP
cblr-2872	135	2	example	example	NOUN
cblr-2872	135	3	,	,	PUNCT
cblr-2872	135	4	if	if	SCONJ
cblr-2872	135	5	the	the	DET
cblr-2872	135	6	spot	spot	NOUN
cblr-2872	135	7	price	price	NOUN
cblr-2872	135	8	of	of	ADP
cblr-2872	135	9	wheat	wheat	NOUN
cblr-2872	135	10	is	be	AUX
cblr-2872	135	11	$	$	SYM
cblr-2872	135	12	1.02	1.02	NUM
cblr-2872	135	13	at	at	ADP
cblr-2872	135	14	harvest	harvest	NOUN
cblr-2872	135	15	time	time	NOUN
cblr-2872	135	16	,	,	PUNCT
cblr-2872	135	17	mr	mr	PROPN
cblr-2872	135	18	.	.	PROPN
cblr-2872	135	19	filburn	filburn	PROPN
cblr-2872	135	20	would	would	AUX
cblr-2872	135	21	pay	pay	VERB
cblr-2872	135	22	mr	mr	PROPN
cblr-2872	135	23	.	.	PROPN
cblr-2872	135	24	wickard	wickard	PROPN
cblr-2872	135	25	$	$	SYM
cblr-2872	135	26	0.02	0.02	NUM
cblr-2872	135	27	per	per	ADP
cblr-2872	135	28	bushel	bushel	NOUN
cblr-2872	135	29	.	.	PUNCT
cblr-2872	136	1	mr	mr	PROPN
cblr-2872	136	2	.	.	PROPN
cblr-2872	136	3	filburn	filburn	PROPN
cblr-2872	136	4	would	would	AUX
cblr-2872	136	5	sell	sell	VERB
cblr-2872	136	6	his	his	PRON
cblr-2872	136	7	wheat	wheat	NOUN
cblr-2872	136	8	for	for	ADP
cblr-2872	136	9	$	$	SYM
cblr-2872	136	10	1.02	1.02	NUM
cblr-2872	136	11	per	per	ADP
cblr-2872	136	12	bushel	bushel	NOUN
cblr-2872	136	13	on	on	ADP
cblr-2872	136	14	the	the	DET
cblr-2872	136	15	open	open	ADJ
cblr-2872	136	16	market	market	NOUN
cblr-2872	136	17	which	which	PRON
cblr-2872	136	18	,	,	PUNCT
cblr-2872	136	19	when	when	SCONJ
cblr-2872	136	20	the	the	DET
cblr-2872	136	21	$	$	SYM
cblr-2872	136	22	0.02	0.02	NUM
cblr-2872	136	23	paid	pay	VERB
cblr-2872	136	24	to	to	ADP
cblr-2872	136	25	mr	mr	PROPN
cblr-2872	136	26	.	.	PROPN
cblr-2872	136	27	wickard	wickard	PROPN
cblr-2872	136	28	is	be	AUX
cblr-2872	136	29	subtracted	subtract	VERB
cblr-2872	136	30	,	,	PUNCT
cblr-2872	136	31	would	would	AUX
cblr-2872	136	32	net	net	VERB
cblr-2872	136	33	him	he	PRON
cblr-2872	136	34	$	$	SYM
cblr-2872	136	35	1.00	1.00	NUM
cblr-2872	136	36	per	per	ADP
cblr-2872	136	37	bushelthe	bushelthe	DET
cblr-2872	136	38	same	same	ADJ
cblr-2872	136	39	amount	amount	NOUN
cblr-2872	136	40	per	per	ADP
cblr-2872	136	41	bushel	bushel	NOUN
cblr-2872	136	42	as	as	SCONJ
cblr-2872	136	43	if	if	SCONJ
cblr-2872	136	44	the	the	DET
cblr-2872	136	45	contract	contract	NOUN
cblr-2872	136	46	was	be	AUX
cblr-2872	136	47	physically	physically	ADV
cblr-2872	136	48	settled	settle	VERB
cblr-2872	136	49	.	.	PUNCT
cblr-2872	137	1	mr	mr	PROPN
cblr-2872	137	2	.	.	PROPN
cblr-2872	137	3	wickard	wickard	PROPN
cblr-2872	137	4	,	,	PUNCT
cblr-2872	137	5	on	on	ADP
cblr-2872	137	6	the	the	DET
cblr-2872	137	7	other	other	ADJ
cblr-2872	137	8	hand	hand	NOUN
cblr-2872	137	9	,	,	PUNCT
cblr-2872	137	10	would	would	AUX
cblr-2872	137	11	purchase	purchase	VERB
cblr-2872	137	12	wheat	wheat	NOUN
cblr-2872	137	13	on	on	ADP
cblr-2872	137	14	the	the	DET
cblr-2872	137	15	open	open	ADJ
cblr-2872	137	16	market	market	NOUN
cblr-2872	137	17	at	at	ADP
cblr-2872	137	18	$	$	SYM
cblr-2872	137	19	1.02	1.02	NUM
cblr-2872	137	20	per	per	ADP
cblr-2872	137	21	bushel	bushel	NOUN
cblr-2872	137	22	,	,	PUNCT
cblr-2872	137	23	but	but	CCONJ
cblr-2872	137	24	his	his	PRON
cblr-2872	137	25	cost	cost	NOUN
cblr-2872	137	26	would	would	AUX
cblr-2872	137	27	be	be	AUX
cblr-2872	137	28	somewhat	somewhat	ADV
cblr-2872	137	29	offset	offset	VERB
cblr-2872	137	30	by	by	ADP
cblr-2872	137	31	the	the	DET
cblr-2872	137	32	$	$	SYM
cblr-2872	137	33	0.02	0.02	NUM
cblr-2872	137	34	per	per	ADP
cblr-2872	137	35	bushel	bushel	NOUN
cblr-2872	137	36	he	he	PRON
cblr-2872	137	37	would	would	AUX
cblr-2872	137	38	regulation	regulation	VERB
cblr-2872	137	39	through	through	ADP
cblr-2872	137	40	substitujtionno	substitujtionno	NOUN
cblr-2872	137	41	.	.	PUNCT
cblr-2872	138	1	3:667	3:667	NUM
cblr-2872	138	2	]	]	PUNCT
cblr-2872	138	3	677	677	NUM
cblr-2872	138	4	be	be	AUX
cblr-2872	138	5	paid	pay	VERB
cblr-2872	138	6	by	by	ADP
cblr-2872	138	7	mr	mr	PROPN
cblr-2872	138	8	.	.	PROPN
cblr-2872	138	9	filburn	filburn	NOUN
cblr-2872	138	10	to	to	PART
cblr-2872	138	11	settle	settle	VERB
cblr-2872	138	12	the	the	DET
cblr-2872	138	13	contract	contract	NOUN
cblr-2872	138	14	,	,	PUNCT
cblr-2872	138	15	thereby	thereby	ADV
cblr-2872	138	16	resulting	result	VERB
cblr-2872	138	17	in	in	ADP
cblr-2872	138	18	a	a	DET
cblr-2872	138	19	net	net	ADJ
cblr-2872	138	20	cost	cost	NOUN
cblr-2872	138	21	of	of	ADP
cblr-2872	138	22	$	$	SYM
cblr-2872	138	23	1.00	1.00	NUM
cblr-2872	138	24	per	per	ADP
cblr-2872	138	25	bushel	bushel	NOUN
cblr-2872	138	26	-	-	PUNCT
cblr-2872	138	27	also	also	ADV
cblr-2872	138	28	the	the	DET
cblr-2872	138	29	same	same	ADJ
cblr-2872	138	30	amount	amount	NOUN
cblr-2872	138	31	as	as	SCONJ
cblr-2872	138	32	if	if	SCONJ
cblr-2872	138	33	the	the	DET
cblr-2872	138	34	contract	contract	NOUN
cblr-2872	138	35	was	be	AUX
cblr-2872	138	36	physically	physically	ADV
cblr-2872	138	37	settled	settle	VERB
cblr-2872	138	38	.	.	PUNCT
cblr-2872	139	1	with	with	ADP
cblr-2872	139	2	this	this	DET
cblr-2872	139	3	cash	cash	NOUN
cblr-2872	139	4	-	-	PUNCT
cblr-2872	139	5	settled	settle	VERB
cblr-2872	139	6	innovation	innovation	NOUN
cblr-2872	139	7	,	,	PUNCT
cblr-2872	139	8	the	the	DET
cblr-2872	139	9	"	"	PUNCT
cblr-2872	139	10	forward	forward	ADJ
cblr-2872	139	11	"	"	PUNCT
cblr-2872	139	12	market	market	NOUN
cblr-2872	139	13	for	for	ADP
cblr-2872	139	14	agricultural	agricultural	ADJ
cblr-2872	139	15	products	product	NOUN
cblr-2872	139	16	deepened	deepen	VERB
cblr-2872	139	17	,	,	PUNCT
cblr-2872	139	18	as	as	SCONJ
cblr-2872	139	19	market	market	NOUN
cblr-2872	139	20	participants	participant	NOUN
cblr-2872	139	21	were	be	AUX
cblr-2872	139	22	no	no	ADV
cblr-2872	139	23	longer	long	ADV
cblr-2872	139	24	constrained	constrain	VERB
cblr-2872	139	25	by	by	ADP
cblr-2872	139	26	the	the	DET
cblr-2872	139	27	geographical	geographical	ADJ
cblr-2872	139	28	and	and	CCONJ
cblr-2872	139	29	cost	cost	NOUN
cblr-2872	139	30	limitations	limitation	NOUN
cblr-2872	139	31	imposed	impose	VERB
cblr-2872	139	32	by	by	ADP
cblr-2872	139	33	a	a	DET
cblr-2872	139	34	requirement	requirement	NOUN
cblr-2872	139	35	to	to	PART
cblr-2872	139	36	effect	effect	VERB
cblr-2872	139	37	physical	physical	ADJ
cblr-2872	139	38	delivery	delivery	NOUN
cblr-2872	139	39	at	at	ADP
cblr-2872	139	40	a	a	DET
cblr-2872	139	41	particular	particular	ADJ
cblr-2872	139	42	place	place	NOUN
cblr-2872	139	43	at	at	ADP
cblr-2872	139	44	a	a	DET
cblr-2872	139	45	particular	particular	ADJ
cblr-2872	139	46	time	time	NOUN
cblr-2872	139	47	.	.	PUNCT
cblr-2872	140	1	much	much	ADV
cblr-2872	140	2	as	as	SCONJ
cblr-2872	140	3	the	the	DET
cblr-2872	140	4	early	early	ADJ
cblr-2872	140	5	pioneers	pioneer	NOUN
cblr-2872	140	6	of	of	ADP
cblr-2872	140	7	securities	security	NOUN
cblr-2872	140	8	contracts	contract	NOUN
cblr-2872	140	9	congregated	congregate	VERB
cblr-2872	140	10	around	around	ADP
cblr-2872	140	11	a	a	DET
cblr-2872	140	12	tree	tree	NOUN
cblr-2872	140	13	on	on	ADP
cblr-2872	140	14	wall	wall	PROPN
cblr-2872	140	15	street	street	PROPN
cblr-2872	140	16	in	in	ADP
cblr-2872	140	17	new	new	PROPN
cblr-2872	140	18	york	york	PROPN
cblr-2872	140	19	to	to	PART
cblr-2872	140	20	negotiate	negotiate	VERB
cblr-2872	140	21	and	and	CCONJ
cblr-2872	140	22	enter	enter	VERB
cblr-2872	140	23	into	into	ADP
cblr-2872	140	24	securities	security	NOUN
cblr-2872	140	25	transactions	transaction	NOUN
cblr-2872	140	26	,	,	PUNCT
cblr-2872	140	27	market	market	NOUN
cblr-2872	140	28	makers	maker	NOUN
cblr-2872	140	29	in	in	ADP
cblr-2872	140	30	these	these	DET
cblr-2872	140	31	standardized	standardize	VERB
cblr-2872	140	32	forward	forward	ADV
cblr-2872	140	33	contracts	contract	NOUN
cblr-2872	140	34	-	-	PUNCT
cblr-2872	140	35	known	know	VERB
cblr-2872	140	36	as	as	ADP
cblr-2872	140	37	"	"	PUNCT
cblr-2872	140	38	futures"congregated	futures"congregate	VERB
cblr-2872	140	39	to	to	PART
cblr-2872	140	40	buy	buy	VERB
cblr-2872	140	41	and	and	CCONJ
cblr-2872	140	42	sell	sell	VERB
cblr-2872	140	43	these	these	DET
cblr-2872	140	44	contracts	contract	NOUN
cblr-2872	140	45	in	in	ADP
cblr-2872	140	46	an	an	DET
cblr-2872	140	47	open	open	ADJ
cblr-2872	140	48	market	market	NOUN
cblr-2872	140	49	.	.	PUNCT
cblr-2872	141	1	given	give	VERB
cblr-2872	141	2	the	the	DET
cblr-2872	141	3	agricultural	agricultural	ADJ
cblr-2872	141	4	focus	focus	NOUN
cblr-2872	141	5	of	of	ADP
cblr-2872	141	6	this	this	DET
cblr-2872	141	7	market	market	NOUN
cblr-2872	141	8	,	,	PUNCT
cblr-2872	141	9	its	its	PRON
cblr-2872	141	10	capital	capital	NOUN
cblr-2872	141	11	quickly	quickly	ADV
cblr-2872	141	12	became	become	VERB
cblr-2872	141	13	chicago	chicago	PROPN
cblr-2872	141	14	-	-	PUNCT
cblr-2872	141	15	and	and	CCONJ
cblr-2872	141	16	thus	thus	ADV
cblr-2872	141	17	was	be	AUX
cblr-2872	141	18	born	bear	VERB
cblr-2872	141	19	the	the	DET
cblr-2872	141	20	chicago	chicago	PROPN
cblr-2872	141	21	mercantile	mercantile	PROPN
cblr-2872	141	22	exchange	exchange	PROPN
cblr-2872	141	23	(	(	PUNCT
cblr-2872	141	24	"	"	PUNCT
cblr-2872	141	25	cme	cme	NOUN
cblr-2872	141	26	"	"	PUNCT
cblr-2872	141	27	)	)	PUNCT
cblr-2872	141	28	,	,	PUNCT
cblr-2872	141	29	the	the	DET
cblr-2872	141	30	chicago	chicago	PROPN
cblr-2872	141	31	board	board	PROPN
cblr-2872	141	32	of	of	ADP
cblr-2872	141	33	trade	trade	PROPN
cblr-2872	141	34	(	(	PUNCT
cblr-2872	141	35	"	"	PUNCT
cblr-2872	141	36	cbot	cbot	X
cblr-2872	141	37	"	"	PUNCT
cblr-2872	141	38	)	)	PUNCT
cblr-2872	141	39	,	,	PUNCT
cblr-2872	141	40	and	and	CCONJ
cblr-2872	141	41	others.13	others.13	NOUN
cblr-2872	141	42	2	2	NUM
cblr-2872	141	43	.	.	PUNCT
cblr-2872	141	44	swaps	swap	NOUN
cblr-2872	141	45	over	over	ADP
cblr-2872	141	46	time	time	NOUN
cblr-2872	141	47	,	,	PUNCT
cblr-2872	141	48	financial	financial	ADJ
cblr-2872	141	49	markets	market	NOUN
cblr-2872	141	50	adopted	adopt	VERB
cblr-2872	141	51	more	more	ADV
cblr-2872	141	52	broadly	broadly	ADV
cblr-2872	141	53	the	the	DET
cblr-2872	141	54	agricultural	agricultural	ADJ
cblr-2872	141	55	futures	future	NOUN
cblr-2872	141	56	market	market	NOUN
cblr-2872	141	57	's	's	PART
cblr-2872	141	58	innovation	innovation	NOUN
cblr-2872	141	59	of	of	ADP
cblr-2872	141	60	using	use	VERB
cblr-2872	141	61	contracts	contract	NOUN
cblr-2872	141	62	to	to	PART
cblr-2872	141	63	shift	shift	VERB
cblr-2872	141	64	price	price	NOUN
cblr-2872	141	65	risk	risk	NOUN
cblr-2872	141	66	between	between	ADP
cblr-2872	141	67	counterparties	counterpartie	NOUN
cblr-2872	141	68	.	.	PUNCT
cblr-2872	142	1	instead	instead	ADV
cblr-2872	142	2	of	of	ADP
cblr-2872	142	3	transferring	transfer	VERB
cblr-2872	142	4	the	the	DET
cblr-2872	142	5	risk	risk	NOUN
cblr-2872	142	6	of	of	ADP
cblr-2872	142	7	price	price	NOUN
cblr-2872	142	8	changes	change	NOUN
cblr-2872	142	9	in	in	ADP
cblr-2872	142	10	physical	physical	ADJ
cblr-2872	142	11	commodities	commodity	NOUN
cblr-2872	142	12	such	such	ADJ
cblr-2872	142	13	as	as	ADP
cblr-2872	142	14	wheat	wheat	NOUN
cblr-2872	142	15	,	,	PUNCT
cblr-2872	142	16	savvy	savvy	ADJ
cblr-2872	142	17	market	market	NOUN
cblr-2872	142	18	participants	participant	NOUN
cblr-2872	142	19	began	begin	VERB
cblr-2872	142	20	to	to	PART
cblr-2872	142	21	develop	develop	VERB
cblr-2872	142	22	contracts	contract	NOUN
cblr-2872	142	23	that	that	PRON
cblr-2872	142	24	shifted	shift	VERB
cblr-2872	142	25	the	the	DET
cblr-2872	142	26	risk	risk	NOUN
cblr-2872	142	27	of	of	ADP
cblr-2872	142	28	interest	interest	NOUN
cblr-2872	142	29	rates	rate	NOUN
cblr-2872	142	30	,	,	PUNCT
cblr-2872	142	31	foreign	foreign	ADJ
cblr-2872	142	32	exchange	exchange	NOUN
cblr-2872	142	33	rates	rate	NOUN
cblr-2872	142	34	,	,	PUNCT
cblr-2872	142	35	stock	stock	NOUN
cblr-2872	142	36	price	price	NOUN
cblr-2872	142	37	movements	movement	NOUN
cblr-2872	142	38	,	,	PUNCT
cblr-2872	142	39	and	and	CCONJ
cblr-2872	142	40	counterparty	counterparty	NOUN
cblr-2872	142	41	defaults	default	NOUN
cblr-2872	142	42	to	to	ADP
cblr-2872	142	43	other	other	ADJ
cblr-2872	142	44	market	market	NOUN
cblr-2872	142	45	participants	participant	NOUN
cblr-2872	142	46	better	well	ADV
cblr-2872	142	47	able	able	ADJ
cblr-2872	142	48	to	to	PART
cblr-2872	142	49	bear	bear	VERB
cblr-2872	142	50	them	they	PRON
cblr-2872	142	51	.	.	PUNCT
cblr-2872	143	1	these	these	DET
cblr-2872	143	2	instruments	instrument	NOUN
cblr-2872	143	3	became	became	AUX
cblr-2872	143	4	known	know	VERB
cblr-2872	143	5	as	as	ADP
cblr-2872	143	6	''	''	PUNCT
cblr-2872	143	7	swaps	swap	NOUN
cblr-2872	143	8	,	,	PUNCT
cblr-2872	143	9	"	"	PUNCT
cblr-2872	143	10	as	as	SCONJ
cblr-2872	143	11	they	they	PRON
cblr-2872	143	12	generally	generally	ADV
cblr-2872	143	13	consisted	consist	VERB
cblr-2872	143	14	of	of	ADP
cblr-2872	143	15	an	an	DET
cblr-2872	143	16	agreement	agreement	NOUN
cblr-2872	143	17	between	between	ADP
cblr-2872	143	18	two	two	NUM
cblr-2872	143	19	parties	party	NOUN
cblr-2872	143	20	to	to	PART
cblr-2872	143	21	swap	swap	VERB
cblr-2872	143	22	payment	payment	NOUN
cblr-2872	143	23	streams	stream	NOUN
cblr-2872	143	24	from	from	ADP
cblr-2872	143	25	a	a	DET
cblr-2872	143	26	given	give	VERB
cblr-2872	143	27	asset	asset	NOUN
cblr-2872	143	28	.	.	PUNCT
cblr-2872	144	1	for	for	ADP
cblr-2872	144	2	example	example	NOUN
cblr-2872	144	3	,	,	PUNCT
cblr-2872	144	4	in	in	ADP
cblr-2872	144	5	the	the	DET
cblr-2872	144	6	context	context	NOUN
cblr-2872	144	7	of	of	ADP
cblr-2872	144	8	a	a	DET
cblr-2872	144	9	currency	currency	NOUN
cblr-2872	144	10	swap	swap	NOUN
cblr-2872	144	11	,	,	PUNCT
cblr-2872	144	12	the	the	DET
cblr-2872	144	13	two	two	NUM
cblr-2872	144	14	counterparties	counterpartie	NOUN
cblr-2872	144	15	to	to	ADP
cblr-2872	144	16	the	the	DET
cblr-2872	144	17	swap	swap	NOUN
cblr-2872	144	18	might	might	AUX
cblr-2872	144	19	exchange	exchange	VERB
cblr-2872	144	20	payments	payment	NOUN
cblr-2872	144	21	on	on	ADP
cblr-2872	144	22	13	13	NUM
cblr-2872	144	23	see	see	NOUN
cblr-2872	144	24	kroszner	kroszner	NOUN
cblr-2872	144	25	,	,	PUNCT
cblr-2872	144	26	supra	supra	PROPN
cblr-2872	144	27	note	note	NOUN
cblr-2872	144	28	12	12	NUM
cblr-2872	144	29	,	,	PUNCT
cblr-2872	144	30	at	at	ADP
cblr-2872	144	31	599	599	NUM
cblr-2872	144	32	(	(	PUNCT
cblr-2872	144	33	"	"	PUNCT
cblr-2872	144	34	in	in	ADP
cblr-2872	144	35	the	the	DET
cblr-2872	144	36	united	united	PROPN
cblr-2872	144	37	states	states	PROPN
cblr-2872	144	38	,	,	PUNCT
cblr-2872	144	39	the	the	DET
cblr-2872	144	40	key	key	ADJ
cblr-2872	144	41	force	force	NOUN
cblr-2872	144	42	behind	behind	ADP
cblr-2872	144	43	the	the	DET
cblr-2872	144	44	development	development	NOUN
cblr-2872	144	45	and	and	CCONJ
cblr-2872	144	46	enforcement	enforcement	NOUN
cblr-2872	144	47	of	of	ADP
cblr-2872	144	48	grading	grade	VERB
cblr-2872	144	49	standards	standard	NOUN
cblr-2872	144	50	was	be	AUX
cblr-2872	144	51	the	the	DET
cblr-2872	144	52	chicago	chicago	PROPN
cblr-2872	144	53	board	board	NOUN
cblr-2872	144	54	of	of	ADP
cblr-2872	144	55	trade	trade	NOUN
cblr-2872	144	56	,	,	PUNCT
cblr-2872	144	57	which	which	PRON
cblr-2872	144	58	was	be	AUX
cblr-2872	144	59	founded	found	VERB
cblr-2872	144	60	in	in	ADP
cblr-2872	144	61	1848	1848	NUM
cblr-2872	144	62	,	,	PUNCT
cblr-2872	144	63	and	and	CCONJ
cblr-2872	144	64	went	go	VERB
cblr-2872	144	65	on	on	ADP
cblr-2872	144	66	to	to	PART
cblr-2872	144	67	become	become	VERB
cblr-2872	144	68	one	one	NUM
cblr-2872	144	69	of	of	ADP
cblr-2872	144	70	the	the	DET
cblr-2872	144	71	largest	large	ADJ
cblr-2872	144	72	and	and	CCONJ
cblr-2872	144	73	most	most	ADV
cblr-2872	144	74	successful	successful	ADJ
cblr-2872	144	75	futures	future	NOUN
cblr-2872	144	76	exchanges	exchange	NOUN
cblr-2872	144	77	in	in	ADP
cblr-2872	144	78	the	the	DET
cblr-2872	144	79	united	united	PROPN
cblr-2872	144	80	states	states	PROPN
cblr-2872	144	81	and	and	CCONJ
cblr-2872	144	82	the	the	DET
cblr-2872	144	83	world	world	NOUN
cblr-2872	144	84	.	.	PUNCT
cblr-2872	145	1	"	"	PUNCT
cblr-2872	145	2	)	)	PUNCT
cblr-2872	145	3	.	.	PUNCT
cblr-2872	146	1	678	678	NUM
cblr-2872	146	2	col	col	PROPN
cblr-2872	146	3	umbia	umbia	PROPN
cblr-2872	146	4	b	b	PROPN
cblr-2872	146	5	usiness	usiness	PROPN
cblr-2872	146	6	la	la	PROPN
cblr-2872	146	7	w	w	PROPN
cblr-2872	146	8	re	re	PROPN
cblr-2872	146	9	vie	vie	PROPN
cblr-2872	146	10	w	w	PROPN
cblr-2872	147	1	[	[	X
cblr-2872	147	2	vol	vol	NOUN
cblr-2872	147	3	.	.	PUNCT
cblr-2872	147	4	2013	2013	NUM
cblr-2872	147	5	regulation	regulation	NOUN
cblr-2872	147	6	through	through	ADP
cblr-2872	147	7	substitution	substitution	NOUN
cblr-2872	147	8	a	a	DET
cblr-2872	147	9	u.s	u.s	PROPN
cblr-2872	147	10	.	.	PROPN
cblr-2872	147	11	dollar	dollar	NOUN
cblr-2872	147	12	-	-	PUNCT
cblr-2872	147	13	denominated	denominate	VERB
cblr-2872	147	14	bond	bond	NOUN
cblr-2872	147	15	for	for	ADP
cblr-2872	147	16	payments	payment	NOUN
cblr-2872	147	17	on	on	ADP
cblr-2872	147	18	a	a	DET
cblr-2872	147	19	japanese	japanese	ADJ
cblr-2872	147	20	yen	yen	NOUN
cblr-2872	147	21	-	-	PUNCT
cblr-2872	147	22	denominated	denominate	VERB
cblr-2872	147	23	bond	bond	NOUN
cblr-2872	147	24	.	.	PUNCT
cblr-2872	148	1	recall	recall	VERB
cblr-2872	148	2	our	our	PRON
cblr-2872	148	3	miller	miller	NOUN
cblr-2872	148	4	,	,	PUNCT
cblr-2872	148	5	mr	mr	PROPN
cblr-2872	148	6	.	.	PROPN
cblr-2872	148	7	wickard	wickard	PROPN
cblr-2872	148	8	.	.	PUNCT
cblr-2872	149	1	due	due	ADP
cblr-2872	149	2	to	to	ADP
cblr-2872	149	3	the	the	DET
cblr-2872	149	4	increased	increase	VERB
cblr-2872	149	5	cost	cost	NOUN
cblr-2872	149	6	certainty	certainty	NOUN
cblr-2872	149	7	thanks	thank	NOUN
cblr-2872	149	8	to	to	ADP
cblr-2872	149	9	his	his	PRON
cblr-2872	149	10	use	use	NOUN
cblr-2872	149	11	of	of	ADP
cblr-2872	149	12	futures	future	NOUN
cblr-2872	149	13	contracts	contract	NOUN
cblr-2872	149	14	to	to	PART
cblr-2872	149	15	lock	lock	VERB
cblr-2872	149	16	in	in	ADP
cblr-2872	149	17	wheat	wheat	NOUN
cblr-2872	149	18	prices	price	NOUN
cblr-2872	149	19	,	,	PUNCT
cblr-2872	149	20	mr	mr	PROPN
cblr-2872	149	21	.	.	PROPN
cblr-2872	149	22	wickard	wickard	PROPN
cblr-2872	149	23	has	have	AUX
cblr-2872	149	24	succeeded	succeed	VERB
cblr-2872	149	25	beyond	beyond	ADP
cblr-2872	149	26	his	his	PRON
cblr-2872	149	27	expectations	expectation	NOUN
cblr-2872	149	28	and	and	CCONJ
cblr-2872	149	29	wishes	wish	VERB
cblr-2872	149	30	to	to	PART
cblr-2872	149	31	build	build	VERB
cblr-2872	149	32	a	a	DET
cblr-2872	149	33	new	new	ADJ
cblr-2872	149	34	mill	mill	NOUN
cblr-2872	149	35	.	.	PUNCT
cblr-2872	150	1	mr	mr	PROPN
cblr-2872	150	2	.	.	PROPN
cblr-2872	150	3	wickard	wickard	PROPN
cblr-2872	150	4	visits	visit	VERB
cblr-2872	150	5	his	his	PRON
cblr-2872	150	6	local	local	ADJ
cblr-2872	150	7	banker	banker	NOUN
cblr-2872	150	8	(	(	PUNCT
cblr-2872	150	9	mr	mr	PROPN
cblr-2872	150	10	.	.	PROPN
cblr-2872	150	11	mcculloch	mcculloch	PROPN
cblr-2872	150	12	)	)	PUNCT
cblr-2872	150	13	to	to	PART
cblr-2872	150	14	inquire	inquire	VERB
cblr-2872	150	15	about	about	ADP
cblr-2872	150	16	a	a	DET
cblr-2872	150	17	$	$	SYM
cblr-2872	150	18	10,000	10,000	NUM
cblr-2872	150	19	loan	loan	NOUN
cblr-2872	150	20	to	to	PART
cblr-2872	150	21	finance	finance	VERB
cblr-2872	150	22	the	the	DET
cblr-2872	150	23	building	building	NOUN
cblr-2872	150	24	of	of	ADP
cblr-2872	150	25	the	the	DET
cblr-2872	150	26	new	new	ADJ
cblr-2872	150	27	mill	mill	NOUN
cblr-2872	150	28	.	.	PUNCT
cblr-2872	151	1	mr	mr	PROPN
cblr-2872	151	2	.	.	PROPN
cblr-2872	151	3	mcculloch	mcculloch	PROPN
cblr-2872	151	4	is	be	AUX
cblr-2872	151	5	eager	eager	ADJ
cblr-2872	151	6	to	to	PART
cblr-2872	151	7	lend	lend	VERB
cblr-2872	151	8	to	to	ADP
cblr-2872	151	9	mr	mr	PROPN
cblr-2872	151	10	.	.	PROPN
cblr-2872	151	11	wickard	wickard	PROPN
cblr-2872	151	12	,	,	PUNCT
cblr-2872	151	13	but	but	CCONJ
cblr-2872	151	14	to	to	PART
cblr-2872	151	15	minimize	minimize	VERB
cblr-2872	151	16	his	his	PRON
cblr-2872	151	17	exposure	exposure	NOUN
cblr-2872	151	18	to	to	ADP
cblr-2872	151	19	interest	interest	NOUN
cblr-2872	151	20	rate	rate	NOUN
cblr-2872	151	21	risk	risk	NOUN
cblr-2872	151	22	,	,	PUNCT
cblr-2872	151	23	will	will	AUX
cblr-2872	151	24	only	only	ADV
cblr-2872	151	25	do	do	VERB
cblr-2872	151	26	so	so	ADV
cblr-2872	151	27	if	if	SCONJ
cblr-2872	151	28	mr	mr	PROPN
cblr-2872	151	29	.	.	PROPN
cblr-2872	151	30	wickard	wickard	PROPN
cblr-2872	151	31	pays	pay	VERB
cblr-2872	151	32	interest	interest	NOUN
cblr-2872	151	33	at	at	ADP
cblr-2872	151	34	a	a	DET
cblr-2872	151	35	floating	float	VERB
cblr-2872	151	36	rate	rate	NOUN
cblr-2872	151	37	that	that	PRON
cblr-2872	151	38	depends	depend	VERB
cblr-2872	151	39	on	on	ADP
cblr-2872	151	40	prevailing	prevail	VERB
cblr-2872	151	41	interest	interest	NOUN
cblr-2872	151	42	rates	rate	NOUN
cblr-2872	151	43	at	at	ADP
cblr-2872	151	44	the	the	DET
cblr-2872	151	45	time	time	NOUN
cblr-2872	151	46	of	of	ADP
cblr-2872	151	47	each	each	DET
cblr-2872	151	48	payment	payment	NOUN
cblr-2872	151	49	.	.	PUNCT
cblr-2872	152	1	mr	mr	PROPN
cblr-2872	152	2	.	.	PROPN
cblr-2872	152	3	wickard	wickard	PROPN
cblr-2872	152	4	,	,	PUNCT
cblr-2872	152	5	inspired	inspire	VERB
cblr-2872	152	6	by	by	ADP
cblr-2872	152	7	his	his	PRON
cblr-2872	152	8	recent	recent	ADJ
cblr-2872	152	9	experience	experience	NOUN
cblr-2872	152	10	in	in	ADP
cblr-2872	152	11	the	the	DET
cblr-2872	152	12	futures	future	NOUN
cblr-2872	152	13	market	market	NOUN
cblr-2872	152	14	,	,	PUNCT
cblr-2872	152	15	asks	ask	VERB
cblr-2872	152	16	mr	mr	PROPN
cblr-2872	152	17	.	.	PROPN
cblr-2872	152	18	mcculloch	mcculloch	PROPN
cblr-2872	152	19	whether	whether	SCONJ
cblr-2872	152	20	there	there	PRON
cblr-2872	152	21	are	be	VERB
cblr-2872	152	22	any	any	DET
cblr-2872	152	23	financial	financial	ADJ
cblr-2872	152	24	contracts	contract	NOUN
cblr-2872	152	25	in	in	ADP
cblr-2872	152	26	existence	existence	NOUN
cblr-2872	152	27	that	that	PRON
cblr-2872	152	28	can	can	AUX
cblr-2872	152	29	shift	shift	VERB
cblr-2872	152	30	the	the	DET
cblr-2872	152	31	risk	risk	NOUN
cblr-2872	152	32	of	of	ADP
cblr-2872	152	33	interest	interest	NOUN
cblr-2872	152	34	rate	rate	NOUN
cblr-2872	152	35	risk	risk	NOUN
cblr-2872	152	36	away	away	ADV
cblr-2872	152	37	from	from	ADP
cblr-2872	152	38	mr	mr	PROPN
cblr-2872	152	39	.	.	PROPN
cblr-2872	152	40	wickard	wickard	PROPN
cblr-2872	152	41	,	,	PUNCT
cblr-2872	152	42	much	much	ADV
cblr-2872	152	43	as	as	SCONJ
cblr-2872	152	44	the	the	DET
cblr-2872	152	45	futures	future	NOUN
cblr-2872	152	46	contract	contract	NOUN
cblr-2872	152	47	shifted	shift	VERB
cblr-2872	152	48	the	the	DET
cblr-2872	152	49	wheat	wheat	NOUN
cblr-2872	152	50	price	price	NOUN
cblr-2872	152	51	risk	risk	NOUN
cblr-2872	152	52	away	away	ADV
cblr-2872	152	53	from	from	ADP
cblr-2872	152	54	mr	mr	PROPN
cblr-2872	152	55	.	.	PROPN
cblr-2872	152	56	wickard	wickard	PROPN
cblr-2872	152	57	in	in	ADP
cblr-2872	152	58	his	his	PRON
cblr-2872	152	59	dealings	dealing	NOUN
cblr-2872	152	60	with	with	ADP
cblr-2872	152	61	mr	mr	PROPN
cblr-2872	152	62	.	.	PROPN
cblr-2872	152	63	filburn	filburn	PROPN
cblr-2872	152	64	.	.	PUNCT
cblr-2872	153	1	luckily	luckily	ADV
cblr-2872	153	2	,	,	PUNCT
cblr-2872	153	3	mr	mr	PROPN
cblr-2872	153	4	.	.	PROPN
cblr-2872	153	5	mcculloch	mcculloch	PROPN
cblr-2872	153	6	has	have	VERB
cblr-2872	153	7	an	an	DET
cblr-2872	153	8	answer	answer	NOUN
cblr-2872	153	9	.	.	PUNCT
cblr-2872	154	1	he	he	PRON
cblr-2872	154	2	gives	give	VERB
cblr-2872	154	3	mr	mr	PROPN
cblr-2872	154	4	.	.	PROPN
cblr-2872	154	5	wickard	wickard	PROPN
cblr-2872	154	6	the	the	DET
cblr-2872	154	7	phone	phone	NOUN
cblr-2872	154	8	number	number	NOUN
cblr-2872	154	9	of	of	ADP
cblr-2872	154	10	his	his	PRON
cblr-2872	154	11	friend	friend	NOUN
cblr-2872	154	12	ms	ms	PROPN
cblr-2872	154	13	.	.	PROPN
cblr-2872	154	14	hamilton	hamilton	PROPN
cblr-2872	154	15	,	,	PUNCT
cblr-2872	154	16	who	who	PRON
cblr-2872	154	17	works	work	VERB
cblr-2872	154	18	at	at	ADP
cblr-2872	154	19	a	a	DET
cblr-2872	154	20	large	large	ADJ
cblr-2872	154	21	bank	bank	NOUN
cblr-2872	154	22	in	in	ADP
cblr-2872	154	23	the	the	DET
cblr-2872	154	24	nearest	near	ADJ
cblr-2872	154	25	city	city	NOUN
cblr-2872	154	26	.	.	PUNCT
cblr-2872	155	1	mr	mr	PROPN
cblr-2872	155	2	.	.	PROPN
cblr-2872	155	3	wickard	wickard	PROPN
cblr-2872	155	4	calls	call	VERB
cblr-2872	155	5	ms	ms	PROPN
cblr-2872	155	6	.	.	PROPN
cblr-2872	155	7	hamilton	hamilton	PROPN
cblr-2872	155	8	,	,	PUNCT
cblr-2872	155	9	who	who	PRON
cblr-2872	155	10	provides	provide	VERB
cblr-2872	155	11	him	he	PRON
cblr-2872	155	12	with	with	ADP
cblr-2872	155	13	a	a	DET
cblr-2872	155	14	proposal	proposal	NOUN
cblr-2872	155	15	.	.	PUNCT
cblr-2872	156	1	ms	ms	PROPN
cblr-2872	156	2	.	.	PROPN
cblr-2872	156	3	hamilton	hamilton	PROPN
cblr-2872	156	4	's	's	PART
cblr-2872	156	5	bank	bank	PROPN
cblr-2872	156	6	offers	offer	VERB
cblr-2872	156	7	mr	mr	PROPN
cblr-2872	156	8	.	.	PROPN
cblr-2872	156	9	wickard	wickard	PROPN
cblr-2872	156	10	a	a	DET
cblr-2872	156	11	contract	contract	NOUN
cblr-2872	156	12	of	of	ADP
cblr-2872	156	13	the	the	DET
cblr-2872	156	14	same	same	ADJ
cblr-2872	156	15	duration	duration	NOUN
cblr-2872	156	16	as	as	ADP
cblr-2872	156	17	mr	mr	PROPN
cblr-2872	156	18	.	.	PROPN
cblr-2872	156	19	wickard	wickard	PROPN
cblr-2872	156	20	's	's	PART
cblr-2872	156	21	loan	loan	NOUN
cblr-2872	156	22	from	from	ADP
cblr-2872	156	23	mr	mr	PROPN
cblr-2872	156	24	.	.	PROPN
cblr-2872	156	25	mcculloch	mcculloch	PROPN
cblr-2872	156	26	,	,	PUNCT
cblr-2872	156	27	under	under	ADP
cblr-2872	156	28	which	which	PRON
cblr-2872	156	29	mr	mr	PROPN
cblr-2872	156	30	.	.	PROPN
cblr-2872	156	31	wickard	wickard	PROPN
cblr-2872	156	32	will	will	AUX
cblr-2872	156	33	pay	pay	VERB
cblr-2872	156	34	ms	ms	PROPN
cblr-2872	156	35	.	.	PROPN
cblr-2872	156	36	hamilton	hamilton	PROPN
cblr-2872	156	37	$	$	SYM
cblr-2872	156	38	500	500	NUM
cblr-2872	156	39	each	each	DET
cblr-2872	156	40	year	year	NOUN
cblr-2872	156	41	.	.	PUNCT
cblr-2872	157	1	in	in	ADP
cblr-2872	157	2	exchange	exchange	NOUN
cblr-2872	157	3	,	,	PUNCT
cblr-2872	157	4	ms	ms	PROPN
cblr-2872	157	5	.	.	PROPN
cblr-2872	157	6	hamilton	hamilton	PROPN
cblr-2872	157	7	will	will	AUX
cblr-2872	157	8	pay	pay	VERB
cblr-2872	157	9	mr	mr	PROPN
cblr-2872	157	10	.	.	PROPN
cblr-2872	157	11	wickard	wickard	PROPN
cblr-2872	157	12	the	the	DET
cblr-2872	157	13	amount	amount	NOUN
cblr-2872	157	14	(	(	PUNCT
cblr-2872	157	15	based	base	VERB
cblr-2872	157	16	on	on	ADP
cblr-2872	157	17	floating	float	VERB
cblr-2872	157	18	interest	interest	NOUN
cblr-2872	157	19	rates	rate	NOUN
cblr-2872	157	20	)	)	PUNCT
cblr-2872	157	21	that	that	SCONJ
cblr-2872	157	22	mr	mr	PROPN
cblr-2872	157	23	.	.	PROPN
cblr-2872	157	24	wickard	wickard	PROPN
cblr-2872	157	25	owes	owe	VERB
cblr-2872	157	26	on	on	ADP
cblr-2872	157	27	his	his	PRON
cblr-2872	157	28	loan	loan	NOUN
cblr-2872	157	29	.	.	PUNCT
cblr-2872	158	1	for	for	ADP
cblr-2872	158	2	example	example	NOUN
cblr-2872	158	3	,	,	PUNCT
cblr-2872	158	4	if	if	SCONJ
cblr-2872	158	5	in	in	ADP
cblr-2872	158	6	a	a	DET
cblr-2872	158	7	given	give	VERB
cblr-2872	158	8	year	year	NOUN
cblr-2872	158	9	the	the	DET
cblr-2872	158	10	prevailing	prevail	VERB
cblr-2872	158	11	interest	interest	NOUN
cblr-2872	158	12	rate	rate	NOUN
cblr-2872	158	13	is	be	AUX
cblr-2872	158	14	6	6	NUM
cblr-2872	158	15	%	%	NOUN
cblr-2872	158	16	,	,	PUNCT
cblr-2872	158	17	mr	mr	PROPN
cblr-2872	158	18	.	.	PROPN
cblr-2872	158	19	wickard	wickard	PROPN
cblr-2872	158	20	will	will	AUX
cblr-2872	158	21	owe	owe	VERB
cblr-2872	158	22	mr	mr	PROPN
cblr-2872	158	23	.	.	PROPN
cblr-2872	158	24	mcculloch	mcculloch	PROPN
cblr-2872	158	25	6	6	NUM
cblr-2872	158	26	%	%	NOUN
cblr-2872	158	27	of	of	ADP
cblr-2872	158	28	$	$	SYM
cblr-2872	158	29	10,000	10,000	NUM
cblr-2872	158	30	,	,	PUNCT
cblr-2872	158	31	or	or	CCONJ
cblr-2872	158	32	$	$	SYM
cblr-2872	158	33	600	600	NUM
cblr-2872	158	34	.	.	PUNCT
cblr-2872	159	1	if	if	SCONJ
cblr-2872	159	2	he	he	PRON
cblr-2872	159	3	has	have	AUX
cblr-2872	159	4	entered	enter	VERB
cblr-2872	159	5	into	into	ADP
cblr-2872	159	6	the	the	DET
cblr-2872	159	7	interest	interest	NOUN
cblr-2872	159	8	rate	rate	NOUN
cblr-2872	159	9	swap	swap	PROPN
cblr-2872	159	10	described	describe	VERB
cblr-2872	159	11	above	above	ADV
cblr-2872	159	12	with	with	ADP
cblr-2872	159	13	ms	ms	PROPN
cblr-2872	159	14	.	.	PROPN
cblr-2872	159	15	hamilton	hamilton	PROPN
cblr-2872	159	16	,	,	PUNCT
cblr-2872	159	17	however	however	ADV
cblr-2872	159	18	,	,	PUNCT
cblr-2872	159	19	mr	mr	PROPN
cblr-2872	159	20	.	.	PROPN
cblr-2872	159	21	wickard	wickard	PROPN
cblr-2872	159	22	would	would	AUX
cblr-2872	159	23	pay	pay	VERB
cblr-2872	159	24	$	$	SYM
cblr-2872	159	25	500	500	NUM
cblr-2872	159	26	to	to	ADP
cblr-2872	159	27	ms	ms	PROPN
cblr-2872	159	28	.	.	PROPN
cblr-2872	159	29	hamilton	hamilton	PROPN
cblr-2872	159	30	and	and	CCONJ
cblr-2872	159	31	ms	ms	PROPN
cblr-2872	159	32	.	.	PROPN
cblr-2872	159	33	hamilton	hamilton	PROPN
cblr-2872	159	34	would	would	AUX
cblr-2872	159	35	pay	pay	VERB
cblr-2872	159	36	$	$	SYM
cblr-2872	159	37	600	600	NUM
cblr-2872	159	38	to	to	ADP
cblr-2872	159	39	mr	mr	PROPN
cblr-2872	159	40	.	.	PROPN
cblr-2872	159	41	wickard	wickard	PROPN
cblr-2872	159	42	,	,	PUNCT
cblr-2872	159	43	which	which	PRON
cblr-2872	159	44	mr	mr	PROPN
cblr-2872	159	45	.	.	PROPN
cblr-2872	159	46	wickard	wickard	PROPN
cblr-2872	159	47	would	would	AUX
cblr-2872	159	48	turn	turn	VERB
cblr-2872	159	49	around	around	ADV
cblr-2872	159	50	and	and	CCONJ
cblr-2872	159	51	pay	pay	VERB
cblr-2872	159	52	to	to	ADP
cblr-2872	159	53	mr	mr	PROPN
cblr-2872	159	54	.	.	PROPN
cblr-2872	159	55	mcculloch	mcculloch	PROPN
cblr-2872	159	56	to	to	PART
cblr-2872	159	57	satisfy	satisfy	VERB
cblr-2872	159	58	his	his	PRON
cblr-2872	159	59	interest	interest	NOUN
cblr-2872	159	60	payment	payment	NOUN
cblr-2872	159	61	obligation	obligation	NOUN
cblr-2872	159	62	on	on	ADP
cblr-2872	159	63	the	the	DET
cblr-2872	159	64	loan	loan	NOUN
cblr-2872	159	65	.	.	PUNCT
cblr-2872	160	1	if	if	SCONJ
cblr-2872	160	2	,	,	PUNCT
cblr-2872	160	3	the	the	DET
cblr-2872	160	4	next	next	ADJ
cblr-2872	160	5	year	year	NOUN
cblr-2872	160	6	,	,	PUNCT
cblr-2872	160	7	the	the	DET
cblr-2872	160	8	interest	interest	NOUN
cblr-2872	160	9	rate	rate	NOUN
cblr-2872	160	10	drops	drop	VERB
cblr-2872	160	11	to	to	ADP
cblr-2872	160	12	4	4	NUM
cblr-2872	160	13	%	%	NOUN
cblr-2872	160	14	,	,	PUNCT
cblr-2872	160	15	mr	mr	PROPN
cblr-2872	160	16	.	.	PROPN
cblr-2872	160	17	wickard	wickard	PROPN
cblr-2872	160	18	would	would	AUX
cblr-2872	160	19	owe	owe	VERB
cblr-2872	160	20	mr	mr	PROPN
cblr-2872	160	21	.	.	PROPN
cblr-2872	160	22	mcculloch	mcculloch	PROPN
cblr-2872	160	23	only	only	ADV
cblr-2872	160	24	$	$	SYM
cblr-2872	160	25	400	400	NUM
cblr-2872	160	26	.	.	PUNCT
cblr-2872	161	1	under	under	ADP
cblr-2872	161	2	the	the	DET
cblr-2872	161	3	interest	interest	NOUN
cblr-2872	161	4	rate	rate	NOUN
cblr-2872	161	5	swap	swap	NOUN
cblr-2872	161	6	,	,	PUNCT
cblr-2872	161	7	however	however	ADV
cblr-2872	161	8	,	,	PUNCT
cblr-2872	161	9	mr	mr	PROPN
cblr-2872	161	10	.	.	PROPN
cblr-2872	161	11	wickard	wickard	PROPN
cblr-2872	161	12	would	would	AUX
cblr-2872	161	13	pay	pay	VERB
cblr-2872	161	14	$	$	SYM
cblr-2872	161	15	500	500	NUM
cblr-2872	161	16	to	to	ADP
cblr-2872	161	17	ms	ms	PROPN
cblr-2872	161	18	.	.	PROPN
cblr-2872	161	19	hamilton	hamilton	PROPN
cblr-2872	161	20	and	and	CCONJ
cblr-2872	161	21	ms	ms	PROPN
cblr-2872	161	22	.	.	PROPN
cblr-2872	161	23	hamilton	hamilton	PROPN
cblr-2872	161	24	would	would	AUX
cblr-2872	161	25	pay	pay	VERB
cblr-2872	161	26	$	$	SYM
cblr-2872	161	27	400	400	NUM
cblr-2872	161	28	to	to	ADP
cblr-2872	161	29	mr	mr	PROPN
cblr-2872	161	30	.	.	PROPN
cblr-2872	161	31	wickard	wickard	PROPN
cblr-2872	161	32	,	,	PUNCT
cblr-2872	161	33	which	which	PRON
cblr-2872	161	34	mr	mr	PROPN
cblr-2872	161	35	.	.	PROPN
cblr-2872	161	36	no	no	PROPN
cblr-2872	161	37	.	.	PUNCT
cblr-2872	162	1	3:667	3:667	NUM
cblr-2872	162	2	]	]	PUNCT
cblr-2872	162	3	679	679	NUM
cblr-2872	162	4	columbia	columbia	PROPN
cblr-2872	162	5	business	business	NOUN
cblr-2872	162	6	law	law	PROPN
cblr-2872	162	7	review	review	NOUN
cblr-2872	162	8	wickard	wickard	NOUN
cblr-2872	162	9	would	would	AUX
cblr-2872	162	10	turn	turn	VERB
cblr-2872	162	11	around	around	ADV
cblr-2872	162	12	and	and	CCONJ
cblr-2872	162	13	pay	pay	VERB
cblr-2872	162	14	to	to	ADP
cblr-2872	162	15	mr	mr	PROPN
cblr-2872	162	16	.	.	PROPN
cblr-2872	162	17	mcculloch	mcculloch	PROPN
cblr-2872	162	18	to	to	PART
cblr-2872	162	19	satisfy	satisfy	VERB
cblr-2872	162	20	his	his	PRON
cblr-2872	162	21	interest	interest	NOUN
cblr-2872	162	22	payment	payment	NOUN
cblr-2872	162	23	obligation	obligation	NOUN
cblr-2872	162	24	on	on	ADP
cblr-2872	162	25	the	the	DET
cblr-2872	162	26	loan	loan	NOUN
cblr-2872	162	27	.	.	PUNCT
cblr-2872	163	1	thus	thus	ADV
cblr-2872	163	2	,	,	PUNCT
cblr-2872	163	3	by	by	ADP
cblr-2872	163	4	swapping	swap	VERB
cblr-2872	163	5	his	his	PRON
cblr-2872	163	6	stream	stream	NOUN
cblr-2872	163	7	of	of	ADP
cblr-2872	163	8	floating	float	VERB
cblr-2872	163	9	interest	interest	NOUN
cblr-2872	163	10	rate	rate	NOUN
cblr-2872	163	11	payment	payment	NOUN
cblr-2872	163	12	obligations	obligation	NOUN
cblr-2872	163	13	for	for	ADP
cblr-2872	163	14	a	a	DET
cblr-2872	163	15	stream	stream	NOUN
cblr-2872	163	16	of	of	ADP
cblr-2872	163	17	fixed	fix	VERB
cblr-2872	163	18	payment	payment	NOUN
cblr-2872	163	19	obligations	obligation	NOUN
cblr-2872	163	20	,	,	PUNCT
cblr-2872	163	21	mr	mr	PROPN
cblr-2872	163	22	.	.	PROPN
cblr-2872	163	23	wickard	wickard	PROPN
cblr-2872	163	24	has	have	AUX
cblr-2872	163	25	again	again	ADV
cblr-2872	163	26	removed	remove	VERB
cblr-2872	163	27	a	a	DET
cblr-2872	163	28	risk	risk	NOUN
cblr-2872	163	29	that	that	PRON
cblr-2872	163	30	would	would	AUX
cblr-2872	163	31	otherwise	otherwise	ADV
cblr-2872	163	32	have	have	AUX
cblr-2872	163	33	made	make	VERB
cblr-2872	163	34	him	he	PRON
cblr-2872	163	35	unsure	unsure	ADJ
cblr-2872	163	36	about	about	ADP
cblr-2872	163	37	future	future	ADJ
cblr-2872	163	38	payment	payment	NOUN
cblr-2872	163	39	obligations	obligation	NOUN
cblr-2872	163	40	.	.	PUNCT
cblr-2872	164	1	14	14	NUM
cblr-2872	164	2	as	as	ADP
cblr-2872	164	3	in	in	ADP
cblr-2872	164	4	the	the	DET
cblr-2872	164	5	futures	future	NOUN
cblr-2872	164	6	example	example	NOUN
cblr-2872	164	7	,	,	PUNCT
cblr-2872	164	8	despite	despite	SCONJ
cblr-2872	164	9	the	the	DET
cblr-2872	164	10	potential	potential	NOUN
cblr-2872	164	11	for	for	ADP
cblr-2872	164	12	benefit	benefit	NOUN
cblr-2872	164	13	or	or	CCONJ
cblr-2872	164	14	loss	loss	NOUN
cblr-2872	164	15	to	to	ADP
cblr-2872	164	16	mr	mr	PROPN
cblr-2872	164	17	.	.	PROPN
cblr-2872	164	18	wickard	wickard	PROPN
cblr-2872	164	19	ex	ex	X
cblr-2872	164	20	post	post	NOUN
cblr-2872	164	21	,	,	PUNCT
cblr-2872	164	22	the	the	DET
cblr-2872	164	23	swap	swap	NOUN
cblr-2872	164	24	arrangement	arrangement	NOUN
cblr-2872	164	25	would	would	AUX
cblr-2872	164	26	benefit	benefit	VERB
cblr-2872	164	27	him	he	PRON
cblr-2872	164	28	ex	ex	PRON
cblr-2872	164	29	ante	ante	NOUN
cblr-2872	164	30	because	because	SCONJ
cblr-2872	164	31	of	of	ADP
cblr-2872	164	32	the	the	DET
cblr-2872	164	33	certainty	certainty	NOUN
cblr-2872	164	34	it	it	PRON
cblr-2872	164	35	provides	provide	VERB
cblr-2872	164	36	:	:	PUNCT
cblr-2872	164	37	mr	mr	PROPN
cblr-2872	164	38	.	.	PROPN
cblr-2872	164	39	wickard	wickard	PROPN
cblr-2872	164	40	can	can	AUX
cblr-2872	164	41	plan	plan	VERB
cblr-2872	164	42	his	his	PRON
cblr-2872	164	43	construction	construction	NOUN
cblr-2872	164	44	costs	cost	NOUN
cblr-2872	164	45	based	base	VERB
cblr-2872	164	46	on	on	ADP
cblr-2872	164	47	a	a	DET
cblr-2872	164	48	certain	certain	ADJ
cblr-2872	164	49	price	price	NOUN
cblr-2872	164	50	of	of	ADP
cblr-2872	164	51	financing	financing	NOUN
cblr-2872	164	52	.	.	PUNCT
cblr-2872	165	1	ms	ms	PROPN
cblr-2872	165	2	.	.	PROPN
cblr-2872	165	3	hamilton	hamilton	PROPN
cblr-2872	165	4	is	be	AUX
cblr-2872	165	5	willing	willing	ADJ
cblr-2872	165	6	to	to	PART
cblr-2872	165	7	enter	enter	VERB
cblr-2872	165	8	into	into	ADP
cblr-2872	165	9	this	this	DET
cblr-2872	165	10	contract	contract	NOUN
cblr-2872	165	11	because	because	SCONJ
cblr-2872	165	12	she	she	PRON
cblr-2872	165	13	will	will	AUX
cblr-2872	165	14	charge	charge	VERB
cblr-2872	165	15	mr	mr	PROPN
cblr-2872	165	16	.	.	PROPN
cblr-2872	165	17	wickard	wickard	PROPN
cblr-2872	165	18	slightly	slightly	ADV
cblr-2872	165	19	more	more	ADV
cblr-2872	165	20	than	than	SCONJ
cblr-2872	165	21	she	she	PRON
cblr-2872	165	22	expects	expect	VERB
cblr-2872	165	23	to	to	PART
cblr-2872	165	24	pay	pay	VERB
cblr-2872	165	25	on	on	ADP
cblr-2872	165	26	average	average	ADJ
cblr-2872	165	27	,	,	PUNCT
cblr-2872	165	28	and	and	CCONJ
cblr-2872	165	29	she	she	PRON
cblr-2872	165	30	will	will	AUX
cblr-2872	165	31	mitigate	mitigate	VERB
cblr-2872	165	32	her	her	PRON
cblr-2872	165	33	own	own	ADJ
cblr-2872	165	34	interest	interest	NOUN
cblr-2872	165	35	rate	rate	NOUN
cblr-2872	165	36	risk	risk	NOUN
cblr-2872	165	37	by	by	ADP
cblr-2872	165	38	entering	enter	VERB
cblr-2872	165	39	into	into	ADP
cblr-2872	165	40	other	other	ADJ
cblr-2872	165	41	contracts	contract	NOUN
cblr-2872	165	42	with	with	ADP
cblr-2872	165	43	other	other	ADJ
cblr-2872	165	44	parties	party	NOUN
cblr-2872	165	45	.	.	PUNCT
cblr-2872	166	1	3	3	X
cblr-2872	166	2	.	.	X
cblr-2872	166	3	economic	economic	ADJ
cblr-2872	166	4	comparison	comparison	NOUN
cblr-2872	166	5	of	of	ADP
cblr-2872	166	6	futures	future	NOUN
cblr-2872	166	7	and	and	CCONJ
cblr-2872	166	8	swaps	swap	NOUN
cblr-2872	166	9	mr	mr	PROPN
cblr-2872	166	10	.	.	PROPN
cblr-2872	166	11	filburn	filburn	PROPN
cblr-2872	166	12	and	and	CCONJ
cblr-2872	166	13	mr	mr	PROPN
cblr-2872	166	14	.	.	PROPN
cblr-2872	166	15	wickard	wickard	PROPN
cblr-2872	166	16	's	's	PART
cblr-2872	166	17	cash	cash	NOUN
cblr-2872	166	18	-	-	PUNCT
cblr-2872	166	19	settled	settle	VERB
cblr-2872	166	20	futures	future	NOUN
cblr-2872	166	21	contract	contract	NOUN
cblr-2872	166	22	on	on	ADP
cblr-2872	166	23	the	the	DET
cblr-2872	166	24	price	price	NOUN
cblr-2872	166	25	of	of	ADP
cblr-2872	166	26	wheat	wheat	NOUN
cblr-2872	166	27	and	and	CCONJ
cblr-2872	166	28	mr	mr	PROPN
cblr-2872	166	29	.	.	PROPN
cblr-2872	166	30	wickard	wickard	PROPN
cblr-2872	166	31	and	and	CCONJ
cblr-2872	166	32	ms	ms	PROPN
cblr-2872	166	33	.	.	PROPN
cblr-2872	166	34	hamilton	hamilton	PROPN
cblr-2872	166	35	's	's	PART
cblr-2872	166	36	interest	interest	NOUN
cblr-2872	166	37	rate	rate	NOUN
cblr-2872	166	38	swap	swap	NOUN
cblr-2872	166	39	raise	raise	VERB
cblr-2872	166	40	an	an	DET
cblr-2872	166	41	important	important	ADJ
cblr-2872	166	42	question	question	NOUN
cblr-2872	166	43	:	:	PUNCT
cblr-2872	166	44	what	what	PRON
cblr-2872	166	45	is	be	AUX
cblr-2872	166	46	the	the	DET
cblr-2872	166	47	difference	difference	NOUN
cblr-2872	166	48	between	between	ADP
cblr-2872	166	49	a	a	DET
cblr-2872	166	50	futures	future	NOUN
cblr-2872	166	51	contract	contract	NOUN
cblr-2872	166	52	and	and	CCONJ
cblr-2872	166	53	a	a	DET
cblr-2872	166	54	swap	swap	NOUN
cblr-2872	166	55	?	?	PUNCT
cblr-2872	167	1	both	both	DET
cblr-2872	167	2	contracts	contract	NOUN
cblr-2872	167	3	were	be	AUX
cblr-2872	167	4	used	use	VERB
cblr-2872	167	5	to	to	PART
cblr-2872	167	6	transfer	transfer	VERB
cblr-2872	167	7	price	price	NOUN
cblr-2872	167	8	risk	risk	NOUN
cblr-2872	167	9	-	-	PUNCT
cblr-2872	167	10	the	the	DET
cblr-2872	167	11	risk	risk	NOUN
cblr-2872	167	12	of	of	ADP
cblr-2872	167	13	changes	change	NOUN
cblr-2872	167	14	to	to	ADP
cblr-2872	167	15	the	the	DET
cblr-2872	167	16	price	price	NOUN
cblr-2872	167	17	of	of	ADP
cblr-2872	167	18	wheat	wheat	NOUN
cblr-2872	167	19	and	and	CCONJ
cblr-2872	167	20	the	the	DET
cblr-2872	167	21	risk	risk	NOUN
cblr-2872	167	22	of	of	ADP
cblr-2872	167	23	changes	change	NOUN
cblr-2872	167	24	to	to	ADP
cblr-2872	167	25	interest	interest	NOUN
cblr-2872	167	26	rates	rate	NOUN
cblr-2872	167	27	-	-	PUNCT
cblr-2872	167	28	away	away	ADV
cblr-2872	167	29	from	from	ADP
cblr-2872	167	30	one	one	NUM
cblr-2872	167	31	party	party	NOUN
cblr-2872	167	32	to	to	ADP
cblr-2872	167	33	the	the	DET
cblr-2872	167	34	other	other	ADJ
cblr-2872	167	35	.	.	PUNCT
cblr-2872	168	1	consider	consider	VERB
cblr-2872	168	2	mr	mr	PROPN
cblr-2872	168	3	.	.	PROPN
cblr-2872	168	4	wickard	wickard	PROPN
cblr-2872	168	5	's	's	PART
cblr-2872	168	6	problem	problem	NOUN
cblr-2872	168	7	of	of	ADP
cblr-2872	168	8	hedging	hedge	VERB
cblr-2872	168	9	the	the	DET
cblr-2872	168	10	floating	float	VERB
cblr-2872	168	11	interest	interest	NOUN
cblr-2872	168	12	rate	rate	NOUN
cblr-2872	168	13	obligation	obligation	NOUN
cblr-2872	168	14	he	he	PRON
cblr-2872	168	15	has	have	AUX
cblr-2872	168	16	incurred	incur	VERB
cblr-2872	168	17	under	under	ADP
cblr-2872	168	18	the	the	DET
cblr-2872	168	19	loan	loan	NOUN
cblr-2872	168	20	from	from	ADP
cblr-2872	168	21	mr	mr	PROPN
cblr-2872	168	22	.	.	PROPN
cblr-2872	168	23	mcculloch	mcculloch	PROPN
cblr-2872	168	24	.	.	PUNCT
cblr-2872	169	1	rather	rather	ADV
cblr-2872	169	2	than	than	ADP
cblr-2872	169	3	entering	enter	VERB
cblr-2872	169	4	into	into	ADP
cblr-2872	169	5	the	the	DET
cblr-2872	169	6	interest	interest	NOUN
cblr-2872	169	7	rate	rate	NOUN
cblr-2872	169	8	swap	swap	NOUN
cblr-2872	169	9	with	with	ADP
cblr-2872	169	10	ms	ms	PROPN
cblr-2872	169	11	.	.	PROPN
cblr-2872	169	12	hamilton	hamilton	PROPN
cblr-2872	169	13	to	to	PART
cblr-2872	169	14	convert	convert	VERB
cblr-2872	169	15	his	his	PRON
cblr-2872	169	16	floating	float	VERB
cblr-2872	169	17	rate	rate	NOUN
cblr-2872	169	18	obligation	obligation	NOUN
cblr-2872	169	19	under	under	ADP
cblr-2872	169	20	the	the	DET
cblr-2872	169	21	loan	loan	NOUN
cblr-2872	169	22	into	into	ADP
cblr-2872	169	23	a	a	DET
cblr-2872	169	24	fixed	fix	VERB
cblr-2872	169	25	rate	rate	NOUN
cblr-2872	169	26	obligation	obligation	NOUN
cblr-2872	169	27	,	,	PUNCT
cblr-2872	169	28	mr	mr	PROPN
cblr-2872	169	29	.	.	PROPN
cblr-2872	169	30	wickard	wickard	PROPN
cblr-2872	169	31	could	could	AUX
cblr-2872	169	32	have	have	AUX
cblr-2872	169	33	entered	enter	VERB
cblr-2872	169	34	into	into	ADP
cblr-2872	169	35	a	a	DET
cblr-2872	169	36	series	series	NOUN
cblr-2872	169	37	of	of	ADP
cblr-2872	169	38	floating	float	VERB
cblr-2872	169	39	rate	rate	NOUN
cblr-2872	169	40	interest	interest	NOUN
cblr-2872	169	41	rate	rate	NOUN
cblr-2872	169	42	futures	future	NOUN
cblr-2872	169	43	contracts	contract	NOUN
cblr-2872	169	44	(	(	PUNCT
cblr-2872	169	45	one	one	NUM
cblr-2872	169	46	for	for	ADP
cblr-2872	169	47	each	each	DET
cblr-2872	169	48	interest	interest	NOUN
cblr-2872	169	49	payment	payment	NOUN
cblr-2872	169	50	date	date	NOUN
cblr-2872	169	51	)	)	PUNCT
cblr-2872	169	52	that	that	PRON
cblr-2872	169	53	would	would	AUX
cblr-2872	169	54	pay	pay	VERB
cblr-2872	169	55	him	he	PRON
cblr-2872	169	56	an	an	DET
cblr-2872	169	57	amount	amount	NOUN
cblr-2872	169	58	based	base	VERB
cblr-2872	169	59	on	on	ADP
cblr-2872	169	60	the	the	DET
cblr-2872	169	61	movement	movement	NOUN
cblr-2872	169	62	in	in	ADP
cblr-2872	169	63	the	the	DET
cblr-2872	169	64	prevailing	prevail	VERB
cblr-2872	169	65	interest	interest	NOUN
cblr-2872	169	66	rate	rate	NOUN
cblr-2872	169	67	between	between	ADP
cblr-2872	169	68	the	the	DET
cblr-2872	169	69	date	date	NOUN
cblr-2872	169	70	on	on	ADP
cblr-2872	169	71	which	which	PRON
cblr-2872	169	72	he	he	PRON
cblr-2872	169	73	entered	enter	VERB
cblr-2872	169	74	into	into	ADP
cblr-2872	169	75	the	the	DET
cblr-2872	169	76	contract	contract	NOUN
cblr-2872	169	77	and	and	CCONJ
cblr-2872	169	78	the	the	DET
cblr-2872	169	79	date	date	NOUN
cblr-2872	169	80	on	on	ADP
cblr-2872	169	81	which	which	PRON
cblr-2872	169	82	the	the	DET
cblr-2872	169	83	contract	contract	NOUN
cblr-2872	169	84	is	be	AUX
cblr-2872	169	85	settled	settle	VERB
cblr-2872	169	86	.	.	PUNCT
cblr-2872	170	1	for	for	ADP
cblr-2872	170	2	example	example	NOUN
cblr-2872	170	3	,	,	PUNCT
cblr-2872	170	4	if	if	SCONJ
cblr-2872	170	5	the	the	DET
cblr-2872	170	6	floating	float	VERB
cblr-2872	170	7	rate	rate	NOUN
cblr-2872	170	8	payments	payment	NOUN
cblr-2872	170	9	under	under	ADP
cblr-2872	170	10	14	14	NUM
cblr-2872	170	11	see	see	NOUN
cblr-2872	170	12	hu	hu	PROPN
cblr-2872	170	13	,	,	PUNCT
cblr-2872	170	14	supra	supra	PROPN
cblr-2872	170	15	note	note	PROPN
cblr-2872	170	16	1	1	NUM
cblr-2872	170	17	,	,	PUNCT
cblr-2872	170	18	at	at	ADP
cblr-2872	170	19	1467	1467	NUM
cblr-2872	170	20	(	(	PUNCT
cblr-2872	170	21	"	"	PUNCT
cblr-2872	170	22	in	in	ADP
cblr-2872	170	23	a	a	DET
cblr-2872	170	24	swap	swap	NOUN
cblr-2872	170	25	,	,	PUNCT
cblr-2872	170	26	one	one	NUM
cblr-2872	170	27	party	party	NOUN
cblr-2872	170	28	agrees	agree	VERB
cblr-2872	170	29	to	to	PART
cblr-2872	170	30	provide	provide	VERB
cblr-2872	170	31	a	a	DET
cblr-2872	170	32	sequence	sequence	NOUN
cblr-2872	170	33	of	of	ADP
cblr-2872	170	34	cash	cash	NOUN
cblr-2872	170	35	flows	flow	NOUN
cblr-2872	170	36	and	and	CCONJ
cblr-2872	170	37	in	in	ADP
cblr-2872	170	38	return	return	NOUN
cblr-2872	170	39	the	the	DET
cblr-2872	170	40	other	other	ADJ
cblr-2872	170	41	party	party	NOUN
cblr-2872	170	42	provides	provide	VERB
cblr-2872	170	43	a	a	DET
cblr-2872	170	44	different	different	ADJ
cblr-2872	170	45	sequence	sequence	NOUN
cblr-2872	170	46	of	of	ADP
cblr-2872	170	47	cash	cash	NOUN
cblr-2872	170	48	flows	flow	NOUN
cblr-2872	170	49	.	.	PUNCT
cblr-2872	170	50	"	"	PUNCT
cblr-2872	170	51	)	)	PUNCT
cblr-2872	170	52	.	.	PUNCT
cblr-2872	171	1	680	680	NUM
cblr-2872	172	1	[	[	X
cblr-2872	172	2	vol	vol	NOUN
cblr-2872	172	3	.	.	PUNCT
cblr-2872	172	4	2013	2013	NUM
cblr-2872	173	1	the	the	DET
cblr-2872	173	2	loan	loan	NOUN
cblr-2872	173	3	fluctuated	fluctuate	VERB
cblr-2872	173	4	based	base	VERB
cblr-2872	173	5	on	on	ADP
cblr-2872	173	6	the	the	DET
cblr-2872	173	7	interest	interest	NOUN
cblr-2872	173	8	rate	rate	NOUN
cblr-2872	173	9	for	for	ADP
cblr-2872	173	10	ten	ten	NUM
cblr-2872	173	11	-	-	PUNCT
cblr-2872	173	12	year	year	NOUN
cblr-2872	173	13	u.s	u.s	PROPN
cblr-2872	173	14	.	.	PROPN
cblr-2872	173	15	treasury	treasury	PROPN
cblr-2872	173	16	notes	note	NOUN
cblr-2872	173	17	,	,	PUNCT
cblr-2872	173	18	mr	mr	PROPN
cblr-2872	173	19	.	.	PROPN
cblr-2872	173	20	wickard	wickard	PROPN
cblr-2872	173	21	could	could	AUX
cblr-2872	173	22	enter	enter	VERB
cblr-2872	173	23	into	into	ADP
cblr-2872	173	24	a	a	DET
cblr-2872	173	25	series	series	NOUN
cblr-2872	173	26	of	of	ADP
cblr-2872	173	27	ten	ten	NUM
cblr-2872	173	28	-	-	PUNCT
cblr-2872	173	29	year	year	NOUN
cblr-2872	173	30	u.s	u.s	PROPN
cblr-2872	173	31	.	.	PROPN
cblr-2872	173	32	treasury	treasury	PROPN
cblr-2872	173	33	note	note	PROPN
cblr-2872	173	34	futures	future	NOUN
cblr-2872	173	35	contracts	contract	NOUN
cblr-2872	173	36	,	,	PUNCT
cblr-2872	173	37	such	such	ADJ
cblr-2872	173	38	as	as	ADP
cblr-2872	173	39	those	those	PRON
cblr-2872	173	40	offered	offer	VERB
cblr-2872	173	41	by	by	ADP
cblr-2872	173	42	the	the	DET
cblr-2872	173	43	cme.15	cme.15	NOUN
cblr-2872	173	44	the	the	DET
cblr-2872	173	45	chart	chart	NOUN
cblr-2872	173	46	below	below	ADV
cblr-2872	173	47	compares	compare	VERB
cblr-2872	173	48	the	the	DET
cblr-2872	173	49	mechanics	mechanic	NOUN
cblr-2872	173	50	and	and	CCONJ
cblr-2872	173	51	results	result	NOUN
cblr-2872	173	52	of	of	ADP
cblr-2872	173	53	the	the	DET
cblr-2872	173	54	futures	future	NOUN
cblr-2872	173	55	strategy	strategy	NOUN
cblr-2872	173	56	and	and	CCONJ
cblr-2872	173	57	the.interest	the.inter	ADJ
cblr-2872	173	58	rate	rate	NOUN
cblr-2872	173	59	swap	swap	NOUN
cblr-2872	173	60	strategy	strategy	NOUN
cblr-2872	173	61	mr	mr	PROPN
cblr-2872	173	62	.	.	PROPN
cblr-2872	173	63	wickard	wickard	PROPN
cblr-2872	173	64	used	use	VERB
cblr-2872	173	65	in	in	ADP
cblr-2872	173	66	the	the	DET
cblr-2872	173	67	example	example	NOUN
cblr-2872	173	68	above	above	ADV
cblr-2872	173	69	.	.	PUNCT
cblr-2872	174	1	we	we	PRON
cblr-2872	174	2	describe	describe	VERB
cblr-2872	174	3	these	these	DET
cblr-2872	174	4	strategies	strategy	NOUN
cblr-2872	174	5	in	in	ADP
cblr-2872	174	6	the	the	DET
cblr-2872	174	7	same	same	ADJ
cblr-2872	174	8	two	two	NUM
cblr-2872	174	9	scenarios	scenario	NOUN
cblr-2872	174	10	faced	face	VERB
cblr-2872	174	11	by	by	ADP
cblr-2872	174	12	mr	mr	PROPN
cblr-2872	174	13	.	.	PROPN
cblr-2872	174	14	wickard	wickard	PROPN
cblr-2872	174	15	in	in	ADP
cblr-2872	174	16	the	the	DET
cblr-2872	174	17	example	example	NOUN
cblr-2872	174	18	above	above	ADP
cblr-2872	174	19	-	-	PUNCT
cblr-2872	174	20	where	where	SCONJ
cblr-2872	174	21	the	the	DET
cblr-2872	174	22	interest	interest	NOUN
cblr-2872	174	23	rate	rate	NOUN
cblr-2872	174	24	on	on	ADP
cblr-2872	174	25	the	the	DET
cblr-2872	174	26	loan	loan	NOUN
cblr-2872	174	27	is	be	AUX
cblr-2872	174	28	6	6	NUM
cblr-2872	174	29	%	%	NOUN
cblr-2872	174	30	and	and	CCONJ
cblr-2872	174	31	where	where	SCONJ
cblr-2872	174	32	the	the	DET
cblr-2872	174	33	interest	interest	NOUN
cblr-2872	174	34	rate	rate	NOUN
cblr-2872	174	35	on	on	ADP
cblr-2872	174	36	the	the	DET
cblr-2872	174	37	loan	loan	NOUN
cblr-2872	174	38	is	be	AUX
cblr-2872	174	39	4	4	NUM
cblr-2872	174	40	%	%	NOUN
cblr-2872	174	41	.	.	PUNCT
cblr-2872	175	1	interest	interest	NOUN
cblr-2872	175	2	rate	rate	NOUN
cblr-2872	175	3	futures	future	NOUN
cblr-2872	175	4	strategy	strategy	NOUN
cblr-2872	175	5	interest	interest	NOUN
cblr-2872	175	6	rate	rate	NOUN
cblr-2872	175	7	swap	swap	NOUN
cblr-2872	175	8	strategy	strategy	NOUN
cblr-2872	175	9	futures	future	NOUN
cblr-2872	175	10	contract	contract	NOUN
cblr-2872	175	11	:	:	PUNCT
cblr-2872	175	12	mr	mr	PROPN
cblr-2872	175	13	.	.	PROPN
cblr-2872	175	14	wickard	wickard	PROPN
cblr-2872	175	15	receives	receive	VERB
cblr-2872	175	16	a	a	DET
cblr-2872	175	17	payment	payment	NOUN
cblr-2872	175	18	on	on	ADP
cblr-2872	175	19	the	the	DET
cblr-2872	175	20	futures	future	NOUN
cblr-2872	175	21	contract	contract	NOUN
cblr-2872	175	22	representing	represent	VERB
cblr-2872	175	23	the	the	DET
cblr-2872	175	24	1	1	NUM
cblr-2872	175	25	%	%	NOUN
cblr-2872	175	26	increase	increase	NOUN
cblr-2872	175	27	in	in	ADP
cblr-2872	175	28	floating	float	VERB
cblr-2872	175	29	interest	interest	NOUN
cblr-2872	175	30	rates	rate	NOUN
cblr-2872	175	31	(	(	PUNCT
cblr-2872	175	32	$	$	SYM
cblr-2872	175	33	10,000	10,000	NUM
cblr-2872	175	34	*	*	SYM
cblr-2872	175	35	1	1	NUM
cblr-2872	175	36	%	%	NOUN
cblr-2872	175	37	$	$	SYM
cblr-2872	175	38	100	100	NUM
cblr-2872	175	39	payment	payment	NOUN
cblr-2872	175	40	to	to	ADP
cblr-2872	175	41	mr	mr	PROPN
cblr-2872	175	42	.	.	PROPN
cblr-2872	175	43	wickard	wickard	PROPN
cblr-2872	175	44	)	)	PUNCT
cblr-2872	175	45	loan	loan	NOUN
cblr-2872	175	46	interest	interest	NOUN
cblr-2872	175	47	payment	payment	NOUN
cblr-2872	175	48	to	to	ADP
cblr-2872	175	49	mr	mr	PROPN
cblr-2872	175	50	.	.	PROPN
cblr-2872	175	51	mcculloch	mcculloch	PROPN
cblr-2872	175	52	:	:	PUNCT
cblr-2872	175	53	mr	mr	PROPN
cblr-2872	175	54	.	.	PROPN
cblr-2872	175	55	wickard	wickard	PROPN
cblr-2872	175	56	makes	make	VERB
cblr-2872	175	57	an	an	DET
cblr-2872	175	58	interest	interest	NOUN
cblr-2872	175	59	rate	rate	NOUN
cblr-2872	175	60	payment	payment	NOUN
cblr-2872	175	61	to	to	ADP
cblr-2872	175	62	mr	mr	PROPN
cblr-2872	175	63	.	.	PROPN
cblr-2872	175	64	mcculloch	mcculloch	PROPN
cblr-2872	175	65	representing	represent	VERB
cblr-2872	175	66	the	the	DET
cblr-2872	175	67	6	6	NUM
cblr-2872	175	68	%	%	NOUN
cblr-2872	175	69	prevailing	prevailing	ADJ
cblr-2872	175	70	interest	interest	NOUN
cblr-2872	175	71	rate	rate	NOUN
cblr-2872	175	72	(	(	PUNCT
cblr-2872	175	73	$	$	SYM
cblr-2872	175	74	10,000	10,000	NUM
cblr-2872	175	75	*	*	SYM
cblr-2872	175	76	6	6	NUM
cblr-2872	175	77	%	%	NOUN
cblr-2872	175	78	=	=	NOUN
cblr-2872	175	79	$	$	SYM
cblr-2872	175	80	600	600	NUM
cblr-2872	175	81	payment	payment	NOUN
cblr-2872	175	82	by	by	ADP
cblr-2872	175	83	mr	mr	PROPN
cblr-2872	175	84	.	.	PROPN
cblr-2872	175	85	wickard	wickard	PROPN
cblr-2872	175	86	)	)	PUNCT
cblr-2872	176	1	mr	mr	PROPN
cblr-2872	176	2	.	.	PROPN
cblr-2872	176	3	wickard	wickard	PROPN
cblr-2872	176	4	's	's	PART
cblr-2872	176	5	net	net	ADJ
cblr-2872	176	6	payment	payment	NOUN
cblr-2872	176	7	:	:	PUNCT
cblr-2872	176	8	(	(	PUNCT
cblr-2872	176	9	$	$	SYM
cblr-2872	176	10	100	100	NUM
cblr-2872	176	11	payment	payment	NOUN
cblr-2872	176	12	to	to	ADP
cblr-2872	176	13	mr	mr	PROPN
cblr-2872	176	14	.	.	PROPN
cblr-2872	176	15	wickard	wickard	PROPN
cblr-2872	176	16	)	)	PUNCT
cblr-2872	177	1	+	+	CCONJ
cblr-2872	177	2	(	(	PUNCT
cblr-2872	177	3	$	$	SYM
cblr-2872	177	4	600	600	NUM
cblr-2872	177	5	payment	payment	NOUN
cblr-2872	177	6	from	from	ADP
cblr-2872	177	7	mr	mr	PROPN
cblr-2872	177	8	.	.	PROPN
cblr-2872	177	9	wickard	wickard	PROPN
cblr-2872	177	10	)	)	PUNCT
cblr-2872	178	1	=	=	PUNCT
cblr-2872	178	2	$	$	SYM
cblr-2872	178	3	500	500	NUM
cblr-2872	178	4	payment	payment	NOUN
cblr-2872	178	5	by	by	ADP
cblr-2872	178	6	mr	mr	PROPN
cblr-2872	178	7	.	.	PROPN
cblr-2872	178	8	wickard	wickard	PROPN
cblr-2872	178	9	interest	interest	PROPN
cblr-2872	178	10	rate	rate	PROPN
cblr-2872	178	11	swap	swap	NOUN
cblr-2872	178	12	contract	contract	NOUN
cblr-2872	178	13	:	:	PUNCT
cblr-2872	178	14	mr	mr	PROPN
cblr-2872	178	15	.	.	PROPN
cblr-2872	178	16	wickard	wickard	PROPN
cblr-2872	178	17	receives	receive	VERB
cblr-2872	178	18	a	a	DET
cblr-2872	178	19	payment	payment	NOUN
cblr-2872	178	20	representing	represent	VERB
cblr-2872	178	21	the	the	DET
cblr-2872	178	22	difference	difference	NOUN
cblr-2872	178	23	between	between	ADP
cblr-2872	178	24	the	the	DET
cblr-2872	178	25	6	6	NUM
cblr-2872	178	26	%	%	NOUN
cblr-2872	178	27	floating	float	VERB
cblr-2872	178	28	interest	interest	NOUN
cblr-2872	178	29	rate	rate	NOUN
cblr-2872	178	30	owed	owe	VERB
cblr-2872	178	31	to	to	ADP
cblr-2872	178	32	mr	mr	PROPN
cblr-2872	178	33	.	.	PROPN
cblr-2872	178	34	wickard	wickard	PROPN
cblr-2872	178	35	and	and	CCONJ
cblr-2872	178	36	the	the	DET
cblr-2872	178	37	5	5	NUM
cblr-2872	178	38	%	%	NOUN
cblr-2872	178	39	fixed	fix	VERB
cblr-2872	178	40	interest	interest	NOUN
cblr-2872	178	41	rate	rate	NOUN
cblr-2872	178	42	owed	owe	VERB
cblr-2872	178	43	by	by	ADP
cblr-2872	178	44	mr	mr	PROPN
cblr-2872	178	45	.	.	PROPN
cblr-2872	178	46	wickard	wickard	PROPN
cblr-2872	178	47	(	(	PUNCT
cblr-2872	178	48	$	$	SYM
cblr-2872	178	49	10,000	10,000	NUM
cblr-2872	178	50	*	*	PUNCT
cblr-2872	179	1	[	[	X
cblr-2872	179	2	6	6	NUM
cblr-2872	179	3	%	%	NOUN
cblr-2872	179	4	5	5	NUM
cblr-2872	179	5	%	%	NOUN
cblr-2872	179	6	]	]	X
cblr-2872	179	7	=	=	PUNCT
cblr-2872	179	8	$	$	SYM
cblr-2872	179	9	10,000	10,000	NUM
cblr-2872	179	10	*	*	SYM
cblr-2872	179	11	1	1	NUM
cblr-2872	179	12	%	%	NOUN
cblr-2872	179	13	=	=	NOUN
cblr-2872	179	14	$	$	SYM
cblr-2872	179	15	100	100	NUM
cblr-2872	179	16	payment	payment	NOUN
cblr-2872	179	17	to	to	ADP
cblr-2872	179	18	mr	mr	PROPN
cblr-2872	179	19	.	.	PROPN
cblr-2872	179	20	wickard	wickard	PROPN
cblr-2872	179	21	)	)	PUNCT
cblr-2872	179	22	loan	loan	NOUN
cblr-2872	179	23	interest	interest	NOUN
cblr-2872	179	24	payment	payment	NOUN
cblr-2872	179	25	to	to	ADP
cblr-2872	179	26	mr	mr	PROPN
cblr-2872	179	27	.	.	PROPN
cblr-2872	179	28	mcculloch	mcculloch	PROPN
cblr-2872	179	29	:	:	PUNCT
cblr-2872	180	1	mr	mr	PROPN
cblr-2872	180	2	.	.	PROPN
cblr-2872	180	3	wickard	wickard	PROPN
cblr-2872	180	4	makes	make	VERB
cblr-2872	180	5	an	an	DET
cblr-2872	180	6	interest	interest	NOUN
cblr-2872	180	7	rate	rate	NOUN
cblr-2872	180	8	payment	payment	NOUN
cblr-2872	180	9	to	to	ADP
cblr-2872	180	10	mr	mr	PROPN
cblr-2872	180	11	.	.	PROPN
cblr-2872	180	12	mcculloch	mcculloch	PROPN
cblr-2872	180	13	representing	represent	VERB
cblr-2872	180	14	the	the	DET
cblr-2872	180	15	6	6	NUM
cblr-2872	180	16	%	%	NOUN
cblr-2872	180	17	prevailing	prevailing	ADJ
cblr-2872	180	18	interest	interest	NOUN
cblr-2872	180	19	rate	rate	NOUN
cblr-2872	180	20	(	(	PUNCT
cblr-2872	180	21	$	$	SYM
cblr-2872	180	22	10,000	10,000	NUM
cblr-2872	180	23	*	*	SYM
cblr-2872	180	24	6	6	NUM
cblr-2872	180	25	%	%	NOUN
cblr-2872	180	26	=	=	NOUN
cblr-2872	180	27	$	$	SYM
cblr-2872	180	28	600	600	NUM
cblr-2872	180	29	payment	payment	NOUN
cblr-2872	180	30	by	by	ADP
cblr-2872	180	31	mr	mr	PROPN
cblr-2872	180	32	.	.	PROPN
cblr-2872	180	33	wickard	wickard	PROPN
cblr-2872	180	34	)	)	PUNCT
cblr-2872	181	1	mr	mr	PROPN
cblr-2872	181	2	.	.	PROPN
cblr-2872	181	3	wickard	wickard	PROPN
cblr-2872	181	4	's	's	PART
cblr-2872	181	5	net	net	ADJ
cblr-2872	181	6	interest	interest	NOUN
cblr-2872	181	7	rate	rate	NOUN
cblr-2872	181	8	is	be	AUX
cblr-2872	181	9	6	6	NUM
cblr-2872	181	10	%	%	NOUN
cblr-2872	181	11	15	15	NUM
cblr-2872	181	12	see	see	VERB
cblr-2872	181	13	10	10	NUM
cblr-2872	181	14	-	-	PUNCT
cblr-2872	181	15	year	year	NOUN
cblr-2872	181	16	u.s	u.s	PROPN
cblr-2872	181	17	.	.	PROPN
cblr-2872	181	18	treasury	treasury	PROPN
cblr-2872	181	19	note	note	PROPN
cblr-2872	181	20	futures	future	NOUN
cblr-2872	181	21	,	,	PUNCT
cblr-2872	181	22	cme	cme	PROPN
cblr-2872	181	23	group	group	NOUN
cblr-2872	181	24	,	,	PUNCT
cblr-2872	181	25	http://www.cmegroup.com/trading/interest-rates/us-treasury/10-year-ustreasury-note.html	http://www.cmegroup.com/trading/interest-rates/us-treasury/10-year-ustreasury-note.html	PROPN
cblr-2872	181	26	(	(	PUNCT
cblr-2872	181	27	last	last	ADV
cblr-2872	181	28	visited	visit	VERB
cblr-2872	181	29	dec	dec	PROPN
cblr-2872	181	30	.	.	PROPN
cblr-2872	181	31	2	2	NUM
cblr-2872	181	32	,	,	PUNCT
cblr-2872	181	33	2013	2013	NUM
cblr-2872	181	34	)	)	PUNCT
cblr-2872	181	35	.	.	PUNCT
cblr-2872	182	1	681no	681no	NOUN
cblr-2872	182	2	.	.	PUNCT
cblr-2872	183	1	3:667	3:667	NUM
cblr-2872	183	2	]	]	PUNCT
cblr-2872	183	3	regulation	regulation	NOUN
cblr-2872	183	4	through	through	ADP
cblr-2872	183	5	substitution	substitution	NOUN
cblr-2872	183	6	payment	payment	NOUN
cblr-2872	183	7	:	:	PUNCT
cblr-2872	183	8	(	(	PUNCT
cblr-2872	183	9	$	$	SYM
cblr-2872	183	10	100	100	NUM
cblr-2872	183	11	payment	payment	NOUN
cblr-2872	183	12	to	to	ADP
cblr-2872	183	13	mr	mr	PROPN
cblr-2872	183	14	.	.	PROPN
cblr-2872	183	15	wickard	wickard	PROPN
cblr-2872	183	16	)	)	PUNCT
cblr-2872	184	1	+	+	CCONJ
cblr-2872	184	2	(	(	PUNCT
cblr-2872	184	3	$	$	SYM
cblr-2872	184	4	600	600	NUM
cblr-2872	184	5	payment	payment	NOUN
cblr-2872	184	6	from	from	ADP
cblr-2872	184	7	mr	mr	PROPN
cblr-2872	184	8	.	.	PROPN
cblr-2872	184	9	wickard	wickard	PROPN
cblr-2872	184	10	)	)	PUNCT
cblr-2872	185	1	=	=	PUNCT
cblr-2872	185	2	$	$	SYM
cblr-2872	185	3	500	500	NUM
cblr-2872	185	4	payment	payment	NOUN
cblr-2872	185	5	by	by	ADP
cblr-2872	185	6	mr	mr	PROPN
cblr-2872	185	7	.	.	PROPN
cblr-2872	185	8	wickard	wickard	PROPN
cblr-2872	185	9	futures	future	NOUN
cblr-2872	185	10	contract	contract	NOUN
cblr-2872	185	11	:	:	PUNCT
cblr-2872	185	12	mr	mr	PROPN
cblr-2872	185	13	.	.	PROPN
cblr-2872	185	14	wickard	wickard	PROPN
cblr-2872	185	15	makes	make	VERB
cblr-2872	185	16	a	a	DET
cblr-2872	185	17	payment	payment	NOUN
cblr-2872	185	18	on	on	ADP
cblr-2872	185	19	the	the	DET
cblr-2872	185	20	futures	future	NOUN
cblr-2872	185	21	contract	contract	NOUN
cblr-2872	185	22	representing	represent	VERB
cblr-2872	185	23	the	the	DET
cblr-2872	185	24	1	1	NUM
cblr-2872	185	25	%	%	NOUN
cblr-2872	185	26	decrease	decrease	NOUN
cblr-2872	185	27	in	in	ADP
cblr-2872	185	28	floating	float	VERB
cblr-2872	185	29	interest	interest	NOUN
cblr-2872	185	30	rates	rate	NOUN
cblr-2872	185	31	(	(	PUNCT
cblr-2872	185	32	$	$	SYM
cblr-2872	185	33	10,000	10,000	NUM
cblr-2872	185	34	*	*	SYM
cblr-2872	185	35	1	1	NUM
cblr-2872	185	36	%	%	NOUN
cblr-2872	185	37	=	=	SYM
cblr-2872	185	38	$	$	SYM
cblr-2872	185	39	100	100	NUM
cblr-2872	185	40	payment	payment	NOUN
cblr-2872	185	41	by	by	ADP
cblr-2872	185	42	mr	mr	PROPN
cblr-2872	185	43	.	.	PROPN
cblr-2872	185	44	wickard	wickard	PROPN
cblr-2872	185	45	)	)	PUNCT
cblr-2872	185	46	loan	loan	NOUN
cblr-2872	185	47	interest	interest	NOUN
cblr-2872	185	48	payment	payment	NOUN
cblr-2872	185	49	to	to	ADP
cblr-2872	185	50	mr	mr	PROPN
cblr-2872	185	51	.	.	PROPN
cblr-2872	185	52	mcculloch	mcculloch	PROPN
cblr-2872	185	53	:	:	PUNCT
cblr-2872	185	54	mr	mr	PROPN
cblr-2872	185	55	.	.	PROPN
cblr-2872	185	56	wickard	wickard	PROPN
cblr-2872	185	57	makes	make	VERB
cblr-2872	185	58	an	an	DET
cblr-2872	185	59	interest	interest	NOUN
cblr-2872	185	60	rate	rate	NOUN
cblr-2872	185	61	payment	payment	NOUN
cblr-2872	185	62	to	to	ADP
cblr-2872	185	63	mr	mr	PROPN
cblr-2872	185	64	.	.	PROPN
cblr-2872	185	65	mcculloch	mcculloch	PROPN
cblr-2872	185	66	representing	represent	VERB
cblr-2872	185	67	the	the	DET
cblr-2872	185	68	4	4	NUM
cblr-2872	185	69	%	%	NOUN
cblr-2872	185	70	prevailing	prevailing	ADJ
cblr-2872	185	71	interest	interest	NOUN
cblr-2872	185	72	rate	rate	NOUN
cblr-2872	185	73	(	(	PUNCT
cblr-2872	185	74	$	$	SYM
cblr-2872	185	75	10,000	10,000	NUM
cblr-2872	185	76	*	*	SYM
cblr-2872	185	77	4	4	NUM
cblr-2872	185	78	%	%	NOUN
cblr-2872	185	79	=	=	NOUN
cblr-2872	185	80	$	$	SYM
cblr-2872	185	81	400	400	NUM
cblr-2872	185	82	payment	payment	NOUN
cblr-2872	185	83	by	by	ADP
cblr-2872	185	84	mr	mr	PROPN
cblr-2872	185	85	.	.	PROPN
cblr-2872	185	86	wickard	wickard	PROPN
cblr-2872	185	87	)	)	PUNCT
cblr-2872	186	1	mr	mr	PROPN
cblr-2872	186	2	.	.	PROPN
cblr-2872	186	3	wickard	wickard	PROPN
cblr-2872	186	4	's	's	PART
cblr-2872	186	5	net	net	ADJ
cblr-2872	186	6	payment	payment	NOUN
cblr-2872	186	7	:	:	PUNCT
cblr-2872	186	8	(	(	PUNCT
cblr-2872	186	9	$	$	SYM
cblr-2872	186	10	100	100	NUM
cblr-2872	186	11	payment	payment	NOUN
cblr-2872	186	12	by	by	ADP
cblr-2872	186	13	mr	mr	PROPN
cblr-2872	186	14	.	.	PROPN
cblr-2872	186	15	wickard	wickard	PROPN
cblr-2872	186	16	)	)	PUNCT
cblr-2872	187	1	+	+	CCONJ
cblr-2872	187	2	(	(	PUNCT
cblr-2872	187	3	$	$	SYM
cblr-2872	187	4	400	400	NUM
cblr-2872	187	5	payment	payment	NOUN
cblr-2872	187	6	by	by	ADP
cblr-2872	187	7	mr	mr	PROPN
cblr-2872	187	8	.	.	PROPN
cblr-2872	187	9	wickard	wickard	PROPN
cblr-2872	187	10	)	)	PUNCT
cblr-2872	188	1	=	=	PUNCT
cblr-2872	188	2	$	$	SYM
cblr-2872	188	3	500	500	NUM
cblr-2872	188	4	payment	payment	NOUN
cblr-2872	188	5	by	by	ADP
cblr-2872	188	6	mr	mr	PROPN
cblr-2872	188	7	.	.	PROPN
cblr-2872	188	8	wickard	wickard	PROPN
cblr-2872	188	9	interest	interest	NOUN
cblr-2872	188	10	rate	rate	NOUN
cblr-2872	188	11	is	be	AUX
cblr-2872	188	12	4	4	NUM
cblr-2872	188	13	%	%	NOUN
cblr-2872	188	14	as	as	ADV
cblr-2872	188	15	long	long	ADV
cblr-2872	188	16	as	as	SCONJ
cblr-2872	188	17	he	he	PRON
cblr-2872	188	18	reestablishes	reestablish	VERB
cblr-2872	188	19	a	a	DET
cblr-2872	188	20	futures	future	NOUN
cblr-2872	188	21	position	position	NOUN
cblr-2872	188	22	for	for	ADP
cblr-2872	188	23	each	each	DET
cblr-2872	188	24	date	date	NOUN
cblr-2872	188	25	on	on	ADP
cblr-2872	188	26	which	which	PRON
cblr-2872	188	27	he	he	PRON
cblr-2872	188	28	must	must	AUX
cblr-2872	188	29	make	make	VERB
cblr-2872	188	30	an	an	DET
cblr-2872	188	31	interest	interest	NOUN
cblr-2872	188	32	payment	payment	NOUN
cblr-2872	188	33	on	on	ADP
cblr-2872	188	34	this	this	DET
cblr-2872	188	35	loan	loan	NOUN
cblr-2872	188	36	,	,	PUNCT
cblr-2872	188	37	mr	mr	PROPN
cblr-2872	188	38	.	.	PROPN
cblr-2872	188	39	wickard	wickard	PROPN
cblr-2872	188	40	will	will	AUX
cblr-2872	188	41	be	be	AUX
cblr-2872	188	42	in	in	ADP
cblr-2872	188	43	an	an	DET
cblr-2872	188	44	economically	economically	ADV
cblr-2872	188	45	identical	identical	ADJ
cblr-2872	188	46	position	position	NOUN
cblr-2872	188	47	whether	whether	SCONJ
cblr-2872	188	48	he	he	PRON
cblr-2872	188	49	uses	use	VERB
cblr-2872	188	50	futures	future	NOUN
cblr-2872	188	51	or	or	CCONJ
cblr-2872	188	52	swaps	swap	NOUN
cblr-2872	188	53	.	.	PUNCT
cblr-2872	189	1	just	just	ADV
cblr-2872	189	2	as	as	SCONJ
cblr-2872	189	3	mr	mr	PROPN
cblr-2872	189	4	.	.	PROPN
cblr-2872	189	5	wickard	wickard	PROPN
cblr-2872	189	6	could	could	AUX
cblr-2872	189	7	use	use	VERB
cblr-2872	189	8	swaps	swap	NOUN
cblr-2872	189	9	or	or	CCONJ
cblr-2872	189	10	futures	future	NOUN
cblr-2872	189	11	to	to	PART
cblr-2872	189	12	hedge	hedge	VERB
cblr-2872	189	13	his	his	PRON
cblr-2872	189	14	interest	interest	NOUN
cblr-2872	189	15	rate	rate	NOUN
cblr-2872	189	16	risk	risk	NOUN
cblr-2872	189	17	,	,	PUNCT
cblr-2872	189	18	mr	mr	PROPN
cblr-2872	189	19	.	.	PROPN
cblr-2872	189	20	filburn	filburn	PROPN
cblr-2872	189	21	and	and	CCONJ
cblr-2872	189	22	mr	mr	PROPN
cblr-2872	189	23	.	.	PROPN
cblr-2872	189	24	wickard	wickard	PROPN
cblr-2872	189	25	could	could	AUX
cblr-2872	189	26	enter	enter	VERB
cblr-2872	189	27	into	into	ADP
cblr-2872	189	28	a	a	DET
cblr-2872	189	29	swap	swap	NOUN
cblr-2872	189	30	-	-	PUNCT
cblr-2872	189	31	rather	rather	ADV
cblr-2872	189	32	than	than	ADP
cblr-2872	189	33	the	the	DET
cblr-2872	189	34	cash	cash	NOUN
cblr-2872	189	35	-	-	PUNCT
cblr-2872	189	36	settled	settle	VERB
cblr-2872	189	37	futures	future	NOUN
cblr-2872	189	38	interest	interest	NOUN
cblr-2872	189	39	rate	rate	NOUN
cblr-2872	189	40	swap	swap	NOUN
cblr-2872	189	41	contract	contract	NOUN
cblr-2872	189	42	:	:	PUNCT
cblr-2872	189	43	mr	mr	PROPN
cblr-2872	189	44	.	.	PROPN
cblr-2872	189	45	wickard	wickard	PROPN
cblr-2872	189	46	makes	make	VERB
cblr-2872	189	47	a	a	DET
cblr-2872	189	48	payment	payment	NOUN
cblr-2872	189	49	representing	represent	VERB
cblr-2872	189	50	the	the	DET
cblr-2872	189	51	difference	difference	NOUN
cblr-2872	189	52	between	between	ADP
cblr-2872	189	53	the	the	DET
cblr-2872	189	54	4	4	NUM
cblr-2872	189	55	%	%	NOUN
cblr-2872	189	56	floating	float	VERB
cblr-2872	189	57	interest	interest	NOUN
cblr-2872	189	58	rate	rate	NOUN
cblr-2872	189	59	owed	owe	VERB
cblr-2872	189	60	to	to	ADP
cblr-2872	189	61	mr	mr	PROPN
cblr-2872	189	62	.	.	PROPN
cblr-2872	189	63	wickard	wickard	PROPN
cblr-2872	189	64	and	and	CCONJ
cblr-2872	189	65	the	the	DET
cblr-2872	189	66	5	5	NUM
cblr-2872	189	67	%	%	NOUN
cblr-2872	189	68	fixed	fix	VERB
cblr-2872	189	69	interest	interest	NOUN
cblr-2872	189	70	rate	rate	NOUN
cblr-2872	189	71	owed	owe	VERB
cblr-2872	189	72	by	by	ADP
cblr-2872	189	73	mr	mr	PROPN
cblr-2872	189	74	.	.	PROPN
cblr-2872	189	75	wickard	wickard	PROPN
cblr-2872	189	76	(	(	PUNCT
cblr-2872	189	77	$	$	SYM
cblr-2872	189	78	10,000	10,000	NUM
cblr-2872	189	79	*	*	PUNCT
cblr-2872	190	1	[	[	X
cblr-2872	190	2	5	5	NUM
cblr-2872	190	3	%	%	NOUN
cblr-2872	190	4	4	4	NUM
cblr-2872	190	5	%	%	NOUN
cblr-2872	190	6	]	]	X
cblr-2872	190	7	=	=	PUNCT
cblr-2872	190	8	$	$	SYM
cblr-2872	190	9	10,000	10,000	NUM
cblr-2872	190	10	*	*	SYM
cblr-2872	190	11	1	1	NUM
cblr-2872	190	12	%	%	NOUN
cblr-2872	190	13	=	=	SYM
cblr-2872	190	14	$	$	SYM
cblr-2872	190	15	100	100	NUM
cblr-2872	190	16	payment	payment	NOUN
cblr-2872	190	17	by	by	ADP
cblr-2872	190	18	mr	mr	PROPN
cblr-2872	190	19	.	.	PROPN
cblr-2872	190	20	wickard	wickard	PROPN
cblr-2872	190	21	)	)	PUNCT
cblr-2872	190	22	loan	loan	NOUN
cblr-2872	190	23	interest	interest	NOUN
cblr-2872	190	24	payment	payment	NOUN
cblr-2872	190	25	to	to	ADP
cblr-2872	190	26	mr	mr	PROPN
cblr-2872	190	27	.	.	PROPN
cblr-2872	190	28	mcculloch	mcculloch	PROPN
cblr-2872	190	29	:	:	PUNCT
cblr-2872	191	1	mr	mr	PROPN
cblr-2872	191	2	.	.	PROPN
cblr-2872	191	3	wickard	wickard	PROPN
cblr-2872	191	4	makes	make	VERB
cblr-2872	191	5	an	an	DET
cblr-2872	191	6	interest	interest	NOUN
cblr-2872	191	7	rate	rate	NOUN
cblr-2872	191	8	payment	payment	NOUN
cblr-2872	191	9	to	to	ADP
cblr-2872	191	10	mr	mr	PROPN
cblr-2872	191	11	.	.	PROPN
cblr-2872	191	12	mcculloch	mcculloch	PROPN
cblr-2872	191	13	representing	represent	VERB
cblr-2872	191	14	the	the	DET
cblr-2872	191	15	4	4	NUM
cblr-2872	191	16	%	%	NOUN
cblr-2872	191	17	prevailing	prevailing	ADJ
cblr-2872	191	18	interest	interest	NOUN
cblr-2872	191	19	rate	rate	NOUN
cblr-2872	191	20	(	(	PUNCT
cblr-2872	191	21	$	$	SYM
cblr-2872	191	22	10,000	10,000	NUM
cblr-2872	191	23	*	*	SYM
cblr-2872	191	24	4	4	NUM
cblr-2872	191	25	%	%	NOUN
cblr-2872	191	26	=	=	NOUN
cblr-2872	191	27	$	$	SYM
cblr-2872	191	28	400	400	NUM
cblr-2872	191	29	payment	payment	NOUN
cblr-2872	191	30	by	by	ADP
cblr-2872	191	31	mr	mr	PROPN
cblr-2872	191	32	.	.	PROPN
cblr-2872	191	33	wickard	wickard	PROPN
cblr-2872	191	34	)	)	PUNCT
cblr-2872	192	1	mr	mr	PROPN
cblr-2872	192	2	.	.	PROPN
cblr-2872	192	3	wickard	wickard	PROPN
cblr-2872	192	4	's	's	PART
cblr-2872	192	5	net	net	ADJ
cblr-2872	192	6	payment	payment	NOUN
cblr-2872	192	7	:	:	PUNCT
cblr-2872	192	8	(	(	PUNCT
cblr-2872	192	9	$	$	SYM
cblr-2872	192	10	100	100	NUM
cblr-2872	192	11	payment	payment	NOUN
cblr-2872	192	12	by	by	ADP
cblr-2872	192	13	mr	mr	PROPN
cblr-2872	192	14	.	.	PROPN
cblr-2872	192	15	wickard	wickard	PROPN
cblr-2872	192	16	)	)	PUNCT
cblr-2872	193	1	+	+	CCONJ
cblr-2872	193	2	(	(	PUNCT
cblr-2872	193	3	$	$	SYM
cblr-2872	193	4	400	400	NUM
cblr-2872	193	5	payment	payment	NOUN
cblr-2872	193	6	by	by	ADP
cblr-2872	193	7	mr	mr	PROPN
cblr-2872	193	8	.	.	PROPN
cblr-2872	193	9	wickard	wickard	PROPN
cblr-2872	193	10	)	)	PUNCT
cblr-2872	194	1	=	=	PUNCT
cblr-2872	194	2	$	$	SYM
cblr-2872	194	3	500	500	NUM
cblr-2872	194	4	payment	payment	NOUN
cblr-2872	194	5	by	by	ADP
cblr-2872	194	6	mr	mr	PROPN
cblr-2872	194	7	.	.	PROPN
cblr-2872	194	8	wickard	wickard	PROPN
cblr-2872	194	9	682	682	NUM
cblr-2872	194	10	col	col	PROPN
cblr-2872	194	11	umbia	umbia	PROPN
cblr-2872	194	12	b	b	PROPN
cblr-2872	195	1	usiness	usiness	PROPN
cblr-2872	195	2	la	la	PROPN
cblr-2872	195	3	w	w	PROPN
cblr-2872	195	4	re	re	PROPN
cblr-2872	195	5	vie	vie	PROPN
cblr-2872	195	6	w	w	PROPN
cblr-2872	196	1	[	[	X
cblr-2872	196	2	vol	vol	NOUN
cblr-2872	196	3	.	.	PUNCT
cblr-2872	196	4	2013	2013	NUM
cblr-2872	196	5	contract	contract	NOUN
cblr-2872	196	6	-	-	PUNCT
cblr-2872	196	7	to	to	PART
cblr-2872	196	8	hedge	hedge	VERB
cblr-2872	196	9	their	their	PRON
cblr-2872	196	10	risks	risk	NOUN
cblr-2872	196	11	associated	associate	VERB
cblr-2872	196	12	with	with	ADP
cblr-2872	196	13	the	the	DET
cblr-2872	196	14	price	price	NOUN
cblr-2872	196	15	of	of	ADP
cblr-2872	196	16	wheat	wheat	NOUN
cblr-2872	196	17	.	.	PUNCT
cblr-2872	197	1	more	more	ADV
cblr-2872	197	2	specifically	specifically	ADV
cblr-2872	197	3	,	,	PUNCT
cblr-2872	197	4	mr	mr	PROPN
cblr-2872	197	5	.	.	PROPN
cblr-2872	197	6	filburn	filburn	PROPN
cblr-2872	197	7	and	and	CCONJ
cblr-2872	197	8	mr	mr	PROPN
cblr-2872	197	9	.	.	PROPN
cblr-2872	197	10	wickard	wickard	PROPN
cblr-2872	197	11	could	could	AUX
cblr-2872	197	12	have	have	AUX
cblr-2872	197	13	entered	enter	VERB
cblr-2872	197	14	into	into	ADP
cblr-2872	197	15	a	a	DET
cblr-2872	197	16	wheat	wheat	NOUN
cblr-2872	197	17	swap	swap	NOUN
cblr-2872	197	18	contract	contract	NOUN
cblr-2872	197	19	under	under	ADP
cblr-2872	197	20	which	which	PRON
cblr-2872	197	21	mr	mr	PROPN
cblr-2872	197	22	.	.	PROPN
cblr-2872	197	23	filburn	filburn	PROPN
cblr-2872	197	24	would	would	AUX
cblr-2872	197	25	pay	pay	VERB
cblr-2872	197	26	mr	mr	PROPN
cblr-2872	197	27	.	.	PROPN
cblr-2872	197	28	wickard	wickard	PROPN
cblr-2872	197	29	a	a	DET
cblr-2872	197	30	specified	specify	VERB
cblr-2872	197	31	amount	amount	NOUN
cblr-2872	197	32	if	if	SCONJ
cblr-2872	197	33	the	the	DET
cblr-2872	197	34	price	price	NOUN
cblr-2872	197	35	of	of	ADP
cblr-2872	197	36	wheat	wheat	NOUN
cblr-2872	197	37	increased	increase	VERB
cblr-2872	197	38	,	,	PUNCT
cblr-2872	197	39	while	while	SCONJ
cblr-2872	197	40	mr	mr	PROPN
cblr-2872	197	41	.	.	PROPN
cblr-2872	197	42	wickard	wickard	PROPN
cblr-2872	197	43	would	would	AUX
cblr-2872	197	44	pay	pay	VERB
cblr-2872	197	45	mr	mr	PROPN
cblr-2872	197	46	.	.	PROPN
cblr-2872	197	47	filburn	filburn	VERB
cblr-2872	197	48	a	a	DET
cblr-2872	197	49	specified	specify	VERB
cblr-2872	197	50	amount	amount	NOUN
cblr-2872	197	51	if	if	SCONJ
cblr-2872	197	52	the	the	DET
cblr-2872	197	53	price	price	NOUN
cblr-2872	197	54	of	of	ADP
cblr-2872	197	55	wheat	wheat	NOUN
cblr-2872	197	56	decreased	decrease	VERB
cblr-2872	197	57	.	.	PUNCT
cblr-2872	198	1	such	such	DET
cblr-2872	198	2	a	a	DET
cblr-2872	198	3	contract	contract	NOUN
cblr-2872	198	4	could	could	AUX
cblr-2872	198	5	be	be	AUX
cblr-2872	198	6	designed	design	VERB
cblr-2872	198	7	to	to	PART
cblr-2872	198	8	have	have	VERB
cblr-2872	198	9	the	the	DET
cblr-2872	198	10	same	same	ADJ
cblr-2872	198	11	economic	economic	ADJ
cblr-2872	198	12	terms	term	NOUN
cblr-2872	198	13	as	as	ADP
cblr-2872	198	14	the	the	DET
cblr-2872	198	15	futures	future	NOUN
cblr-2872	198	16	contracts	contract	NOUN
cblr-2872	198	17	that	that	PRON
cblr-2872	198	18	mr	mr	PROPN
cblr-2872	198	19	.	.	PROPN
cblr-2872	198	20	filburn	filburn	PROPN
cblr-2872	198	21	and	and	CCONJ
cblr-2872	198	22	mr	mr	PROPN
cblr-2872	198	23	.	.	PROPN
cblr-2872	198	24	wickard	wickard	PROPN
cblr-2872	198	25	entered	enter	VERB
cblr-2872	198	26	into	into	ADP
cblr-2872	198	27	in	in	ADP
cblr-2872	198	28	the	the	DET
cblr-2872	198	29	example	example	NOUN
cblr-2872	198	30	in	in	ADP
cblr-2872	198	31	ii.a.1	ii.a.1	NOUN
cblr-2872	198	32	.	.	PUNCT
cblr-2872	199	1	in	in	ADP
cblr-2872	199	2	short	short	ADJ
cblr-2872	199	3	,	,	PUNCT
cblr-2872	199	4	to	to	ADP
cblr-2872	199	5	the	the	DET
cblr-2872	199	6	extent	extent	NOUN
cblr-2872	199	7	available	available	ADJ
cblr-2872	199	8	in	in	ADP
cblr-2872	199	9	the	the	DET
cblr-2872	199	10	marketplace	marketplace	NOUN
cblr-2872	199	11	,	,	PUNCT
cblr-2872	199	12	futures	future	NOUN
cblr-2872	199	13	and	and	CCONJ
cblr-2872	199	14	swaps	swap	NOUN
cblr-2872	199	15	can	can	AUX
cblr-2872	199	16	be	be	AUX
cblr-2872	199	17	used	use	VERB
cblr-2872	199	18	to	to	PART
cblr-2872	199	19	address	address	VERB
cblr-2872	199	20	the	the	DET
cblr-2872	199	21	same	same	ADJ
cblr-2872	199	22	risks	risk	NOUN
cblr-2872	199	23	or	or	CCONJ
cblr-2872	199	24	otherwise	otherwise	ADV
cblr-2872	199	25	to	to	PART
cblr-2872	199	26	achieve	achieve	VERB
cblr-2872	199	27	the	the	DET
cblr-2872	199	28	same	same	ADJ
cblr-2872	199	29	economic	economic	ADJ
cblr-2872	199	30	outcomes	outcome	NOUN
cblr-2872	199	31	.	.	PUNCT
cblr-2872	200	1	this	this	DET
cblr-2872	200	2	analysis	analysis	NOUN
cblr-2872	200	3	demonstrates	demonstrate	VERB
cblr-2872	200	4	how	how	SCONJ
cblr-2872	200	5	futures	future	NOUN
cblr-2872	200	6	contracts	contract	NOUN
cblr-2872	200	7	and	and	CCONJ
cblr-2872	200	8	swap	swap	NOUN
cblr-2872	200	9	contracts	contract	NOUN
cblr-2872	200	10	are	be	AUX
cblr-2872	200	11	fundamentally	fundamentally	ADV
cblr-2872	200	12	economically	economically	ADV
cblr-2872	200	13	equivalent.1	equivalent.1	NOUN
cblr-2872	200	14	6	6	NUM
cblr-2872	200	15	both	both	PRON
cblr-2872	200	16	represent	represent	VERB
cblr-2872	200	17	financial	financial	ADJ
cblr-2872	200	18	contracts	contract	NOUN
cblr-2872	200	19	under	under	ADP
cblr-2872	200	20	which	which	PRON
cblr-2872	200	21	the	the	DET
cblr-2872	200	22	parties	party	NOUN
cblr-2872	200	23	to	to	ADP
cblr-2872	200	24	the	the	DET
cblr-2872	200	25	contract	contract	NOUN
cblr-2872	200	26	must	must	AUX
cblr-2872	200	27	make	make	VERB
cblr-2872	200	28	payments	payment	NOUN
cblr-2872	200	29	(	(	PUNCT
cblr-2872	200	30	or	or	CCONJ
cblr-2872	200	31	a	a	DET
cblr-2872	200	32	series	series	NOUN
cblr-2872	200	33	of	of	ADP
cblr-2872	200	34	payments	payment	NOUN
cblr-2872	200	35	)	)	PUNCT
cblr-2872	200	36	to	to	ADP
cblr-2872	200	37	each	each	DET
cblr-2872	200	38	other	other	ADJ
cblr-2872	200	39	based	base	VERB
cblr-2872	200	40	on	on	ADP
cblr-2872	200	41	a	a	DET
cblr-2872	200	42	specific	specific	ADJ
cblr-2872	200	43	underlying	underlie	VERB
cblr-2872	200	44	asset	asset	NOUN
cblr-2872	200	45	.	.	PUNCT
cblr-2872	201	1	as	as	SCONJ
cblr-2872	201	2	there	there	PRON
cblr-2872	201	3	are	be	VERB
cblr-2872	201	4	no	no	DET
cblr-2872	201	5	differences	difference	NOUN
cblr-2872	201	6	between	between	ADP
cblr-2872	201	7	the	the	DET
cblr-2872	201	8	underlying	underlying	ADJ
cblr-2872	201	9	economic	economic	ADJ
cblr-2872	201	10	structures	structure	NOUN
cblr-2872	201	11	,	,	PUNCT
cblr-2872	201	12	any	any	DET
cblr-2872	201	13	cost	cost	NOUN
cblr-2872	201	14	differences	difference	NOUN
cblr-2872	201	15	must	must	AUX
cblr-2872	201	16	arise	arise	VERB
cblr-2872	201	17	from	from	ADP
cblr-2872	201	18	differential	differential	ADJ
cblr-2872	201	19	regulatory	regulatory	ADJ
cblr-2872	201	20	costs	cost	NOUN
cblr-2872	201	21	or	or	CCONJ
cblr-2872	201	22	market	market	NOUN
cblr-2872	201	23	differences	difference	NOUN
cblr-2872	201	24	(	(	PUNCT
cblr-2872	201	25	including	include	VERB
cblr-2872	201	26	differential	differential	ADJ
cblr-2872	201	27	transaction	transaction	NOUN
cblr-2872	201	28	costs	cost	NOUN
cblr-2872	201	29	)	)	PUNCT
cblr-2872	201	30	.	.	PUNCT
cblr-2872	202	1	however	however	ADV
cblr-2872	202	2	,	,	PUNCT
cblr-2872	202	3	as	as	SCONJ
cblr-2872	202	4	described	describe	VERB
cblr-2872	202	5	in	in	ADP
cblr-2872	202	6	more	more	ADJ
cblr-2872	202	7	detail	detail	NOUN
cblr-2872	202	8	below	below	ADV
cblr-2872	202	9	,	,	PUNCT
cblr-2872	202	10	the	the	DET
cblr-2872	202	11	differences	difference	NOUN
cblr-2872	202	12	in	in	ADP
cblr-2872	202	13	market	market	NOUN
cblr-2872	202	14	structures	structure	NOUN
cblr-2872	202	15	between	between	ADP
cblr-2872	202	16	the	the	DET
cblr-2872	202	17	futures	future	NOUN
cblr-2872	202	18	and	and	CCONJ
cblr-2872	202	19	swap	swap	NOUN
cblr-2872	202	20	markets	market	NOUN
cblr-2872	202	21	is	be	AUX
cblr-2872	202	22	a	a	DET
cblr-2872	202	23	function	function	NOUN
cblr-2872	202	24	of	of	ADP
cblr-2872	202	25	the	the	DET
cblr-2872	202	26	regulation	regulation	NOUN
cblr-2872	202	27	of	of	ADP
cblr-2872	202	28	those	those	DET
cblr-2872	202	29	markets	market	NOUN
cblr-2872	202	30	.	.	PUNCT
cblr-2872	203	1	thus	thus	ADV
cblr-2872	203	2	,	,	PUNCT
cblr-2872	203	3	the	the	DET
cblr-2872	203	4	cost	cost	NOUN
cblr-2872	203	5	difference	difference	NOUN
cblr-2872	203	6	for	for	ADP
cblr-2872	203	7	a	a	DET
cblr-2872	203	8	futures	future	NOUN
cblr-2872	203	9	contract	contract	NOUN
cblr-2872	203	10	and	and	CCONJ
cblr-2872	203	11	a	a	DET
cblr-2872	203	12	swap	swap	NOUN
cblr-2872	203	13	contract	contract	NOUN
cblr-2872	203	14	that	that	PRON
cblr-2872	203	15	achieves	achieve	VERB
cblr-2872	203	16	the	the	DET
cblr-2872	203	17	same	same	ADJ
cblr-2872	203	18	economic	economic	ADJ
cblr-2872	203	19	outcome	outcome	NOUN
cblr-2872	203	20	can	can	AUX
cblr-2872	203	21	be	be	AUX
cblr-2872	203	22	explained	explain	VERB
cblr-2872	203	23	by	by	ADP
cblr-2872	203	24	differences	difference	NOUN
cblr-2872	203	25	in	in	ADP
cblr-2872	203	26	their	their	PRON
cblr-2872	203	27	regulation	regulation	NOUN
cblr-2872	203	28	.	.	PUNCT
cblr-2872	204	1	the	the	DET
cblr-2872	204	2	regulation	regulation	NOUN
cblr-2872	204	3	of	of	ADP
cblr-2872	204	4	futures	future	NOUN
cblr-2872	204	5	and	and	CCONJ
cblr-2872	204	6	swaps	swap	NOUN
cblr-2872	204	7	,	,	PUNCT
cblr-2872	204	8	and	and	CCONJ
cblr-2872	204	9	these	these	DET
cblr-2872	204	10	differences	difference	NOUN
cblr-2872	204	11	,	,	PUNCT
cblr-2872	204	12	are	be	AUX
cblr-2872	204	13	described	describe	VERB
cblr-2872	204	14	in	in	ADP
cblr-2872	204	15	the	the	DET
cblr-2872	204	16	next	next	ADJ
cblr-2872	204	17	section	section	NOUN
cblr-2872	204	18	.	.	PUNCT
cblr-2872	205	1	16	16	NUM
cblr-2872	205	2	see	see	VERB
cblr-2872	205	3	romano	romano	NOUN
cblr-2872	205	4	,	,	PUNCT
cblr-2872	205	5	supra	supra	ADJ
cblr-2872	205	6	note	note	NOUN
cblr-2872	205	7	1	1	NUM
cblr-2872	205	8	,	,	PUNCT
cblr-2872	205	9	at	at	ADP
cblr-2872	205	10	10	10	NUM
cblr-2872	205	11	,	,	PUNCT
cblr-2872	205	12	49	49	NUM
cblr-2872	205	13	(	(	PUNCT
cblr-2872	205	14	"	"	PUNCT
cblr-2872	205	15	futures	future	NOUN
cblr-2872	205	16	contracts	contract	NOUN
cblr-2872	205	17	are	be	AUX
cblr-2872	205	18	standardized	standardize	VERB
cblr-2872	205	19	forward	forward	ADJ
cblr-2872	205	20	contracts	contract	NOUN
cblr-2872	205	21	"	"	PUNCT
cblr-2872	205	22	and	and	CCONJ
cblr-2872	205	23	"	"	PUNCT
cblr-2872	205	24	[	[	X
cblr-2872	205	25	b]ecause	b]ecause	ADP
cblr-2872	205	26	a	a	DET
cblr-2872	205	27	swap	swap	NOUN
cblr-2872	205	28	contract	contract	NOUN
cblr-2872	205	29	consists	consist	VERB
cblr-2872	205	30	of	of	ADP
cblr-2872	205	31	a	a	DET
cblr-2872	205	32	series	series	NOUN
cblr-2872	205	33	of	of	ADP
cblr-2872	205	34	cash	cash	NOUN
cblr-2872	205	35	payments	payment	NOUN
cblr-2872	205	36	made	make	VERB
cblr-2872	205	37	according	accord	VERB
cblr-2872	205	38	to	to	ADP
cblr-2872	205	39	a	a	DET
cblr-2872	205	40	prespecified	prespecifie	VERB
cblr-2872	205	41	formula	formula	NOUN
cblr-2872	205	42	,	,	PUNCT
cblr-2872	205	43	in	in	ADP
cblr-2872	205	44	which	which	PRON
cblr-2872	205	45	each	each	DET
cblr-2872	205	46	period	period	NOUN
cblr-2872	205	47	's	's	PART
cblr-2872	205	48	floating	float	VERB
cblr-2872	205	49	-	-	PUNCT
cblr-2872	205	50	rate	rate	NOUN
cblr-2872	205	51	payment	payment	NOUN
cblr-2872	205	52	is	be	AUX
cblr-2872	205	53	set	set	VERB
cblr-2872	205	54	by	by	ADP
cblr-2872	205	55	the	the	DET
cblr-2872	205	56	rate	rate	NOUN
cblr-2872	205	57	in	in	ADP
cblr-2872	205	58	effect	effect	NOUN
cblr-2872	205	59	in	in	ADP
cblr-2872	205	60	the	the	DET
cblr-2872	205	61	prior	prior	ADJ
cblr-2872	205	62	period	period	NOUN
cblr-2872	205	63	,	,	PUNCT
cblr-2872	205	64	it	it	PRON
cblr-2872	205	65	is	be	AUX
cblr-2872	205	66	equivalent	equivalent	ADJ
cblr-2872	205	67	to	to	ADP
cblr-2872	205	68	a	a	DET
cblr-2872	205	69	portfolio	portfolio	NOUN
cblr-2872	205	70	of	of	ADP
cblr-2872	205	71	forward	forward	ADJ
cblr-2872	205	72	contracts	contract	NOUN
cblr-2872	205	73	.	.	PUNCT
cblr-2872	206	1	"	"	PUNCT
cblr-2872	206	2	)	)	PUNCT
cblr-2872	206	3	;	;	PUNCT
cblr-2872	206	4	see	see	VERB
cblr-2872	206	5	also	also	ADV
cblr-2872	206	6	stout	stout	ADJ
cblr-2872	206	7	,	,	PUNCT
cblr-2872	206	8	supra	supra	ADJ
cblr-2872	206	9	note	note	NOUN
cblr-2872	206	10	1	1	NUM
cblr-2872	206	11	,	,	PUNCT
cblr-2872	206	12	at	at	ADP
cblr-2872	206	13	766	766	NUM
cblr-2872	206	14	(	(	PUNCT
cblr-2872	206	15	observing	observe	VERB
cblr-2872	206	16	that	that	SCONJ
cblr-2872	206	17	"	"	PUNCT
cblr-2872	206	18	otc	otc	PROPN
cblr-2872	206	19	derivatives	derivative	NOUN
cblr-2872	206	20	are	be	AUX
cblr-2872	206	21	offexchange	offexchange	NOUN
cblr-2872	206	22	futures	future	NOUN
cblr-2872	206	23	and	and	CCONJ
cblr-2872	206	24	options	option	NOUN
cblr-2872	206	25	"	"	PUNCT
cblr-2872	206	26	(	(	PUNCT
cblr-2872	206	27	emphasis	emphasis	NOUN
cblr-2872	206	28	omitted	omit	VERB
cblr-2872	206	29	)	)	PUNCT
cblr-2872	206	30	)	)	PUNCT
cblr-2872	206	31	.	.	PUNCT
cblr-2872	207	1	no	no	INTJ
cblr-2872	207	2	.	.	PUNCT
cblr-2872	208	1	3:667	3:667	NUM
cblr-2872	208	2	]	]	PUNCT
cblr-2872	208	3	regula	regula	NOUN
cblr-2872	208	4	tion	tion	NOUN
cblr-2872	208	5	through	through	ADP
cblr-2872	208	6	substitution	substitution	NOUN
cblr-2872	208	7	683	683	NUM
cblr-2872	208	8	columbia	columbia	PROPN
cblr-2872	208	9	business	business	NOUN
cblr-2872	208	10	law	law	PROPN
cblr-2872	208	11	review	review	PROPN
cblr-2872	208	12	b.	b.	PROPN
cblr-2872	208	13	regulation	regulation	NOUN
cblr-2872	208	14	of	of	ADP
cblr-2872	208	15	futures	future	NOUN
cblr-2872	208	16	and	and	CCONJ
cblr-2872	208	17	swaps	swap	NOUN
cblr-2872	208	18	given	give	VERB
cblr-2872	208	19	their	their	PRON
cblr-2872	208	20	early	early	ADJ
cblr-2872	208	21	agricultural	agricultural	ADJ
cblr-2872	208	22	focus	focus	NOUN
cblr-2872	208	23	,	,	PUNCT
cblr-2872	208	24	the	the	DET
cblr-2872	208	25	futures	future	NOUN
cblr-2872	208	26	markets	market	NOUN
cblr-2872	208	27	in	in	ADP
cblr-2872	208	28	the	the	DET
cblr-2872	208	29	united	united	PROPN
cblr-2872	208	30	states	states	PROPN
cblr-2872	208	31	were	be	AUX
cblr-2872	208	32	placed	place	VERB
cblr-2872	208	33	under	under	ADP
cblr-2872	208	34	the	the	DET
cblr-2872	208	35	jurisdiction	jurisdiction	NOUN
cblr-2872	208	36	of	of	ADP
cblr-2872	208	37	the	the	DET
cblr-2872	208	38	agriculture	agriculture	NOUN
cblr-2872	208	39	committees	committee	NOUN
cblr-2872	208	40	of	of	ADP
cblr-2872	208	41	the	the	DET
cblr-2872	208	42	house	house	NOUN
cblr-2872	208	43	of	of	ADP
cblr-2872	208	44	representatives	representative	NOUN
cblr-2872	208	45	and	and	CCONJ
cblr-2872	208	46	the	the	DET
cblr-2872	208	47	senate	senate	PROPN
cblr-2872	208	48	.	.	PUNCT
cblr-2872	209	1	in	in	ADP
cblr-2872	209	2	1936	1936	NUM
cblr-2872	209	3	,	,	PUNCT
cblr-2872	209	4	the	the	DET
cblr-2872	209	5	commodity	commodity	NOUN
cblr-2872	209	6	exchange	exchange	PROPN
cblr-2872	209	7	act	act	NOUN
cblr-2872	209	8	was	be	AUX
cblr-2872	209	9	enacted	enact	VERB
cblr-2872	209	10	,	,	PUNCT
cblr-2872	209	11	"	"	PUNCT
cblr-2872	209	12	and	and	CCONJ
cblr-2872	209	13	the	the	DET
cblr-2872	209	14	u.s	u.s	PROPN
cblr-2872	209	15	.	.	PROPN
cblr-2872	209	16	department	department	PROPN
cblr-2872	209	17	of	of	ADP
cblr-2872	209	18	agriculture	agriculture	NOUN
cblr-2872	209	19	was	be	AUX
cblr-2872	209	20	given	give	VERB
cblr-2872	209	21	authority	authority	NOUN
cblr-2872	209	22	to	to	PART
cblr-2872	209	23	oversee	oversee	VERB
cblr-2872	209	24	and	and	CCONJ
cblr-2872	209	25	enforce	enforce	VERB
cblr-2872	209	26	the	the	DET
cblr-2872	209	27	act	act	NOUN
cblr-2872	209	28	.	.	PUNCT
cblr-2872	210	1	the	the	DET
cblr-2872	210	2	commodity	commodity	NOUN
cblr-2872	210	3	exchange	exchange	PROPN
cblr-2872	210	4	act	act	NOUN
cblr-2872	210	5	required	require	VERB
cblr-2872	210	6	that	that	SCONJ
cblr-2872	210	7	futures	future	NOUN
cblr-2872	210	8	contracts	contract	NOUN
cblr-2872	210	9	on	on	ADP
cblr-2872	210	10	"	"	PUNCT
cblr-2872	210	11	commodities"-a	commodities"-a	NOUN
cblr-2872	210	12	term	term	NOUN
cblr-2872	210	13	that	that	PRON
cblr-2872	210	14	is	be	AUX
cblr-2872	210	15	defined	define	VERB
cblr-2872	210	16	very	very	ADV
cblr-2872	210	17	broadly8	broadly8	ADV
cblr-2872	210	18	be	be	AUX
cblr-2872	210	19	traded	trade	VERB
cblr-2872	210	20	on	on	ADP
cblr-2872	210	21	"	"	PUNCT
cblr-2872	210	22	designated	designate	VERB
cblr-2872	210	23	contract	contract	NOUN
cblr-2872	210	24	markets	market	NOUN
cblr-2872	210	25	,	,	PUNCT
cblr-2872	210	26	"	"	PUNCT
cblr-2872	210	27	cleared	clear	VERB
cblr-2872	210	28	at	at	ADP
cblr-2872	210	29	clearinghouses	clearinghouse	NOUN
cblr-2872	210	30	,	,	PUNCT
cblr-2872	210	31	and	and	CCONJ
cblr-2872	210	32	subject	subject	ADJ
cblr-2872	210	33	to	to	ADP
cblr-2872	210	34	a	a	DET
cblr-2872	210	35	host	host	NOUN
cblr-2872	210	36	of	of	ADP
cblr-2872	210	37	regulatory	regulatory	ADJ
cblr-2872	210	38	requirements	requirement	NOUN
cblr-2872	210	39	tailored	tailor	VERB
cblr-2872	210	40	to	to	ADP
cblr-2872	210	41	the	the	DET
cblr-2872	210	42	standardized	standardized	ADJ
cblr-2872	210	43	products	product	NOUN
cblr-2872	210	44	traded	trade	VERB
cblr-2872	210	45	and	and	CCONJ
cblr-2872	210	46	the	the	DET
cblr-2872	210	47	commercial	commercial	ADJ
cblr-2872	210	48	nature	nature	NOUN
cblr-2872	210	49	of	of	ADP
cblr-2872	210	50	the	the	DET
cblr-2872	210	51	participants	participant	NOUN
cblr-2872	210	52	in	in	ADP
cblr-2872	210	53	the	the	DET
cblr-2872	210	54	market	market	NOUN
cblr-2872	210	55	.	.	PUNCT
cblr-2872	211	1	in	in	ADP
cblr-2872	211	2	1974	1974	NUM
cblr-2872	211	3	,	,	PUNCT
cblr-2872	211	4	congress	congress	PROPN
cblr-2872	211	5	amended	amend	VERB
cblr-2872	211	6	the	the	DET
cblr-2872	211	7	commodity	commodity	NOUN
cblr-2872	211	8	exchange	exchange	PROPN
cblr-2872	211	9	act	act	VERB
cblr-2872	211	10	to	to	PART
cblr-2872	211	11	establish	establish	VERB
cblr-2872	211	12	the	the	DET
cblr-2872	211	13	cftc	cftc	PROPN
cblr-2872	211	14	as	as	ADP
cblr-2872	211	15	an	an	DET
cblr-2872	211	16	independent	independent	ADJ
cblr-2872	211	17	agency	agency	NOUN
cblr-2872	211	18	to	to	PART
cblr-2872	211	19	administer	administer	VERB
cblr-2872	211	20	the	the	DET
cblr-2872	211	21	commodity	commodity	NOUN
cblr-2872	211	22	exchange	exchange	NOUN
cblr-2872	211	23	act.19	act.19	ADP
cblr-2872	211	24	a	a	DET
cblr-2872	211	25	few	few	ADJ
cblr-2872	211	26	years	year	NOUN
cblr-2872	211	27	before	before	SCONJ
cblr-2872	211	28	the	the	DET
cblr-2872	211	29	commodity	commodity	NOUN
cblr-2872	211	30	exchange	exchange	PROPN
cblr-2872	211	31	act	act	NOUN
cblr-2872	211	32	was	be	AUX
cblr-2872	211	33	enacted	enact	VERB
cblr-2872	211	34	,	,	PUNCT
cblr-2872	211	35	congress	congress	PROPN
cblr-2872	211	36	separately	separately	ADV
cblr-2872	211	37	enacted	enact	VERB
cblr-2872	211	38	legislation	legislation	NOUN
cblr-2872	211	39	to	to	PART
cblr-2872	211	40	regulate	regulate	VERB
cblr-2872	211	41	what	what	PRON
cblr-2872	211	42	was	be	AUX
cblr-2872	211	43	then	then	ADV
cblr-2872	211	44	an	an	DET
cblr-2872	211	45	entirely	entirely	ADV
cblr-2872	211	46	different	different	ADJ
cblr-2872	211	47	,	,	PUNCT
cblr-2872	211	48	financially	financially	ADV
cblr-2872	211	49	-	-	PUNCT
cblr-2872	211	50	focused	focus	VERB
cblr-2872	211	51	17	17	NUM
cblr-2872	211	52	commodity	commodity	NOUN
cblr-2872	211	53	exchange	exchange	PROPN
cblr-2872	211	54	act	act	PROPN
cblr-2872	211	55	,	,	PUNCT
cblr-2872	211	56	pub	pub	NOUN
cblr-2872	211	57	.	.	PUNCT
cblr-2872	212	1	l.	l.	PROPN
cblr-2872	212	2	no	no	INTJ
cblr-2872	212	3	.	.	PROPN
cblr-2872	213	1	74	74	NUM
cblr-2872	213	2	-	-	SYM
cblr-2872	213	3	675	675	NUM
cblr-2872	213	4	,	,	PUNCT
cblr-2872	213	5	49	49	NUM
cblr-2872	213	6	stat	stat	NOUN
cblr-2872	213	7	.	.	PUNCT
cblr-2872	214	1	1491	1491	NUM
cblr-2872	214	2	(	(	PUNCT
cblr-2872	214	3	1936	1936	NUM
cblr-2872	214	4	)	)	PUNCT
cblr-2872	214	5	.	.	PUNCT
cblr-2872	215	1	for	for	ADP
cblr-2872	215	2	additional	additional	ADJ
cblr-2872	215	3	discussion	discussion	NOUN
cblr-2872	215	4	of	of	ADP
cblr-2872	215	5	the	the	DET
cblr-2872	215	6	commodity	commodity	NOUN
cblr-2872	215	7	exchange	exchange	PROPN
cblr-2872	215	8	act	act	NOUN
cblr-2872	215	9	and	and	CCONJ
cblr-2872	215	10	the	the	DET
cblr-2872	215	11	regulation	regulation	NOUN
cblr-2872	215	12	of	of	ADP
cblr-2872	215	13	commodities	commodity	NOUN
cblr-2872	215	14	,	,	PUNCT
cblr-2872	215	15	see	see	VERB
cblr-2872	215	16	1	1	NUM
cblr-2872	215	17	philip	philip	PROPN
cblr-2872	215	18	mcbride	mcbride	PROPN
cblr-2872	215	19	johnson	johnson	PROPN
cblr-2872	215	20	&	&	CCONJ
cblr-2872	215	21	thomas	thomas	PROPN
cblr-2872	215	22	lee	lee	PROPN
cblr-2872	215	23	hazen	hazen	PROPN
cblr-2872	215	24	,	,	PUNCT
cblr-2872	215	25	derivatives	derivative	NOUN
cblr-2872	215	26	regulation	regulation	NOUN
cblr-2872	215	27	§	§	PROPN
cblr-2872	215	28	1.14	1.14	NUM
cblr-2872	215	29	(	(	PUNCT
cblr-2872	215	30	2004	2004	NUM
cblr-2872	215	31	)	)	PUNCT
cblr-2872	215	32	(	(	PUNCT
cblr-2872	215	33	updated	update	VERB
cblr-2872	215	34	annually	annually	ADV
cblr-2872	215	35	)	)	PUNCT
cblr-2872	215	36	.	.	PUNCT
cblr-2872	216	1	see	see	VERB
cblr-2872	216	2	also	also	ADV
cblr-2872	216	3	john	john	PROPN
cblr-2872	216	4	d.	d.	PROPN
cblr-2872	216	5	benson	benson	PROPN
cblr-2872	216	6	,	,	PUNCT
cblr-2872	216	7	ending	end	VERB
cblr-2872	216	8	the	the	DET
cblr-2872	216	9	turf	turf	NOUN
cblr-2872	216	10	wars	war	NOUN
cblr-2872	216	11	:	:	PUNCT
cblr-2872	216	12	support	support	NOUN
cblr-2872	216	13	for	for	ADP
cblr-2872	216	14	a	a	DET
cblr-2872	216	15	cftc	cftc	PROPN
cblr-2872	216	16	/	/	SYM
cblr-2872	216	17	sec	sec	PROPN
cblr-2872	216	18	consolidation	consolidation	NOUN
cblr-2872	216	19	,	,	PUNCT
cblr-2872	216	20	36	36	NUM
cblr-2872	216	21	vill	vill	NOUN
cblr-2872	216	22	.	.	PUNCT
cblr-2872	217	1	l.	l.	PROPN
cblr-2872	217	2	rev	rev	PROPN
cblr-2872	217	3	.	.	PROPN
cblr-2872	217	4	1175	1175	NUM
cblr-2872	217	5	,	,	PUNCT
cblr-2872	217	6	1179	1179	NUM
cblr-2872	217	7	-	-	SYM
cblr-2872	217	8	80	80	NUM
cblr-2872	217	9	(	(	PUNCT
cblr-2872	217	10	1991	1991	NUM
cblr-2872	217	11	)	)	PUNCT
cblr-2872	217	12	(	(	PUNCT
cblr-2872	217	13	describing	describe	VERB
cblr-2872	217	14	changes	change	NOUN
cblr-2872	217	15	in	in	ADP
cblr-2872	217	16	the	the	DET
cblr-2872	217	17	cea	cea	PROPN
cblr-2872	217	18	since	since	SCONJ
cblr-2872	217	19	1974	1974	NUM
cblr-2872	217	20	)	)	PUNCT
cblr-2872	217	21	;	;	PUNCT
cblr-2872	217	22	egon	egon	PROPN
cblr-2872	217	23	guttman	guttman	PROPN
cblr-2872	217	24	,	,	PUNCT
cblr-2872	217	25	the	the	DET
cblr-2872	217	26	futures	future	NOUN
cblr-2872	217	27	trading	trading	PROPN
cblr-2872	217	28	act	act	NOUN
cblr-2872	217	29	of	of	ADP
cblr-2872	217	30	1978	1978	NUM
cblr-2872	217	31	:	:	PUNCT
cblr-2872	217	32	the	the	DET
cblr-2872	217	33	reaffirmation	reaffirmation	NOUN
cblr-2872	217	34	of	of	ADP
cblr-2872	217	35	cftc	cftc	PROPN
cblr-2872	217	36	-	-	PUNCT
cblr-2872	217	37	sec	sec	PROPN
cblr-2872	217	38	coordinated	coordinate	VERB
cblr-2872	217	39	jurisdiction	jurisdiction	NOUN
cblr-2872	217	40	over	over	ADP
cblr-2872	217	41	security	security	NOUN
cblr-2872	217	42	/	/	SYM
cblr-2872	217	43	commodities	commodity	NOUN
cblr-2872	217	44	,	,	PUNCT
cblr-2872	217	45	28	28	NUM
cblr-2872	217	46	am	am	NOUN
cblr-2872	217	47	.	.	PUNCT
cblr-2872	218	1	u.	u.	PROPN
cblr-2872	218	2	l.	l.	PROPN
cblr-2872	218	3	rev	rev	VERB
cblr-2872	218	4	1	1	NUM
cblr-2872	218	5	(	(	PUNCT
cblr-2872	218	6	1978	1978	NUM
cblr-2872	218	7	)	)	PUNCT
cblr-2872	218	8	(	(	PUNCT
cblr-2872	218	9	analyzing	analyze	VERB
cblr-2872	218	10	the	the	DET
cblr-2872	218	11	commodity	commodity	NOUN
cblr-2872	218	12	futures	futures	PROPN
cblr-2872	218	13	trading	trading	PROPN
cblr-2872	218	14	commission	commission	PROPN
cblr-2872	218	15	act	act	NOUN
cblr-2872	218	16	of	of	ADP
cblr-2872	218	17	1974	1974	NUM
cblr-2872	218	18	,	,	PUNCT
cblr-2872	218	19	which	which	PRON
cblr-2872	218	20	amended	amend	VERB
cblr-2872	218	21	the	the	DET
cblr-2872	218	22	cea	cea	PROPN
cblr-2872	218	23	)	)	PUNCT
cblr-2872	218	24	.	.	PUNCT
cblr-2872	219	1	18	18	NUM
cblr-2872	219	2	in	in	ADP
cblr-2872	219	3	addition	addition	NOUN
cblr-2872	219	4	to	to	ADP
cblr-2872	219	5	a	a	DET
cblr-2872	219	6	list	list	NOUN
cblr-2872	219	7	of	of	ADP
cblr-2872	219	8	agricultural	agricultural	ADJ
cblr-2872	219	9	products	product	NOUN
cblr-2872	219	10	,	,	PUNCT
cblr-2872	219	11	the	the	DET
cblr-2872	219	12	definition	definition	NOUN
cblr-2872	219	13	includes	include	VERB
cblr-2872	219	14	"	"	PUNCT
cblr-2872	219	15	all	all	DET
cblr-2872	219	16	other	other	ADJ
cblr-2872	219	17	goods	good	NOUN
cblr-2872	219	18	and	and	CCONJ
cblr-2872	219	19	articles	article	NOUN
cblr-2872	219	20	.	.	PUNCT
cblr-2872	219	21	.	.	PUNCT
cblr-2872	219	22	.	.	PUNCT
cblr-2872	220	1	and	and	CCONJ
cblr-2872	220	2	all	all	DET
cblr-2872	220	3	services	service	NOUN
cblr-2872	220	4	,	,	PUNCT
cblr-2872	220	5	rights	right	NOUN
cblr-2872	220	6	,	,	PUNCT
cblr-2872	220	7	and	and	CCONJ
cblr-2872	220	8	interests	interest	NOUN
cblr-2872	220	9	...	...	PUNCT
cblr-2872	220	10	in	in	ADP
cblr-2872	220	11	which	which	PRON
cblr-2872	220	12	contracts	contract	NOUN
cblr-2872	220	13	for	for	ADP
cblr-2872	220	14	future	future	ADJ
cblr-2872	220	15	delivery	delivery	NOUN
cblr-2872	220	16	are	be	AUX
cblr-2872	220	17	presently	presently	ADV
cblr-2872	220	18	or	or	CCONJ
cblr-2872	220	19	in	in	ADP
cblr-2872	220	20	the	the	DET
cblr-2872	220	21	future	future	NOUN
cblr-2872	220	22	dealt	deal	VERB
cblr-2872	220	23	in	in	ADP
cblr-2872	220	24	.	.	PUNCT
cblr-2872	220	25	"	"	PUNCT
cblr-2872	220	26	commodity	commodity	PROPN
cblr-2872	220	27	exchange	exchange	PROPN
cblr-2872	220	28	act	act	PROPN
cblr-2872	220	29	,	,	PUNCT
cblr-2872	220	30	7	7	NUM
cblr-2872	220	31	u.s.c	u.s.c	ADJ
cblr-2872	220	32	.	.	PUNCT
cblr-2872	221	1	§	§	PROPN
cblr-2872	221	2	la(9	la(9	PROPN
cblr-2872	221	3	)	)	PUNCT
cblr-2872	221	4	(	(	PUNCT
cblr-2872	221	5	2012	2012	NUM
cblr-2872	221	6	)	)	PUNCT
cblr-2872	221	7	.	.	PUNCT
cblr-2872	222	1	the	the	DET
cblr-2872	222	2	only	only	ADJ
cblr-2872	222	3	items	item	NOUN
cblr-2872	222	4	explicitly	explicitly	ADV
cblr-2872	222	5	excluded	exclude	VERB
cblr-2872	222	6	,	,	PUNCT
cblr-2872	222	7	for	for	ADP
cblr-2872	222	8	historical	historical	ADJ
cblr-2872	222	9	reasons	reason	NOUN
cblr-2872	222	10	,	,	PUNCT
cblr-2872	222	11	are	be	AUX
cblr-2872	222	12	onions	onion	NOUN
cblr-2872	222	13	and	and	CCONJ
cblr-2872	222	14	motion	motion	NOUN
cblr-2872	222	15	picture	picture	NOUN
cblr-2872	222	16	box	box	NOUN
cblr-2872	222	17	office	office	NOUN
cblr-2872	222	18	receipts	receipt	NOUN
cblr-2872	222	19	.	.	PUNCT
cblr-2872	223	1	19	19	NUM
cblr-2872	223	2	commodity	commodity	NOUN
cblr-2872	223	3	futures	future	NOUN
cblr-2872	223	4	trading	trading	PROPN
cblr-2872	223	5	commission	commission	PROPN
cblr-2872	223	6	act	act	NOUN
cblr-2872	223	7	of	of	ADP
cblr-2872	223	8	1974	1974	NUM
cblr-2872	223	9	,	,	PUNCT
cblr-2872	223	10	pub	pub	NOUN
cblr-2872	223	11	.	.	PUNCT
cblr-2872	224	1	l.	l.	PROPN
cblr-2872	224	2	no	no	INTJ
cblr-2872	224	3	.	.	PROPN
cblr-2872	225	1	93	93	NUM
cblr-2872	225	2	-	-	SYM
cblr-2872	225	3	463	463	NUM
cblr-2872	225	4	,	,	PUNCT
cblr-2872	225	5	88	88	NUM
cblr-2872	225	6	stat	stat	NOUN
cblr-2872	225	7	.	.	PUNCT
cblr-2872	226	1	1389	1389	NUM
cblr-2872	226	2	(	(	PUNCT
cblr-2872	226	3	1974	1974	NUM
cblr-2872	226	4	)	)	PUNCT
cblr-2872	226	5	.	.	PUNCT
cblr-2872	227	1	for	for	ADP
cblr-2872	227	2	a	a	DET
cblr-2872	227	3	detailed	detailed	ADJ
cblr-2872	227	4	description	description	NOUN
cblr-2872	227	5	of	of	ADP
cblr-2872	227	6	the	the	DET
cblr-2872	227	7	cftc	cftc	PROPN
cblr-2872	227	8	's	's	PART
cblr-2872	227	9	historical	historical	ADJ
cblr-2872	227	10	regulatory	regulatory	ADJ
cblr-2872	227	11	regime	regime	NOUN
cblr-2872	227	12	of	of	ADP
cblr-2872	227	13	derivatives	derivative	NOUN
cblr-2872	227	14	in	in	ADP
cblr-2872	227	15	the	the	DET
cblr-2872	227	16	united	united	PROPN
cblr-2872	227	17	states	states	PROPN
cblr-2872	227	18	,	,	PUNCT
cblr-2872	227	19	see	see	VERB
cblr-2872	227	20	romano	romano	NOUN
cblr-2872	227	21	,	,	PUNCT
cblr-2872	227	22	supra	supra	ADJ
cblr-2872	227	23	note	note	NOUN
cblr-2872	227	24	1	1	NUM
cblr-2872	227	25	,	,	PUNCT
cblr-2872	227	26	at	at	ADP
cblr-2872	227	27	21	21	NUM
cblr-2872	227	28	-	-	SYM
cblr-2872	227	29	30	30	NUM
cblr-2872	227	30	.	.	PUNCT
cblr-2872	228	1	684	684	NUM
cblr-2872	228	2	(	(	PUNCT
cblr-2872	228	3	vol	vol	NOUN
cblr-2872	228	4	.	.	PUNCT
cblr-2872	228	5	2013	2013	NUM
cblr-2872	228	6	regulation	regulation	NOUN
cblr-2872	228	7	through	through	ADP
cblr-2872	228	8	substitution	substitution	NOUN
cblr-2872	228	9	market	market	NOUN
cblr-2872	228	10	:	:	PUNCT
cblr-2872	228	11	the	the	DET
cblr-2872	228	12	securities	security	NOUN
cblr-2872	228	13	market	market	NOUN
cblr-2872	228	14	.	.	PUNCT
cblr-2872	229	1	the	the	DET
cblr-2872	229	2	securities	securities	PROPN
cblr-2872	229	3	act	act	PROPN
cblr-2872	229	4	of	of	ADP
cblr-2872	229	5	193320	193320	NUM
cblr-2872	229	6	was	be	AUX
cblr-2872	229	7	enacted	enact	VERB
cblr-2872	229	8	to	to	PART
cblr-2872	229	9	regulate	regulate	VERB
cblr-2872	229	10	offerings	offering	NOUN
cblr-2872	229	11	of	of	ADP
cblr-2872	229	12	securities	security	NOUN
cblr-2872	229	13	and	and	CCONJ
cblr-2872	229	14	the	the	DET
cblr-2872	229	15	securities	securities	PROPN
cblr-2872	229	16	exchange	exchange	PROPN
cblr-2872	229	17	act	act	NOUN
cblr-2872	229	18	of	of	ADP
cblr-2872	229	19	193421	193421	NUM
cblr-2872	229	20	established	establish	VERB
cblr-2872	229	21	the	the	DET
cblr-2872	229	22	securities	security	NOUN
cblr-2872	229	23	and	and	CCONJ
cblr-2872	229	24	exchange	exchange	PROPN
cblr-2872	229	25	commission	commission	PROPN
cblr-2872	229	26	(	(	PUNCT
cblr-2872	229	27	"	"	PUNCT
cblr-2872	229	28	sec	sec	PROPN
cblr-2872	229	29	"	"	PUNCT
cblr-2872	229	30	)	)	PUNCT
cblr-2872	229	31	and	and	CCONJ
cblr-2872	229	32	imposed	impose	VERB
cblr-2872	229	33	regulations	regulation	NOUN
cblr-2872	229	34	on	on	ADP
cblr-2872	229	35	securities	security	NOUN
cblr-2872	229	36	market	market	NOUN
cblr-2872	229	37	participants	participant	NOUN
cblr-2872	229	38	.	.	PUNCT
cblr-2872	230	1	in	in	ADP
cblr-2872	230	2	the	the	DET
cblr-2872	230	3	late	late	ADJ
cblr-2872	230	4	1970s	1970	NOUN
cblr-2872	230	5	and	and	CCONJ
cblr-2872	230	6	early	early	ADJ
cblr-2872	230	7	1980s	1980s	NUM
cblr-2872	230	8	,	,	PUNCT
cblr-2872	230	9	the	the	DET
cblr-2872	230	10	sharp	sharp	ADJ
cblr-2872	230	11	line	line	NOUN
cblr-2872	230	12	between	between	ADP
cblr-2872	230	13	the	the	DET
cblr-2872	230	14	agriculturally	agriculturally	ADV
cblr-2872	230	15	-	-	PUNCT
cblr-2872	230	16	focused	focus	VERB
cblr-2872	230	17	products	product	NOUN
cblr-2872	230	18	regulated	regulate	VERB
cblr-2872	230	19	by	by	ADP
cblr-2872	230	20	the	the	DET
cblr-2872	230	21	cftc	cftc	PROPN
cblr-2872	230	22	and	and	CCONJ
cblr-2872	230	23	the	the	DET
cblr-2872	230	24	financially	financially	ADV
cblr-2872	230	25	-	-	PUNCT
cblr-2872	230	26	focused	focus	VERB
cblr-2872	230	27	products	product	NOUN
cblr-2872	230	28	regulated	regulate	VERB
cblr-2872	230	29	by	by	ADP
cblr-2872	230	30	the	the	DET
cblr-2872	230	31	sec	sec	PROPN
cblr-2872	230	32	began	begin	VERB
cblr-2872	230	33	to	to	PART
cblr-2872	230	34	blur	blur	VERB
cblr-2872	230	35	.	.	PUNCT
cblr-2872	231	1	futures	future	NOUN
cblr-2872	231	2	markets	market	NOUN
cblr-2872	231	3	began	begin	VERB
cblr-2872	231	4	to	to	PART
cblr-2872	231	5	list	list	VERB
cblr-2872	231	6	futures	future	NOUN
cblr-2872	231	7	contracts	contract	NOUN
cblr-2872	231	8	with	with	ADP
cblr-2872	231	9	non	non	ADJ
cblr-2872	231	10	-	-	ADJ
cblr-2872	231	11	agricultural	agricultural	ADJ
cblr-2872	231	12	underlying	underlying	ADJ
cblr-2872	231	13	products	product	NOUN
cblr-2872	231	14	,	,	PUNCT
cblr-2872	231	15	which	which	PRON
cblr-2872	231	16	were	be	AUX
cblr-2872	231	17	within	within	ADP
cblr-2872	231	18	the	the	DET
cblr-2872	231	19	cftc	cftc	PROPN
cblr-2872	231	20	's	's	PART
cblr-2872	231	21	jurisdiction	jurisdiction	NOUN
cblr-2872	231	22	due	due	ADP
cblr-2872	231	23	to	to	ADP
cblr-2872	231	24	the	the	DET
cblr-2872	231	25	broad	broad	ADJ
cblr-2872	231	26	definition	definition	NOUN
cblr-2872	231	27	of	of	ADP
cblr-2872	231	28	"	"	PUNCT
cblr-2872	231	29	commodity	commodity	NOUN
cblr-2872	231	30	"	"	PUNCT
cblr-2872	231	31	in	in	ADP
cblr-2872	231	32	the	the	DET
cblr-2872	231	33	commodity	commodity	NOUN
cblr-2872	231	34	exchange	exchange	NOUN
cblr-2872	231	35	act.22	act.22	PRON
cblr-2872	231	36	under	under	ADP
cblr-2872	231	37	the	the	DET
cblr-2872	231	38	inexorable	inexorable	ADJ
cblr-2872	231	39	force	force	NOUN
cblr-2872	231	40	of	of	ADP
cblr-2872	231	41	innovation,23	innovation,23	NOUN
cblr-2872	231	42	these	these	DET
cblr-2872	231	43	products	product	NOUN
cblr-2872	231	44	grew	grow	VERB
cblr-2872	231	45	more	more	ADV
cblr-2872	231	46	complex	complex	ADJ
cblr-2872	231	47	and	and	CCONJ
cblr-2872	231	48	started	start	VERB
cblr-2872	231	49	to	to	PART
cblr-2872	231	50	resemble	resemble	VERB
cblr-2872	231	51	modern	modern	ADJ
cblr-2872	231	52	financial	financial	ADJ
cblr-2872	231	53	products	product	NOUN
cblr-2872	231	54	more	more	ADJ
cblr-2872	231	55	than	than	SCONJ
cblr-2872	231	56	they	they	PRON
cblr-2872	231	57	resembled	resemble	VERB
cblr-2872	231	58	their	their	PRON
cblr-2872	231	59	agricultural	agricultural	ADJ
cblr-2872	231	60	futures	future	NOUN
cblr-2872	231	61	ancestors	ancestor	NOUN
cblr-2872	231	62	.	.	PUNCT
cblr-2872	232	1	examples	example	NOUN
cblr-2872	232	2	of	of	ADP
cblr-2872	232	3	some	some	PRON
cblr-2872	232	4	of	of	ADP
cblr-2872	232	5	these	these	DET
cblr-2872	232	6	new	new	ADJ
cblr-2872	232	7	products	product	NOUN
cblr-2872	232	8	include	include	VERB
cblr-2872	232	9	transactions	transaction	NOUN
cblr-2872	232	10	to	to	PART
cblr-2872	232	11	shift	shift	VERB
cblr-2872	232	12	interest	interest	NOUN
cblr-2872	232	13	rate	rate	NOUN
cblr-2872	232	14	exposure	exposure	NOUN
cblr-2872	232	15	specific	specific	ADJ
cblr-2872	232	16	to	to	ADP
cblr-2872	232	17	a	a	DET
cblr-2872	232	18	particular	particular	ADJ
cblr-2872	232	19	loan	loan	NOUN
cblr-2872	232	20	(	(	PUNCT
cblr-2872	232	21	interest	interest	NOUN
cblr-2872	232	22	rate	rate	NOUN
cblr-2872	232	23	swaps	swap	NOUN
cblr-2872	232	24	)	)	PUNCT
cblr-2872	232	25	,	,	PUNCT
cblr-2872	232	26	transactions	transaction	NOUN
cblr-2872	232	27	to	to	PART
cblr-2872	232	28	shift	shift	VERB
cblr-2872	232	29	the	the	DET
cblr-2872	232	30	risk	risk	NOUN
cblr-2872	232	31	of	of	ADP
cblr-2872	232	32	default	default	NOUN
cblr-2872	232	33	on	on	ADP
cblr-2872	232	34	a	a	DET
cblr-2872	232	35	particular	particular	ADJ
cblr-2872	232	36	bond	bond	NOUN
cblr-2872	232	37	or	or	CCONJ
cblr-2872	232	38	basket	basket	NOUN
cblr-2872	232	39	of	of	ADP
cblr-2872	232	40	bonds	bond	NOUN
cblr-2872	232	41	(	(	PUNCT
cblr-2872	232	42	credit	credit	NOUN
cblr-2872	232	43	default	default	NOUN
cblr-2872	232	44	swaps),24	swaps),24	NOUN
cblr-2872	232	45	and	and	CCONJ
cblr-2872	232	46	other	other	ADJ
cblr-2872	232	47	similar	similar	ADJ
cblr-2872	232	48	transactions	transaction	NOUN
cblr-2872	232	49	on	on	ADP
cblr-2872	232	50	20	20	NUM
cblr-2872	232	51	securities	security	NOUN
cblr-2872	232	52	act	act	NOUN
cblr-2872	232	53	of	of	ADP
cblr-2872	232	54	1933	1933	NUM
cblr-2872	232	55	,	,	PUNCT
cblr-2872	232	56	pub	pub	NOUN
cblr-2872	232	57	.	.	PUNCT
cblr-2872	233	1	l.	l.	PROPN
cblr-2872	233	2	no	no	INTJ
cblr-2872	233	3	.	.	PUNCT
cblr-2872	234	1	73	73	NUM
cblr-2872	234	2	-	-	SYM
cblr-2872	234	3	22	22	NUM
cblr-2872	234	4	,	,	PUNCT
cblr-2872	234	5	48	48	NUM
cblr-2872	234	6	stat	stat	NOUN
cblr-2872	234	7	.	.	PUNCT
cblr-2872	235	1	74	74	NUM
cblr-2872	235	2	(	(	PUNCT
cblr-2872	235	3	1933	1933	NUM
cblr-2872	235	4	)	)	PUNCT
cblr-2872	235	5	.	.	PUNCT
cblr-2872	236	1	21	21	NUM
cblr-2872	236	2	securities	security	NOUN
cblr-2872	236	3	exchange	exchange	PROPN
cblr-2872	236	4	act	act	NOUN
cblr-2872	236	5	of	of	ADP
cblr-2872	236	6	1934	1934	NUM
cblr-2872	236	7	,	,	PUNCT
cblr-2872	236	8	pub	pub	NOUN
cblr-2872	236	9	.	.	PUNCT
cblr-2872	237	1	l.	l.	PROPN
cblr-2872	237	2	no	no	INTJ
cblr-2872	237	3	.	.	PROPN
cblr-2872	238	1	73	73	NUM
cblr-2872	238	2	-	-	SYM
cblr-2872	238	3	291	291	NUM
cblr-2872	238	4	,	,	PUNCT
cblr-2872	238	5	48	48	NUM
cblr-2872	238	6	stat	stat	NOUN
cblr-2872	238	7	.	.	PUNCT
cblr-2872	239	1	881	881	NUM
cblr-2872	239	2	(	(	PUNCT
cblr-2872	239	3	1934	1934	NUM
cblr-2872	239	4	)	)	PUNCT
cblr-2872	239	5	.	.	PUNCT
cblr-2872	240	1	22	22	NUM
cblr-2872	240	2	see	see	VERB
cblr-2872	240	3	robert	robert	PROPN
cblr-2872	240	4	e.	e.	PROPN
cblr-2872	240	5	whaley	whaley	PROPN
cblr-2872	240	6	,	,	PUNCT
cblr-2872	240	7	derivatives	derivative	NOUN
cblr-2872	240	8	,	,	PUNCT
cblr-2872	240	9	in	in	ADP
cblr-2872	240	10	lb	lb	DET
cblr-2872	240	11	handbook	handbook	NOUN
cblr-2872	240	12	of	of	ADP
cblr-2872	240	13	the	the	DET
cblr-2872	240	14	economics	economic	NOUN
cblr-2872	240	15	of	of	ADP
cblr-2872	240	16	finance	finance	NOUN
cblr-2872	240	17	:	:	PUNCT
cblr-2872	240	18	financial	financial	ADJ
cblr-2872	240	19	markets	market	NOUN
cblr-2872	240	20	and	and	CCONJ
cblr-2872	240	21	asset	asset	NOUN
cblr-2872	240	22	pricing	pricing	NOUN
cblr-2872	240	23	1129	1129	NUM
cblr-2872	240	24	,	,	PUNCT
cblr-2872	240	25	1135	1135	NUM
cblr-2872	240	26	-	-	SYM
cblr-2872	240	27	36	36	NUM
cblr-2872	240	28	(	(	PUNCT
cblr-2872	240	29	george	george	PROPN
cblr-2872	240	30	m.	m.	PROPN
cblr-2872	240	31	constantinides	constantinide	VERB
cblr-2872	240	32	et	et	PROPN
cblr-2872	240	33	al	al	PROPN
cblr-2872	240	34	.	.	PUNCT
cblr-2872	241	1	eds	eds	PROPN
cblr-2872	241	2	.	.	PROPN
cblr-2872	241	3	,	,	PUNCT
cblr-2872	241	4	2003	2003	NUM
cblr-2872	241	5	)	)	PUNCT
cblr-2872	241	6	;	;	PUNCT
cblr-2872	241	7	jerry	jerry	PROPN
cblr-2872	241	8	w.	w.	PROPN
cblr-2872	241	9	markham	markham	PROPN
cblr-2872	241	10	,	,	PUNCT
cblr-2872	241	11	federal	federal	ADJ
cblr-2872	241	12	regulation	regulation	NOUN
cblr-2872	241	13	of	of	ADP
cblr-2872	241	14	margin	margin	NOUN
cblr-2872	241	15	in	in	ADP
cblr-2872	241	16	the	the	DET
cblr-2872	241	17	commodity	commodity	NOUN
cblr-2872	241	18	futures	future	NOUN
cblr-2872	241	19	industry	industry	NOUN
cblr-2872	241	20	-	-	PUNCT
cblr-2872	241	21	history	history	NOUN
cblr-2872	241	22	and	and	CCONJ
cblr-2872	241	23	theory	theory	NOUN
cblr-2872	241	24	,	,	PUNCT
cblr-2872	241	25	64	64	NUM
cblr-2872	241	26	temp	temp	NOUN
cblr-2872	241	27	.	.	PUNCT
cblr-2872	242	1	l.	l.	PROPN
cblr-2872	242	2	rev	rev	PROPN
cblr-2872	242	3	.	.	PROPN
cblr-2872	242	4	59	59	NUM
cblr-2872	242	5	,	,	PUNCT
cblr-2872	242	6	87	87	NUM
cblr-2872	242	7	(	(	PUNCT
cblr-2872	242	8	1991	1991	NUM
cblr-2872	242	9	)	)	PUNCT
cblr-2872	242	10	.	.	PUNCT
cblr-2872	243	1	23	23	NUM
cblr-2872	243	2	part	part	NOUN
cblr-2872	243	3	of	of	ADP
cblr-2872	243	4	this	this	DET
cblr-2872	243	5	innovation	innovation	NOUN
cblr-2872	243	6	was	be	AUX
cblr-2872	243	7	due	due	ADJ
cblr-2872	243	8	to	to	ADP
cblr-2872	243	9	the	the	DET
cblr-2872	243	10	invention	invention	NOUN
cblr-2872	243	11	of	of	ADP
cblr-2872	243	12	advanced	advanced	ADJ
cblr-2872	243	13	asset	asset	NOUN
cblr-2872	243	14	pricing	pricing	NOUN
cblr-2872	243	15	models	model	NOUN
cblr-2872	243	16	,	,	PUNCT
cblr-2872	243	17	including	include	VERB
cblr-2872	243	18	the	the	DET
cblr-2872	243	19	black	black	ADJ
cblr-2872	243	20	-	-	PUNCT
cblr-2872	243	21	scholes	schole	NOUN
cblr-2872	243	22	option	option	NOUN
cblr-2872	243	23	pricing	pricing	NOUN
cblr-2872	243	24	model	model	NOUN
cblr-2872	243	25	.	.	PUNCT
cblr-2872	244	1	see	see	VERB
cblr-2872	244	2	fischer	fischer	PROPN
cblr-2872	244	3	black	black	PROPN
cblr-2872	244	4	&	&	CCONJ
cblr-2872	244	5	myron	myron	PROPN
cblr-2872	244	6	scholes	scholes	PROPN
cblr-2872	244	7	,	,	PUNCT
cblr-2872	244	8	the	the	DET
cblr-2872	244	9	pricing	pricing	NOUN
cblr-2872	244	10	of	of	ADP
cblr-2872	244	11	options	option	NOUN
cblr-2872	244	12	and	and	CCONJ
cblr-2872	244	13	corporate	corporate	ADJ
cblr-2872	244	14	liabilities	liability	NOUN
cblr-2872	244	15	,	,	PUNCT
cblr-2872	244	16	81	81	NUM
cblr-2872	244	17	j.	j.	PROPN
cblr-2872	244	18	pol	pol	PROPN
cblr-2872	244	19	.	.	PUNCT
cblr-2872	245	1	econ	econ	PROPN
cblr-2872	245	2	.	.	PUNCT
cblr-2872	246	1	637	637	NUM
cblr-2872	246	2	(	(	PUNCT
cblr-2872	246	3	1973	1973	NUM
cblr-2872	246	4	)	)	PUNCT
cblr-2872	246	5	;	;	PUNCT
cblr-2872	246	6	see	see	VERB
cblr-2872	246	7	also	also	ADV
cblr-2872	246	8	hu	hu	PROPN
cblr-2872	246	9	,	,	PUNCT
cblr-2872	246	10	supra	supra	PROPN
cblr-2872	246	11	note	note	PROPN
cblr-2872	246	12	1	1	NUM
cblr-2872	246	13	,	,	PUNCT
cblr-2872	246	14	at	at	ADP
cblr-2872	246	15	146970	146970	NUM
cblr-2872	246	16	(	(	PUNCT
cblr-2872	246	17	"	"	PUNCT
cblr-2872	246	18	to	to	PART
cblr-2872	246	19	begin	begin	AUX
cblr-2872	246	20	systemically	systemically	ADV
cblr-2872	246	21	offering	offer	VERB
cblr-2872	246	22	a	a	DET
cblr-2872	246	23	broad	broad	ADJ
cblr-2872	246	24	range	range	NOUN
cblr-2872	246	25	of	of	ADP
cblr-2872	246	26	derivatives	derivative	NOUN
cblr-2872	246	27	,	,	PUNCT
cblr-2872	246	28	banks	bank	NOUN
cblr-2872	246	29	needed	need	VERB
cblr-2872	246	30	a	a	DET
cblr-2872	246	31	conceptual	conceptual	ADJ
cblr-2872	246	32	breakthrough	breakthrough	NOUN
cblr-2872	246	33	.	.	PUNCT
cblr-2872	247	1	in	in	ADP
cblr-2872	247	2	1973	1973	NUM
cblr-2872	247	3	,	,	PUNCT
cblr-2872	247	4	fischer	fischer	PROPN
cblr-2872	247	5	black	black	PROPN
cblr-2872	247	6	and	and	CCONJ
cblr-2872	247	7	myron	myron	PROPN
cblr-2872	247	8	scholes	schole	NOUN
cblr-2872	247	9	provided	provide	VERB
cblr-2872	247	10	the	the	DET
cblr-2872	247	11	breakthrough	breakthrough	NOUN
cblr-2872	247	12	with	with	ADP
cblr-2872	247	13	their	their	PRON
cblr-2872	247	14	option	option	NOUN
cblr-2872	247	15	pricing	pricing	NOUN
cblr-2872	247	16	model	model	NOUN
cblr-2872	247	17	.	.	PUNCT
cblr-2872	248	1	grounded	ground	VERB
cblr-2872	248	2	in	in	ADP
cblr-2872	248	3	certain	certain	ADJ
cblr-2872	248	4	assumptions	assumption	NOUN
cblr-2872	248	5	about	about	ADP
cblr-2872	248	6	arbitrage	arbitrage	NOUN
cblr-2872	248	7	,	,	PUNCT
cblr-2872	248	8	their	their	PRON
cblr-2872	248	9	option	option	NOUN
cblr-2872	248	10	pricing	pricing	NOUN
cblr-2872	248	11	model	model	NOUN
cblr-2872	248	12	generated	generate	VERB
cblr-2872	248	13	an	an	DET
cblr-2872	248	14	exact	exact	ADJ
cblr-2872	248	15	theoretical	theoretical	ADJ
cblr-2872	248	16	price	price	NOUN
cblr-2872	248	17	for	for	ADP
cblr-2872	248	18	the	the	DET
cblr-2872	248	19	market	market	NOUN
cblr-2872	248	20	value	value	NOUN
cblr-2872	248	21	of	of	ADP
cblr-2872	248	22	options	option	NOUN
cblr-2872	248	23	.	.	PUNCT
cblr-2872	249	1	"	"	PUNCT
cblr-2872	249	2	)	)	PUNCT
cblr-2872	249	3	.	.	PUNCT
cblr-2872	250	1	24	24	NUM
cblr-2872	250	2	see	see	VERB
cblr-2872	250	3	yadav	yadav	NOUN
cblr-2872	250	4	,	,	PUNCT
cblr-2872	250	5	supra	supra	PROPN
cblr-2872	250	6	note	note	PROPN
cblr-2872	250	7	1	1	NUM
cblr-2872	250	8	,	,	PUNCT
cblr-2872	250	9	at	at	ADP
cblr-2872	250	10	401	401	NUM
cblr-2872	250	11	(	(	PUNCT
cblr-2872	250	12	describing	describe	VERB
cblr-2872	250	13	credit	credit	NOUN
cblr-2872	250	14	derivatives	derivative	NOUN
cblr-2872	250	15	,	,	PUNCT
cblr-2872	250	16	including	include	VERB
cblr-2872	250	17	credit	credit	NOUN
cblr-2872	250	18	default	default	NOUN
cblr-2872	250	19	swaps	swap	NOUN
cblr-2872	250	20	,	,	PUNCT
cblr-2872	250	21	as	as	ADP
cblr-2872	250	22	"	"	PUNCT
cblr-2872	250	23	a	a	DET
cblr-2872	250	24	contract	contract	NOUN
cblr-2872	250	25	whose	whose	DET
cblr-2872	250	26	value	value	NOUN
cblr-2872	250	27	is	be	AUX
cblr-2872	250	28	determined	determine	VERB
cblr-2872	250	29	no	no	INTJ
cblr-2872	250	30	.	.	PUNCT
cblr-2872	251	1	3:667	3:667	NUM
cblr-2872	251	2	]	]	PUNCT
cblr-2872	251	3	685	685	NUM
cblr-2872	251	4	columbia	columbia	PROPN
cblr-2872	251	5	business	business	NOUN
cblr-2872	251	6	law	law	NOUN
cblr-2872	251	7	review	review	VERB
cblr-2872	251	8	financial	financial	ADJ
cblr-2872	251	9	instruments.25	instruments.25	NOUN
cblr-2872	251	10	rather	rather	ADV
cblr-2872	251	11	than	than	ADP
cblr-2872	251	12	being	be	AUX
cblr-2872	251	13	standardized	standardized	ADJ
cblr-2872	251	14	products	product	NOUN
cblr-2872	251	15	,	,	PUNCT
cblr-2872	251	16	these	these	DET
cblr-2872	251	17	"	"	PUNCT
cblr-2872	251	18	swap	swap	NOUN
cblr-2872	251	19	"	"	PUNCT
cblr-2872	251	20	transactions	transaction	NOUN
cblr-2872	251	21	were	be	AUX
cblr-2872	251	22	customized	customize	VERB
cblr-2872	251	23	to	to	ADP
cblr-2872	251	24	the	the	DET
cblr-2872	251	25	specifications	specification	NOUN
cblr-2872	251	26	of	of	ADP
cblr-2872	251	27	the	the	DET
cblr-2872	251	28	market	market	NOUN
cblr-2872	251	29	participants	participant	NOUN
cblr-2872	251	30	who	who	PRON
cblr-2872	251	31	entered	enter	VERB
cblr-2872	251	32	into	into	ADP
cblr-2872	251	33	them	they	PRON
cblr-2872	251	34	,	,	PUNCT
cblr-2872	251	35	and	and	CCONJ
cblr-2872	251	36	thus	thus	ADV
cblr-2872	251	37	the	the	DET
cblr-2872	251	38	transactions	transaction	NOUN
cblr-2872	251	39	could	could	AUX
cblr-2872	251	40	provide	provide	VERB
cblr-2872	251	41	a	a	DET
cblr-2872	251	42	more	more	ADV
cblr-2872	251	43	tailored	tailor	VERB
cblr-2872	251	44	allocation	allocation	NOUN
cblr-2872	251	45	of	of	ADP
cblr-2872	251	46	risks	risk	NOUN
cblr-2872	251	47	between	between	ADP
cblr-2872	251	48	the	the	DET
cblr-2872	251	49	two	two	NUM
cblr-2872	251	50	counterparties	counterpartie	NOUN
cblr-2872	251	51	.	.	PUNCT
cblr-2872	252	1	as	as	SCONJ
cblr-2872	252	2	these	these	DET
cblr-2872	252	3	markets	market	NOUN
cblr-2872	252	4	evolved	evolve	VERB
cblr-2872	252	5	,	,	PUNCT
cblr-2872	252	6	the	the	DET
cblr-2872	252	7	cftc	cftc	PROPN
cblr-2872	252	8	and	and	CCONJ
cblr-2872	252	9	the	the	DET
cblr-2872	252	10	sec	sec	PROPN
cblr-2872	252	11	,	,	PUNCT
cblr-2872	252	12	as	as	ADV
cblr-2872	252	13	well	well	ADV
cblr-2872	252	14	as	as	ADP
cblr-2872	252	15	the	the	DET
cblr-2872	252	16	agriculture	agriculture	NOUN
cblr-2872	252	17	and	and	CCONJ
cblr-2872	252	18	banking	banking	NOUN
cblr-2872	252	19	committees	committee	NOUN
cblr-2872	252	20	in	in	ADP
cblr-2872	252	21	congress	congress	PROPN
cblr-2872	252	22	that	that	PRON
cblr-2872	252	23	oversee	oversee	VERB
cblr-2872	252	24	the	the	DET
cblr-2872	252	25	agencies	agency	NOUN
cblr-2872	252	26	,	,	PUNCT
cblr-2872	252	27	hotly	hotly	ADV
cblr-2872	252	28	debated	debate	VERB
cblr-2872	252	29	which	which	DET
cblr-2872	252	30	agency	agency	NOUN
cblr-2872	252	31	should	should	AUX
cblr-2872	252	32	regulate	regulate	VERB
cblr-2872	252	33	these	these	DET
cblr-2872	252	34	new	new	ADJ
cblr-2872	252	35	"	"	PUNCT
cblr-2872	252	36	swap"2	swap"2	PROPN
cblr-2872	252	37	6	6	NUM
cblr-2872	252	38	products	product	NOUN
cblr-2872	252	39	that	that	PRON
cblr-2872	252	40	were	be	AUX
cblr-2872	252	41	neither	neither	CCONJ
cblr-2872	252	42	entirely	entirely	ADV
cblr-2872	252	43	futures	future	NOUN
cblr-2872	252	44	nor	nor	CCONJ
cblr-2872	252	45	entirely	entirely	ADV
cblr-2872	252	46	securities	security	NOUN
cblr-2872	252	47	.	.	PUNCT
cblr-2872	253	1	27	27	NUM
cblr-2872	253	2	a	a	DET
cblr-2872	253	3	temporary	temporary	ADJ
cblr-2872	253	4	d6tente	d6tente	ADV
cblr-2872	253	5	was	be	AUX
cblr-2872	253	6	reached	reach	VERB
cblr-2872	253	7	in	in	ADP
cblr-2872	253	8	1982	1982	NUM
cblr-2872	253	9	,	,	PUNCT
cblr-2872	253	10	when	when	SCONJ
cblr-2872	253	11	chairmen	chairman	NOUN
cblr-2872	253	12	john	john	PROPN
cblr-2872	253	13	shad	shad	PROPN
cblr-2872	253	14	of	of	ADP
cblr-2872	253	15	the	the	DET
cblr-2872	253	16	sec	sec	PROPN
cblr-2872	253	17	and	and	CCONJ
cblr-2872	253	18	philip	philip	PROPN
cblr-2872	253	19	johnson	johnson	PROPN
cblr-2872	253	20	of	of	ADP
cblr-2872	253	21	the	the	DET
cblr-2872	253	22	cftc	cftc	PROPN
cblr-2872	253	23	negotiated	negotiate	VERB
cblr-2872	253	24	the	the	DET
cblr-2872	253	25	"	"	PUNCT
cblr-2872	253	26	shad	shad	PROPN
cblr-2872	253	27	-	-	PUNCT
cblr-2872	253	28	johnson	johnson	PROPN
cblr-2872	253	29	accord	accord	NOUN
cblr-2872	253	30	,	,	PUNCT
cblr-2872	253	31	"	"	PUNCT
cblr-2872	253	32	which	which	PRON
cblr-2872	253	33	solomonically	solomonically	ADV
cblr-2872	253	34	split	split	VERB
cblr-2872	253	35	the	the	DET
cblr-2872	253	36	baby	baby	NOUN
cblr-2872	253	37	between	between	ADP
cblr-2872	253	38	the	the	DET
cblr-2872	253	39	two	two	NUM
cblr-2872	253	40	agencies	agency	NOUN
cblr-2872	253	41	along	along	ADP
cblr-2872	253	42	lines	line	NOUN
cblr-2872	253	43	that	that	PRON
cblr-2872	253	44	had	have	VERB
cblr-2872	253	45	more	more	ADJ
cblr-2872	253	46	to	to	PART
cblr-2872	253	47	do	do	VERB
cblr-2872	253	48	by	by	ADP
cblr-2872	253	49	changes	change	NOUN
cblr-2872	253	50	in	in	ADP
cblr-2872	253	51	the	the	DET
cblr-2872	253	52	credit	credit	NOUN
cblr-2872	253	53	risk	risk	NOUN
cblr-2872	253	54	of	of	ADP
cblr-2872	253	55	an	an	DET
cblr-2872	253	56	underlying	underlie	VERB
cblr-2872	253	57	asset	asset	NOUN
cblr-2872	253	58	(	(	PUNCT
cblr-2872	253	59	such	such	ADJ
cblr-2872	253	60	as	as	ADP
cblr-2872	253	61	a	a	DET
cblr-2872	253	62	security	security	NOUN
cblr-2872	253	63	)	)	PUNCT
cblr-2872	253	64	or	or	CCONJ
cblr-2872	253	65	entity	entity	NOUN
cblr-2872	253	66	(	(	PUNCT
cblr-2872	253	67	such	such	ADJ
cblr-2872	253	68	as	as	ADP
cblr-2872	253	69	an	an	DET
cblr-2872	253	70	issuer	issuer	NOUN
cblr-2872	253	71	or	or	CCONJ
cblr-2872	253	72	borrower	borrower	NOUN
cblr-2872	253	73	)	)	PUNCT
cblr-2872	253	74	"	"	PUNCT
cblr-2872	253	75	)	)	PUNCT
cblr-2872	253	76	.	.	PUNCT
cblr-2872	254	1	25	25	NUM
cblr-2872	254	2	for	for	ADP
cblr-2872	254	3	a	a	DET
cblr-2872	254	4	description	description	NOUN
cblr-2872	254	5	of	of	ADP
cblr-2872	254	6	the	the	DET
cblr-2872	254	7	evolution	evolution	NOUN
cblr-2872	254	8	of	of	ADP
cblr-2872	254	9	credit	credit	NOUN
cblr-2872	254	10	default	default	NOUN
cblr-2872	254	11	swap	swap	NOUN
cblr-2872	254	12	markets	market	NOUN
cblr-2872	254	13	,	,	PUNCT
cblr-2872	254	14	including	include	VERB
cblr-2872	254	15	their	their	PRON
cblr-2872	254	16	potential	potential	ADJ
cblr-2872	254	17	uses	use	NOUN
cblr-2872	254	18	to	to	PART
cblr-2872	254	19	shift	shift	VERB
cblr-2872	254	20	credit	credit	NOUN
cblr-2872	254	21	risk	risk	NOUN
cblr-2872	254	22	,	,	PUNCT
cblr-2872	254	23	see	see	VERB
cblr-2872	254	24	partnoy	partnoy	NOUN
cblr-2872	254	25	&	&	CCONJ
cblr-2872	254	26	skeel	skeel	ADJ
cblr-2872	254	27	,	,	PUNCT
cblr-2872	254	28	supra	supra	ADJ
cblr-2872	254	29	note	note	NOUN
cblr-2872	254	30	1	1	X
cblr-2872	254	31	.	.	X
cblr-2872	255	1	see	see	VERB
cblr-2872	255	2	also	also	ADV
cblr-2872	255	3	yadav	yadav	PROPN
cblr-2872	255	4	,	,	PUNCT
cblr-2872	255	5	supra	supra	PROPN
cblr-2872	255	6	note	note	PROPN
cblr-2872	255	7	1	1	NUM
cblr-2872	255	8	,	,	PUNCT
cblr-2872	255	9	at	at	ADP
cblr-2872	255	10	406	406	NUM
cblr-2872	255	11	-	-	SYM
cblr-2872	255	12	16	16	NUM
cblr-2872	255	13	(	(	PUNCT
cblr-2872	255	14	describing	describe	VERB
cblr-2872	255	15	the	the	DET
cblr-2872	255	16	development	development	NOUN
cblr-2872	255	17	of	of	ADP
cblr-2872	255	18	clearinghouses	clearinghouse	NOUN
cblr-2872	255	19	in	in	ADP
cblr-2872	255	20	the	the	DET
cblr-2872	255	21	context	context	NOUN
cblr-2872	255	22	of	of	ADP
cblr-2872	255	23	credit	credit	NOUN
cblr-2872	255	24	derivatives	derivative	NOUN
cblr-2872	255	25	)	)	PUNCT
cblr-2872	255	26	.	.	PUNCT
cblr-2872	256	1	26	26	NUM
cblr-2872	257	1	"	"	PUNCT
cblr-2872	257	2	a	a	DET
cblr-2872	257	3	swap	swap	NOUN
cblr-2872	257	4	is	be	AUX
cblr-2872	257	5	an	an	DET
cblr-2872	257	6	agreement	agreement	NOUN
cblr-2872	257	7	between	between	ADP
cblr-2872	257	8	two	two	NUM
cblr-2872	257	9	companies	company	NOUN
cblr-2872	257	10	to	to	PART
cblr-2872	257	11	exchange	exchange	VERB
cblr-2872	257	12	cash	cash	NOUN
cblr-2872	257	13	flows	flow	NOUN
cblr-2872	257	14	in	in	ADP
cblr-2872	257	15	the	the	DET
cblr-2872	257	16	future	future	NOUN
cblr-2872	257	17	.	.	PUNCT
cblr-2872	257	18	"	"	PUNCT
cblr-2872	258	1	john	john	PROPN
cblr-2872	258	2	c.	c.	PROPN
cblr-2872	258	3	hull	hull	PROPN
cblr-2872	258	4	,	,	PUNCT
cblr-2872	258	5	options	option	NOUN
cblr-2872	258	6	,	,	PUNCT
cblr-2872	258	7	futures	future	NOUN
cblr-2872	258	8	and	and	CCONJ
cblr-2872	258	9	other	other	ADJ
cblr-2872	258	10	derivatives	derivative	NOUN
cblr-2872	258	11	149	149	NUM
cblr-2872	258	12	(	(	PUNCT
cblr-2872	258	13	6th	6th	ADJ
cblr-2872	258	14	ed	ed	NOUN
cblr-2872	258	15	.	.	PUNCT
cblr-2872	258	16	2006	2006	NUM
cblr-2872	258	17	)	)	PUNCT
cblr-2872	258	18	.	.	PUNCT
cblr-2872	259	1	for	for	ADP
cblr-2872	259	2	a	a	DET
cblr-2872	259	3	thorough	thorough	ADJ
cblr-2872	259	4	treatment	treatment	NOUN
cblr-2872	259	5	of	of	ADP
cblr-2872	259	6	the	the	DET
cblr-2872	259	7	economics	economic	NOUN
cblr-2872	259	8	of	of	ADP
cblr-2872	259	9	certain	certain	ADJ
cblr-2872	259	10	swap	swap	NOUN
cblr-2872	259	11	transactions	transaction	NOUN
cblr-2872	259	12	and	and	CCONJ
cblr-2872	259	13	their	their	PRON
cblr-2872	259	14	uses	use	NOUN
cblr-2872	259	15	,	,	PUNCT
cblr-2872	259	16	see	see	VERB
cblr-2872	259	17	i	i	PRON
cblr-2872	259	18	d.	d.	PROPN
cblr-2872	259	19	and	and	CCONJ
cblr-2872	259	20	frank	frank	PROPN
cblr-2872	259	21	partnoy	partnoy	ADJ
cblr-2872	259	22	,	,	PUNCT
cblr-2872	259	23	financial	financial	ADJ
cblr-2872	259	24	derivatives	derivative	NOUN
cblr-2872	259	25	and	and	CCONJ
cblr-2872	259	26	the	the	DET
cblr-2872	259	27	costs	cost	NOUN
cblr-2872	259	28	of	of	ADP
cblr-2872	259	29	regulatory	regulatory	ADJ
cblr-2872	259	30	arbitrage	arbitrage	NOUN
cblr-2872	259	31	,	,	PUNCT
cblr-2872	259	32	22	22	NUM
cblr-2872	259	33	j.	j.	PROPN
cblr-2872	259	34	corp	corp	PROPN
cblr-2872	259	35	.	.	PROPN
cblr-2872	259	36	l.	l.	PROPN
cblr-2872	259	37	211	211	NUM
cblr-2872	259	38	,	,	PUNCT
cblr-2872	259	39	218	218	NUM
cblr-2872	259	40	-	-	SYM
cblr-2872	259	41	20	20	NUM
cblr-2872	259	42	(	(	PUNCT
cblr-2872	259	43	1997	1997	NUM
cblr-2872	259	44	)	)	PUNCT
cblr-2872	259	45	.	.	PUNCT
cblr-2872	260	1	27	27	NUM
cblr-2872	260	2	for	for	ADP
cblr-2872	260	3	a	a	DET
cblr-2872	260	4	more	more	ADV
cblr-2872	260	5	detailed	detailed	ADJ
cblr-2872	260	6	introduction	introduction	NOUN
cblr-2872	260	7	to	to	ADP
cblr-2872	260	8	the	the	DET
cblr-2872	260	9	debate	debate	NOUN
cblr-2872	260	10	over	over	ADP
cblr-2872	260	11	agency	agency	NOUN
cblr-2872	260	12	regulation	regulation	NOUN
cblr-2872	260	13	of	of	ADP
cblr-2872	260	14	swap	swap	NOUN
cblr-2872	260	15	products	product	NOUN
cblr-2872	260	16	,	,	PUNCT
cblr-2872	260	17	see	see	VERB
cblr-2872	260	18	jerry	jerry	PROPN
cblr-2872	260	19	w.	w.	PROPN
cblr-2872	260	20	markham	markham	PROPN
cblr-2872	260	21	,	,	PUNCT
cblr-2872	260	22	a	a	DET
cblr-2872	260	23	financial	financial	ADJ
cblr-2872	260	24	history	history	NOUN
cblr-2872	260	25	of	of	ADP
cblr-2872	260	26	the	the	DET
cblr-2872	260	27	united	united	PROPN
cblr-2872	260	28	states	states	PROPN
cblr-2872	260	29	,	,	PUNCT
cblr-2872	260	30	volume	volume	NOUN
cblr-2872	260	31	iii	iii	NOUN
cblr-2872	260	32	:	:	PUNCT
cblr-2872	260	33	from	from	ADP
cblr-2872	260	34	the	the	DET
cblr-2872	260	35	age	age	NOUN
cblr-2872	260	36	of	of	ADP
cblr-2872	260	37	derivatives	derivative	NOUN
cblr-2872	260	38	into	into	ADP
cblr-2872	260	39	the	the	DET
cblr-2872	260	40	new	new	ADJ
cblr-2872	260	41	millennium	millennium	NOUN
cblr-2872	260	42	(	(	PUNCT
cblr-2872	260	43	1970	1970	NUM
cblr-2872	260	44	-	-	SYM
cblr-2872	260	45	2001	2001	NUM
cblr-2872	260	46	)	)	PUNCT
cblr-2872	260	47	96	96	NUM
cblr-2872	260	48	-	-	SYM
cblr-2872	260	49	97	97	NUM
cblr-2872	260	50	(	(	PUNCT
cblr-2872	260	51	2002	2002	NUM
cblr-2872	260	52	)	)	PUNCT
cblr-2872	260	53	.	.	PUNCT
cblr-2872	261	1	see	see	VERB
cblr-2872	261	2	also	also	ADV
cblr-2872	261	3	u.s	u.s	PROPN
cblr-2872	261	4	.	.	PROPN
cblr-2872	261	5	gen	gen	PROPN
cblr-2872	261	6	.	.	PROPN
cblr-2872	261	7	accounting	accounting	PROPN
cblr-2872	261	8	office	office	PROPN
cblr-2872	261	9	,	,	PUNCT
cblr-2872	261	10	cftc	cftc	PROPN
cblr-2872	261	11	and	and	CCONJ
cblr-2872	261	12	sec	sec	PROPN
cblr-2872	261	13	:	:	PUNCT
cblr-2872	261	14	issues	issue	NOUN
cblr-2872	261	15	related	relate	VERB
cblr-2872	261	16	to	to	ADP
cblr-2872	261	17	the	the	DET
cblr-2872	261	18	shadjohnson	shadjohnson	NOUN
cblr-2872	261	19	jurisdictional	jurisdictional	ADJ
cblr-2872	261	20	accord	accord	NOUN
cblr-2872	261	21	(	(	PUNCT
cblr-2872	261	22	2000	2000	NUM
cblr-2872	261	23	)	)	PUNCT
cblr-2872	261	24	,	,	PUNCT
cblr-2872	261	25	available	available	ADJ
cblr-2872	261	26	at	at	ADP
cblr-2872	261	27	http://www.gao.gov/assets/230/228932.pdf	http://www.gao.gov/assets/230/228932.pdf	NOUN
cblr-2872	262	1	[	[	X
cblr-2872	262	2	hereinafter	hereinafter	NOUN
cblr-2872	262	3	gao	gao	PROPN
cblr-2872	262	4	report	report	PROPN
cblr-2872	262	5	]	]	PUNCT
cblr-2872	262	6	(	(	PUNCT
cblr-2872	262	7	analyzing	analyze	VERB
cblr-2872	262	8	issues	issue	NOUN
cblr-2872	262	9	arising	arise	VERB
cblr-2872	262	10	out	out	ADP
cblr-2872	262	11	of	of	ADP
cblr-2872	262	12	the	the	DET
cblr-2872	262	13	shad	shad	PROPN
cblr-2872	262	14	-	-	PUNCT
cblr-2872	262	15	johnson	johnson	PROPN
cblr-2872	262	16	accord	accord	NOUN
cblr-2872	262	17	)	)	PUNCT
cblr-2872	262	18	;	;	PUNCT
cblr-2872	262	19	benson	benson	PROPN
cblr-2872	262	20	,	,	PUNCT
cblr-2872	262	21	supra	supra	PROPN
cblr-2872	262	22	note	note	PROPN
cblr-2872	262	23	17	17	NUM
cblr-2872	262	24	,	,	PUNCT
cblr-2872	262	25	at	at	ADP
cblr-2872	262	26	1185	1185	NUM
cblr-2872	262	27	-	-	SYM
cblr-2872	262	28	91	91	NUM
cblr-2872	262	29	(	(	PUNCT
cblr-2872	262	30	providing	provide	VERB
cblr-2872	262	31	a	a	DET
cblr-2872	262	32	history	history	NOUN
cblr-2872	262	33	of	of	ADP
cblr-2872	262	34	the	the	DET
cblr-2872	262	35	jurisdictional	jurisdictional	ADJ
cblr-2872	262	36	disputes	dispute	NOUN
cblr-2872	262	37	between	between	ADP
cblr-2872	262	38	the	the	DET
cblr-2872	262	39	cftc	cftc	PROPN
cblr-2872	262	40	and	and	CCONJ
cblr-2872	262	41	the	the	DET
cblr-2872	262	42	sec	sec	PROPN
cblr-2872	262	43	)	)	PUNCT
cblr-2872	262	44	;	;	PUNCT
cblr-2872	262	45	markham	markham	PROPN
cblr-2872	262	46	,	,	PUNCT
cblr-2872	262	47	supra	supra	PROPN
cblr-2872	262	48	note	note	PROPN
cblr-2872	262	49	22	22	NUM
cblr-2872	262	50	,	,	PUNCT
cblr-2872	262	51	at	at	ADP
cblr-2872	262	52	87	87	NUM
cblr-2872	262	53	-	-	SYM
cblr-2872	262	54	96	96	NUM
cblr-2872	262	55	(	(	PUNCT
cblr-2872	262	56	discussing	discuss	VERB
cblr-2872	262	57	the	the	DET
cblr-2872	262	58	evolution	evolution	NOUN
cblr-2872	262	59	of	of	ADP
cblr-2872	262	60	the	the	DET
cblr-2872	262	61	futures	future	NOUN
cblr-2872	262	62	market	market	NOUN
cblr-2872	262	63	and	and	CCONJ
cblr-2872	262	64	the	the	DET
cblr-2872	262	65	surrounding	surround	VERB
cblr-2872	262	66	legislative	legislative	ADJ
cblr-2872	262	67	controversy	controversy	NOUN
cblr-2872	262	68	)	)	PUNCT
cblr-2872	262	69	;	;	PUNCT
cblr-2872	262	70	whaley	whaley	PROPN
cblr-2872	262	71	,	,	PUNCT
cblr-2872	262	72	supra	supra	PROPN
cblr-2872	262	73	note	note	PROPN
cblr-2872	262	74	22	22	NUM
cblr-2872	262	75	,	,	PUNCT
cblr-2872	262	76	at	at	ADP
cblr-2872	262	77	1135	1135	NUM
cblr-2872	262	78	-	-	SYM
cblr-2872	262	79	36	36	NUM
cblr-2872	262	80	(	(	PUNCT
cblr-2872	262	81	describing	describe	VERB
cblr-2872	262	82	innovations	innovation	NOUN
cblr-2872	262	83	in	in	ADP
cblr-2872	262	84	the	the	DET
cblr-2872	262	85	futures	future	NOUN
cblr-2872	262	86	market	market	NOUN
cblr-2872	262	87	from	from	ADP
cblr-2872	262	88	the	the	DET
cblr-2872	262	89	late	late	ADJ
cblr-2872	262	90	nineteenth	nineteenth	ADJ
cblr-2872	262	91	century	century	NOUN
cblr-2872	262	92	through	through	ADP
cblr-2872	262	93	the	the	DET
cblr-2872	262	94	1980s	1980s	NUM
cblr-2872	262	95	)	)	PUNCT
cblr-2872	262	96	.	.	PUNCT
cblr-2872	263	1	686	686	NUM
cblr-2872	264	1	[	[	X
cblr-2872	264	2	vol	vol	NOUN
cblr-2872	264	3	.	.	PUNCT
cblr-2872	264	4	2013	2013	NUM
cblr-2872	264	5	with	with	ADP
cblr-2872	264	6	historical	historical	ADJ
cblr-2872	264	7	jurisdiction	jurisdiction	NOUN
cblr-2872	264	8	than	than	ADP
cblr-2872	264	9	the	the	DET
cblr-2872	264	10	economic	economic	ADJ
cblr-2872	264	11	realities	reality	NOUN
cblr-2872	264	12	of	of	ADP
cblr-2872	264	13	the	the	DET
cblr-2872	264	14	swap	swap	NOUN
cblr-2872	264	15	products	product	NOUN
cblr-2872	264	16	being	be	AUX
cblr-2872	264	17	regulated	regulate	VERB
cblr-2872	264	18	.	.	PUNCT
cblr-2872	265	1	28	28	NUM
cblr-2872	265	2	in	in	ADP
cblr-2872	265	3	2000	2000	NUM
cblr-2872	265	4	,	,	PUNCT
cblr-2872	265	5	congress	congress	PROPN
cblr-2872	265	6	passed	pass	VERB
cblr-2872	265	7	the	the	DET
cblr-2872	265	8	commodity	commodity	NOUN
cblr-2872	265	9	futures	future	NOUN
cblr-2872	265	10	modernization	modernization	PROPN
cblr-2872	265	11	act	act	PROPN
cblr-2872	265	12	(	(	PUNCT
cblr-2872	265	13	"	"	PUNCT
cblr-2872	265	14	cfma	cfma	NOUN
cblr-2872	265	15	"	"	PUNCT
cblr-2872	265	16	)	)	PUNCT
cblr-2872	265	17	.	.	PUNCT
cblr-2872	266	1	2	2	NUM
cblr-2872	266	2	9	9	NUM
cblr-2872	266	3	the	the	DET
cblr-2872	266	4	cfma	cfma	NOUN
cblr-2872	266	5	largely	largely	ADV
cblr-2872	266	6	removed	remove	VERB
cblr-2872	266	7	regulatory	regulatory	ADJ
cblr-2872	266	8	authority	authority	NOUN
cblr-2872	266	9	over	over	ADP
cblr-2872	266	10	swaps	swap	NOUN
cblr-2872	266	11	from	from	ADP
cblr-2872	266	12	both	both	CCONJ
cblr-2872	266	13	the	the	DET
cblr-2872	266	14	cftc	cftc	PROPN
cblr-2872	266	15	and	and	CCONJ
cblr-2872	266	16	the	the	DET
cblr-2872	266	17	sec3	sec3	PROPN
cblr-2872	266	18	0	0	PUNCT
cblr-2872	266	19	and	and	CCONJ
cblr-2872	266	20	allowed	allow	VERB
cblr-2872	266	21	these	these	DET
cblr-2872	266	22	products	product	NOUN
cblr-2872	266	23	to	to	PART
cblr-2872	266	24	be	be	AUX
cblr-2872	266	25	transacted	transact	VERB
cblr-2872	266	26	only	only	ADV
cblr-2872	266	27	by	by	ADP
cblr-2872	266	28	"	"	PUNCT
cblr-2872	266	29	eligible	eligible	ADJ
cblr-2872	266	30	contract	contract	NOUN
cblr-2872	266	31	participants	participant	NOUN
cblr-2872	266	32	,	,	PUNCT
cblr-2872	266	33	"	"	PUNCT
cblr-2872	266	34	a	a	DET
cblr-2872	266	35	category	category	NOUN
cblr-2872	266	36	intended	intend	VERB
cblr-2872	266	37	to	to	PART
cblr-2872	266	38	include	include	VERB
cblr-2872	266	39	only	only	ADV
cblr-2872	266	40	those	those	DET
cblr-2872	266	41	market	market	NOUN
cblr-2872	266	42	participants	participant	NOUN
cblr-2872	266	43	sophisticated	sophisticate	VERB
cblr-2872	266	44	enough	enough	ADV
cblr-2872	266	45	28	28	NUM
cblr-2872	266	46	see	see	VERB
cblr-2872	266	47	markham	markham	PROPN
cblr-2872	266	48	,	,	PUNCT
cblr-2872	266	49	supra	supra	PROPN
cblr-2872	266	50	note	note	PROPN
cblr-2872	266	51	27	27	NUM
cblr-2872	266	52	,	,	PUNCT
cblr-2872	266	53	at	at	ADP
cblr-2872	266	54	87	87	NUM
cblr-2872	266	55	-	-	SYM
cblr-2872	266	56	88	88	NUM
cblr-2872	266	57	.	.	PUNCT
cblr-2872	267	1	the	the	DET
cblr-2872	267	2	accord	accord	NOUN
cblr-2872	267	3	was	be	AUX
cblr-2872	267	4	codified	codify	VERB
cblr-2872	267	5	in	in	ADP
cblr-2872	267	6	section	section	NOUN
cblr-2872	267	7	2	2	NUM
cblr-2872	267	8	of	of	ADP
cblr-2872	267	9	the	the	DET
cblr-2872	267	10	securities	security	NOUN
cblr-2872	267	11	act	act	NOUN
cblr-2872	267	12	of	of	ADP
cblr-2872	267	13	1933	1933	NUM
cblr-2872	267	14	,	,	PUNCT
cblr-2872	267	15	15	15	NUM
cblr-2872	267	16	u.s.c	u.s.c	ADJ
cblr-2872	267	17	.	.	PUNCT
cblr-2872	268	1	§	§	PROPN
cblr-2872	268	2	77b(a)(1	77b(a)(1	NUM
cblr-2872	268	3	)	)	PUNCT
cblr-2872	268	4	(	(	PUNCT
cblr-2872	268	5	2012	2012	NUM
cblr-2872	268	6	)	)	PUNCT
cblr-2872	268	7	(	(	PUNCT
cblr-2872	268	8	defining	define	VERB
cblr-2872	268	9	"	"	PUNCT
cblr-2872	268	10	security	security	NOUN
cblr-2872	268	11	"	"	PUNCT
cblr-2872	268	12	)	)	PUNCT
cblr-2872	268	13	,	,	PUNCT
cblr-2872	268	14	section	section	NOUN
cblr-2872	268	15	3	3	NUM
cblr-2872	268	16	of	of	ADP
cblr-2872	268	17	the	the	DET
cblr-2872	268	18	securities	securities	PROPN
cblr-2872	268	19	exchange	exchange	PROPN
cblr-2872	268	20	act	act	NOUN
cblr-2872	268	21	of	of	ADP
cblr-2872	268	22	1934	1934	NUM
cblr-2872	268	23	,	,	PUNCT
cblr-2872	268	24	15	15	NUM
cblr-2872	268	25	u.s.c	u.s.c	ADJ
cblr-2872	268	26	.	.	PUNCT
cblr-2872	269	1	§	§	PROPN
cblr-2872	269	2	78c(10)-(12	78c(10)-(12	PROPN
cblr-2872	269	3	)	)	PUNCT
cblr-2872	269	4	(	(	PUNCT
cblr-2872	269	5	2012	2012	NUM
cblr-2872	269	6	)	)	PUNCT
cblr-2872	269	7	(	(	PUNCT
cblr-2872	269	8	defining	define	VERB
cblr-2872	269	9	"	"	PUNCT
cblr-2872	269	10	security	security	NOUN
cblr-2872	269	11	,	,	PUNCT
cblr-2872	269	12	"	"	PUNCT
cblr-2872	269	13	"	"	PUNCT
cblr-2872	269	14	equity	equity	NOUN
cblr-2872	269	15	security	security	NOUN
cblr-2872	269	16	,	,	PUNCT
cblr-2872	269	17	"	"	PUNCT
cblr-2872	269	18	and	and	CCONJ
cblr-2872	269	19	"	"	PUNCT
cblr-2872	269	20	exempted	exempt	VERB
cblr-2872	269	21	security	security	NOUN
cblr-2872	269	22	"	"	PUNCT
cblr-2872	269	23	)	)	PUNCT
cblr-2872	269	24	and	and	CCONJ
cblr-2872	269	25	section	section	NOUN
cblr-2872	269	26	2	2	NUM
cblr-2872	269	27	of	of	ADP
cblr-2872	269	28	the	the	DET
cblr-2872	269	29	commodity	commodity	NOUN
cblr-2872	269	30	exchange	exchange	PROPN
cblr-2872	269	31	act	act	PROPN
cblr-2872	269	32	,	,	PUNCT
cblr-2872	269	33	7	7	NUM
cblr-2872	269	34	u.s.c	u.s.c	ADJ
cblr-2872	269	35	.	.	PUNCT
cblr-2872	270	1	§	§	PROPN
cblr-2872	270	2	2(a)(1)(a	2(a)(1)(a	NUM
cblr-2872	270	3	)	)	PUNCT
cblr-2872	270	4	(	(	PUNCT
cblr-2872	270	5	2012	2012	NUM
cblr-2872	270	6	)	)	PUNCT
cblr-2872	270	7	(	(	PUNCT
cblr-2872	270	8	expressly	expressly	ADV
cblr-2872	270	9	delimiting	delimit	VERB
cblr-2872	270	10	the	the	DET
cblr-2872	270	11	jurisdiction	jurisdiction	NOUN
cblr-2872	270	12	of	of	ADP
cblr-2872	270	13	the	the	DET
cblr-2872	270	14	cftc	cftc	PROPN
cblr-2872	270	15	)	)	PUNCT
cblr-2872	270	16	.	.	PUNCT
cblr-2872	271	1	see	see	VERB
cblr-2872	271	2	also	also	ADV
cblr-2872	271	3	gao	gao	PROPN
cblr-2872	271	4	report	report	PROPN
cblr-2872	271	5	,	,	PUNCT
cblr-2872	271	6	supra	supra	PROPN
cblr-2872	271	7	note	note	PROPN
cblr-2872	271	8	27	27	NUM
cblr-2872	271	9	,	,	PUNCT
cblr-2872	271	10	at	at	ADP
cblr-2872	271	11	5	5	NUM
cblr-2872	271	12	-	-	SYM
cblr-2872	271	13	7	7	NUM
cblr-2872	271	14	(	(	PUNCT
cblr-2872	271	15	discussing	discuss	VERB
cblr-2872	271	16	the	the	DET
cblr-2872	271	17	historical	historical	ADJ
cblr-2872	271	18	background	background	NOUN
cblr-2872	271	19	precipitating	precipitate	VERB
cblr-2872	271	20	the	the	DET
cblr-2872	271	21	shad	shad	PROPN
cblr-2872	271	22	-	-	PUNCT
cblr-2872	271	23	johnson	johnson	PROPN
cblr-2872	271	24	accord	accord	NOUN
cblr-2872	271	25	)	)	PUNCT
cblr-2872	271	26	;	;	PUNCT
cblr-2872	272	1	benson	benson	PROPN
cblr-2872	272	2	,	,	PUNCT
cblr-2872	272	3	supra	supra	PROPN
cblr-2872	272	4	note	note	PROPN
cblr-2872	272	5	17	17	NUM
cblr-2872	272	6	,	,	PUNCT
cblr-2872	272	7	at	at	ADP
cblr-2872	272	8	1185	1185	NUM
cblr-2872	272	9	-	-	SYM
cblr-2872	272	10	91	91	NUM
cblr-2872	272	11	(	(	PUNCT
cblr-2872	272	12	providing	provide	VERB
cblr-2872	272	13	a	a	DET
cblr-2872	272	14	history	history	NOUN
cblr-2872	272	15	of	of	ADP
cblr-2872	272	16	the	the	DET
cblr-2872	272	17	jurisdictional	jurisdictional	ADJ
cblr-2872	272	18	disputes	dispute	NOUN
cblr-2872	272	19	between	between	ADP
cblr-2872	272	20	the	the	DET
cblr-2872	272	21	cftc	cftc	PROPN
cblr-2872	272	22	and	and	CCONJ
cblr-2872	272	23	the	the	DET
cblr-2872	272	24	sec	sec	PROPN
cblr-2872	272	25	)	)	PUNCT
cblr-2872	272	26	;	;	PUNCT
cblr-2872	272	27	markham	markham	PROPN
cblr-2872	272	28	,	,	PUNCT
cblr-2872	272	29	supra	supra	PROPN
cblr-2872	272	30	note	note	PROPN
cblr-2872	272	31	22	22	NUM
cblr-2872	272	32	,	,	PUNCT
cblr-2872	272	33	at	at	ADP
cblr-2872	272	34	96	96	NUM
cblr-2872	272	35	(	(	PUNCT
cblr-2872	272	36	noting	note	VERB
cblr-2872	272	37	that	that	SCONJ
cblr-2872	272	38	the	the	DET
cblr-2872	272	39	agreement	agreement	NOUN
cblr-2872	272	40	"	"	PUNCT
cblr-2872	272	41	did	do	AUX
cblr-2872	272	42	not	not	PART
cblr-2872	272	43	establish	establish	VERB
cblr-2872	272	44	federal	federal	ADJ
cblr-2872	272	45	regulatory	regulatory	ADJ
cblr-2872	272	46	authority	authority	NOUN
cblr-2872	272	47	over	over	ADP
cblr-2872	272	48	margins	margin	NOUN
cblr-2872	272	49	on	on	ADP
cblr-2872	272	50	commodity	commodity	NOUN
cblr-2872	272	51	futures	future	NOUN
cblr-2872	272	52	contracts	contract	NOUN
cblr-2872	272	53	.	.	PUNCT
cblr-2872	273	1	nor	nor	CCONJ
cblr-2872	273	2	did	do	AUX
cblr-2872	273	3	the	the	DET
cblr-2872	273	4	agreement	agreement	NOUN
cblr-2872	273	5	end	end	VERB
cblr-2872	273	6	either	either	CCONJ
cblr-2872	273	7	the	the	DET
cblr-2872	273	8	jurisdictional	jurisdictional	ADJ
cblr-2872	273	9	battles	battle	NOUN
cblr-2872	273	10	between	between	ADP
cblr-2872	273	11	the	the	DET
cblr-2872	273	12	sec	sec	PROPN
cblr-2872	273	13	and	and	CCONJ
cblr-2872	273	14	the	the	DET
cblr-2872	273	15	cftc	cftc	PROPN
cblr-2872	273	16	,	,	PUNCT
cblr-2872	273	17	or	or	CCONJ
cblr-2872	273	18	the	the	DET
cblr-2872	273	19	efforts	effort	NOUN
cblr-2872	273	20	to	to	PART
cblr-2872	273	21	obtain	obtain	VERB
cblr-2872	273	22	federal	federal	ADJ
cblr-2872	273	23	control	control	NOUN
cblr-2872	273	24	over	over	ADP
cblr-2872	273	25	margins	margin	NOUN
cblr-2872	273	26	.	.	PUNCT
cblr-2872	274	1	"	"	PUNCT
cblr-2872	274	2	)	)	PUNCT
cblr-2872	274	3	.	.	PUNCT
cblr-2872	275	1	29	29	NUM
cblr-2872	275	2	commodity	commodity	NOUN
cblr-2872	275	3	futures	future	NOUN
cblr-2872	275	4	modernization	modernization	PROPN
cblr-2872	275	5	act	act	NOUN
cblr-2872	275	6	of	of	ADP
cblr-2872	275	7	2000	2000	NUM
cblr-2872	275	8	,	,	PUNCT
cblr-2872	275	9	pub	pub	NOUN
cblr-2872	275	10	.	.	PUNCT
cblr-2872	276	1	l.	l.	PROPN
cblr-2872	276	2	no	no	INTJ
cblr-2872	276	3	.	.	PROPN
cblr-2872	276	4	106554	106554	NUM
cblr-2872	276	5	,	,	PUNCT
cblr-2872	276	6	app	app	X
cblr-2872	276	7	.	.	PUNCT
cblr-2872	277	1	e	e	X
cblr-2872	277	2	,	,	PUNCT
cblr-2872	277	3	114	114	NUM
cblr-2872	277	4	stat	stat	NOUN
cblr-2872	277	5	.	.	PUNCT
cblr-2872	278	1	2763	2763	NUM
cblr-2872	278	2	(	(	PUNCT
cblr-2872	278	3	2000	2000	NUM
cblr-2872	278	4	)	)	PUNCT
cblr-2872	278	5	.	.	PUNCT
cblr-2872	279	1	while	while	SCONJ
cblr-2872	279	2	the	the	DET
cblr-2872	279	3	cfma	cfma	NOUN
cblr-2872	279	4	largely	largely	ADV
cblr-2872	279	5	deregulated	deregulate	VERB
cblr-2872	279	6	swap	swap	NOUN
cblr-2872	279	7	markets	market	NOUN
cblr-2872	279	8	(	(	PUNCT
cblr-2872	279	9	though	though	SCONJ
cblr-2872	279	10	limited	limit	VERB
cblr-2872	279	11	them	they	PRON
cblr-2872	279	12	to	to	ADP
cblr-2872	279	13	eligible	eligible	ADJ
cblr-2872	279	14	contract	contract	NOUN
cblr-2872	279	15	participants	participant	NOUN
cblr-2872	279	16	)	)	PUNCT
cblr-2872	279	17	,	,	PUNCT
cblr-2872	279	18	commentators	commentator	NOUN
cblr-2872	279	19	have	have	AUX
cblr-2872	279	20	noted	note	VERB
cblr-2872	279	21	that	that	SCONJ
cblr-2872	279	22	derivatives	derivative	NOUN
cblr-2872	279	23	regulation	regulation	NOUN
cblr-2872	279	24	has	have	AUX
cblr-2872	279	25	historically	historically	ADV
cblr-2872	279	26	taken	take	VERB
cblr-2872	279	27	several	several	ADJ
cblr-2872	279	28	forms	form	NOUN
cblr-2872	279	29	,	,	PUNCT
cblr-2872	279	30	including	include	VERB
cblr-2872	279	31	private	private	ADJ
cblr-2872	279	32	regulation	regulation	NOUN
cblr-2872	279	33	and	and	CCONJ
cblr-2872	279	34	enforcement	enforcement	NOUN
cblr-2872	279	35	by	by	ADP
cblr-2872	279	36	courts	court	NOUN
cblr-2872	279	37	.	.	PUNCT
cblr-2872	280	1	frank	frank	PROPN
cblr-2872	280	2	partnoy	partnoy	PROPN
cblr-2872	280	3	,	,	PUNCT
cblr-2872	280	4	isda	isda	NOUN
cblr-2872	280	5	,	,	PUNCT
cblr-2872	280	6	nasd	nasd	NOUN
cblr-2872	280	7	,	,	PUNCT
cblr-2872	280	8	cfma	cfma	NOUN
cblr-2872	280	9	and	and	CCONJ
cblr-2872	280	10	sdny	sdny	VERB
cblr-2872	280	11	.	.	PUNCT
cblr-2872	281	1	the	the	DET
cblr-2872	281	2	four	four	NUM
cblr-2872	281	3	horsemen	horseman	NOUN
cblr-2872	281	4	of	of	ADP
cblr-2872	281	5	derivatives	derivative	NOUN
cblr-2872	281	6	regulation	regulation	NOUN
cblr-2872	281	7	?	?	PUNCT
cblr-2872	281	8	,	,	PUNCT
cblr-2872	281	9	in	in	ADP
cblr-2872	281	10	brookings	brookings	PROPN
cblr-2872	281	11	-	-	PUNCT
cblr-2872	281	12	wharton	wharton	PROPN
cblr-2872	281	13	papers	paper	NOUN
cblr-2872	281	14	on	on	ADP
cblr-2872	281	15	financial	financial	ADJ
cblr-2872	281	16	services	service	NOUN
cblr-2872	281	17	213	213	NUM
cblr-2872	281	18	(	(	PUNCT
cblr-2872	281	19	robert	robert	PROPN
cblr-2872	281	20	e.	e.	PROPN
cblr-2872	281	21	litan	litan	PROPN
cblr-2872	281	22	&	&	CCONJ
cblr-2872	281	23	richard	richard	PROPN
cblr-2872	281	24	herring	herring	PROPN
cblr-2872	281	25	eds	eds	PROPN
cblr-2872	281	26	.	.	PROPN
cblr-2872	281	27	,	,	PUNCT
cblr-2872	281	28	2002	2002	NUM
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cblr-2872	281	30	(	(	PUNCT
cblr-2872	281	31	describing	describe	VERB
cblr-2872	281	32	four	four	NUM
cblr-2872	281	33	types	type	NOUN
cblr-2872	281	34	of	of	ADP
cblr-2872	281	35	derivatives	derivative	NOUN
cblr-2872	281	36	regulation	regulation	NOUN
cblr-2872	281	37	:	:	PUNCT
cblr-2872	281	38	(	(	PUNCT
cblr-2872	281	39	1	1	X
cblr-2872	281	40	)	)	PUNCT
cblr-2872	281	41	private	private	ADJ
cblr-2872	281	42	ex	ex	X
cblr-2872	281	43	ante	ante	NOUN
cblr-2872	281	44	legal	legal	ADJ
cblr-2872	281	45	rules	rule	NOUN
cblr-2872	281	46	developed	develop	VERB
cblr-2872	281	47	by	by	ADP
cblr-2872	281	48	industry	industry	NOUN
cblr-2872	281	49	groups	group	NOUN
cblr-2872	281	50	,	,	PUNCT
cblr-2872	281	51	such	such	ADJ
cblr-2872	281	52	as	as	ADP
cblr-2872	281	53	the	the	DET
cblr-2872	281	54	international	international	ADJ
cblr-2872	281	55	swaps	swap	NOUN
cblr-2872	281	56	and	and	CCONJ
cblr-2872	281	57	derivatives	derivative	NOUN
cblr-2872	281	58	association	association	NOUN
cblr-2872	281	59	;	;	PUNCT
cblr-2872	281	60	(	(	PUNCT
cblr-2872	281	61	2	2	X
cblr-2872	281	62	)	)	PUNCT
cblr-2872	281	63	private	private	ADJ
cblr-2872	281	64	ex	ex	X
cblr-2872	281	65	post	post	ADJ
cblr-2872	281	66	legal	legal	ADJ
cblr-2872	281	67	rules	rule	NOUN
cblr-2872	281	68	applied	apply	VERB
cblr-2872	281	69	by	by	ADP
cblr-2872	281	70	arbitrators	arbitrator	NOUN
cblr-2872	281	71	in	in	ADP
cblr-2872	281	72	disputes	dispute	NOUN
cblr-2872	281	73	,	,	PUNCT
cblr-2872	281	74	such	such	ADJ
cblr-2872	281	75	as	as	ADP
cblr-2872	281	76	the	the	DET
cblr-2872	281	77	national	national	PROPN
cblr-2872	281	78	association	association	PROPN
cblr-2872	281	79	of	of	ADP
cblr-2872	281	80	securities	security	NOUN
cblr-2872	281	81	dealers	dealer	NOUN
cblr-2872	281	82	;	;	PUNCT
cblr-2872	281	83	(	(	PUNCT
cblr-2872	281	84	3	3	X
cblr-2872	281	85	)	)	PUNCT
cblr-2872	281	86	public	public	NOUN
cblr-2872	281	87	ex	ex	X
cblr-2872	281	88	ante	ante	NOUN
cblr-2872	281	89	legal	legal	ADJ
cblr-2872	281	90	rules	rule	NOUN
cblr-2872	281	91	and	and	CCONJ
cblr-2872	281	92	regulations	regulation	NOUN
cblr-2872	281	93	,	,	PUNCT
cblr-2872	281	94	including	include	VERB
cblr-2872	281	95	the	the	DET
cblr-2872	281	96	cfma	cfma	NOUN
cblr-2872	281	97	;	;	PUNCT
cblr-2872	281	98	and	and	CCONJ
cblr-2872	281	99	(	(	PUNCT
cblr-2872	281	100	4	4	X
cblr-2872	281	101	)	)	PUNCT
cblr-2872	281	102	public	public	ADJ
cblr-2872	281	103	ex	ex	X
cblr-2872	281	104	post	post	ADJ
cblr-2872	281	105	legal	legal	ADJ
cblr-2872	281	106	rules	rule	NOUN
cblr-2872	281	107	,	,	PUNCT
cblr-2872	281	108	including	include	VERB
cblr-2872	281	109	rulings	ruling	NOUN
cblr-2872	281	110	by	by	ADP
cblr-2872	281	111	courts	court	NOUN
cblr-2872	281	112	adjudicating	adjudicate	VERB
cblr-2872	281	113	derivatives	derivative	NOUN
cblr-2872	281	114	disputes	dispute	NOUN
cblr-2872	281	115	)	)	PUNCT
cblr-2872	281	116	.	.	PUNCT
cblr-2872	282	1	30	30	NUM
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cblr-2872	282	3	w.	w.	PROPN
cblr-2872	282	4	hahn	hahn	PROPN
cblr-2872	282	5	,	,	PUNCT
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cblr-2872	282	7	a.	a.	NOUN
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cblr-2872	282	9	&	&	CCONJ
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cblr-2872	282	11	w.	w.	PROPN
cblr-2872	282	12	lalone	lalone	PROPN
cblr-2872	282	13	,	,	PUNCT
cblr-2872	282	14	the	the	DET
cblr-2872	282	15	futurization	futurization	NOUN
cblr-2872	282	16	equation	equation	NOUN
cblr-2872	282	17	,	,	PUNCT
cblr-2872	282	18	8	8	NUM
cblr-2872	282	19	cap	cap	NOUN
cblr-2872	282	20	.	.	PUNCT
cblr-2872	283	1	markets	market	NOUN
cblr-2872	283	2	l.j	l.j	PROPN
cblr-2872	283	3	.	.	PROPN
cblr-2872	283	4	166	166	NUM
cblr-2872	283	5	,	,	PUNCT
cblr-2872	283	6	167	167	NUM
cblr-2872	283	7	(	(	PUNCT
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cblr-2872	283	9	)	)	PUNCT
cblr-2872	283	10	(	(	PUNCT
cblr-2872	283	11	"	"	PUNCT
cblr-2872	283	12	prior	prior	ADV
cblr-2872	283	13	to	to	ADP
cblr-2872	283	14	passage	passage	NOUN
cblr-2872	283	15	of	of	ADP
cblr-2872	283	16	the	the	DET
cblr-2872	283	17	dodd	dodd	PROPN
cblr-2872	283	18	-	-	PUNCT
cblr-2872	283	19	frank	frank	PROPN
cblr-2872	283	20	in	in	ADP
cblr-2872	283	21	july	july	PROPN
cblr-2872	283	22	2010	2010	NUM
cblr-2872	283	23	,	,	PUNCT
cblr-2872	283	24	the	the	DET
cblr-2872	283	25	cftc	cftc	PROPN
cblr-2872	283	26	lacked	lack	VERB
cblr-2872	283	27	meaningful	meaningful	ADJ
cblr-2872	283	28	jurisdiction	jurisdiction	NOUN
cblr-2872	283	29	over	over	ADP
cblr-2872	283	30	the	the	DET
cblr-2872	283	31	largely	largely	ADV
cblr-2872	283	32	unregulated	unregulated	ADJ
cblr-2872	283	33	swaps	swap	NOUN
cblr-2872	283	34	market	market	NOUN
cblr-2872	283	35	.	.	PUNCT
cblr-2872	283	36	"	"	PUNCT
cblr-2872	283	37	)	)	PUNCT
cblr-2872	283	38	.	.	PUNCT
cblr-2872	284	1	regula	regula	PROPN
cblr-2872	284	2	tion	tion	NOUN
cblr-2872	284	3	through	through	ADP
cblr-2872	284	4	substitutionno	substitutionno	NOUN
cblr-2872	284	5	.	.	PUNCT
cblr-2872	285	1	3:667]1	3:667]1	NUM
cblr-2872	285	2	687	687	NUM
cblr-2872	285	3	columbia	columbia	PROPN
cblr-2872	285	4	business	business	NOUN
cblr-2872	285	5	la	la	PROPN
cblr-2872	285	6	wreview	wreview	VERB
cblr-2872	285	7	to	to	ADP
cblr-2872	285	8	self	self	NOUN
cblr-2872	285	9	-	-	PUNCT
cblr-2872	285	10	regulate	regulate	NOUN
cblr-2872	285	11	.	.	PUNCT
cblr-2872	286	1	31	31	NUM
cblr-2872	286	2	by	by	ADP
cblr-2872	286	3	removing	remove	VERB
cblr-2872	286	4	authority	authority	NOUN
cblr-2872	286	5	,	,	PUNCT
cblr-2872	286	6	congress	congress	PROPN
cblr-2872	286	7	created	create	VERB
cblr-2872	286	8	two	two	NUM
cblr-2872	286	9	markets	market	NOUN
cblr-2872	286	10	with	with	ADP
cblr-2872	286	11	respect	respect	NOUN
cblr-2872	286	12	to	to	ADP
cblr-2872	286	13	the	the	DET
cblr-2872	286	14	transactions	transaction	NOUN
cblr-2872	286	15	that	that	PRON
cblr-2872	286	16	would	would	AUX
cblr-2872	286	17	otherwise	otherwise	ADV
cblr-2872	286	18	be	be	AUX
cblr-2872	286	19	under	under	ADP
cblr-2872	286	20	cftc	cftc	PROPN
cblr-2872	286	21	jurisdiction	jurisdiction	NOUN
cblr-2872	286	22	.	.	PUNCT
cblr-2872	287	1	one	one	NUM
cblr-2872	287	2	,	,	PUNCT
cblr-2872	287	3	the	the	DET
cblr-2872	287	4	futures	future	NOUN
cblr-2872	287	5	market	market	NOUN
cblr-2872	287	6	,	,	PUNCT
cblr-2872	287	7	was	be	AUX
cblr-2872	287	8	a	a	DET
cblr-2872	287	9	highly	highly	ADV
cblr-2872	287	10	regulated	regulate	VERB
cblr-2872	287	11	,	,	PUNCT
cblr-2872	287	12	standardized	standardized	ADJ
cblr-2872	287	13	market	market	NOUN
cblr-2872	287	14	with	with	ADP
cblr-2872	287	15	regulations	regulation	NOUN
cblr-2872	287	16	tailored	tailor	VERB
cblr-2872	287	17	towards	towards	ADP
cblr-2872	287	18	all	all	DET
cblr-2872	287	19	market	market	NOUN
cblr-2872	287	20	participants	participant	NOUN
cblr-2872	287	21	,	,	PUNCT
cblr-2872	287	22	retail	retail	ADJ
cblr-2872	287	23	and	and	CCONJ
cblr-2872	287	24	institutional	institutional	ADJ
cblr-2872	287	25	alike	alike	ADV
cblr-2872	287	26	,	,	PUNCT
cblr-2872	287	27	including	include	VERB
cblr-2872	287	28	the	the	DET
cblr-2872	287	29	agricultural	agricultural	ADJ
cblr-2872	287	30	market	market	NOUN
cblr-2872	287	31	participants	participant	NOUN
cblr-2872	287	32	who	who	PRON
cblr-2872	287	33	created	create	VERB
cblr-2872	287	34	the	the	DET
cblr-2872	287	35	market	market	NOUN
cblr-2872	287	36	.	.	PUNCT
cblr-2872	288	1	the	the	DET
cblr-2872	288	2	other	other	ADJ
cblr-2872	288	3	,	,	PUNCT
cblr-2872	288	4	the	the	DET
cblr-2872	288	5	swap	swap	NOUN
cblr-2872	288	6	market	market	NOUN
cblr-2872	288	7	,	,	PUNCT
cblr-2872	288	8	was	be	AUX
cblr-2872	288	9	largely	largely	ADV
cblr-2872	288	10	unregulated	unregulated	ADJ
cblr-2872	288	11	but	but	CCONJ
cblr-2872	288	12	restricted	restrict	VERB
cblr-2872	288	13	to	to	ADP
cblr-2872	288	14	eligible	eligible	ADJ
cblr-2872	288	15	contract	contract	NOUN
cblr-2872	288	16	participants	participant	NOUN
cblr-2872	288	17	who	who	PRON
cblr-2872	288	18	were	be	AUX
cblr-2872	288	19	presumed	presume	VERB
cblr-2872	288	20	to	to	PART
cblr-2872	288	21	be	be	AUX
cblr-2872	288	22	sufficiently	sufficiently	ADV
cblr-2872	288	23	sophisticated	sophisticated	ADJ
cblr-2872	288	24	such	such	ADJ
cblr-2872	288	25	that	that	SCONJ
cblr-2872	288	26	they	they	PRON
cblr-2872	288	27	did	do	AUX
cblr-2872	288	28	not	not	PART
cblr-2872	288	29	need	need	VERB
cblr-2872	288	30	the	the	DET
cblr-2872	288	31	same	same	ADJ
cblr-2872	288	32	types	type	NOUN
cblr-2872	288	33	of	of	ADP
cblr-2872	288	34	protections	protection	NOUN
cblr-2872	288	35	as	as	ADP
cblr-2872	288	36	participants	participant	NOUN
cblr-2872	288	37	in	in	ADP
cblr-2872	288	38	the	the	DET
cblr-2872	288	39	futures	future	NOUN
cblr-2872	288	40	markets	market	NOUN
cblr-2872	288	41	.	.	PUNCT
cblr-2872	289	1	32	32	NUM
cblr-2872	289	2	c.	c.	NOUN
cblr-2872	289	3	the	the	DET
cblr-2872	289	4	financial	financial	ADJ
cblr-2872	289	5	crisis	crisis	NOUN
cblr-2872	289	6	and	and	CCONJ
cblr-2872	289	7	dodd	dodd	PROPN
cblr-2872	289	8	-	-	PUNCT
cblr-2872	289	9	frank	frank	PROPN
cblr-2872	289	10	the	the	DET
cblr-2872	289	11	financial	financial	ADJ
cblr-2872	289	12	crisis	crisis	NOUN
cblr-2872	289	13	of	of	ADP
cblr-2872	289	14	2007	2007	NUM
cblr-2872	289	15	-	-	SYM
cblr-2872	289	16	08	08	NUM
cblr-2872	289	17	brought	bring	VERB
cblr-2872	289	18	to	to	ADP
cblr-2872	289	19	light	light	ADJ
cblr-2872	289	20	unanticipated	unanticipated	ADJ
cblr-2872	289	21	risks	risk	NOUN
cblr-2872	289	22	that	that	PRON
cblr-2872	289	23	called	call	VERB
cblr-2872	289	24	into	into	ADP
cblr-2872	289	25	question	question	NOUN
cblr-2872	289	26	the	the	DET
cblr-2872	289	27	deregulatory	deregulatory	ADJ
cblr-2872	289	28	approach	approach	NOUN
cblr-2872	289	29	to	to	ADP
cblr-2872	289	30	the	the	DET
cblr-2872	289	31	swap	swap	NOUN
cblr-2872	289	32	markets.3	markets.3	NOUN
cblr-2872	289	33	3	3	NUM
cblr-2872	289	34	while	while	SCONJ
cblr-2872	289	35	swap	swap	VERB
cblr-2872	289	36	31	31	NUM
cblr-2872	289	37	commodity	commodity	NOUN
cblr-2872	289	38	futures	future	NOUN
cblr-2872	289	39	modernization	modernization	PROPN
cblr-2872	289	40	act	act	NOUN
cblr-2872	289	41	§	§	PROPN
cblr-2872	289	42	101(4	101(4	NUM
cblr-2872	289	43	)	)	PUNCT
cblr-2872	289	44	.	.	PUNCT
cblr-2872	290	1	see	see	VERB
cblr-2872	290	2	also	also	ADV
cblr-2872	290	3	patrick	patrick	PROPN
cblr-2872	290	4	d.	d.	PROPN
cblr-2872	290	5	dolan	dolan	PROPN
cblr-2872	290	6	&	&	CCONJ
cblr-2872	290	7	c.	c.	PROPN
cblr-2872	290	8	vanleer	vanleer	PROPN
cblr-2872	290	9	davis	davis	PROPN
cblr-2872	290	10	iii	iii	PROPN
cblr-2872	290	11	,	,	PUNCT
cblr-2872	290	12	securitizations	securitization	NOUN
cblr-2872	290	13	:	:	PUNCT
cblr-2872	290	14	legal	legal	ADJ
cblr-2872	290	15	and	and	CCONJ
cblr-2872	290	16	regulatory	regulatory	ADJ
cblr-2872	290	17	issues	issue	NOUN
cblr-2872	290	18	(	(	PUNCT
cblr-2872	290	19	2011	2011	NUM
cblr-2872	290	20	)	)	PUNCT
cblr-2872	290	21	;	;	PUNCT
cblr-2872	290	22	johnson	johnson	PROPN
cblr-2872	290	23	&	&	CCONJ
cblr-2872	290	24	hazen	hazen	PROPN
cblr-2872	290	25	,	,	PUNCT
cblr-2872	290	26	supra	supra	PROPN
cblr-2872	290	27	note	note	PROPN
cblr-2872	290	28	17	17	NUM
cblr-2872	290	29	,	,	PUNCT
cblr-2872	290	30	at	at	ADP
cblr-2872	290	31	§	§	PROPN
cblr-2872	290	32	1.02[2	1.02[2	NUM
cblr-2872	290	33	]	]	PUNCT
cblr-2872	290	34	,	,	PUNCT
cblr-2872	290	35	1.02[8	1.02[8	NUM
cblr-2872	290	36	]	]	PUNCT
cblr-2872	290	37	(	(	PUNCT
cblr-2872	290	38	providing	provide	VERB
cblr-2872	290	39	an	an	DET
cblr-2872	290	40	overview	overview	NOUN
cblr-2872	290	41	of	of	ADP
cblr-2872	290	42	derivatives	derivative	NOUN
cblr-2872	290	43	investments	investment	NOUN
cblr-2872	290	44	and	and	CCONJ
cblr-2872	290	45	jurisdiction	jurisdiction	NOUN
cblr-2872	290	46	as	as	ADV
cblr-2872	290	47	well	well	ADV
cblr-2872	290	48	as	as	ADP
cblr-2872	290	49	the	the	DET
cblr-2872	290	50	development	development	NOUN
cblr-2872	290	51	and	and	CCONJ
cblr-2872	290	52	regulation	regulation	NOUN
cblr-2872	290	53	of	of	ADP
cblr-2872	290	54	new	new	ADJ
cblr-2872	290	55	swap	swap	NOUN
cblr-2872	290	56	vehicles	vehicle	NOUN
cblr-2872	290	57	)	)	PUNCT
cblr-2872	290	58	.	.	PUNCT
cblr-2872	291	1	32	32	NUM
cblr-2872	292	1	the	the	DET
cblr-2872	292	2	futures	future	NOUN
cblr-2872	292	3	and	and	CCONJ
cblr-2872	292	4	swap	swap	NOUN
cblr-2872	292	5	markets	market	NOUN
cblr-2872	292	6	are	be	AUX
cblr-2872	292	7	,	,	PUNCT
cblr-2872	292	8	in	in	ADP
cblr-2872	292	9	fact	fact	NOUN
cblr-2872	292	10	,	,	PUNCT
cblr-2872	292	11	often	often	ADV
cblr-2872	292	12	distinguished	distinguish	VERB
cblr-2872	292	13	based	base	VERB
cblr-2872	292	14	on	on	ADP
cblr-2872	292	15	the	the	DET
cblr-2872	292	16	standardization	standardization	NOUN
cblr-2872	292	17	or	or	CCONJ
cblr-2872	292	18	customization	customization	NOUN
cblr-2872	292	19	of	of	ADP
cblr-2872	292	20	the	the	DET
cblr-2872	292	21	instruments	instrument	NOUN
cblr-2872	292	22	.	.	PUNCT
cblr-2872	293	1	see	see	VERB
cblr-2872	293	2	,	,	PUNCT
cblr-2872	293	3	e.g.	e.g.	ADV
cblr-2872	293	4	,	,	PUNCT
cblr-2872	293	5	brush	brush	NOUN
cblr-2872	293	6	,	,	PUNCT
cblr-2872	293	7	supra	supra	PROPN
cblr-2872	293	8	note	note	NOUN
cblr-2872	293	9	2	2	NUM
cblr-2872	293	10	(	(	PUNCT
cblr-2872	293	11	"	"	PUNCT
cblr-2872	293	12	futures	future	NOUN
cblr-2872	293	13	are	be	AUX
cblr-2872	293	14	agreements	agreement	NOUN
cblr-2872	293	15	to	to	PART
cblr-2872	293	16	buy	buy	VERB
cblr-2872	293	17	or	or	CCONJ
cblr-2872	293	18	sell	sell	VERB
cblr-2872	293	19	an	an	DET
cblr-2872	293	20	asset	asset	NOUN
cblr-2872	293	21	or	or	CCONJ
cblr-2872	293	22	commodity	commodity	NOUN
cblr-2872	293	23	at	at	ADP
cblr-2872	293	24	a	a	DET
cblr-2872	293	25	specific	specific	ADJ
cblr-2872	293	26	price	price	NOUN
cblr-2872	293	27	and	and	CCONJ
cblr-2872	293	28	time	time	NOUN
cblr-2872	293	29	.	.	PUNCT
cblr-2872	294	1	they	they	PRON
cblr-2872	294	2	have	have	VERB
cblr-2872	294	3	standard	standard	ADJ
cblr-2872	294	4	sizes	size	NOUN
cblr-2872	294	5	and	and	CCONJ
cblr-2872	294	6	maturities	maturity	NOUN
cblr-2872	294	7	,	,	PUNCT
cblr-2872	294	8	are	be	AUX
cblr-2872	294	9	traded	trade	VERB
cblr-2872	294	10	on	on	ADP
cblr-2872	294	11	exchanges	exchange	NOUN
cblr-2872	294	12	and	and	CCONJ
cblr-2872	294	13	guaranteed	guarantee	VERB
cblr-2872	294	14	at	at	ADP
cblr-2872	294	15	clearinghouses	clearinghouse	NOUN
cblr-2872	294	16	that	that	PRON
cblr-2872	294	17	take	take	VERB
cblr-2872	294	18	collateral	collateral	NOUN
cblr-2872	294	19	from	from	ADP
cblr-2872	294	20	buyers	buyer	NOUN
cblr-2872	294	21	and	and	CCONJ
cblr-2872	294	22	sellers	seller	NOUN
cblr-2872	294	23	.	.	PUNCT
cblr-2872	295	1	swaps	swap	NOUN
cblr-2872	295	2	are	be	AUX
cblr-2872	295	3	traditionally	traditionally	ADV
cblr-2872	295	4	traded	trade	VERB
cblr-2872	295	5	directly	directly	ADV
cblr-2872	295	6	between	between	ADP
cblr-2872	295	7	buyers	buyer	NOUN
cblr-2872	295	8	and	and	CCONJ
cblr-2872	295	9	sellers	seller	NOUN
cblr-2872	295	10	,	,	PUNCT
cblr-2872	295	11	sometimes	sometimes	ADV
cblr-2872	295	12	with	with	ADP
cblr-2872	295	13	customized	customized	ADJ
cblr-2872	295	14	maturities	maturity	NOUN
cblr-2872	295	15	and	and	CCONJ
cblr-2872	295	16	sizes	size	NOUN
cblr-2872	295	17	,	,	PUNCT
cblr-2872	295	18	and	and	CCONJ
cblr-2872	295	19	often	often	ADV
cblr-2872	295	20	are	be	AUX
cblr-2872	295	21	n't	not	PART
cblr-2872	295	22	guaranteed	guarantee	VERB
cblr-2872	295	23	at	at	ADP
cblr-2872	295	24	clearinghouses	clearinghouse	NOUN
cblr-2872	295	25	.	.	PUNCT
cblr-2872	295	26	"	"	PUNCT
cblr-2872	295	27	)	)	PUNCT
cblr-2872	295	28	.	.	PUNCT
cblr-2872	296	1	33	33	NUM
cblr-2872	296	2	according	accord	VERB
cblr-2872	296	3	to	to	ADP
cblr-2872	296	4	the	the	DET
cblr-2872	296	5	financial	financial	ADJ
cblr-2872	296	6	crisis	crisis	NOUN
cblr-2872	296	7	inquiry	inquiry	NOUN
cblr-2872	296	8	commission	commission	NOUN
cblr-2872	296	9	report	report	NOUN
cblr-2872	296	10	,	,	PUNCT
cblr-2872	296	11	in	in	ADP
cblr-2872	296	12	september	september	PROPN
cblr-2872	296	13	2008	2008	NUM
cblr-2872	296	14	,	,	PUNCT
cblr-2872	297	1	"	"	PUNCT
cblr-2872	297	2	'	'	PUNCT
cblr-2872	297	3	[	[	X
cblr-2872	297	4	t]he	t]he	ADV
cblr-2872	297	5	otc	otc	ADJ
cblr-2872	297	6	derivatives	derivative	NOUN
cblr-2872	297	7	markets	market	NOUN
cblr-2872	297	8	came	come	VERB
cblr-2872	297	9	to	to	ADP
cblr-2872	297	10	a	a	DET
cblr-2872	297	11	grinding	grind	VERB
cblr-2872	297	12	halt	halt	NOUN
cblr-2872	297	13	,	,	PUNCT
cblr-2872	297	14	jeopardizing	jeopardize	VERB
cblr-2872	297	15	the	the	DET
cblr-2872	297	16	viability	viability	NOUN
cblr-2872	297	17	of	of	ADP
cblr-2872	297	18	every	every	DET
cblr-2872	297	19	participant	participant	NOUN
cblr-2872	297	20	..	..	PUNCT
cblr-2872	297	21	.	.	PUNCT
cblr-2872	297	22	.	.	PUNCT
cblr-2872	298	1	furthermore	furthermore	ADV
cblr-2872	298	2	,	,	PUNCT
cblr-2872	298	3	when	when	SCONJ
cblr-2872	298	4	the	the	DET
cblr-2872	298	5	otc	otc	PROPN
cblr-2872	298	6	derivatives	derivative	NOUN
cblr-2872	298	7	markets	market	NOUN
cblr-2872	298	8	collapsed	collapse	VERB
cblr-2872	298	9	,	,	PUNCT
cblr-2872	298	10	participants	participant	NOUN
cblr-2872	298	11	reacted	react	VERB
cblr-2872	298	12	by	by	ADP
cblr-2872	298	13	liquidating	liquidate	VERB
cblr-2872	298	14	their	their	PRON
cblr-2872	298	15	positions	position	NOUN
cblr-2872	298	16	in	in	ADP
cblr-2872	298	17	other	other	ADJ
cblr-2872	298	18	assets	asset	NOUN
cblr-2872	298	19	those	those	DET
cblr-2872	298	20	swaps	swap	NOUN
cblr-2872	298	21	were	be	AUX
cblr-2872	298	22	designed	design	VERB
cblr-2872	298	23	to	to	PART
cblr-2872	298	24	hedge	hedge	VERB
cblr-2872	298	25	.	.	PUNCT
cblr-2872	298	26	'	'	PUNCT
cblr-2872	299	1	this	this	DET
cblr-2872	299	2	market	market	NOUN
cblr-2872	299	3	was	be	AUX
cblr-2872	299	4	unregulated	unregulated	ADJ
cblr-2872	299	5	and	and	CCONJ
cblr-2872	299	6	largely	largely	ADV
cblr-2872	299	7	opaque	opaque	ADJ
cblr-2872	299	8	,	,	PUNCT
cblr-2872	299	9	with	with	ADP
cblr-2872	299	10	no	no	DET
cblr-2872	299	11	public	public	ADJ
cblr-2872	299	12	reporting	reporting	NOUN
cblr-2872	299	13	requirements	requirement	NOUN
cblr-2872	299	14	and	and	CCONJ
cblr-2872	299	15	little	little	ADJ
cblr-2872	299	16	or	or	CCONJ
cblr-2872	299	17	no	no	PRON
cblr-2872	299	18	price	price	NOUN
cblr-2872	299	19	discovery	discovery	NOUN
cblr-2872	299	20	.	.	PUNCT
cblr-2872	300	1	with	with	ADP
cblr-2872	300	2	the	the	DET
cblr-2872	300	3	lehman	lehman	PROPN
cblr-2872	300	4	bankruptcy	bankruptcy	NOUN
cblr-2872	300	5	,	,	PUNCT
cblr-2872	300	6	participants	participant	NOUN
cblr-2872	300	7	in	in	ADP
cblr-2872	300	8	the	the	DET
cblr-2872	300	9	market	market	NOUN
cblr-2872	300	10	became	become	VERB
cblr-2872	300	11	concerned	concerned	ADJ
cblr-2872	300	12	about	about	ADP
cblr-2872	300	13	the	the	DET
cblr-2872	300	14	exposures	exposure	NOUN
cblr-2872	300	15	and	and	CCONJ
cblr-2872	300	16	creditworthiness	creditworthiness	NOUN
cblr-2872	300	17	of	of	ADP
cblr-2872	300	18	their	their	PRON
cblr-2872	300	19	counterparties	counterpartie	NOUN
cblr-2872	300	20	and	and	CCONJ
cblr-2872	300	21	the	the	DET
cblr-2872	300	22	value	value	NOUN
cblr-2872	300	23	of	of	ADP
cblr-2872	300	24	their	their	PRON
cblr-2872	300	25	contracts	contract	NOUN
cblr-2872	300	26	.	.	PUNCT
cblr-2872	301	1	that	that	DET
cblr-2872	301	2	uncertainty	uncertainty	NOUN
cblr-2872	301	3	caused	cause	VERB
cblr-2872	301	4	an	an	DET
cblr-2872	301	5	abrupt	abrupt	ADJ
cblr-2872	301	6	retreat	retreat	NOUN
cblr-2872	301	7	from	from	ADP
cblr-2872	301	8	the	the	DET
cblr-2872	301	9	market	market	NOUN
cblr-2872	301	10	.	.	PUNCT
cblr-2872	301	11	"	"	PUNCT
cblr-2872	302	1	u.s	u.s	PROPN
cblr-2872	302	2	.	.	PROPN
cblr-2872	302	3	financial	financial	ADJ
cblr-2872	302	4	crisis	crisis	NOUN
cblr-2872	302	5	inquiry	inquiry	NOUN
cblr-2872	302	6	commission	commission	NOUN
cblr-2872	302	7	,	,	PUNCT
cblr-2872	302	8	the	the	DET
cblr-2872	302	9	financial	financial	ADJ
cblr-2872	302	10	crisis	crisis	NOUN
cblr-2872	302	11	inquiry	inquiry	NOUN
cblr-2872	302	12	report	report	NOUN
cblr-2872	302	13	:	:	PUNCT
cblr-2872	302	14	final	final	ADJ
cblr-2872	302	15	report	report	NOUN
cblr-2872	302	16	of	of	ADP
cblr-2872	302	17	the	the	DET
cblr-2872	302	18	national	national	ADJ
cblr-2872	302	19	commission	commission	PROPN
cblr-2872	302	20	on	on	ADP
cblr-2872	302	21	6988	6988	NUM
cblr-2872	302	22	[	[	X
cblr-2872	302	23	vol	vol	NOUN
cblr-2872	302	24	.	.	PUNCT
cblr-2872	303	1	2013	2013	NUM
cblr-2872	304	1	markets	market	NOUN
cblr-2872	304	2	did	do	AUX
cblr-2872	304	3	not	not	PART
cblr-2872	304	4	cause	cause	VERB
cblr-2872	304	5	the	the	DET
cblr-2872	304	6	financial	financial	ADJ
cblr-2872	304	7	crisis	crisis	NOUN
cblr-2872	304	8	,	,	PUNCT
cblr-2872	304	9	many	many	ADJ
cblr-2872	304	10	have	have	AUX
cblr-2872	304	11	argued	argue	VERB
cblr-2872	304	12	that	that	SCONJ
cblr-2872	304	13	the	the	DET
cblr-2872	304	14	lack	lack	NOUN
cblr-2872	304	15	of	of	ADP
cblr-2872	304	16	regulation	regulation	NOUN
cblr-2872	304	17	led	lead	VERB
cblr-2872	304	18	to	to	ADP
cblr-2872	304	19	a	a	DET
cblr-2872	304	20	build	build	NOUN
cblr-2872	304	21	-	-	PUNCT
cblr-2872	304	22	up	up	NOUN
cblr-2872	304	23	of	of	ADP
cblr-2872	304	24	systemic	systemic	ADJ
cblr-2872	304	25	risk	risk	NOUN
cblr-2872	304	26	and	and	CCONJ
cblr-2872	304	27	fundamental	fundamental	ADJ
cblr-2872	304	28	misunderstandings	misunderstanding	NOUN
cblr-2872	304	29	of	of	ADP
cblr-2872	304	30	swap	swap	NOUN
cblr-2872	304	31	products	product	NOUN
cblr-2872	304	32	that	that	PRON
cblr-2872	304	33	exacerbated	exacerbate	VERB
cblr-2872	304	34	the	the	DET
cblr-2872	304	35	financial	financial	ADJ
cblr-2872	304	36	crisis	crisis	NOUN
cblr-2872	304	37	and	and	CCONJ
cblr-2872	304	38	spread	spread	VERB
cblr-2872	304	39	its	its	PRON
cblr-2872	304	40	effects	effect	NOUN
cblr-2872	304	41	throughout	throughout	ADP
cblr-2872	304	42	the	the	DET
cblr-2872	304	43	economy	economy	NOUN
cblr-2872	304	44	.	.	PUNCT
cblr-2872	305	1	the	the	DET
cblr-2872	305	2	result	result	NOUN
cblr-2872	305	3	,	,	PUNCT
cblr-2872	305	4	not	not	PART
cblr-2872	305	5	surprisingly	surprisingly	ADV
cblr-2872	305	6	,	,	PUNCT
cblr-2872	305	7	was	be	AUX
cblr-2872	305	8	a	a	DET
cblr-2872	305	9	legislative	legislative	ADJ
cblr-2872	305	10	"	"	PUNCT
cblr-2872	305	11	fix	fix	NOUN
cblr-2872	305	12	"	"	PUNCT
cblr-2872	305	13	in	in	ADP
cblr-2872	305	14	title	title	NOUN
cblr-2872	305	15	vii	vii	PROPN
cblr-2872	305	16	of	of	ADP
cblr-2872	305	17	the	the	DET
cblr-2872	305	18	dodd	dodd	PROPN
cblr-2872	305	19	-	-	PUNCT
cblr-2872	305	20	frank	frank	PROPN
cblr-2872	305	21	act	act	PROPN
cblr-2872	305	22	.	.	PUNCT
cblr-2872	306	1	34	34	NUM
cblr-2872	306	2	title	title	NOUN
cblr-2872	306	3	vii	vii	PROPN
cblr-2872	306	4	amended	amend	VERB
cblr-2872	306	5	the	the	DET
cblr-2872	306	6	commodity	commodity	NOUN
cblr-2872	306	7	exchange	exchange	PROPN
cblr-2872	306	8	act	act	NOUN
cblr-2872	306	9	and	and	CCONJ
cblr-2872	306	10	the	the	DET
cblr-2872	306	11	federal	federal	ADJ
cblr-2872	306	12	securities	security	NOUN
cblr-2872	306	13	laws	law	NOUN
cblr-2872	306	14	to	to	PART
cblr-2872	306	15	impose	impose	VERB
cblr-2872	306	16	new	new	ADJ
cblr-2872	306	17	regulations	regulation	NOUN
cblr-2872	306	18	on	on	ADP
cblr-2872	306	19	the	the	DET
cblr-2872	306	20	swap	swap	NOUN
cblr-2872	306	21	markets	market	NOUN
cblr-2872	306	22	,	,	PUNCT
cblr-2872	306	23	which	which	PRON
cblr-2872	306	24	are	be	AUX
cblr-2872	306	25	modeled	model	VERB
cblr-2872	306	26	in	in	ADP
cblr-2872	306	27	large	large	ADJ
cblr-2872	306	28	part	part	NOUN
cblr-2872	306	29	on	on	ADP
cblr-2872	306	30	the	the	DET
cblr-2872	306	31	oversight	oversight	NOUN
cblr-2872	306	32	already	already	ADV
cblr-2872	306	33	afforded	afford	VERB
cblr-2872	306	34	the	the	DET
cblr-2872	306	35	futures	future	NOUN
cblr-2872	306	36	markets.3	markets.3	NOUN
cblr-2872	306	37	5	5	NUM
cblr-2872	306	38	the	the	DET
cblr-2872	306	39	main	main	ADJ
cblr-2872	306	40	pillars	pillar	NOUN
cblr-2872	306	41	of	of	ADP
cblr-2872	306	42	title	title	NOUN
cblr-2872	306	43	vii	vii	PROPN
cblr-2872	306	44	are	be	AUX
cblr-2872	306	45	provisions	provision	NOUN
cblr-2872	306	46	that	that	PRON
cblr-2872	306	47	:	:	PUNCT
cblr-2872	306	48	the	the	DET
cblr-2872	306	49	causes	cause	NOUN
cblr-2872	306	50	of	of	ADP
cblr-2872	306	51	the	the	DET
cblr-2872	306	52	financial	financial	ADJ
cblr-2872	306	53	and	and	CCONJ
cblr-2872	306	54	economic	economic	ADJ
cblr-2872	306	55	crisis	crisis	NOUN
cblr-2872	306	56	in	in	ADP
cblr-2872	306	57	the	the	DET
cblr-2872	306	58	united	united	PROPN
cblr-2872	306	59	states	states	PROPN
cblr-2872	306	60	363	363	NUM
cblr-2872	306	61	-	-	SYM
cblr-2872	306	62	64	64	NUM
cblr-2872	306	63	(	(	PUNCT
cblr-2872	306	64	2011	2011	NUM
cblr-2872	306	65	)	)	PUNCT
cblr-2872	306	66	,	,	PUNCT
cblr-2872	306	67	available	available	ADJ
cblr-2872	306	68	at	at	ADP
cblr-2872	306	69	http://www.gpo.gov/fdsys/pkg/gpofcic/pdflgpo-fcic.pdf	http://www.gpo.gov/fdsys/pkg/gpofcic/pdflgpo-fcic.pdf	NOUN
cblr-2872	306	70	;	;	PUNCT
cblr-2872	306	71	see	see	VERB
cblr-2872	306	72	also	also	ADV
cblr-2872	306	73	benjamin	benjamin	PROPN
cblr-2872	306	74	m.	m.	PROPN
cblr-2872	306	75	weadon	weadon	PROPN
cblr-2872	306	76	,	,	PUNCT
cblr-2872	306	77	international	international	ADJ
cblr-2872	306	78	regulatory	regulatory	ADJ
cblr-2872	306	79	arbitrage	arbitrage	NOUN
cblr-2872	306	80	resulting	result	VERB
cblr-2872	306	81	from	from	ADP
cblr-2872	306	82	dodd	dodd	PROPN
cblr-2872	306	83	-	-	PUNCT
cblr-2872	306	84	frank	frank	ADJ
cblr-2872	306	85	derivatives	derivative	NOUN
cblr-2872	306	86	regulation	regulation	NOUN
cblr-2872	306	87	,	,	PUNCT
cblr-2872	306	88	16	16	NUM
cblr-2872	306	89	n.c	n.c	PROPN
cblr-2872	306	90	.	.	PROPN
cblr-2872	306	91	banking	banking	NOUN
cblr-2872	306	92	inst	inst	PROPN
cblr-2872	306	93	.	.	PUNCT
cblr-2872	307	1	249	249	NUM
cblr-2872	307	2	,	,	PUNCT
cblr-2872	307	3	256	256	NUM
cblr-2872	307	4	-	-	SYM
cblr-2872	307	5	57	57	NUM
cblr-2872	307	6	(	(	PUNCT
cblr-2872	307	7	2012	2012	NUM
cblr-2872	307	8	)	)	PUNCT
cblr-2872	307	9	(	(	PUNCT
cblr-2872	307	10	describing	describe	VERB
cblr-2872	307	11	some	some	PRON
cblr-2872	307	12	of	of	ADP
cblr-2872	307	13	the	the	DET
cblr-2872	307	14	risks	risk	NOUN
cblr-2872	307	15	associated	associate	VERB
cblr-2872	307	16	with	with	ADP
cblr-2872	307	17	otc	otc	PROPN
cblr-2872	307	18	derivatives	derivative	NOUN
cblr-2872	307	19	during	during	ADP
cblr-2872	307	20	the	the	DET
cblr-2872	307	21	global	global	ADJ
cblr-2872	307	22	financial	financial	ADJ
cblr-2872	307	23	crisis	crisis	NOUN
cblr-2872	307	24	of	of	ADP
cblr-2872	307	25	2008	2008	NUM
cblr-2872	307	26	)	)	PUNCT
cblr-2872	307	27	.	.	PUNCT
cblr-2872	308	1	34	34	NUM
cblr-2872	308	2	wall	wall	PROPN
cblr-2872	308	3	street	street	PROPN
cblr-2872	308	4	transparency	transparency	NOUN
cblr-2872	308	5	and	and	CCONJ
cblr-2872	308	6	accountability	accountability	NOUN
cblr-2872	308	7	act	act	NOUN
cblr-2872	308	8	of	of	ADP
cblr-2872	308	9	2010	2010	NUM
cblr-2872	308	10	,	,	PUNCT
cblr-2872	308	11	pub	pub	NOUN
cblr-2872	308	12	.	.	PUNCT
cblr-2872	309	1	l.	l.	PROPN
cblr-2872	309	2	no	no	INTJ
cblr-2872	309	3	.	.	PROPN
cblr-2872	309	4	111	111	NUM
cblr-2872	309	5	-	-	SYM
cblr-2872	309	6	203	203	NUM
cblr-2872	309	7	,	,	PUNCT
cblr-2872	309	8	124	124	NUM
cblr-2872	309	9	stat	stat	NOUN
cblr-2872	309	10	.	.	PUNCT
cblr-2872	310	1	1641	1641	NUM
cblr-2872	310	2	(	(	PUNCT
cblr-2872	310	3	2010	2010	NUM
cblr-2872	310	4	)	)	PUNCT
cblr-2872	310	5	.	.	PUNCT
cblr-2872	311	1	see	see	VERB
cblr-2872	311	2	also	also	ADV
cblr-2872	311	3	dodd	dodd	PROPN
cblr-2872	311	4	-	-	PUNCT
cblr-2872	311	5	frank	frank	PROPN
cblr-2872	311	6	wall	wall	PROPN
cblr-2872	311	7	street	street	PROPN
cblr-2872	311	8	reform	reform	PROPN
cblr-2872	311	9	and	and	CCONJ
cblr-2872	311	10	consumer	consumer	NOUN
cblr-2872	311	11	protection	protection	PROPN
cblr-2872	311	12	act	act	PROPN
cblr-2872	311	13	,	,	PUNCT
cblr-2872	311	14	pub	pub	NOUN
cblr-2872	311	15	.	.	PUNCT
cblr-2872	312	1	l.	l.	PROPN
cblr-2872	312	2	no	no	INTJ
cblr-2872	312	3	.	.	PROPN
cblr-2872	312	4	111	111	NUM
cblr-2872	312	5	-	-	SYM
cblr-2872	312	6	203	203	NUM
cblr-2872	312	7	,	,	PUNCT
cblr-2872	312	8	124	124	NUM
cblr-2872	312	9	stat	stat	NOUN
cblr-2872	312	10	.	.	PUNCT
cblr-2872	313	1	1376	1376	NUM
cblr-2872	313	2	(	(	PUNCT
cblr-2872	313	3	2010	2010	NUM
cblr-2872	313	4	)	)	PUNCT
cblr-2872	313	5	(	(	PUNCT
cblr-2872	313	6	to	to	PART
cblr-2872	313	7	be	be	AUX
cblr-2872	313	8	codified	codify	VERB
cblr-2872	313	9	in	in	ADP
cblr-2872	313	10	scattered	scatter	VERB
cblr-2872	313	11	sections	section	NOUN
cblr-2872	313	12	of	of	ADP
cblr-2872	313	13	the	the	DET
cblr-2872	313	14	u.s	u.s	PROPN
cblr-2872	313	15	.	.	PROPN
cblr-2872	313	16	code	code	PROPN
cblr-2872	313	17	)	)	PUNCT
cblr-2872	313	18	;	;	PUNCT
cblr-2872	313	19	davis	davis	PROPN
cblr-2872	313	20	polk	polk	PROPN
cblr-2872	313	21	&	&	CCONJ
cblr-2872	313	22	wardwell	wardwell	PROPN
cblr-2872	313	23	,	,	PUNCT
cblr-2872	313	24	summary	summary	NOUN
cblr-2872	313	25	of	of	ADP
cblr-2872	313	26	the	the	DET
cblr-2872	313	27	dodd	dodd	PROPN
cblr-2872	313	28	-	-	PUNCT
cblr-2872	313	29	frank	frank	PROPN
cblr-2872	313	30	wall	wall	PROPN
cblr-2872	313	31	street	street	PROPN
cblr-2872	313	32	reform	reform	PROPN
cblr-2872	313	33	and	and	CCONJ
cblr-2872	313	34	consumer	consumer	NOUN
cblr-2872	313	35	protection	protection	PROPN
cblr-2872	313	36	act	act	PROPN
cblr-2872	313	37	,	,	PUNCT
cblr-2872	313	38	enacted	enact	VERB
cblr-2872	313	39	into	into	ADP
cblr-2872	313	40	law	law	NOUN
cblr-2872	313	41	on	on	ADP
cblr-2872	313	42	july	july	PROPN
cblr-2872	313	43	21	21	NUM
cblr-2872	313	44	,	,	PUNCT
cblr-2872	313	45	2010	2010	NUM
cblr-2872	313	46	(	(	PUNCT
cblr-2872	313	47	july	july	PROPN
cblr-2872	313	48	21	21	NUM
cblr-2872	313	49	,	,	PUNCT
cblr-2872	313	50	2010	2010	NUM
cblr-2872	313	51	)	)	PUNCT
cblr-2872	313	52	,	,	PUNCT
cblr-2872	313	53	available	available	ADJ
cblr-2872	313	54	at	at	ADP
cblr-2872	313	55	http://www.davispolk.com	http://www.davispolk.com	X
cblr-2872	313	56	/sites	/site	NOUN
cblr-2872	313	57	/	/	SYM
cblr-2872	313	58	default	default	NOUN
cblr-2872	313	59	/	/	SYM
cblr-2872	313	60	files	file	NOUN
cblr-2872	313	61	/	/	SYM
cblr-2872	313	62	files	file	NOUN
cblr-2872	313	63	/	/	SYM
cblr-2872	313	64	publication	publication	NOUN
cblr-2872	313	65	/	/	SYM
cblr-2872	313	66	efb94428	efb94428	NOUN
cblr-2872	313	67	-	-	PUNCT
cblr-2872	313	68	9911	9911	NUM
cblr-2872	313	69	-	-	PUNCT
cblr-2872	313	70	4472	4472	NUM
cblr-2872	313	71	-	-	PUNCT
cblr-2872	313	72	b5dd006e9c6185bb	b5dd006e9c6185bb	NOUN
cblr-2872	313	73	/	/	SYM
cblr-2872	313	74	preview	preview	NOUN
cblr-2872	313	75	/	/	SYM
cblr-2872	313	76	publicationattachmentefd835f6	publicationattachmentefd835f6	NOUN
cblr-2872	313	77	-	-	PUNCT
cblr-2872	313	78	2014	2014	NUM
cblr-2872	313	79	-	-	PUNCT
cblr-2872	313	80	4a48	4a48	NUM
cblr-2872	313	81	-	-	PUNCT
cblr-2872	313	82	832d00aa2a4e3fddl070910financialreformsummary.pdf	832d00aa2a4e3fddl070910financialreformsummary.pdf	PROPN
cblr-2872	313	83	(	(	PUNCT
cblr-2872	313	84	summarizing	summarize	VERB
cblr-2872	313	85	the	the	DET
cblr-2872	313	86	provisions	provision	NOUN
cblr-2872	313	87	of	of	ADP
cblr-2872	313	88	the	the	DET
cblr-2872	313	89	dodd	dodd	PROPN
cblr-2872	313	90	-	-	PUNCT
cblr-2872	313	91	frank	frank	PROPN
cblr-2872	313	92	act	act	PROPN
cblr-2872	313	93	)	)	PUNCT
cblr-2872	313	94	.	.	PUNCT
cblr-2872	314	1	for	for	ADP
cblr-2872	314	2	an	an	DET
cblr-2872	314	3	overview	overview	NOUN
cblr-2872	314	4	of	of	ADP
cblr-2872	314	5	the	the	DET
cblr-2872	314	6	primary	primary	ADJ
cblr-2872	314	7	features	feature	NOUN
cblr-2872	314	8	of	of	ADP
cblr-2872	314	9	the	the	DET
cblr-2872	314	10	dodd	dodd	PROPN
cblr-2872	314	11	-	-	PUNCT
cblr-2872	314	12	frank	frank	PROPN
cblr-2872	314	13	act	act	PROPN
cblr-2872	314	14	's	's	PART
cblr-2872	314	15	swap	swap	ADJ
cblr-2872	314	16	regulatory	regulatory	ADJ
cblr-2872	314	17	reforms	reform	NOUN
cblr-2872	314	18	,	,	PUNCT
cblr-2872	314	19	see	see	VERB
cblr-2872	314	20	michael	michael	PROPN
cblr-2872	314	21	s.	s.	PROPN
cblr-2872	314	22	barr	barr	PROPN
cblr-2872	314	23	,	,	PUNCT
cblr-2872	314	24	the	the	DET
cblr-2872	314	25	financial	financial	ADJ
cblr-2872	314	26	crisis	crisis	NOUN
cblr-2872	314	27	and	and	CCONJ
cblr-2872	314	28	the	the	DET
cblr-2872	314	29	path	path	NOUN
cblr-2872	314	30	of	of	ADP
cblr-2872	314	31	reform	reform	NOUN
cblr-2872	314	32	,	,	PUNCT
cblr-2872	314	33	29	29	NUM
cblr-2872	314	34	yale	yale	PROPN
cblr-2872	314	35	j.	j.	PROPN
cblr-2872	314	36	on	on	ADP
cblr-2872	314	37	reg	reg	PROPN
cblr-2872	314	38	.	.	PROPN
cblr-2872	314	39	91	91	NUM
cblr-2872	314	40	,	,	PUNCT
cblr-2872	314	41	103	103	NUM
cblr-2872	314	42	-	-	SYM
cblr-2872	314	43	05	05	NUM
cblr-2872	314	44	(	(	PUNCT
cblr-2872	314	45	2012	2012	NUM
cblr-2872	314	46	)	)	PUNCT
cblr-2872	314	47	.	.	PUNCT
cblr-2872	315	1	35	35	NUM
cblr-2872	315	2	see	see	VERB
cblr-2872	315	3	gary	gary	PROPN
cblr-2872	315	4	gensler	gensler	NOUN
cblr-2872	315	5	,	,	PUNCT
cblr-2872	315	6	chairman	chairman	NOUN
cblr-2872	315	7	,	,	PUNCT
cblr-2872	315	8	cftc	cftc	PROPN
cblr-2872	315	9	,	,	PUNCT
cblr-2872	315	10	cftc	cftc	PROPN
cblr-2872	315	11	roundtable	roundtable	NOUN
cblr-2872	315	12	,	,	PUNCT
cblr-2872	315	13	supra	supra	PROPN
cblr-2872	315	14	note	note	NOUN
cblr-2872	315	15	3	3	NUM
cblr-2872	315	16	,	,	PUNCT
cblr-2872	315	17	at	at	ADP
cblr-2872	315	18	11	11	NUM
cblr-2872	315	19	-	-	SYM
cblr-2872	315	20	12	12	NUM
cblr-2872	315	21	(	(	PUNCT
cblr-2872	315	22	"	"	PUNCT
cblr-2872	315	23	in	in	ADP
cblr-2872	315	24	the	the	DET
cblr-2872	315	25	1980s	1980	NOUN
cblr-2872	315	26	,	,	PUNCT
cblr-2872	315	27	the	the	DET
cblr-2872	315	28	swaps	swap	NOUN
cblr-2872	315	29	markets	market	NOUN
cblr-2872	315	30	emerged	emerge	VERB
cblr-2872	315	31	,	,	PUNCT
cblr-2872	315	32	and	and	CCONJ
cblr-2872	315	33	until	until	ADP
cblr-2872	315	34	now	now	ADV
cblr-2872	315	35	it	it	PRON
cblr-2872	315	36	lacked	lack	VERB
cblr-2872	315	37	the	the	DET
cblr-2872	315	38	benefit	benefit	NOUN
cblr-2872	315	39	of	of	ADP
cblr-2872	315	40	.	.	PUNCT
cblr-2872	315	41	..	..	PUNCT
cblr-2872	316	1	rules	rule	NOUN
cblr-2872	316	2	to	to	PART
cblr-2872	316	3	promote	promote	VERB
cblr-2872	316	4	transparency	transparency	NOUN
cblr-2872	316	5	,	,	PUNCT
cblr-2872	316	6	lower	low	ADJ
cblr-2872	316	7	risk	risk	NOUN
cblr-2872	316	8	through	through	ADP
cblr-2872	316	9	central	central	ADJ
cblr-2872	316	10	clearing	clearing	NOUN
cblr-2872	316	11	,	,	PUNCT
cblr-2872	316	12	and	and	CCONJ
cblr-2872	316	13	promote	promote	VERB
cblr-2872	316	14	integrity	integrity	NOUN
cblr-2872	316	15	by	by	ADP
cblr-2872	316	16	overseeing	oversee	VERB
cblr-2872	316	17	the	the	DET
cblr-2872	316	18	intermediaries	intermediary	NOUN
cblr-2872	316	19	.	.	PUNCT
cblr-2872	317	1	we	we	PRON
cblr-2872	317	2	know	know	VERB
cblr-2872	317	3	what	what	PRON
cblr-2872	317	4	followed	follow	VERB
cblr-2872	317	5	:	:	PUNCT
cblr-2872	317	6	the	the	DET
cblr-2872	317	7	2008	2008	NUM
cblr-2872	317	8	financial	financial	ADJ
cblr-2872	317	9	crisis	crisis	NOUN
cblr-2872	317	10	,	,	PUNCT
cblr-2872	317	11	[	[	X
cblr-2872	317	12	in	in	ADP
cblr-2872	317	13	]	]	PUNCT
cblr-2872	317	14	which	which	PRON
cblr-2872	317	15	eight	eight	NUM
cblr-2872	317	16	million	million	NUM
cblr-2872	317	17	american	american	ADJ
cblr-2872	317	18	jobs	job	NOUN
cblr-2872	317	19	were	be	AUX
cblr-2872	317	20	lost	lose	VERB
cblr-2872	317	21	.	.	PUNCT
cblr-2872	318	1	in	in	ADP
cblr-2872	318	2	contrast	contrast	NOUN
cblr-2872	318	3	,	,	PUNCT
cblr-2872	318	4	the	the	DET
cblr-2872	318	5	futures	future	NOUN
cblr-2872	318	6	markets	market	NOUN
cblr-2872	318	7	supported	support	VERB
cblr-2872	318	8	by	by	ADP
cblr-2872	318	9	earlier	early	ADJ
cblr-2872	318	10	reforms	reform	NOUN
cblr-2872	318	11	weathered	weather	VERB
cblr-2872	318	12	the	the	DET
cblr-2872	318	13	financial	financial	ADJ
cblr-2872	318	14	crisis	crisis	NOUN
cblr-2872	318	15	.	.	PUNCT
cblr-2872	319	1	president	president	PROPN
cblr-2872	319	2	obama	obama	PROPN
cblr-2872	319	3	and	and	CCONJ
cblr-2872	319	4	congress	congress	PROPN
cblr-2872	319	5	responded	respond	VERB
cblr-2872	319	6	and	and	CCONJ
cblr-2872	319	7	crafted	craft	VERB
cblr-2872	319	8	a	a	DET
cblr-2872	319	9	swaps	swap	NOUN
cblr-2872	319	10	provision	provision	NOUN
cblr-2872	319	11	of	of	ADP
cblr-2872	319	12	dodd	dodd	PROPN
cblr-2872	319	13	-	-	PUNCT
cblr-2872	319	14	frank	frank	PROPN
cblr-2872	319	15	by	by	ADP
cblr-2872	319	16	borrowing	borrow	VERB
cblr-2872	319	17	from	from	ADP
cblr-2872	319	18	what	what	PRON
cblr-2872	319	19	had	have	AUX
cblr-2872	319	20	worked	work	VERB
cblr-2872	319	21	best	well	ADV
cblr-2872	319	22	in	in	ADP
cblr-2872	319	23	the	the	DET
cblr-2872	319	24	futures	future	NOUN
cblr-2872	319	25	markets	market	NOUN
cblr-2872	319	26	for	for	ADP
cblr-2872	319	27	decades	decade	NOUN
cblr-2872	319	28	:	:	PUNCT
cblr-2872	319	29	clearing	clearing	NOUN
cblr-2872	319	30	,	,	PUNCT
cblr-2872	319	31	transparency	transparency	NOUN
cblr-2872	319	32	,	,	PUNCT
cblr-2872	319	33	[	[	X
cblr-2872	319	34	and	and	CCONJ
cblr-2872	319	35	]	]	X
cblr-2872	319	36	oversight	oversight	NOUN
cblr-2872	319	37	of	of	ADP
cblr-2872	319	38	intermediaries	intermediary	NOUN
cblr-2872	319	39	.	.	PUNCT
cblr-2872	319	40	"	"	PUNCT
cblr-2872	319	41	)	)	PUNCT
cblr-2872	319	42	.	.	PUNCT
cblr-2872	320	1	689no	689no	PROPN
cblr-2872	320	2	.	.	PUNCT
cblr-2872	321	1	3:667]1	3:667]1	NUM
cblr-2872	321	2	regula	regula	NOUN
cblr-2872	321	3	tion	tion	NOUN
cblr-2872	321	4	through	through	ADP
cblr-2872	321	5	substitution	substitution	NOUN
cblr-2872	321	6	690	690	NUM
cblr-2872	321	7	columbia	columbia	PROPN
cblr-2872	321	8	business	business	NOUN
cblr-2872	321	9	law	law	PROPN
cblr-2872	321	10	review	review	NOUN
cblr-2872	321	11	[	[	X
cblr-2872	321	12	vol	vol	NOUN
cblr-2872	321	13	.	.	PUNCT
cblr-2872	322	1	2013	2013	NUM
cblr-2872	322	2	*	*	PUNCT
cblr-2872	322	3	divide	divide	NOUN
cblr-2872	322	4	jurisdiction	jurisdiction	NOUN
cblr-2872	322	5	over	over	ADP
cblr-2872	322	6	swap	swap	NOUN
cblr-2872	322	7	products	product	NOUN
cblr-2872	322	8	between	between	ADP
cblr-2872	322	9	the	the	DET
cblr-2872	322	10	cftc	cftc	PROPN
cblr-2872	322	11	and	and	CCONJ
cblr-2872	322	12	sec;3	sec;3	PROPN
cblr-2872	322	13	6	6	NUM
cblr-2872	322	14	*	*	PUNCT
cblr-2872	322	15	subject	subject	ADJ
cblr-2872	322	16	standardized	standardize	VERB
cblr-2872	322	17	swaps	swap	NOUN
cblr-2872	322	18	to	to	ADP
cblr-2872	322	19	centralized	centralized	ADJ
cblr-2872	322	20	clearing	clearing	NOUN
cblr-2872	322	21	in	in	ADP
cblr-2872	322	22	order	order	NOUN
cblr-2872	322	23	to	to	PART
cblr-2872	322	24	decrease	decrease	VERB
cblr-2872	322	25	systemic	systemic	ADJ
cblr-2872	322	26	risk37	risk37	NOUN
cblr-2872	322	27	and	and	CCONJ
cblr-2872	322	28	to	to	ADP
cblr-2872	322	29	electronic	electronic	ADJ
cblr-2872	322	30	platform	platform	NOUN
cblr-2872	322	31	trading	trading	NOUN
cblr-2872	322	32	to	to	PART
cblr-2872	322	33	increase	increase	VERB
cblr-2872	322	34	market	market	NOUN
cblr-2872	322	35	transparency	transparency	NOUN
cblr-2872	322	36	;	;	PUNCT
cblr-2872	322	37	38	38	NUM
cblr-2872	322	38	36	36	NUM
cblr-2872	322	39	see	see	VERB
cblr-2872	322	40	commodity	commodity	NOUN
cblr-2872	322	41	exchange	exchange	PROPN
cblr-2872	322	42	act	act	PROPN
cblr-2872	322	43	§	§	PROPN
cblr-2872	322	44	la(47	la(47	PROPN
cblr-2872	322	45	)	)	PUNCT
cblr-2872	322	46	,	,	PUNCT
cblr-2872	322	47	7	7	NUM
cblr-2872	322	48	u.s.c	u.s.c	ADJ
cblr-2872	322	49	.	.	PUNCT
cblr-2872	323	1	§	§	PROPN
cblr-2872	323	2	la(47	la(47	PROPN
cblr-2872	323	3	)	)	PUNCT
cblr-2872	323	4	(	(	PUNCT
cblr-2872	323	5	2012	2012	NUM
cblr-2872	323	6	)	)	PUNCT
cblr-2872	323	7	(	(	PUNCT
cblr-2872	323	8	definition	definition	NOUN
cblr-2872	323	9	of	of	ADP
cblr-2872	323	10	"	"	PUNCT
cblr-2872	323	11	swap	swap	NOUN
cblr-2872	323	12	"	"	PUNCT
cblr-2872	323	13	)	)	PUNCT
cblr-2872	323	14	;	;	PUNCT
cblr-2872	323	15	securities	security	NOUN
cblr-2872	323	16	exchange	exchange	PROPN
cblr-2872	323	17	act	act	PROPN
cblr-2872	323	18	§	§	PROPN
cblr-2872	323	19	3(a)(68	3(a)(68	NUM
cblr-2872	323	20	)	)	PUNCT
cblr-2872	323	21	,	,	PUNCT
cblr-2872	323	22	15	15	NUM
cblr-2872	323	23	u.s.c	u.s.c	ADJ
cblr-2872	323	24	.	.	PUNCT
cblr-2872	324	1	§	§	PROPN
cblr-2872	324	2	78c(68	78c(68	NUM
cblr-2872	324	3	)	)	PUNCT
cblr-2872	324	4	(	(	PUNCT
cblr-2872	324	5	2012	2012	NUM
cblr-2872	324	6	)	)	PUNCT
cblr-2872	324	7	(	(	PUNCT
cblr-2872	324	8	definition	definition	NOUN
cblr-2872	324	9	of	of	ADP
cblr-2872	324	10	"	"	PUNCT
cblr-2872	324	11	security	security	NOUN
cblr-2872	324	12	-	-	PUNCT
cblr-2872	324	13	based	base	VERB
cblr-2872	324	14	swap	swap	NOUN
cblr-2872	324	15	"	"	PUNCT
cblr-2872	324	16	)	)	PUNCT
cblr-2872	324	17	;	;	PUNCT
cblr-2872	324	18	further	further	ADJ
cblr-2872	324	19	definition	definition	NOUN
cblr-2872	324	20	of	of	ADP
cblr-2872	324	21	"	"	PUNCT
cblr-2872	324	22	swap	swap	NOUN
cblr-2872	324	23	,	,	PUNCT
cblr-2872	324	24	"	"	PUNCT
cblr-2872	324	25	"	"	PUNCT
cblr-2872	324	26	security	security	NOUN
cblr-2872	324	27	-	-	PUNCT
cblr-2872	324	28	based	base	VERB
cblr-2872	324	29	swap	swap	NOUN
cblr-2872	324	30	,	,	PUNCT
cblr-2872	324	31	"	"	PUNCT
cblr-2872	324	32	and	and	CCONJ
cblr-2872	324	33	"	"	PUNCT
cblr-2872	324	34	security	security	NOUN
cblr-2872	324	35	-	-	PUNCT
cblr-2872	324	36	based	base	VERB
cblr-2872	324	37	swap	swap	NOUN
cblr-2872	324	38	agreement	agreement	NOUN
cblr-2872	324	39	"	"	PUNCT
cblr-2872	324	40	;	;	PUNCT
cblr-2872	324	41	mixed	mixed	ADJ
cblr-2872	324	42	swaps	swap	NOUN
cblr-2872	324	43	;	;	PUNCT
cblr-2872	324	44	security	security	NOUN
cblr-2872	324	45	-	-	PUNCT
cblr-2872	324	46	based	base	VERB
cblr-2872	324	47	swap	swap	NOUN
cblr-2872	324	48	agreement	agreement	NOUN
cblr-2872	324	49	recordkeeping	recordkeeping	NOUN
cblr-2872	324	50	,	,	PUNCT
cblr-2872	324	51	77	77	NUM
cblr-2872	324	52	fed	fed	PROPN
cblr-2872	324	53	.	.	PUNCT
cblr-2872	325	1	reg	reg	PROPN
cblr-2872	325	2	.	.	PUNCT
cblr-2872	326	1	48,208	48,208	NUM
cblr-2872	326	2	(	(	PUNCT
cblr-2872	326	3	aug	aug	PROPN
cblr-2872	326	4	.	.	PROPN
cblr-2872	326	5	13	13	NUM
cblr-2872	326	6	,	,	PUNCT
cblr-2872	326	7	2012	2012	NUM
cblr-2872	326	8	)	)	PUNCT
cblr-2872	326	9	(	(	PUNCT
cblr-2872	326	10	to	to	PART
cblr-2872	326	11	be	be	AUX
cblr-2872	326	12	codified	codify	VERB
cblr-2872	326	13	at	at	ADP
cblr-2872	326	14	17	17	NUM
cblr-2872	326	15	c.f.r	c.f.r	NOUN
cblr-2872	326	16	.	.	PUNCT
cblr-2872	327	1	pts	pts	PROPN
cblr-2872	327	2	.	.	PROPN
cblr-2872	327	3	230	230	NUM
cblr-2872	327	4	,	,	PUNCT
cblr-2872	327	5	240	240	NUM
cblr-2872	327	6	,	,	PUNCT
cblr-2872	327	7	241	241	NUM
cblr-2872	327	8	)	)	PUNCT
cblr-2872	327	9	.	.	PUNCT
cblr-2872	328	1	for	for	ADP
cblr-2872	328	2	an	an	DET
cblr-2872	328	3	explanation	explanation	NOUN
cblr-2872	328	4	of	of	ADP
cblr-2872	328	5	the	the	DET
cblr-2872	328	6	political	political	ADJ
cblr-2872	328	7	considerations	consideration	NOUN
cblr-2872	328	8	of	of	ADP
cblr-2872	328	9	the	the	DET
cblr-2872	328	10	split	split	NOUN
cblr-2872	328	11	in	in	ADP
cblr-2872	328	12	regulatory	regulatory	ADJ
cblr-2872	328	13	authority	authority	NOUN
cblr-2872	328	14	among	among	ADP
cblr-2872	328	15	u.s	u.s	PROPN
cblr-2872	328	16	.	.	PROPN
cblr-2872	328	17	financial	financial	ADJ
cblr-2872	328	18	regulators	regulator	NOUN
cblr-2872	328	19	,	,	PUNCT
cblr-2872	328	20	see	see	VERB
cblr-2872	328	21	roberta	roberta	PROPN
cblr-2872	328	22	romano	romano	PROPN
cblr-2872	328	23	,	,	PUNCT
cblr-2872	328	24	against	against	ADP
cblr-2872	328	25	financial	financial	ADJ
cblr-2872	328	26	regulation	regulation	NOUN
cblr-2872	328	27	harmonization	harmonization	NOUN
cblr-2872	328	28	:	:	PUNCT
cblr-2872	328	29	a	a	DET
cblr-2872	328	30	comment	comment	NOUN
cblr-2872	328	31	14	14	NUM
cblr-2872	328	32	(	(	PUNCT
cblr-2872	328	33	yale	yale	PROPN
cblr-2872	328	34	law	law	PROPN
cblr-2872	328	35	&	&	CCONJ
cblr-2872	328	36	econ	econ	PROPN
cblr-2872	328	37	.	.	PUNCT
cblr-2872	329	1	research	research	NOUN
cblr-2872	329	2	paper	paper	NOUN
cblr-2872	329	3	no	no	INTJ
cblr-2872	329	4	.	.	PROPN
cblr-2872	329	5	144	144	NUM
cblr-2872	329	6	,	,	PUNCT
cblr-2872	329	7	2010	2010	NUM
cblr-2872	329	8	)	)	PUNCT
cblr-2872	329	9	,	,	PUNCT
cblr-2872	329	10	available	available	ADJ
cblr-2872	329	11	at	at	ADP
cblr-2872	329	12	http://ssrn.com/abstract=1697348	http://ssrn.com/abstract=1697348	PROPN
cblr-2872	329	13	(	(	PUNCT
cblr-2872	329	14	"	"	PUNCT
cblr-2872	329	15	a	a	DET
cblr-2872	329	16	concern	concern	NOUN
cblr-2872	329	17	animating	animate	VERB
cblr-2872	329	18	[	[	PUNCT
cblr-2872	329	19	the	the	DET
cblr-2872	329	20	portion	portion	NOUN
cblr-2872	329	21	of	of	ADP
cblr-2872	329	22	the	the	DET
cblr-2872	329	23	treasury	treasury	PROPN
cblr-2872	329	24	department	department	PROPN
cblr-2872	329	25	's	's	PART
cblr-2872	329	26	2008	2008	NUM
cblr-2872	329	27	proposal	proposal	NOUN
cblr-2872	329	28	which	which	PRON
cblr-2872	329	29	sought	seek	VERB
cblr-2872	329	30	to	to	PART
cblr-2872	329	31	consolidate	consolidate	VERB
cblr-2872	329	32	regulatory	regulatory	ADJ
cblr-2872	329	33	authority	authority	NOUN
cblr-2872	329	34	]	]	PUNCT
cblr-2872	329	35	was	be	AUX
cblr-2872	329	36	that	that	PRON
cblr-2872	329	37	fragmentation	fragmentation	NOUN
cblr-2872	329	38	of	of	ADP
cblr-2872	329	39	regulatory	regulatory	ADJ
cblr-2872	329	40	authority	authority	NOUN
cblr-2872	329	41	contributed	contribute	VERB
cblr-2872	329	42	to	to	ADP
cblr-2872	329	43	the	the	DET
cblr-2872	329	44	depth	depth	NOUN
cblr-2872	329	45	and	and	CCONJ
cblr-2872	329	46	breadth	breadth	NOUN
cblr-2872	329	47	of	of	ADP
cblr-2872	329	48	the	the	DET
cblr-2872	329	49	crisis	crisis	NOUN
cblr-2872	329	50	(	(	PUNCT
cblr-2872	329	51	because	because	SCONJ
cblr-2872	329	52	regulators	regulator	NOUN
cblr-2872	329	53	might	might	AUX
cblr-2872	329	54	not	not	PART
cblr-2872	329	55	have	have	AUX
cblr-2872	329	56	had	have	VERB
cblr-2872	329	57	command	command	NOUN
cblr-2872	329	58	over	over	ADP
cblr-2872	329	59	all	all	PRON
cblr-2872	329	60	of	of	ADP
cblr-2872	329	61	the	the	DET
cblr-2872	329	62	information	information	NOUN
cblr-2872	329	63	involving	involve	VERB
cblr-2872	329	64	an	an	DET
cblr-2872	329	65	institution	institution	NOUN
cblr-2872	329	66	or	or	CCONJ
cblr-2872	329	67	market	market	NOUN
cblr-2872	329	68	crash	crash	NOUN
cblr-2872	329	69	within	within	ADP
cblr-2872	329	70	their	their	PRON
cblr-2872	329	71	jurisdiction	jurisdiction	NOUN
cblr-2872	329	72	)	)	PUNCT
cblr-2872	329	73	.	.	PUNCT
cblr-2872	330	1	the	the	DET
cblr-2872	330	2	treasury	treasury	NOUN
cblr-2872	330	3	's	's	PART
cblr-2872	330	4	proposal	proposal	NOUN
cblr-2872	330	5	failed	fail	VERB
cblr-2872	330	6	to	to	PART
cblr-2872	330	7	garner	garner	VERB
cblr-2872	330	8	political	political	ADJ
cblr-2872	330	9	support	support	NOUN
cblr-2872	330	10	,	,	PUNCT
cblr-2872	330	11	however	however	ADV
cblr-2872	330	12	.	.	PUNCT
cblr-2872	331	1	dodd	dodd	PROPN
cblr-2872	331	2	-	-	PUNCT
cblr-2872	331	3	frank	frank	PROPN
cblr-2872	331	4	not	not	PART
cblr-2872	331	5	only	only	ADV
cblr-2872	331	6	left	leave	VERB
cblr-2872	331	7	the	the	DET
cblr-2872	331	8	multiple	multiple	ADJ
cblr-2872	331	9	regulator	regulator	NOUN
cblr-2872	331	10	architecture	architecture	NOUN
cblr-2872	331	11	virtually	virtually	ADV
cblr-2872	331	12	intact	intact	ADJ
cblr-2872	331	13	,	,	PUNCT
cblr-2872	331	14	but	but	CCONJ
cblr-2872	331	15	also	also	ADV
cblr-2872	331	16	moved	move	VERB
cblr-2872	331	17	in	in	ADP
cblr-2872	331	18	the	the	DET
cblr-2872	331	19	opposite	opposite	ADJ
cblr-2872	331	20	direction	direction	NOUN
cblr-2872	331	21	and	and	CCONJ
cblr-2872	331	22	expanded	expand	VERB
cblr-2872	331	23	the	the	DET
cblr-2872	331	24	number	number	NOUN
cblr-2872	331	25	of	of	ADP
cblr-2872	331	26	regulatory	regulatory	ADJ
cblr-2872	331	27	entities	entity	NOUN
cblr-2872	331	28	.	.	PUNCT
cblr-2872	332	1	"	"	PUNCT
cblr-2872	332	2	)	)	PUNCT
cblr-2872	332	3	.	.	PUNCT
cblr-2872	333	1	37	37	NUM
cblr-2872	333	2	see	see	VERB
cblr-2872	333	3	commodity	commodity	NOUN
cblr-2872	333	4	exchange	exchange	PROPN
cblr-2872	333	5	act	act	VERB
cblr-2872	333	6	§	§	PROPN
cblr-2872	333	7	2(h)(1	2(h)(1	NUM
cblr-2872	333	8	)	)	PUNCT
cblr-2872	333	9	(	(	PUNCT
cblr-2872	333	10	clearing	clearing	NOUN
cblr-2872	333	11	requirement	requirement	NOUN
cblr-2872	333	12	)	)	PUNCT
cblr-2872	333	13	and	and	CCONJ
cblr-2872	333	14	commodity	commodity	NOUN
cblr-2872	333	15	exchange	exchange	PROPN
cblr-2872	333	16	act	act	PROPN
cblr-2872	333	17	§	§	PROPN
cblr-2872	333	18	2(h)(8	2(h)(8	NUM
cblr-2872	333	19	)	)	PUNCT
cblr-2872	333	20	(	(	PUNCT
cblr-2872	333	21	trade	trade	NOUN
cblr-2872	333	22	execution	execution	NOUN
cblr-2872	333	23	requirement	requirement	NOUN
cblr-2872	333	24	)	)	PUNCT
cblr-2872	333	25	;	;	PUNCT
cblr-2872	333	26	securities	security	NOUN
cblr-2872	333	27	exchange	exchange	PROPN
cblr-2872	333	28	act	act	PROPN
cblr-2872	333	29	§	§	PROPN
cblr-2872	333	30	3c(a	3c(a	NUM
cblr-2872	333	31	)	)	PUNCT
cblr-2872	333	32	(	(	PUNCT
cblr-2872	333	33	clearing	clearing	NOUN
cblr-2872	333	34	requirement	requirement	NOUN
cblr-2872	333	35	)	)	PUNCT
cblr-2872	333	36	and	and	CCONJ
cblr-2872	333	37	securities	security	NOUN
cblr-2872	333	38	exchange	exchange	PROPN
cblr-2872	333	39	act	act	PROPN
cblr-2872	333	40	§	§	PROPN
cblr-2872	333	41	3c(h	3c(h	NUM
cblr-2872	333	42	)	)	PUNCT
cblr-2872	333	43	(	(	PUNCT
cblr-2872	333	44	trade	trade	NOUN
cblr-2872	333	45	execution	execution	NOUN
cblr-2872	333	46	requirement	requirement	NOUN
cblr-2872	333	47	)	)	PUNCT
cblr-2872	333	48	;	;	PUNCT
cblr-2872	333	49	clearing	clear	VERB
cblr-2872	333	50	requirement	requirement	NOUN
cblr-2872	333	51	determination	determination	NOUN
cblr-2872	333	52	under	under	ADP
cblr-2872	333	53	section	section	NOUN
cblr-2872	333	54	2(h	2(h	NUM
cblr-2872	333	55	)	)	PUNCT
cblr-2872	333	56	of	of	ADP
cblr-2872	333	57	the	the	DET
cblr-2872	333	58	cea	cea	PROPN
cblr-2872	333	59	,	,	PUNCT
cblr-2872	333	60	77	77	NUM
cblr-2872	333	61	fed	fed	PROPN
cblr-2872	333	62	.	.	PUNCT
cblr-2872	334	1	reg	reg	PROPN
cblr-2872	334	2	.	.	PUNCT
cblr-2872	335	1	74,284	74,284	NUM
cblr-2872	335	2	(	(	PUNCT
cblr-2872	335	3	dec	dec	PROPN
cblr-2872	335	4	.	.	PROPN
cblr-2872	335	5	13	13	NUM
cblr-2872	335	6	,	,	PUNCT
cblr-2872	335	7	2012	2012	NUM
cblr-2872	335	8	)	)	PUNCT
cblr-2872	335	9	(	(	PUNCT
cblr-2872	335	10	amending	amend	VERB
cblr-2872	335	11	17	17	NUM
cblr-2872	335	12	c.f.r	c.f.r	NOUN
cblr-2872	335	13	.	.	PUNCT
cblr-2872	336	1	pts	pts	PROPN
cblr-2872	336	2	.	.	PROPN
cblr-2872	336	3	39	39	NUM
cblr-2872	336	4	,	,	PUNCT
cblr-2872	336	5	50	50	NUM
cblr-2872	336	6	)	)	PUNCT
cblr-2872	336	7	;	;	PUNCT
cblr-2872	336	8	swap	swap	NOUN
cblr-2872	336	9	transaction	transaction	NOUN
cblr-2872	336	10	compliance	compliance	NOUN
cblr-2872	336	11	and	and	CCONJ
cblr-2872	336	12	implementation	implementation	NOUN
cblr-2872	336	13	schedule	schedule	NOUN
cblr-2872	336	14	:	:	PUNCT
cblr-2872	336	15	clearing	clearing	NOUN
cblr-2872	336	16	requirement	requirement	NOUN
cblr-2872	336	17	under	under	ADP
cblr-2872	336	18	section	section	NOUN
cblr-2872	336	19	2(h	2(h	NUM
cblr-2872	336	20	)	)	PUNCT
cblr-2872	336	21	of	of	ADP
cblr-2872	336	22	the	the	DET
cblr-2872	336	23	cea	cea	PROPN
cblr-2872	336	24	,	,	PUNCT
cblr-2872	336	25	77	77	NUM
cblr-2872	336	26	fed	fed	PROPN
cblr-2872	336	27	.	.	PUNCT
cblr-2872	337	1	reg	reg	PROPN
cblr-2872	337	2	.	.	PUNCT
cblr-2872	338	1	44,441	44,441	NUM
cblr-2872	338	2	(	(	PUNCT
cblr-2872	338	3	jul	jul	PROPN
cblr-2872	338	4	.	.	PROPN
cblr-2872	338	5	30	30	NUM
cblr-2872	338	6	,	,	PUNCT
cblr-2872	338	7	2012	2012	NUM
cblr-2872	338	8	)	)	PUNCT
cblr-2872	338	9	(	(	PUNCT
cblr-2872	338	10	amending	amend	VERB
cblr-2872	338	11	17	17	NUM
cblr-2872	338	12	c.f.r	c.f.r	NOUN
cblr-2872	338	13	.	.	PUNCT
cblr-2872	339	1	pt	pt	PROPN
cblr-2872	339	2	.	.	PROPN
cblr-2872	339	3	50	50	NUM
cblr-2872	339	4	)	)	PUNCT
cblr-2872	339	5	;	;	PUNCT
cblr-2872	339	6	end	end	NOUN
cblr-2872	339	7	-	-	PUNCT
cblr-2872	339	8	user	user	NOUN
cblr-2872	339	9	exception	exception	NOUN
cblr-2872	339	10	to	to	ADP
cblr-2872	339	11	the	the	DET
cblr-2872	339	12	clearing	clearing	NOUN
cblr-2872	339	13	requirement	requirement	NOUN
cblr-2872	339	14	for	for	ADP
cblr-2872	339	15	swaps	swap	NOUN
cblr-2872	339	16	,	,	PUNCT
cblr-2872	339	17	77	77	NUM
cblr-2872	339	18	fed	fed	PROPN
cblr-2872	339	19	.	.	PUNCT
cblr-2872	340	1	reg	reg	PROPN
cblr-2872	340	2	.	.	PUNCT
cblr-2872	341	1	42,560	42,560	NUM
cblr-2872	341	2	(	(	PUNCT
cblr-2872	341	3	jul	jul	PROPN
cblr-2872	341	4	.	.	PROPN
cblr-2872	341	5	19	19	NUM
cblr-2872	341	6	,	,	PUNCT
cblr-2872	341	7	2012	2012	NUM
cblr-2872	341	8	)	)	PUNCT
cblr-2872	341	9	(	(	PUNCT
cblr-2872	341	10	amending	amend	VERB
cblr-2872	341	11	17	17	NUM
cblr-2872	341	12	c.f.r	c.f.r	NOUN
cblr-2872	341	13	.	.	PUNCT
cblr-2872	342	1	pt	pt	PROPN
cblr-2872	342	2	.	.	PROPN
cblr-2872	342	3	39	39	NUM
cblr-2872	342	4	)	)	PUNCT
cblr-2872	342	5	;	;	PUNCT
cblr-2872	342	6	process	process	NOUN
cblr-2872	342	7	for	for	ADP
cblr-2872	342	8	submissions	submission	NOUN
cblr-2872	342	9	for	for	ADP
cblr-2872	342	10	review	review	NOUN
cblr-2872	342	11	of	of	ADP
cblr-2872	342	12	security	security	NOUN
cblr-2872	342	13	-	-	PUNCT
cblr-2872	342	14	based	base	VERB
cblr-2872	342	15	swaps	swap	NOUN
cblr-2872	342	16	for	for	ADP
cblr-2872	342	17	mandatory	mandatory	ADJ
cblr-2872	342	18	clearing	clearing	NOUN
cblr-2872	342	19	and	and	CCONJ
cblr-2872	342	20	notice	notice	VERB
cblr-2872	342	21	filing	filing	NOUN
cblr-2872	342	22	requirements	requirement	NOUN
cblr-2872	342	23	for	for	ADP
cblr-2872	342	24	clearing	clear	VERB
cblr-2872	342	25	agencies	agency	NOUN
cblr-2872	342	26	;	;	PUNCT
cblr-2872	342	27	technical	technical	ADJ
cblr-2872	342	28	amendments	amendment	NOUN
cblr-2872	342	29	to	to	PART
cblr-2872	342	30	rule	rule	VERB
cblr-2872	342	31	19b-4	19b-4	NOUN
cblr-2872	342	32	and	and	CCONJ
cblr-2872	342	33	form	form	VERB
cblr-2872	342	34	19b-4	19b-4	NOUN
cblr-2872	342	35	applicable	applicable	ADJ
cblr-2872	342	36	to	to	ADP
cblr-2872	342	37	all	all	DET
cblr-2872	342	38	self	self	NOUN
cblr-2872	342	39	-	-	PUNCT
cblr-2872	342	40	regulatory	regulatory	ADJ
cblr-2872	342	41	organizations	organization	NOUN
cblr-2872	342	42	,	,	PUNCT
cblr-2872	342	43	77	77	NUM
cblr-2872	342	44	fed	fed	PROPN
cblr-2872	342	45	.	.	PUNCT
cblr-2872	343	1	reg	reg	PROPN
cblr-2872	343	2	.	.	PUNCT
cblr-2872	344	1	41,602	41,602	NUM
cblr-2872	344	2	(	(	PUNCT
cblr-2872	344	3	jul	jul	PROPN
cblr-2872	344	4	.	.	PROPN
cblr-2872	344	5	13	13	NUM
cblr-2872	344	6	,	,	PUNCT
cblr-2872	344	7	2012	2012	NUM
cblr-2872	344	8	)	)	PUNCT
cblr-2872	344	9	(	(	PUNCT
cblr-2872	344	10	amending	amend	VERB
cblr-2872	344	11	17	17	NUM
cblr-2872	344	12	c.f.r	c.f.r	NOUN
cblr-2872	344	13	.	.	PUNCT
cblr-2872	345	1	pts	pts	PROPN
cblr-2872	345	2	.	.	PROPN
cblr-2872	345	3	240	240	NUM
cblr-2872	345	4	,	,	PUNCT
cblr-2872	345	5	249	249	NUM
cblr-2872	345	6	)	)	PUNCT
cblr-2872	345	7	;	;	PUNCT
cblr-2872	345	8	process	process	NOUN
cblr-2872	345	9	for	for	ADP
cblr-2872	345	10	review	review	NOUN
cblr-2872	345	11	of	of	ADP
cblr-2872	345	12	swaps	swap	NOUN
cblr-2872	345	13	for	for	ADP
cblr-2872	345	14	mandatory	mandatory	ADJ
cblr-2872	345	15	clearing	clearing	NOUN
cblr-2872	345	16	,	,	PUNCT
cblr-2872	345	17	76	76	NUM
cblr-2872	345	18	fed	fed	PROPN
cblr-2872	345	19	.	.	PUNCT
cblr-2872	346	1	reg	reg	PROPN
cblr-2872	346	2	.	.	PUNCT
cblr-2872	347	1	44,464	44,464	NUM
cblr-2872	347	2	(	(	PUNCT
cblr-2872	347	3	2011	2011	NUM
cblr-2872	347	4	)	)	PUNCT
cblr-2872	348	1	(	(	PUNCT
cblr-2872	348	2	amending	amend	VERB
cblr-2872	348	3	17	17	NUM
cblr-2872	348	4	c.f.r	c.f.r	NOUN
cblr-2872	348	5	.	.	PUNCT
cblr-2872	349	1	pts	pts	PROPN
cblr-2872	349	2	.	.	PROPN
cblr-2872	349	3	39	39	NUM
cblr-2872	349	4	,	,	PUNCT
cblr-2872	349	5	140	140	NUM
cblr-2872	349	6	)	)	PUNCT
cblr-2872	349	7	.	.	PUNCT
cblr-2872	350	1	38	38	NUM
cblr-2872	350	2	see	see	VERB
cblr-2872	350	3	process	process	NOUN
cblr-2872	350	4	for	for	ADP
cblr-2872	350	5	a	a	DET
cblr-2872	350	6	designated	designate	VERB
cblr-2872	350	7	contract	contract	NOUN
cblr-2872	350	8	market	market	NOUN
cblr-2872	350	9	or	or	CCONJ
cblr-2872	350	10	swap	swap	NOUN
cblr-2872	350	11	execution	execution	NOUN
cblr-2872	350	12	facility	facility	NOUN
cblr-2872	350	13	to	to	PART
cblr-2872	350	14	make	make	VERB
cblr-2872	350	15	a	a	DET
cblr-2872	350	16	swap	swap	NOUN
cblr-2872	350	17	available	available	ADJ
cblr-2872	350	18	to	to	PART
cblr-2872	350	19	trade	trade	VERB
cblr-2872	350	20	,	,	PUNCT
cblr-2872	350	21	76	76	NUM
cblr-2872	350	22	fed	fed	PROPN
cblr-2872	350	23	.	.	PUNCT
cblr-2872	351	1	reg	reg	PROPN
cblr-2872	351	2	.	.	PUNCT
cblr-2872	352	1	77,728	77,728	NUM
cblr-2872	352	2	(	(	PUNCT
cblr-2872	352	3	proposed	propose	VERB
cblr-2872	352	4	regulation	regulation	NOUN
cblr-2872	352	5	through	through	ADP
cblr-2872	352	6	substitution	substitution	NOUN
cblr-2872	352	7	*	*	PUNCT
cblr-2872	352	8	mandate	mandate	NOUN
cblr-2872	352	9	reporting	reporting	NOUN
cblr-2872	352	10	of	of	ADP
cblr-2872	352	11	swap	swap	NOUN
cblr-2872	352	12	transaction	transaction	NOUN
cblr-2872	352	13	information	information	NOUN
cblr-2872	352	14	to	to	AUX
cblr-2872	352	15	regulators39	regulators39	NOUN
cblr-2872	352	16	and	and	CCONJ
cblr-2872	352	17	disseminating	disseminate	VERB
cblr-2872	352	18	a	a	DET
cblr-2872	352	19	subset	subset	NOUN
cblr-2872	352	20	of	of	ADP
cblr-2872	352	21	that	that	DET
cblr-2872	352	22	information	information	NOUN
cblr-2872	352	23	to	to	ADP
cblr-2872	352	24	the	the	DET
cblr-2872	352	25	public	public	NOUN
cblr-2872	352	26	in	in	ADP
cblr-2872	352	27	real	real	ADJ
cblr-2872	352	28	time;4	time;4	NOUN
cblr-2872	352	29	0	0	PUNCT
cblr-2872	353	1	*	*	PUNCT
cblr-2872	353	2	require	require	VERB
cblr-2872	353	3	the	the	DET
cblr-2872	353	4	collection	collection	NOUN
cblr-2872	353	5	of	of	ADP
cblr-2872	353	6	collateral	collateral	NOUN
cblr-2872	353	7	(	(	PUNCT
cblr-2872	353	8	known	know	VERB
cblr-2872	353	9	as	as	ADP
cblr-2872	353	10	"	"	PUNCT
cblr-2872	353	11	margin	margin	NOUN
cblr-2872	353	12	"	"	PUNCT
cblr-2872	353	13	)	)	PUNCT
cblr-2872	353	14	to	to	PART
cblr-2872	353	15	protect	protect	VERB
cblr-2872	353	16	against	against	ADP
cblr-2872	353	17	counterparty	counterparty	NOUN
cblr-2872	353	18	risk	risk	NOUN
cblr-2872	353	19	,	,	PUNCT
cblr-2872	353	20	both	both	CCONJ
cblr-2872	353	21	in	in	ADP
cblr-2872	353	22	the	the	DET
cblr-2872	353	23	form	form	NOUN
cblr-2872	353	24	of	of	ADP
cblr-2872	353	25	an	an	DET
cblr-2872	353	26	up	up	ADJ
cblr-2872	353	27	-	-	PUNCT
cblr-2872	353	28	front	front	NOUN
cblr-2872	353	29	buffer	buffer	NOUN
cblr-2872	353	30	payment	payment	NOUN
cblr-2872	353	31	(	(	PUNCT
cblr-2872	353	32	known	know	VERB
cblr-2872	353	33	as	as	ADP
cblr-2872	353	34	"	"	PUNCT
cblr-2872	353	35	initial	initial	ADJ
cblr-2872	353	36	margin	margin	NOUN
cblr-2872	353	37	"	"	PUNCT
cblr-2872	353	38	)	)	PUNCT
cblr-2872	353	39	and	and	CCONJ
cblr-2872	353	40	an	an	DET
cblr-2872	353	41	ongoing	ongoing	ADJ
cblr-2872	353	42	exchange	exchange	NOUN
cblr-2872	353	43	of	of	ADP
cblr-2872	353	44	payments	payment	NOUN
cblr-2872	353	45	based	base	VERB
cblr-2872	353	46	on	on	ADP
cblr-2872	353	47	daily	daily	ADJ
cblr-2872	353	48	mark	mark	NOUN
cblr-2872	353	49	-	-	PUNCT
cblr-2872	353	50	tomarket	tomarket	NOUN
cblr-2872	353	51	moves	move	NOUN
cblr-2872	353	52	(	(	PUNCT
cblr-2872	353	53	known	know	VERB
cblr-2872	353	54	as	as	ADP
cblr-2872	353	55	"	"	PUNCT
cblr-2872	353	56	variation	variation	NOUN
cblr-2872	353	57	margin");4	margin");4	NOUN
cblr-2872	353	58	1	1	NUM
cblr-2872	353	59	*	*	PUNCT
cblr-2872	353	60	require	require	VERB
cblr-2872	353	61	registration	registration	NOUN
cblr-2872	353	62	of	of	ADP
cblr-2872	353	63	key	key	ADJ
cblr-2872	353	64	market	market	NOUN
cblr-2872	353	65	participants	participant	NOUN
cblr-2872	353	66	known	know	VERB
cblr-2872	353	67	as	as	ADP
cblr-2872	353	68	"	"	PUNCT
cblr-2872	353	69	swap	swap	NOUN
cblr-2872	353	70	dealers	dealer	NOUN
cblr-2872	353	71	"	"	PUNCT
cblr-2872	353	72	and	and	CCONJ
cblr-2872	353	73	"	"	PUNCT
cblr-2872	353	74	major	major	ADJ
cblr-2872	353	75	swap	swap	NOUN
cblr-2872	353	76	participants	participant	NOUN
cblr-2872	353	77	,	,	PUNCT
cblr-2872	353	78	"	"	PUNCT
cblr-2872	353	79	42	42	NUM
cblr-2872	353	80	and	and	CCONJ
cblr-2872	353	81	subject	subject	VERB
cblr-2872	353	82	these	these	DET
cblr-2872	353	83	parties	party	NOUN
cblr-2872	353	84	to	to	ADP
cblr-2872	353	85	capital	capital	NOUN
cblr-2872	353	86	and	and	CCONJ
cblr-2872	353	87	margin	margin	NOUN
cblr-2872	353	88	requirements	requirement	NOUN
cblr-2872	353	89	;	;	PUNCT
cblr-2872	353	90	4	4	NUM
cblr-2872	353	91	3	3	NUM
cblr-2872	353	92	dec	dec	PROPN
cblr-2872	353	93	.	.	PROPN
cblr-2872	353	94	14	14	NUM
cblr-2872	353	95	,	,	PUNCT
cblr-2872	353	96	2011	2011	NUM
cblr-2872	353	97	)	)	PUNCT
cblr-2872	353	98	(	(	PUNCT
cblr-2872	353	99	amending	amend	VERB
cblr-2872	353	100	17	17	NUM
cblr-2872	353	101	c.f.r	c.f.r	NOUN
cblr-2872	353	102	.	.	PUNCT
cblr-2872	354	1	pts	pts	PROPN
cblr-2872	354	2	.	.	PROPN
cblr-2872	354	3	37	37	NUM
cblr-2872	354	4	,	,	PUNCT
cblr-2872	354	5	38	38	NUM
cblr-2872	354	6	)	)	PUNCT
cblr-2872	354	7	;	;	PUNCT
cblr-2872	354	8	registration	registration	NOUN
cblr-2872	354	9	and	and	CCONJ
cblr-2872	354	10	regulation	regulation	NOUN
cblr-2872	354	11	of	of	ADP
cblr-2872	354	12	security	security	NOUN
cblr-2872	354	13	-	-	PUNCT
cblr-2872	354	14	based	base	VERB
cblr-2872	354	15	swap	swap	NOUN
cblr-2872	354	16	execution	execution	NOUN
cblr-2872	354	17	facilities	facility	NOUN
cblr-2872	354	18	,	,	PUNCT
cblr-2872	354	19	76	76	NUM
cblr-2872	354	20	fed	fed	PROPN
cblr-2872	354	21	.	.	PUNCT
cblr-2872	355	1	reg	reg	PROPN
cblr-2872	355	2	.	.	PUNCT
cblr-2872	356	1	10,948	10,948	NUM
cblr-2872	356	2	(	(	PUNCT
cblr-2872	356	3	proposed	propose	VERB
cblr-2872	356	4	feb	feb	PROPN
cblr-2872	356	5	.	.	PROPN
cblr-2872	356	6	28	28	NUM
cblr-2872	356	7	,	,	PUNCT
cblr-2872	356	8	2011	2011	NUM
cblr-2872	356	9	)	)	PUNCT
cblr-2872	356	10	(	(	PUNCT
cblr-2872	356	11	amending	amend	VERB
cblr-2872	356	12	17	17	NUM
cblr-2872	356	13	c.f.r	c.f.r	NOUN
cblr-2872	356	14	.	.	PUNCT
cblr-2872	357	1	pts	pts	PROPN
cblr-2872	357	2	.	.	PROPN
cblr-2872	357	3	240	240	NUM
cblr-2872	357	4	,	,	PUNCT
cblr-2872	357	5	242	242	NUM
cblr-2872	357	6	,	,	PUNCT
cblr-2872	357	7	249	249	NUM
cblr-2872	357	8	)	)	PUNCT
cblr-2872	357	9	;	;	PUNCT
cblr-2872	357	10	core	core	NOUN
cblr-2872	357	11	principles	principle	NOUN
cblr-2872	357	12	and	and	CCONJ
cblr-2872	357	13	other	other	ADJ
cblr-2872	357	14	requirements	requirement	NOUN
cblr-2872	357	15	for	for	ADP
cblr-2872	357	16	swap	swap	NOUN
cblr-2872	357	17	execution	execution	NOUN
cblr-2872	357	18	facilities	facility	NOUN
cblr-2872	357	19	,	,	PUNCT
cblr-2872	357	20	76	76	NUM
cblr-2872	357	21	fed	fed	PROPN
cblr-2872	357	22	.	.	PUNCT
cblr-2872	358	1	reg	reg	PROPN
cblr-2872	358	2	.	.	PUNCT
cblr-2872	358	3	1214	1214	NUM
cblr-2872	358	4	(	(	PUNCT
cblr-2872	358	5	proposed	propose	VERB
cblr-2872	358	6	jan	jan	PROPN
cblr-2872	358	7	.	.	PROPN
cblr-2872	358	8	7	7	NUM
cblr-2872	358	9	,	,	PUNCT
cblr-2872	358	10	2011	2011	NUM
cblr-2872	358	11	)	)	PUNCT
cblr-2872	359	1	(	(	PUNCT
cblr-2872	359	2	amending	amend	VERB
cblr-2872	359	3	17	17	NUM
cblr-2872	359	4	c.f.r	c.f.r	NOUN
cblr-2872	359	5	.	.	PUNCT
cblr-2872	360	1	pt	pt	PROPN
cblr-2872	360	2	.	.	PROPN
cblr-2872	360	3	37	37	NUM
cblr-2872	360	4	)	)	PUNCT
cblr-2872	360	5	.	.	PUNCT
cblr-2872	361	1	39	39	NUM
cblr-2872	361	2	see	see	VERB
cblr-2872	361	3	swap	swap	NOUN
cblr-2872	361	4	data	datum	NOUN
cblr-2872	361	5	recordkeeping	recordkeeping	NOUN
cblr-2872	361	6	and	and	CCONJ
cblr-2872	361	7	reporting	reporting	NOUN
cblr-2872	361	8	requirements	requirement	NOUN
cblr-2872	361	9	:	:	PUNCT
cblr-2872	361	10	preenactment	preenactment	NOUN
cblr-2872	361	11	and	and	CCONJ
cblr-2872	361	12	transition	transition	NOUN
cblr-2872	361	13	swaps	swap	NOUN
cblr-2872	361	14	,	,	PUNCT
cblr-2872	361	15	77	77	NUM
cblr-2872	361	16	fed	fed	PROPN
cblr-2872	361	17	.	.	PUNCT
cblr-2872	362	1	reg	reg	PROPN
cblr-2872	362	2	.	.	PUNCT
cblr-2872	363	1	35,200	35,200	NUM
cblr-2872	363	2	(	(	PUNCT
cblr-2872	363	3	june	june	PROPN
cblr-2872	363	4	12	12	NUM
cblr-2872	363	5	,	,	PUNCT
cblr-2872	363	6	2012	2012	NUM
cblr-2872	363	7	)	)	PUNCT
cblr-2872	363	8	(	(	PUNCT
cblr-2872	363	9	amending	amend	VERB
cblr-2872	363	10	17	17	NUM
cblr-2872	363	11	c.f.r	c.f.r	NOUN
cblr-2872	363	12	.	.	PUNCT
cblr-2872	364	1	pt	pt	PROPN
cblr-2872	364	2	.	.	PROPN
cblr-2872	364	3	46	46	NUM
cblr-2872	364	4	)	)	PUNCT
cblr-2872	364	5	;	;	PUNCT
cblr-2872	364	6	swap	swap	NOUN
cblr-2872	364	7	data	datum	NOUN
cblr-2872	364	8	recordkeeping	recordkeeping	NOUN
cblr-2872	364	9	and	and	CCONJ
cblr-2872	364	10	reporting	reporting	NOUN
cblr-2872	364	11	requirements	requirement	NOUN
cblr-2872	364	12	,	,	PUNCT
cblr-2872	364	13	77	77	NUM
cblr-2872	364	14	fed	fed	PROPN
cblr-2872	364	15	.	.	PUNCT
cblr-2872	365	1	reg	reg	PROPN
cblr-2872	365	2	.	.	PUNCT
cblr-2872	365	3	2136	2136	NUM
cblr-2872	365	4	(	(	PUNCT
cblr-2872	365	5	jan	jan	PROPN
cblr-2872	365	6	.	.	PROPN
cblr-2872	365	7	13	13	NUM
cblr-2872	365	8	,	,	PUNCT
cblr-2872	365	9	2012	2012	NUM
cblr-2872	365	10	)	)	PUNCT
cblr-2872	366	1	(	(	PUNCT
cblr-2872	366	2	amending	amend	VERB
cblr-2872	366	3	17	17	NUM
cblr-2872	366	4	c.f.r	c.f.r	NOUN
cblr-2872	366	5	.	.	PUNCT
cblr-2872	367	1	pt	pt	PROPN
cblr-2872	367	2	.	.	PROPN
cblr-2872	367	3	45	45	NUM
cblr-2872	367	4	)	)	PUNCT
cblr-2872	367	5	;	;	PUNCT
cblr-2872	367	6	swap	swap	NOUN
cblr-2872	367	7	data	datum	NOUN
cblr-2872	367	8	repositories	repository	NOUN
cblr-2872	367	9	:	:	PUNCT
cblr-2872	367	10	registration	registration	NOUN
cblr-2872	367	11	standards	standard	NOUN
cblr-2872	367	12	,	,	PUNCT
cblr-2872	367	13	duties	duty	NOUN
cblr-2872	367	14	and	and	CCONJ
cblr-2872	367	15	core	core	NOUN
cblr-2872	367	16	principles	principle	NOUN
cblr-2872	367	17	,	,	PUNCT
cblr-2872	367	18	76	76	NUM
cblr-2872	367	19	fed	fed	PROPN
cblr-2872	367	20	.	.	PUNCT
cblr-2872	368	1	reg	reg	PROPN
cblr-2872	368	2	.	.	PROPN
cblr-2872	369	1	54,538	54,538	NUM
cblr-2872	369	2	(	(	PUNCT
cblr-2872	369	3	sept	sept	PROPN
cblr-2872	369	4	.	.	PROPN
cblr-2872	369	5	1	1	NUM
cblr-2872	369	6	,	,	PUNCT
cblr-2872	369	7	2011	2011	NUM
cblr-2872	369	8	)	)	PUNCT
cblr-2872	369	9	(	(	PUNCT
cblr-2872	369	10	amending	amend	VERB
cblr-2872	369	11	17	17	NUM
cblr-2872	369	12	c.f.r	c.f.r	NOUN
cblr-2872	369	13	.	.	PUNCT
cblr-2872	370	1	pt	pt	PROPN
cblr-2872	370	2	.	.	PROPN
cblr-2872	370	3	49	49	NUM
cblr-2872	370	4	)	)	PUNCT
cblr-2872	370	5	.	.	PUNCT
cblr-2872	371	1	40	40	NUM
cblr-2872	371	2	see	see	VERB
cblr-2872	371	3	real	real	ADJ
cblr-2872	371	4	-	-	PUNCT
cblr-2872	371	5	time	time	NOUN
cblr-2872	371	6	public	public	ADJ
cblr-2872	371	7	reporting	reporting	NOUN
cblr-2872	371	8	of	of	ADP
cblr-2872	371	9	swap	swap	NOUN
cblr-2872	371	10	transaction	transaction	NOUN
cblr-2872	371	11	data	datum	NOUN
cblr-2872	371	12	,	,	PUNCT
cblr-2872	371	13	77	77	NUM
cblr-2872	371	14	fed	fed	PROPN
cblr-2872	371	15	.	.	PUNCT
cblr-2872	372	1	reg	reg	NOUN
cblr-2872	372	2	.	.	PUNCT
cblr-2872	373	1	1182	1182	NUM
cblr-2872	373	2	(	(	PUNCT
cblr-2872	373	3	jan	jan	PROPN
cblr-2872	373	4	.	.	PROPN
cblr-2872	373	5	9	9	NUM
cblr-2872	373	6	,	,	PUNCT
cblr-2872	373	7	2012	2012	NUM
cblr-2872	373	8	)	)	PUNCT
cblr-2872	373	9	(	(	PUNCT
cblr-2872	373	10	amending	amend	VERB
cblr-2872	373	11	17	17	NUM
cblr-2872	373	12	c.f.r	c.f.r	NOUN
cblr-2872	373	13	.	.	PUNCT
cblr-2872	374	1	pt	pt	PROPN
cblr-2872	374	2	.	.	PROPN
cblr-2872	374	3	43	43	NUM
cblr-2872	374	4	)	)	PUNCT
cblr-2872	374	5	.	.	PUNCT
cblr-2872	375	1	41	41	NUM
cblr-2872	375	2	see	see	VERB
cblr-2872	375	3	capital	capital	NOUN
cblr-2872	375	4	,	,	PUNCT
cblr-2872	375	5	margin	margin	NOUN
cblr-2872	375	6	,	,	PUNCT
cblr-2872	375	7	and	and	CCONJ
cblr-2872	375	8	segregation	segregation	NOUN
cblr-2872	375	9	requirements	requirement	NOUN
cblr-2872	375	10	for	for	ADP
cblr-2872	375	11	securitybased	securitybase	VERB
cblr-2872	375	12	swap	swap	NOUN
cblr-2872	375	13	dealers	dealer	NOUN
cblr-2872	375	14	and	and	CCONJ
cblr-2872	375	15	major	major	ADJ
cblr-2872	375	16	security	security	NOUN
cblr-2872	375	17	-	-	PUNCT
cblr-2872	375	18	based	base	VERB
cblr-2872	375	19	swap	swap	NOUN
cblr-2872	375	20	participants	participant	NOUN
cblr-2872	375	21	and	and	CCONJ
cblr-2872	375	22	capital	capital	NOUN
cblr-2872	375	23	requirements	requirement	NOUN
cblr-2872	375	24	for	for	ADP
cblr-2872	375	25	broker	broker	NOUN
cblr-2872	375	26	-	-	PUNCT
cblr-2872	375	27	dealers	dealer	NOUN
cblr-2872	375	28	(	(	PUNCT
cblr-2872	375	29	nov	nov	PROPN
cblr-2872	375	30	.	.	PROPN
cblr-2872	375	31	23	23	NUM
cblr-2872	375	32	,	,	PUNCT
cblr-2872	375	33	2012	2012	NUM
cblr-2872	375	34	)	)	PUNCT
cblr-2872	375	35	(	(	PUNCT
cblr-2872	375	36	amending	amend	VERB
cblr-2872	375	37	17	17	NUM
cblr-2872	375	38	c.f.r	c.f.r	NOUN
cblr-2872	375	39	.	.	PUNCT
cblr-2872	376	1	pt	pt	PROPN
cblr-2872	376	2	.	.	PROPN
cblr-2872	376	3	240	240	NUM
cblr-2872	376	4	)	)	PUNCT
cblr-2872	376	5	;	;	PUNCT
cblr-2872	376	6	margin	margin	NOUN
cblr-2872	376	7	and	and	CCONJ
cblr-2872	376	8	capital	capital	NOUN
cblr-2872	376	9	requirements	requirement	NOUN
cblr-2872	376	10	for	for	ADP
cblr-2872	376	11	covered	cover	VERB
cblr-2872	376	12	swap	swap	NOUN
cblr-2872	376	13	entities	entity	NOUN
cblr-2872	376	14	,	,	PUNCT
cblr-2872	376	15	76	76	NUM
cblr-2872	376	16	fed	fed	PROPN
cblr-2872	376	17	.	.	PUNCT
cblr-2872	377	1	reg	reg	PROPN
cblr-2872	377	2	.	.	PUNCT
cblr-2872	378	1	27,564	27,564	NUM
cblr-2872	378	2	(	(	PUNCT
cblr-2872	378	3	proposed	propose	VERB
cblr-2872	378	4	may	may	PROPN
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cblr-2872	378	6	,	,	PUNCT
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cblr-2872	378	8	)	)	PUNCT
cblr-2872	378	9	(	(	PUNCT
cblr-2872	378	10	amending	amend	VERB
cblr-2872	378	11	12	12	NUM
cblr-2872	378	12	c.f.r	c.f.r	NOUN
cblr-2872	378	13	.	.	PUNCT
cblr-2872	379	1	pts	pts	PROPN
cblr-2872	379	2	.	.	PROPN
cblr-2872	379	3	45	45	NUM
cblr-2872	379	4	,	,	PUNCT
cblr-2872	379	5	237	237	NUM
cblr-2872	379	6	,	,	PUNCT
cblr-2872	379	7	324	324	NUM
cblr-2872	379	8	,	,	PUNCT
cblr-2872	379	9	624	624	NUM
cblr-2872	379	10	,	,	PUNCT
cblr-2872	379	11	1221	1221	NUM
cblr-2872	379	12	)	)	PUNCT
cblr-2872	379	13	;	;	PUNCT
cblr-2872	379	14	margin	margin	NOUN
cblr-2872	379	15	requirements	requirement	NOUN
cblr-2872	379	16	for	for	ADP
cblr-2872	379	17	uncleared	uncleared	ADJ
cblr-2872	379	18	swaps	swap	NOUN
cblr-2872	379	19	for	for	ADP
cblr-2872	379	20	swap	swap	NOUN
cblr-2872	379	21	dealers	dealer	NOUN
cblr-2872	379	22	and	and	CCONJ
cblr-2872	379	23	major	major	ADJ
cblr-2872	379	24	swap	swap	NOUN
cblr-2872	379	25	participants	participant	NOUN
cblr-2872	379	26	,	,	PUNCT
cblr-2872	379	27	76	76	NUM
cblr-2872	379	28	fed	fed	PROPN
cblr-2872	379	29	.	.	PUNCT
cblr-2872	380	1	reg	reg	PROPN
cblr-2872	380	2	.	.	PUNCT
cblr-2872	381	1	23,732	23,732	NUM
cblr-2872	381	2	(	(	PUNCT
cblr-2872	381	3	proposed	propose	VERB
cblr-2872	381	4	apr	apr	PROPN
cblr-2872	381	5	.	.	PROPN
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cblr-2872	381	7	,	,	PUNCT
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cblr-2872	381	9	)	)	PUNCT
cblr-2872	381	10	(	(	PUNCT
cblr-2872	381	11	amending	amend	VERB
cblr-2872	381	12	17	17	NUM
cblr-2872	381	13	c.f.r	c.f.r	NOUN
cblr-2872	381	14	.	.	PUNCT
cblr-2872	382	1	pt	pt	PROPN
cblr-2872	382	2	.	.	PROPN
cblr-2872	382	3	23	23	NUM
cblr-2872	382	4	)	)	PUNCT
cblr-2872	382	5	.	.	PUNCT
cblr-2872	383	1	42	42	NUM
cblr-2872	383	2	see	see	VERB
cblr-2872	383	3	further	further	ADJ
cblr-2872	383	4	definition	definition	NOUN
cblr-2872	383	5	of	of	ADP
cblr-2872	383	6	"	"	PUNCT
cblr-2872	383	7	swap	swap	NOUN
cblr-2872	383	8	dealer	dealer	NOUN
cblr-2872	383	9	,	,	PUNCT
cblr-2872	383	10	"	"	PUNCT
cblr-2872	383	11	security	security	NOUN
cblr-2872	383	12	-	-	PUNCT
cblr-2872	383	13	based	base	VERB
cblr-2872	383	14	swap	swap	NOUN
cblr-2872	383	15	dealer	dealer	NOUN
cblr-2872	383	16	,	,	PUNCT
cblr-2872	383	17	"	"	PUNCT
cblr-2872	383	18	"	"	PUNCT
cblr-2872	383	19	major	major	ADJ
cblr-2872	383	20	swap	swap	NOUN
cblr-2872	383	21	participants	participant	NOUN
cblr-2872	383	22	,	,	PUNCT
cblr-2872	383	23	"	"	PUNCT
cblr-2872	383	24	"	"	PUNCT
cblr-2872	383	25	major	major	ADJ
cblr-2872	383	26	security	security	NOUN
cblr-2872	383	27	-	-	PUNCT
cblr-2872	383	28	based	base	VERB
cblr-2872	383	29	swap	swap	NOUN
cblr-2872	383	30	participant	participant	NOUN
cblr-2872	383	31	"	"	PUNCT
cblr-2872	383	32	and	and	CCONJ
cblr-2872	383	33	"	"	PUNCT
cblr-2872	383	34	eligible	eligible	ADJ
cblr-2872	383	35	contract	contract	NOUN
cblr-2872	383	36	participant	participant	NOUN
cblr-2872	383	37	,	,	PUNCT
cblr-2872	383	38	"	"	PUNCT
cblr-2872	383	39	77	77	NUM
cblr-2872	383	40	fed	fed	PROPN
cblr-2872	383	41	.	.	PUNCT
cblr-2872	384	1	reg	reg	PROPN
cblr-2872	384	2	.	.	PROPN
cblr-2872	385	1	30,596	30,596	NUM
cblr-2872	385	2	(	(	PUNCT
cblr-2872	385	3	may	may	PROPN
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cblr-2872	385	5	,	,	PUNCT
cblr-2872	385	6	2012	2012	NUM
cblr-2872	385	7	)	)	PUNCT
cblr-2872	386	1	(	(	PUNCT
cblr-2872	386	2	amending	amend	VERB
cblr-2872	386	3	17	17	NUM
cblr-2872	386	4	c.f.r	c.f.r	NOUN
cblr-2872	386	5	.	.	PUNCT
cblr-2872	387	1	pts	pts	PROPN
cblr-2872	387	2	.	.	PROPN
cblr-2872	387	3	1	1	NUM
cblr-2872	387	4	,	,	PUNCT
cblr-2872	387	5	240	240	NUM
cblr-2872	387	6	)	)	PUNCT
cblr-2872	387	7	;	;	PUNCT
cblr-2872	387	8	registration	registration	NOUN
cblr-2872	387	9	of	of	ADP
cblr-2872	387	10	swap	swap	NOUN
cblr-2872	387	11	dealers	dealer	NOUN
cblr-2872	387	12	and	and	CCONJ
cblr-2872	387	13	major	major	ADJ
cblr-2872	387	14	swap	swap	NOUN
cblr-2872	387	15	participants	participant	NOUN
cblr-2872	387	16	,	,	PUNCT
cblr-2872	387	17	77	77	NUM
cblr-2872	387	18	fed	fed	PROPN
cblr-2872	387	19	.	.	PUNCT
cblr-2872	388	1	reg	reg	PROPN
cblr-2872	388	2	.	.	PUNCT
cblr-2872	389	1	2613	2613	NUM
cblr-2872	389	2	(	(	PUNCT
cblr-2872	389	3	jan	jan	PROPN
cblr-2872	389	4	.	.	PROPN
cblr-2872	389	5	19	19	NUM
cblr-2872	389	6	,	,	PUNCT
cblr-2872	389	7	2012	2012	NUM
cblr-2872	389	8	)	)	PUNCT
cblr-2872	390	1	no	no	INTJ
cblr-2872	390	2	.	.	PUNCT
cblr-2872	391	1	3:667	3:667	NUM
cblr-2872	391	2	]	]	PUNCT
cblr-2872	391	3	691	691	NUM
cblr-2872	391	4	columbia	columbia	PROPN
cblr-2872	391	5	business	business	NOUN
cblr-2872	391	6	law	law	NOUN
cblr-2872	391	7	review	review	NOUN
cblr-2872	391	8	*	*	PUNCT
cblr-2872	391	9	impose	impose	VERB
cblr-2872	391	10	"	"	PUNCT
cblr-2872	391	11	internal	internal	ADJ
cblr-2872	391	12	business	business	NOUN
cblr-2872	391	13	conduct	conduct	NOUN
cblr-2872	391	14	requirements	requirement	NOUN
cblr-2872	391	15	"	"	PUNCT
cblr-2872	391	16	that	that	PRON
cblr-2872	391	17	require	require	VERB
cblr-2872	391	18	swap	swap	NOUN
cblr-2872	391	19	dealers	dealer	NOUN
cblr-2872	391	20	and	and	CCONJ
cblr-2872	391	21	major	major	ADJ
cblr-2872	391	22	swap	swap	NOUN
cblr-2872	391	23	participants	participant	NOUN
cblr-2872	391	24	to	to	PART
cblr-2872	391	25	develop	develop	VERB
cblr-2872	391	26	risk	risk	NOUN
cblr-2872	391	27	management	management	NOUN
cblr-2872	391	28	programs	program	NOUN
cblr-2872	391	29	around	around	ADP
cblr-2872	391	30	swaps	swap	NOUN
cblr-2872	391	31	and	and	CCONJ
cblr-2872	391	32	hire	hire	VERB
cblr-2872	391	33	chief	chief	ADJ
cblr-2872	391	34	compliance	compliance	NOUN
cblr-2872	391	35	officers	officer	NOUN
cblr-2872	391	36	;	;	PUNCT
cblr-2872	391	37	44	44	NUM
cblr-2872	391	38	and	and	CCONJ
cblr-2872	391	39	*	*	PUNCT
cblr-2872	391	40	subject	subject	ADJ
cblr-2872	391	41	swap	swap	NOUN
cblr-2872	391	42	dealers	dealer	NOUN
cblr-2872	391	43	and	and	CCONJ
cblr-2872	391	44	major	major	ADJ
cblr-2872	391	45	swap	swap	NOUN
cblr-2872	391	46	participants	participant	NOUN
cblr-2872	391	47	to	to	ADP
cblr-2872	391	48	"	"	PUNCT
cblr-2872	391	49	external	external	ADJ
cblr-2872	391	50	business	business	NOUN
cblr-2872	391	51	conduct	conduct	NOUN
cblr-2872	391	52	requirements	requirement	NOUN
cblr-2872	391	53	"	"	PUNCT
cblr-2872	391	54	with	with	ADP
cblr-2872	391	55	respect	respect	NOUN
cblr-2872	391	56	to	to	ADP
cblr-2872	391	57	their	their	PRON
cblr-2872	391	58	counterparties	counterpartie	NOUN
cblr-2872	391	59	,	,	PUNCT
cblr-2872	391	60	including	include	VERB
cblr-2872	391	61	significant	significant	ADJ
cblr-2872	391	62	disclosure	disclosure	NOUN
cblr-2872	391	63	requirements	requirement	NOUN
cblr-2872	391	64	and	and	CCONJ
cblr-2872	391	65	requirements	requirement	NOUN
cblr-2872	391	66	to	to	PART
cblr-2872	391	67	verify	verify	VERB
cblr-2872	391	68	counterparty	counterparty	PROPN
cblr-2872	391	69	eligibility.45	eligibility.45	PROPN
cblr-2872	391	70	title	title	NOUN
cblr-2872	391	71	vii	vii	PROPN
cblr-2872	391	72	of	of	ADP
cblr-2872	391	73	the	the	DET
cblr-2872	391	74	dodd	dodd	PROPN
cblr-2872	391	75	-	-	PUNCT
cblr-2872	391	76	frank	frank	PROPN
cblr-2872	391	77	act	act	PROPN
cblr-2872	391	78	established	establish	VERB
cblr-2872	391	79	the	the	DET
cblr-2872	391	80	general	general	ADJ
cblr-2872	391	81	framework	framework	NOUN
cblr-2872	391	82	for	for	ADP
cblr-2872	391	83	these	these	DET
cblr-2872	391	84	requirements	requirement	NOUN
cblr-2872	391	85	.	.	PUNCT
cblr-2872	392	1	in	in	ADP
cblr-2872	392	2	large	large	ADJ
cblr-2872	392	3	part	part	NOUN
cblr-2872	392	4	,	,	PUNCT
cblr-2872	392	5	title	title	NOUN
cblr-2872	392	6	vii	vii	PROPN
cblr-2872	392	7	maintains	maintain	VERB
cblr-2872	392	8	the	the	DET
cblr-2872	392	9	historical	historical	ADJ
cblr-2872	392	10	jurisdictional	jurisdictional	ADJ
cblr-2872	392	11	divide	divide	NOUN
cblr-2872	392	12	between	between	ADP
cblr-2872	392	13	the	the	DET
cblr-2872	392	14	cftc	cftc	PROPN
cblr-2872	392	15	and	and	CCONJ
cblr-2872	392	16	the	the	DET
cblr-2872	392	17	sec	sec	PROPN
cblr-2872	392	18	by	by	ADP
cblr-2872	392	19	providing	provide	VERB
cblr-2872	392	20	the	the	DET
cblr-2872	392	21	cftc	cftc	PROPN
cblr-2872	392	22	with	with	ADP
cblr-2872	392	23	jurisdiction	jurisdiction	NOUN
cblr-2872	392	24	over	over	ADP
cblr-2872	392	25	transactions	transaction	NOUN
cblr-2872	392	26	that	that	PRON
cblr-2872	392	27	are	be	AUX
cblr-2872	392	28	"	"	PUNCT
cblr-2872	392	29	swaps	swap	NOUN
cblr-2872	392	30	"	"	PUNCT
cblr-2872	392	31	and	and	CCONJ
cblr-2872	392	32	the	the	DET
cblr-2872	392	33	sec	sec	PROPN
cblr-2872	392	34	with	with	ADP
cblr-2872	392	35	(	(	PUNCT
cblr-2872	392	36	amending	amend	VERB
cblr-2872	392	37	17	17	NUM
cblr-2872	392	38	c.f.r	c.f.r	NOUN
cblr-2872	392	39	.	.	PUNCT
cblr-2872	393	1	pts	pts	PROPN
cblr-2872	393	2	.	.	PROPN
cblr-2872	393	3	1	1	NUM
cblr-2872	393	4	,	,	PUNCT
cblr-2872	393	5	3	3	NUM
cblr-2872	393	6	,	,	PUNCT
cblr-2872	393	7	23	23	NUM
cblr-2872	393	8	,	,	PUNCT
cblr-2872	393	9	170	170	NUM
cblr-2872	393	10	)	)	PUNCT
cblr-2872	393	11	;	;	PUNCT
cblr-2872	393	12	registration	registration	NOUN
cblr-2872	393	13	of	of	ADP
cblr-2872	393	14	security	security	NOUN
cblr-2872	393	15	-	-	PUNCT
cblr-2872	393	16	based	base	VERB
cblr-2872	393	17	swap	swap	NOUN
cblr-2872	393	18	dealers	dealer	NOUN
cblr-2872	393	19	and	and	CCONJ
cblr-2872	393	20	major	major	ADJ
cblr-2872	393	21	security	security	NOUN
cblr-2872	393	22	-	-	PUNCT
cblr-2872	393	23	based	base	VERB
cblr-2872	393	24	swap	swap	NOUN
cblr-2872	393	25	participants	participant	NOUN
cblr-2872	393	26	,	,	PUNCT
cblr-2872	393	27	76	76	NUM
cblr-2872	393	28	fed	fed	PROPN
cblr-2872	393	29	.	.	PUNCT
cblr-2872	394	1	reg	reg	PROPN
cblr-2872	394	2	.	.	PUNCT
cblr-2872	395	1	65,784	65,784	NUM
cblr-2872	395	2	(	(	PUNCT
cblr-2872	395	3	proposed	propose	VERB
cblr-2872	395	4	oct	oct	PROPN
cblr-2872	395	5	.	.	PROPN
cblr-2872	395	6	24	24	NUM
cblr-2872	395	7	,	,	PUNCT
cblr-2872	395	8	2011	2011	NUM
cblr-2872	395	9	)	)	PUNCT
cblr-2872	395	10	.	.	PUNCT
cblr-2872	396	1	43	43	NUM
cblr-2872	396	2	see	see	VERB
cblr-2872	396	3	capital	capital	NOUN
cblr-2872	396	4	,	,	PUNCT
cblr-2872	396	5	margin	margin	NOUN
cblr-2872	396	6	,	,	PUNCT
cblr-2872	396	7	and	and	CCONJ
cblr-2872	396	8	segregation	segregation	NOUN
cblr-2872	396	9	requirements	requirement	NOUN
cblr-2872	396	10	for	for	ADP
cblr-2872	396	11	securitybased	securitybase	VERB
cblr-2872	396	12	swap	swap	NOUN
cblr-2872	396	13	dealers	dealer	NOUN
cblr-2872	396	14	and	and	CCONJ
cblr-2872	396	15	major	major	ADJ
cblr-2872	396	16	security	security	NOUN
cblr-2872	396	17	-	-	PUNCT
cblr-2872	396	18	based	base	VERB
cblr-2872	396	19	swap	swap	NOUN
cblr-2872	396	20	participants	participant	NOUN
cblr-2872	396	21	and	and	CCONJ
cblr-2872	396	22	capital	capital	NOUN
cblr-2872	396	23	requirements	requirement	NOUN
cblr-2872	396	24	for	for	ADP
cblr-2872	396	25	broker	broker	NOUN
cblr-2872	396	26	-	-	PUNCT
cblr-2872	396	27	dealers	dealer	NOUN
cblr-2872	396	28	,	,	PUNCT
cblr-2872	396	29	77	77	NUM
cblr-2872	396	30	fed	fed	PROPN
cblr-2872	396	31	.	.	PUNCT
cblr-2872	397	1	reg	reg	PROPN
cblr-2872	397	2	.	.	PUNCT
cblr-2872	398	1	70,214	70,214	NUM
cblr-2872	398	2	(	(	PUNCT
cblr-2872	398	3	proposed	propose	VERB
cblr-2872	398	4	nov	nov	PROPN
cblr-2872	398	5	.	.	PROPN
cblr-2872	398	6	23	23	NUM
cblr-2872	398	7	,	,	PUNCT
cblr-2872	398	8	2012	2012	NUM
cblr-2872	398	9	)	)	PUNCT
cblr-2872	398	10	(	(	PUNCT
cblr-2872	398	11	amending	amend	VERB
cblr-2872	398	12	17	17	NUM
cblr-2872	398	13	c.f.r	c.f.r	NOUN
cblr-2872	398	14	.	.	PUNCT
cblr-2872	399	1	pt	pt	PROPN
cblr-2872	399	2	.	.	PROPN
cblr-2872	399	3	240	240	NUM
cblr-2872	399	4	)	)	PUNCT
cblr-2872	399	5	;	;	PUNCT
cblr-2872	399	6	capital	capital	NOUN
cblr-2872	399	7	requirements	requirement	NOUN
cblr-2872	399	8	of	of	ADP
cblr-2872	399	9	swap	swap	NOUN
cblr-2872	399	10	dealers	dealer	NOUN
cblr-2872	399	11	and	and	CCONJ
cblr-2872	399	12	major	major	ADJ
cblr-2872	399	13	swap	swap	NOUN
cblr-2872	399	14	participants	participant	NOUN
cblr-2872	399	15	,	,	PUNCT
cblr-2872	399	16	76	76	NUM
cblr-2872	399	17	fed	fed	PROPN
cblr-2872	399	18	.	.	PUNCT
cblr-2872	400	1	reg	reg	PROPN
cblr-2872	400	2	.	.	PROPN
cblr-2872	401	1	27,802	27,802	NUM
cblr-2872	401	2	(	(	PUNCT
cblr-2872	401	3	proposed	propose	VERB
cblr-2872	401	4	may	may	PROPN
cblr-2872	401	5	12	12	NUM
cblr-2872	401	6	,	,	PUNCT
cblr-2872	401	7	2011	2011	NUM
cblr-2872	401	8	)	)	PUNCT
cblr-2872	401	9	(	(	PUNCT
cblr-2872	401	10	amending	amend	VERB
cblr-2872	401	11	17	17	NUM
cblr-2872	401	12	c.f.r	c.f.r	NOUN
cblr-2872	401	13	.	.	PUNCT
cblr-2872	402	1	pts	pts	PROPN
cblr-2872	402	2	.	.	PROPN
cblr-2872	402	3	1	1	NUM
cblr-2872	402	4	,	,	PUNCT
cblr-2872	402	5	23	23	NUM
cblr-2872	402	6	,	,	PUNCT
cblr-2872	402	7	140	140	NUM
cblr-2872	402	8	)	)	PUNCT
cblr-2872	402	9	;	;	PUNCT
cblr-2872	402	10	margin	margin	NOUN
cblr-2872	402	11	and	and	CCONJ
cblr-2872	402	12	capital	capital	NOUN
cblr-2872	402	13	requirements	requirement	NOUN
cblr-2872	402	14	for	for	ADP
cblr-2872	402	15	covered	cover	VERB
cblr-2872	402	16	swap	swap	NOUN
cblr-2872	402	17	entities	entity	NOUN
cblr-2872	402	18	,	,	PUNCT
cblr-2872	402	19	76	76	NUM
cblr-2872	402	20	fed	fed	PROPN
cblr-2872	402	21	.	.	PUNCT
cblr-2872	403	1	reg	reg	PROPN
cblr-2872	403	2	.	.	PUNCT
cblr-2872	404	1	27,564	27,564	NUM
cblr-2872	404	2	(	(	PUNCT
cblr-2872	404	3	proposed	propose	VERB
cblr-2872	404	4	may	may	PROPN
cblr-2872	404	5	11	11	NUM
cblr-2872	404	6	,	,	PUNCT
cblr-2872	404	7	2011	2011	NUM
cblr-2872	404	8	)	)	PUNCT
cblr-2872	404	9	(	(	PUNCT
cblr-2872	404	10	amending	amend	VERB
cblr-2872	404	11	12	12	NUM
cblr-2872	404	12	c.f.r	c.f.r	NOUN
cblr-2872	404	13	.	.	PUNCT
cblr-2872	405	1	pts	pts	PROPN
cblr-2872	405	2	.	.	PROPN
cblr-2872	405	3	45	45	NUM
cblr-2872	405	4	,	,	PUNCT
cblr-2872	405	5	237	237	NUM
cblr-2872	405	6	,	,	PUNCT
cblr-2872	405	7	324	324	NUM
cblr-2872	405	8	,	,	PUNCT
cblr-2872	405	9	624	624	NUM
cblr-2872	405	10	,	,	PUNCT
cblr-2872	405	11	1221	1221	NUM
cblr-2872	405	12	)	)	PUNCT
cblr-2872	405	13	;	;	PUNCT
cblr-2872	405	14	margin	margin	NOUN
cblr-2872	405	15	requirements	requirement	NOUN
cblr-2872	405	16	for	for	ADP
cblr-2872	405	17	uncleared	uncleared	ADJ
cblr-2872	405	18	swaps	swap	NOUN
cblr-2872	405	19	for	for	ADP
cblr-2872	405	20	swap	swap	NOUN
cblr-2872	405	21	dealers	dealer	NOUN
cblr-2872	405	22	and	and	CCONJ
cblr-2872	405	23	major	major	ADJ
cblr-2872	405	24	swap	swap	NOUN
cblr-2872	405	25	participants	participant	NOUN
cblr-2872	405	26	,	,	PUNCT
cblr-2872	405	27	76	76	NUM
cblr-2872	405	28	fed	fed	PROPN
cblr-2872	405	29	.	.	PUNCT
cblr-2872	406	1	reg	reg	PROPN
cblr-2872	406	2	.	.	PUNCT
cblr-2872	407	1	23,732	23,732	NUM
cblr-2872	407	2	(	(	PUNCT
cblr-2872	407	3	proposed	propose	VERB
cblr-2872	407	4	apr	apr	PROPN
cblr-2872	407	5	.	.	PROPN
cblr-2872	407	6	28	28	NUM
cblr-2872	407	7	,	,	PUNCT
cblr-2872	407	8	2011	2011	NUM
cblr-2872	407	9	)	)	PUNCT
cblr-2872	407	10	(	(	PUNCT
cblr-2872	407	11	amending	amend	VERB
cblr-2872	407	12	17	17	NUM
cblr-2872	407	13	c.f.r	c.f.r	NOUN
cblr-2872	407	14	.	.	PUNCT
cblr-2872	408	1	pt	pt	PROPN
cblr-2872	408	2	.	.	PROPN
cblr-2872	408	3	23	23	NUM
cblr-2872	408	4	)	)	PUNCT
cblr-2872	408	5	.	.	PUNCT
cblr-2872	409	1	44	44	NUM
cblr-2872	409	2	see	see	VERB
cblr-2872	409	3	confirmation	confirmation	NOUN
cblr-2872	409	4	,	,	PUNCT
cblr-2872	409	5	portfolio	portfolio	NOUN
cblr-2872	409	6	reconciliation	reconciliation	NOUN
cblr-2872	409	7	,	,	PUNCT
cblr-2872	409	8	portfolio	portfolio	NOUN
cblr-2872	409	9	compression	compression	NOUN
cblr-2872	409	10	,	,	PUNCT
cblr-2872	409	11	and	and	CCONJ
cblr-2872	409	12	swap	swap	NOUN
cblr-2872	409	13	trading	trading	NOUN
cblr-2872	409	14	relationship	relationship	NOUN
cblr-2872	409	15	documentation	documentation	NOUN
cblr-2872	409	16	requirements	requirement	NOUN
cblr-2872	409	17	for	for	ADP
cblr-2872	409	18	swap	swap	NOUN
cblr-2872	409	19	dealers	dealer	NOUN
cblr-2872	409	20	and	and	CCONJ
cblr-2872	409	21	major	major	ADJ
cblr-2872	409	22	swap	swap	NOUN
cblr-2872	409	23	participants	participant	NOUN
cblr-2872	409	24	,	,	PUNCT
cblr-2872	409	25	77	77	NUM
cblr-2872	409	26	fed	fed	PROPN
cblr-2872	409	27	.	.	PUNCT
cblr-2872	410	1	reg	reg	PROPN
cblr-2872	410	2	.	.	PUNCT
cblr-2872	411	1	55,904	55,904	NUM
cblr-2872	411	2	(	(	PUNCT
cblr-2872	411	3	sept	sept	PROPN
cblr-2872	411	4	.	.	PROPN
cblr-2872	411	5	11	11	NUM
cblr-2872	411	6	,	,	PUNCT
cblr-2872	411	7	2012	2012	NUM
cblr-2872	411	8	)	)	PUNCT
cblr-2872	411	9	(	(	PUNCT
cblr-2872	411	10	amending	amend	VERB
cblr-2872	411	11	17	17	NUM
cblr-2872	411	12	c.f.r	c.f.r	NOUN
cblr-2872	411	13	.	.	PUNCT
cblr-2872	412	1	pt	pt	PROPN
cblr-2872	412	2	.	.	PROPN
cblr-2872	412	3	23	23	NUM
cblr-2872	412	4	)	)	PUNCT
cblr-2872	412	5	;	;	PUNCT
cblr-2872	413	1	customer	customer	NOUN
cblr-2872	413	2	clearing	clearing	NOUN
cblr-2872	413	3	documentation	documentation	NOUN
cblr-2872	413	4	,	,	PUNCT
cblr-2872	413	5	timing	timing	NOUN
cblr-2872	413	6	of	of	ADP
cblr-2872	413	7	acceptance	acceptance	NOUN
cblr-2872	413	8	for	for	ADP
cblr-2872	413	9	clearing	clearing	NOUN
cblr-2872	413	10	,	,	PUNCT
cblr-2872	413	11	and	and	CCONJ
cblr-2872	413	12	clearing	clear	VERB
cblr-2872	413	13	member	member	NOUN
cblr-2872	413	14	risk	risk	NOUN
cblr-2872	413	15	management	management	NOUN
cblr-2872	413	16	,	,	PUNCT
cblr-2872	413	17	77	77	NUM
cblr-2872	413	18	fed	fed	PROPN
cblr-2872	413	19	.	.	PUNCT
cblr-2872	414	1	reg	reg	PROPN
cblr-2872	414	2	.	.	PUNCT
cblr-2872	415	1	21,278	21,278	NUM
cblr-2872	415	2	(	(	PUNCT
cblr-2872	415	3	apr	apr	NOUN
cblr-2872	415	4	.	.	PROPN
cblr-2872	415	5	9	9	NUM
cblr-2872	415	6	,	,	PUNCT
cblr-2872	415	7	2012	2012	NUM
cblr-2872	415	8	)	)	PUNCT
cblr-2872	415	9	(	(	PUNCT
cblr-2872	415	10	amending	amend	VERB
cblr-2872	415	11	17	17	NUM
cblr-2872	415	12	c.f.r	c.f.r	NOUN
cblr-2872	415	13	.	.	PUNCT
cblr-2872	416	1	pts	pts	PROPN
cblr-2872	416	2	.	.	PROPN
cblr-2872	416	3	1	1	NUM
cblr-2872	416	4	,	,	PUNCT
cblr-2872	416	5	23	23	NUM
cblr-2872	416	6	,	,	PUNCT
cblr-2872	416	7	37	37	NUM
cblr-2872	416	8	,	,	PUNCT
cblr-2872	416	9	38	38	NUM
cblr-2872	416	10	,	,	PUNCT
cblr-2872	416	11	39	39	NUM
cblr-2872	416	12	)	)	PUNCT
cblr-2872	416	13	.	.	PUNCT
cblr-2872	417	1	45	45	NUM
cblr-2872	417	2	see	see	VERB
cblr-2872	417	3	business	business	NOUN
cblr-2872	417	4	conduct	conduct	NOUN
cblr-2872	417	5	standards	standard	NOUN
cblr-2872	417	6	for	for	ADP
cblr-2872	417	7	swap	swap	NOUN
cblr-2872	417	8	dealers	dealer	NOUN
cblr-2872	417	9	and	and	CCONJ
cblr-2872	417	10	major	major	ADJ
cblr-2872	417	11	swap	swap	NOUN
cblr-2872	417	12	participants	participant	NOUN
cblr-2872	417	13	with	with	ADP
cblr-2872	417	14	counterparties	counterpartie	NOUN
cblr-2872	417	15	,	,	PUNCT
cblr-2872	417	16	77	77	NUM
cblr-2872	417	17	fed	fed	PROPN
cblr-2872	417	18	.	.	PUNCT
cblr-2872	418	1	reg	reg	PROPN
cblr-2872	418	2	.	.	PUNCT
cblr-2872	419	1	9734	9734	NUM
cblr-2872	419	2	(	(	PUNCT
cblr-2872	419	3	feb	feb	PROPN
cblr-2872	419	4	.	.	PROPN
cblr-2872	419	5	17	17	NUM
cblr-2872	419	6	,	,	PUNCT
cblr-2872	419	7	2012	2012	NUM
cblr-2872	419	8	)	)	PUNCT
cblr-2872	419	9	(	(	PUNCT
cblr-2872	419	10	amending	amend	VERB
cblr-2872	419	11	17	17	NUM
cblr-2872	419	12	c.f.r	c.f.r	NOUN
cblr-2872	419	13	.	.	PUNCT
cblr-2872	420	1	pts	pts	PROPN
cblr-2872	420	2	.	.	PROPN
cblr-2872	420	3	4	4	NUM
cblr-2872	420	4	,	,	PUNCT
cblr-2872	420	5	23	23	NUM
cblr-2872	420	6	)	)	PUNCT
cblr-2872	420	7	;	;	PUNCT
cblr-2872	420	8	business	business	NOUN
cblr-2872	420	9	conduct	conduct	NOUN
cblr-2872	420	10	standards	standard	NOUN
cblr-2872	420	11	for	for	ADP
cblr-2872	420	12	securitybased	securitybase	VERB
cblr-2872	420	13	swap	swap	NOUN
cblr-2872	420	14	dealers	dealer	NOUN
cblr-2872	420	15	and	and	CCONJ
cblr-2872	420	16	major	major	ADJ
cblr-2872	420	17	security	security	NOUN
cblr-2872	420	18	-	-	PUNCT
cblr-2872	420	19	based	base	VERB
cblr-2872	420	20	swap	swap	NOUN
cblr-2872	420	21	participants	participant	NOUN
cblr-2872	420	22	,	,	PUNCT
cblr-2872	420	23	76	76	NUM
cblr-2872	420	24	fed	fed	PROPN
cblr-2872	420	25	.	.	PUNCT
cblr-2872	421	1	reg	reg	PROPN
cblr-2872	421	2	.	.	PUNCT
cblr-2872	422	1	42,396	42,396	NUM
cblr-2872	422	2	(	(	PUNCT
cblr-2872	422	3	proposed	propose	VERB
cblr-2872	422	4	jul	jul	PROPN
cblr-2872	422	5	.	.	PROPN
cblr-2872	422	6	18	18	NUM
cblr-2872	422	7	,	,	PUNCT
cblr-2872	422	8	2011	2011	NUM
cblr-2872	422	9	)	)	PUNCT
cblr-2872	422	10	(	(	PUNCT
cblr-2872	422	11	amending	amend	VERB
cblr-2872	422	12	17	17	NUM
cblr-2872	422	13	c.f.r	c.f.r	NOUN
cblr-2872	422	14	.	.	PUNCT
cblr-2872	423	1	pt	pt	PROPN
cblr-2872	423	2	.	.	PROPN
cblr-2872	423	3	240	240	NUM
cblr-2872	423	4	)	)	PUNCT
cblr-2872	423	5	.	.	PUNCT
cblr-2872	424	1	692	692	NUM
cblr-2872	424	2	[	[	PUNCT
cblr-2872	424	3	vol	vol	NOUN
cblr-2872	424	4	.	.	PUNCT
cblr-2872	424	5	2013	2013	NUM
cblr-2872	424	6	regulation	regulation	NOUN
cblr-2872	424	7	through	through	ADP
cblr-2872	424	8	substitution	substitution	NOUN
cblr-2872	424	9	jurisdiction	jurisdiction	NOUN
cblr-2872	424	10	over	over	ADP
cblr-2872	424	11	transactions	transaction	NOUN
cblr-2872	424	12	that	that	PRON
cblr-2872	424	13	are	be	AUX
cblr-2872	424	14	"	"	PUNCT
cblr-2872	424	15	security	security	NOUN
cblr-2872	424	16	-	-	PUNCT
cblr-2872	424	17	based	base	VERB
cblr-2872	424	18	swaps	swap	NOUN
cblr-2872	424	19	.	.	PUNCT
cblr-2872	425	1	"4	"4	ADJ
cblr-2872	425	2	6	6	NUM
cblr-2872	425	3	congress	congress	PROPN
cblr-2872	425	4	included	include	VERB
cblr-2872	425	5	forty	forty	NUM
cblr-2872	425	6	-	-	PUNCT
cblr-2872	425	7	three	three	NUM
cblr-2872	425	8	separate	separate	ADJ
cblr-2872	425	9	rulemaking	rulemake	VERB
cblr-2872	425	10	mandates	mandate	NOUN
cblr-2872	425	11	in	in	ADP
cblr-2872	425	12	title	title	NOUN
cblr-2872	425	13	vii	vii	PROPN
cblr-2872	425	14	for	for	ADP
cblr-2872	425	15	the	the	DET
cblr-2872	425	16	cftc	cftc	PROPN
cblr-2872	425	17	to	to	PART
cblr-2872	425	18	implement	implement	VERB
cblr-2872	425	19	the	the	DET
cblr-2872	425	20	statutory	statutory	ADJ
cblr-2872	425	21	requirements	requirement	NOUN
cblr-2872	425	22	for	for	ADP
cblr-2872	425	23	swaps	swap	NOUN
cblr-2872	425	24	.	.	PUNCT
cblr-2872	426	1	47	47	NUM
cblr-2872	426	2	the	the	DET
cblr-2872	426	3	choices	choice	NOUN
cblr-2872	426	4	made	make	VERB
cblr-2872	426	5	by	by	ADP
cblr-2872	426	6	the	the	DET
cblr-2872	426	7	cftc	cftc	PROPN
cblr-2872	426	8	in	in	ADP
cblr-2872	426	9	adopting	adopt	VERB
cblr-2872	426	10	these	these	DET
cblr-2872	426	11	regulations	regulation	NOUN
cblr-2872	426	12	will	will	AUX
cblr-2872	426	13	determine	determine	VERB
cblr-2872	426	14	the	the	DET
cblr-2872	426	15	success	success	NOUN
cblr-2872	426	16	of	of	ADP
cblr-2872	426	17	the	the	DET
cblr-2872	426	18	new	new	ADJ
cblr-2872	426	19	swap	swap	ADJ
cblr-2872	426	20	regulatory	regulatory	ADJ
cblr-2872	426	21	regime	regime	NOUN
cblr-2872	426	22	and	and	CCONJ
cblr-2872	426	23	the	the	DET
cblr-2872	426	24	extent	extent	NOUN
cblr-2872	426	25	to	to	PART
cblr-2872	426	26	which	which	PRON
cblr-2872	426	27	this	this	DET
cblr-2872	426	28	regime	regime	NOUN
cblr-2872	426	29	may	may	AUX
cblr-2872	426	30	end	end	VERB
cblr-2872	426	31	the	the	DET
cblr-2872	426	32	swap	swap	NOUN
cblr-2872	426	33	markets	market	NOUN
cblr-2872	426	34	.	.	PUNCT
cblr-2872	427	1	d.	d.	NOUN
cblr-2872	427	2	the	the	DET
cblr-2872	427	3	futurization	futurization	NOUN
cblr-2872	427	4	debate	debate	NOUN
cblr-2872	427	5	in	in	ADP
cblr-2872	427	6	the	the	DET
cblr-2872	427	7	ten	ten	NUM
cblr-2872	427	8	-	-	PUNCT
cblr-2872	427	9	year	year	NOUN
cblr-2872	427	10	period	period	NOUN
cblr-2872	427	11	between	between	ADP
cblr-2872	427	12	the	the	DET
cblr-2872	427	13	cfma	cfma	NOUN
cblr-2872	427	14	and	and	CCONJ
cblr-2872	427	15	the	the	DET
cblr-2872	427	16	doddfrank	doddfrank	PROPN
cblr-2872	427	17	act	act	PROPN
cblr-2872	427	18	,	,	PUNCT
cblr-2872	427	19	market	market	NOUN
cblr-2872	427	20	participants	participant	NOUN
cblr-2872	427	21	often	often	ADV
cblr-2872	427	22	structured	structure	VERB
cblr-2872	427	23	transactions	transaction	NOUN
cblr-2872	427	24	to	to	PART
cblr-2872	427	25	avoid	avoid	VERB
cblr-2872	427	26	futures	future	NOUN
cblr-2872	427	27	regulation	regulation	NOUN
cblr-2872	427	28	because	because	SCONJ
cblr-2872	427	29	of	of	ADP
cblr-2872	427	30	the	the	DET
cblr-2872	427	31	relatively	relatively	ADV
cblr-2872	427	32	high	high	ADJ
cblr-2872	427	33	regulatory	regulatory	ADJ
cblr-2872	427	34	costs	cost	NOUN
cblr-2872	427	35	of	of	ADP
cblr-2872	427	36	futures	future	NOUN
cblr-2872	427	37	compared	compare	VERB
cblr-2872	427	38	to	to	ADP
cblr-2872	427	39	swaps	swap	NOUN
cblr-2872	427	40	.	.	PUNCT
cblr-2872	428	1	the	the	DET
cblr-2872	428	2	doddfrank	doddfrank	PROPN
cblr-2872	428	3	act	act	PROPN
cblr-2872	428	4	,	,	PUNCT
cblr-2872	428	5	which	which	PRON
cblr-2872	428	6	increased	increase	VERB
cblr-2872	428	7	regulatory	regulatory	ADJ
cblr-2872	428	8	costs	cost	NOUN
cblr-2872	428	9	of	of	ADP
cblr-2872	428	10	previously	previously	ADV
cblr-2872	428	11	unregulated	unregulated	ADJ
cblr-2872	428	12	swaps	swap	NOUN
cblr-2872	428	13	,	,	PUNCT
cblr-2872	428	14	caused	cause	VERB
cblr-2872	428	15	market	market	NOUN
cblr-2872	428	16	participants	participant	NOUN
cblr-2872	428	17	,	,	PUNCT
cblr-2872	428	18	academics	academic	NOUN
cblr-2872	428	19	,	,	PUNCT
cblr-2872	428	20	and	and	CCONJ
cblr-2872	428	21	commentators	commentator	NOUN
cblr-2872	428	22	to	to	PART
cblr-2872	428	23	wonder	wonder	VERB
cblr-2872	428	24	whether	whether	SCONJ
cblr-2872	428	25	market	market	NOUN
cblr-2872	428	26	participants	participant	NOUN
cblr-2872	428	27	would	would	AUX
cblr-2872	428	28	do	do	VERB
cblr-2872	428	29	exactly	exactly	ADV
cblr-2872	428	30	the	the	DET
cblr-2872	428	31	opposite	opposite	NOUN
cblr-2872	428	32	-	-	PUNCT
cblr-2872	428	33	that	that	PRON
cblr-2872	428	34	is	be	AUX
cblr-2872	428	35	,	,	PUNCT
cblr-2872	428	36	structure	structure	NOUN
cblr-2872	428	37	transactions	transaction	NOUN
cblr-2872	428	38	to	to	PART
cblr-2872	428	39	be	be	AUX
cblr-2872	428	40	treated	treat	VERB
cblr-2872	428	41	as	as	ADP
cblr-2872	428	42	futures	future	NOUN
cblr-2872	428	43	rather	rather	ADV
cblr-2872	428	44	than	than	ADP
cblr-2872	428	45	as	as	ADP
cblr-2872	428	46	swaps	swap	NOUN
cblr-2872	428	47	.	.	PUNCT
cblr-2872	429	1	as	as	SCONJ
cblr-2872	429	2	the	the	DET
cblr-2872	429	3	cftc	cftc	PROPN
cblr-2872	429	4	's	's	PART
cblr-2872	429	5	new	new	ADJ
cblr-2872	429	6	swap	swap	NOUN
cblr-2872	429	7	regulations	regulation	NOUN
cblr-2872	429	8	have	have	AUX
cblr-2872	429	9	been	be	AUX
cblr-2872	429	10	finalized	finalize	VERB
cblr-2872	429	11	and	and	CCONJ
cblr-2872	429	12	started	start	VERB
cblr-2872	429	13	to	to	PART
cblr-2872	429	14	come	come	VERB
cblr-2872	429	15	into	into	ADP
cblr-2872	429	16	effect	effect	NOUN
cblr-2872	429	17	,	,	PUNCT
cblr-2872	429	18	market	market	NOUN
cblr-2872	429	19	participants	participant	NOUN
cblr-2872	429	20	have	have	AUX
cblr-2872	429	21	indeed	indeed	ADV
cblr-2872	429	22	begun	begin	VERB
cblr-2872	429	23	to	to	PART
cblr-2872	429	24	migrate	migrate	VERB
cblr-2872	429	25	their	their	PRON
cblr-2872	429	26	positions	position	NOUN
cblr-2872	429	27	from	from	ADP
cblr-2872	429	28	swaps	swap	NOUN
cblr-2872	429	29	to	to	ADP
cblr-2872	429	30	economically	economically	ADV
cblr-2872	429	31	equivalent	equivalent	ADJ
cblr-2872	429	32	futures	future	NOUN
cblr-2872	429	33	contracts.48	contracts.48	VERB
cblr-2872	429	34	this	this	DET
cblr-2872	429	35	trend	trend	NOUN
cblr-2872	429	36	has	have	AUX
cblr-2872	429	37	been	be	AUX
cblr-2872	429	38	termed	term	VERB
cblr-2872	429	39	"	"	PUNCT
cblr-2872	429	40	futurization	futurization	NOUN
cblr-2872	429	41	.	.	PUNCT
cblr-2872	429	42	"	"	PUNCT
cblr-2872	430	1	46	46	NUM
cblr-2872	430	2	dodd	dodd	PROPN
cblr-2872	430	3	-	-	PUNCT
cblr-2872	430	4	frank	frank	PROPN
cblr-2872	430	5	wall	wall	PROPN
cblr-2872	430	6	street	street	PROPN
cblr-2872	430	7	reform	reform	PROPN
cblr-2872	430	8	and	and	CCONJ
cblr-2872	430	9	consumer	consumer	NOUN
cblr-2872	430	10	protection	protection	PROPN
cblr-2872	430	11	act	act	PROPN
cblr-2872	430	12	,	,	PUNCT
cblr-2872	430	13	pub	pub	NOUN
cblr-2872	430	14	.	.	PUNCT
cblr-2872	431	1	l.	l.	PROPN
cblr-2872	431	2	no	no	INTJ
cblr-2872	431	3	.	.	PROPN
cblr-2872	431	4	111	111	NUM
cblr-2872	431	5	-	-	SYM
cblr-2872	431	6	203	203	NUM
cblr-2872	431	7	,	,	PUNCT
cblr-2872	431	8	124	124	NUM
cblr-2872	431	9	stat	stat	NOUN
cblr-2872	431	10	.	.	PUNCT
cblr-2872	432	1	1376	1376	NUM
cblr-2872	432	2	§	§	PROPN
cblr-2872	432	3	722	722	NUM
cblr-2872	432	4	(	(	PUNCT
cblr-2872	432	5	2010	2010	NUM
cblr-2872	432	6	)	)	PUNCT
cblr-2872	432	7	.	.	PUNCT
cblr-2872	433	1	this	this	DET
cblr-2872	433	2	article	article	NOUN
cblr-2872	433	3	focuses	focus	VERB
cblr-2872	433	4	on	on	ADP
cblr-2872	433	5	the	the	DET
cblr-2872	433	6	regulation	regulation	NOUN
cblr-2872	433	7	of	of	ADP
cblr-2872	433	8	swaps	swap	NOUN
cblr-2872	433	9	by	by	ADP
cblr-2872	433	10	the	the	DET
cblr-2872	433	11	cftc	cftc	PROPN
cblr-2872	433	12	,	,	PUNCT
cblr-2872	433	13	rather	rather	ADV
cblr-2872	433	14	than	than	ADP
cblr-2872	433	15	on	on	ADP
cblr-2872	433	16	the	the	DET
cblr-2872	433	17	sec	sec	PROPN
cblr-2872	433	18	's	's	PART
cblr-2872	433	19	regulations	regulation	NOUN
cblr-2872	433	20	for	for	ADP
cblr-2872	433	21	security	security	NOUN
cblr-2872	433	22	-	-	PUNCT
cblr-2872	433	23	based	base	VERB
cblr-2872	433	24	swaps	swap	NOUN
cblr-2872	433	25	,	,	PUNCT
cblr-2872	433	26	as	as	SCONJ
cblr-2872	433	27	the	the	DET
cblr-2872	433	28	phenomenon	phenomenon	NOUN
cblr-2872	433	29	of	of	ADP
cblr-2872	433	30	futurization	futurization	NOUN
cblr-2872	433	31	involves	involve	VERB
cblr-2872	433	32	transactions	transaction	NOUN
cblr-2872	433	33	subject	subject	ADJ
cblr-2872	433	34	to	to	ADP
cblr-2872	433	35	cftc	cftc	PROPN
cblr-2872	433	36	regulation	regulation	NOUN
cblr-2872	433	37	.	.	PUNCT
cblr-2872	434	1	47	47	NUM
cblr-2872	434	2	see	see	VERB
cblr-2872	434	3	davis	davis	PROPN
cblr-2872	434	4	polk	polk	PROPN
cblr-2872	434	5	&	&	CCONJ
cblr-2872	434	6	wardwell	wardwell	PROPN
cblr-2872	434	7	,	,	PUNCT
cblr-2872	434	8	dodd	dodd	PROPN
cblr-2872	434	9	-	-	PUNCT
cblr-2872	434	10	frank	frank	ADJ
cblr-2872	434	11	progress	progress	NOUN
cblr-2872	434	12	report	report	NOUN
cblr-2872	434	13	6	6	NUM
cblr-2872	434	14	(	(	PUNCT
cblr-2872	434	15	2013	2013	NUM
cblr-2872	434	16	)	)	PUNCT
cblr-2872	434	17	,	,	PUNCT
cblr-2872	434	18	available	available	ADJ
cblr-2872	434	19	at	at	ADP
cblr-2872	434	20	http://www.davispolk.com/files/publication/900769d774f0-474c-9bce-0014949f0685/presentation/publicationattachment/	http://www.davispolk.com/files/publication/900769d774f0-474c-9bce-0014949f0685/presentation/publicationattachment/	PROPN
cblr-2872	434	21	3983137e-639b-4bbc	3983137e-639b-4bbc	PROPN
cblr-2872	434	22	-	-	PUNCT
cblr-2872	434	23	a901	a901	NOUN
cblr-2872	434	24	-	-	PUNCT
cblr-2872	434	25	002b21e2e246	002b21e2e246	NUM
cblr-2872	434	26	/	/	SYM
cblr-2872	434	27	apr2ol3_dodd.frank.progress	apr2ol3_dodd.frank.progress	NOUN
cblr-2872	434	28	.	.	PUNCT
cblr-2872	435	1	report.pdf	report.pdf	X
cblr-2872	435	2	.	.	PROPN
cblr-2872	436	1	48	48	NUM
cblr-2872	436	2	"	"	PUNCT
cblr-2872	436	3	small	small	ADJ
cblr-2872	436	4	wonder	wonder	NOUN
cblr-2872	436	5	...	...	PUNCT
cblr-2872	436	6	that	that	SCONJ
cblr-2872	436	7	swaps	swap	NOUN
cblr-2872	436	8	market	market	NOUN
cblr-2872	436	9	participants	participant	NOUN
cblr-2872	436	10	have	have	AUX
cblr-2872	436	11	increasingly	increasingly	ADV
cblr-2872	436	12	been	be	AUX
cblr-2872	436	13	contemplating	contemplate	VERB
cblr-2872	436	14	'	'	PUNCT
cblr-2872	436	15	futurisation	futurisation	NOUN
cblr-2872	436	16	'	'	PUNCT
cblr-2872	436	17	,	,	PUNCT
cblr-2872	436	18	which	which	PRON
cblr-2872	436	19	generally	generally	ADV
cblr-2872	436	20	refers	refer	VERB
cblr-2872	436	21	to	to	ADP
cblr-2872	436	22	the	the	DET
cblr-2872	436	23	process	process	NOUN
cblr-2872	436	24	by	by	ADP
cblr-2872	436	25	which	which	PRON
cblr-2872	436	26	a	a	DET
cblr-2872	436	27	standardized	standardized	ADJ
cblr-2872	436	28	swap	swap	NOUN
cblr-2872	436	29	is	be	AUX
cblr-2872	436	30	recreated	recreate	VERB
cblr-2872	436	31	as	as	ADP
cblr-2872	436	32	a	a	DET
cblr-2872	436	33	futures	future	NOUN
cblr-2872	436	34	contract	contract	NOUN
cblr-2872	436	35	.	.	PUNCT
cblr-2872	437	1	the	the	DET
cblr-2872	437	2	newly	newly	ADV
cblr-2872	437	3	created	create	VERB
cblr-2872	437	4	futures	future	NOUN
cblr-2872	437	5	contract	contract	NOUN
cblr-2872	437	6	can	can	AUX
cblr-2872	437	7	trade	trade	VERB
cblr-2872	437	8	as	as	ADP
cblr-2872	437	9	a	a	DET
cblr-2872	437	10	replacement	replacement	NOUN
cblr-2872	437	11	for	for	ADP
cblr-2872	437	12	,	,	PUNCT
cblr-2872	437	13	or	or	CCONJ
cblr-2872	437	14	as	as	ADP
cblr-2872	437	15	an	an	DET
cblr-2872	437	16	alternative	alternative	NOUN
cblr-2872	437	17	to	to	ADP
cblr-2872	437	18	,	,	PUNCT
cblr-2872	437	19	the	the	DET
cblr-2872	437	20	swap	swap	NOUN
cblr-2872	437	21	.	.	PUNCT
cblr-2872	438	1	the	the	DET
cblr-2872	438	2	most	most	ADV
cblr-2872	438	3	likely	likely	ADJ
cblr-2872	438	4	candidates	candidate	NOUN
cblr-2872	438	5	for	for	ADP
cblr-2872	438	6	futurization	futurization	NOUN
cblr-2872	438	7	are	be	AUX
cblr-2872	438	8	those	those	DET
cblr-2872	438	9	swaps	swap	NOUN
cblr-2872	438	10	that	that	PRON
cblr-2872	438	11	,	,	PUNCT
cblr-2872	438	12	due	due	ADP
cblr-2872	438	13	to	to	ADP
cblr-2872	438	14	their	their	PRON
cblr-2872	438	15	liquidity	liquidity	NOUN
cblr-2872	438	16	and	and	CCONJ
cblr-2872	438	17	relative	relative	ADJ
cblr-2872	438	18	no	no	INTJ
cblr-2872	438	19	.	.	PUNCT
cblr-2872	439	1	3:667	3:667	NUM
cblr-2872	439	2	]	]	PUNCT
cblr-2872	439	3	693	693	NUM
cblr-2872	439	4	columbia	columbia	PROPN
cblr-2872	439	5	business	business	NOUN
cblr-2872	439	6	law	law	PROPN
cblr-2872	439	7	review	review	NOUN
cblr-2872	439	8	in	in	ADP
cblr-2872	439	9	july	july	PROPN
cblr-2872	439	10	2012	2012	NUM
cblr-2872	439	11	,	,	PUNCT
cblr-2872	439	12	intercontinentalexchange	intercontinentalexchange	NOUN
cblr-2872	439	13	stated	state	VERB
cblr-2872	439	14	that	that	SCONJ
cblr-2872	439	15	it	it	PRON
cblr-2872	439	16	would	would	AUX
cblr-2872	439	17	futurize	futurize	VERB
cblr-2872	439	18	all	all	DET
cblr-2872	439	19	energy	energy	NOUN
cblr-2872	439	20	contracts	contract	NOUN
cblr-2872	439	21	that	that	PRON
cblr-2872	439	22	had	have	AUX
cblr-2872	439	23	traded	trade	VERB
cblr-2872	439	24	as	as	ADP
cblr-2872	439	25	swaps	swap	NOUN
cblr-2872	439	26	,	,	PUNCT
cblr-2872	439	27	and	and	CCONJ
cblr-2872	439	28	cme	cme	PROPN
cblr-2872	439	29	group	group	PROPN
cblr-2872	439	30	inc	inc	PROPN
cblr-2872	439	31	.	.	PROPN
cblr-2872	439	32	followed	follow	VERB
cblr-2872	439	33	soon	soon	ADV
cblr-2872	439	34	thereafter.49	thereafter.49	NOUN
cblr-2872	439	35	as	as	ADP
cblr-2872	439	36	of	of	ADP
cblr-2872	439	37	january	january	PROPN
cblr-2872	439	38	2013	2013	NUM
cblr-2872	439	39	,	,	PUNCT
cblr-2872	439	40	52	52	NUM
cblr-2872	439	41	%	%	NOUN
cblr-2872	439	42	of	of	ADP
cblr-2872	439	43	the	the	DET
cblr-2872	439	44	intercontinentalexchange	intercontinentalexchange	NOUN
cblr-2872	439	45	's	's	PART
cblr-2872	439	46	volume	volume	NOUN
cblr-2872	439	47	of	of	ADP
cblr-2872	439	48	energy	energy	NOUN
cblr-2872	439	49	futures	future	NOUN
cblr-2872	439	50	was	be	AUX
cblr-2872	439	51	in	in	ADP
cblr-2872	439	52	contracts	contract	NOUN
cblr-2872	439	53	that	that	PRON
cblr-2872	439	54	were	be	AUX
cblr-2872	439	55	swaps	swap	NOUN
cblr-2872	439	56	prior	prior	ADV
cblr-2872	439	57	to	to	ADP
cblr-2872	439	58	october	october	PROPN
cblr-2872	439	59	15	15	NUM
cblr-2872	439	60	,	,	PUNCT
cblr-2872	439	61	2012,50	2012,50	NUM
cblr-2872	439	62	while	while	SCONJ
cblr-2872	439	63	90	90	NUM
cblr-2872	439	64	%	%	NOUN
cblr-2872	439	65	of	of	ADP
cblr-2872	439	66	cme	cme	PROPN
cblr-2872	439	67	's	's	PART
cblr-2872	439	68	energy	energy	NOUN
cblr-2872	439	69	trades	trade	NOUN
cblr-2872	439	70	were	be	AUX
cblr-2872	439	71	done	do	VERB
cblr-2872	439	72	as	as	ADP
cblr-2872	439	73	futures	future	NOUN
cblr-2872	439	74	,	,	PUNCT
cblr-2872	439	75	dramatically	dramatically	ADV
cblr-2872	439	76	up	up	ADV
cblr-2872	439	77	from	from	ADP
cblr-2872	439	78	10	10	NUM
cblr-2872	439	79	%	%	NOUN
cblr-2872	439	80	before	before	ADP
cblr-2872	439	81	the	the	DET
cblr-2872	439	82	new	new	ADJ
cblr-2872	439	83	rules.51	rules.51	NOUN
cblr-2872	439	84	in	in	ADP
cblr-2872	439	85	response	response	NOUN
cblr-2872	439	86	to	to	ADP
cblr-2872	439	87	these	these	DET
cblr-2872	439	88	developments	development	NOUN
cblr-2872	439	89	,	,	PUNCT
cblr-2872	439	90	the	the	DET
cblr-2872	439	91	cftc	cftc	PROPN
cblr-2872	439	92	held	hold	VERB
cblr-2872	439	93	a	a	DET
cblr-2872	439	94	oneday	oneday	PROPN
cblr-2872	439	95	public	public	ADJ
cblr-2872	439	96	roundtable	roundtable	NOUN
cblr-2872	439	97	on	on	ADP
cblr-2872	439	98	the	the	DET
cblr-2872	439	99	futurization	futurization	NOUN
cblr-2872	439	100	of	of	ADP
cblr-2872	439	101	swaps	swap	NOUN
cblr-2872	439	102	on	on	ADP
cblr-2872	439	103	january	january	PROPN
cblr-2872	439	104	31	31	NUM
cblr-2872	439	105	,	,	PUNCT
cblr-2872	439	106	2013.52	2013.52	NUM
cblr-2872	439	107	the	the	DET
cblr-2872	439	108	purpose	purpose	NOUN
cblr-2872	439	109	of	of	ADP
cblr-2872	439	110	the	the	DET
cblr-2872	439	111	roundtable	roundtable	NOUN
cblr-2872	439	112	,	,	PUNCT
cblr-2872	439	113	as	as	SCONJ
cblr-2872	439	114	expressed	express	VERB
cblr-2872	439	115	by	by	ADP
cblr-2872	439	116	the	the	DET
cblr-2872	439	117	cftc	cftc	PROPN
cblr-2872	439	118	,	,	PUNCT
cblr-2872	439	119	was	be	AUX
cblr-2872	439	120	to	to	PART
cblr-2872	439	121	"	"	PUNCT
cblr-2872	439	122	provide	provide	VERB
cblr-2872	439	123	industry	industry	NOUN
cblr-2872	439	124	participants	participant	NOUN
cblr-2872	439	125	and	and	CCONJ
cblr-2872	439	126	others	other	NOUN
cblr-2872	439	127	an	an	DET
cblr-2872	439	128	opportunity	opportunity	NOUN
cblr-2872	439	129	to	to	PART
cblr-2872	439	130	present	present	VERB
cblr-2872	439	131	their	their	PRON
cblr-2872	439	132	views	view	NOUN
cblr-2872	439	133	relating	relate	VERB
cblr-2872	439	134	to	to	ADP
cblr-2872	439	135	the	the	DET
cblr-2872	439	136	listing	listing	NOUN
cblr-2872	439	137	for	for	ADP
cblr-2872	439	138	trading	trading	NOUN
cblr-2872	439	139	and	and	CCONJ
cblr-2872	439	140	the	the	DET
cblr-2872	439	141	clearing	clearing	NOUN
cblr-2872	439	142	of	of	ADP
cblr-2872	439	143	various	various	ADJ
cblr-2872	439	144	swap	swap	NOUN
cblr-2872	439	145	-	-	PUNCT
cblr-2872	439	146	like	like	ADJ
cblr-2872	439	147	instruments	instrument	NOUN
cblr-2872	439	148	,	,	PUNCT
cblr-2872	439	149	futures	future	NOUN
cblr-2872	439	150	,	,	PUNCT
cblr-2872	439	151	and	and	CCONJ
cblr-2872	439	152	options	option	NOUN
cblr-2872	439	153	contracts	contract	NOUN
cblr-2872	439	154	on	on	ADP
cblr-2872	439	155	...	...	PUNCT
cblr-2872	440	1	[	[	X
cblr-2872	440	2	regulated	regulated	ADJ
cblr-2872	440	3	]	]	PUNCT
cblr-2872	440	4	designated	designate	VERB
cblr-2872	440	5	contract	contract	NOUN
cblr-2872	440	6	markets	market	NOUN
cblr-2872	440	7	or	or	CCONJ
cblr-2872	440	8	dcms	dcms	NOUN
cblr-2872	440	9	.	.	PUNCT
cblr-2872	441	1	"5	"5	NOUN
cblr-2872	441	2	3	3	NUM
cblr-2872	441	3	over	over	ADP
cblr-2872	441	4	the	the	DET
cblr-2872	441	5	course	course	NOUN
cblr-2872	441	6	of	of	ADP
cblr-2872	441	7	four	four	NUM
cblr-2872	441	8	panels	panel	NOUN
cblr-2872	441	9	lasting	last	VERB
cblr-2872	441	10	approximately	approximately	ADV
cblr-2872	441	11	five	five	NUM
cblr-2872	441	12	hours,54	hours,54	NUM
cblr-2872	441	13	standardization	standardization	NOUN
cblr-2872	441	14	,	,	PUNCT
cblr-2872	441	15	are	be	AUX
cblr-2872	441	16	already	already	ADV
cblr-2872	441	17	voluntarily	voluntarily	ADV
cblr-2872	441	18	cleared	clear	VERB
cblr-2872	441	19	or	or	CCONJ
cblr-2872	441	20	are	be	AUX
cblr-2872	441	21	likely	likely	ADJ
cblr-2872	441	22	to	to	PART
cblr-2872	441	23	be	be	AUX
cblr-2872	441	24	subject	subject	ADJ
cblr-2872	441	25	to	to	ADP
cblr-2872	441	26	mandatory	mandatory	ADJ
cblr-2872	441	27	clearing	clearing	NOUN
cblr-2872	441	28	.	.	PUNCT
cblr-2872	442	1	a	a	DET
cblr-2872	442	2	futurized	futurize	VERB
cblr-2872	442	3	swap	swap	NOUN
cblr-2872	442	4	is	be	AUX
cblr-2872	442	5	a	a	DET
cblr-2872	442	6	futures	future	NOUN
cblr-2872	442	7	contract	contract	NOUN
cblr-2872	442	8	,	,	PUNCT
cblr-2872	442	9	and	and	CCONJ
cblr-2872	442	10	is	be	AUX
cblr-2872	442	11	regulated	regulate	VERB
cblr-2872	442	12	as	as	ADP
cblr-2872	442	13	such	such	ADJ
cblr-2872	442	14	.	.	PUNCT
cblr-2872	442	15	"	"	PUNCT
cblr-2872	443	1	hahn	hahn	PROPN
cblr-2872	443	2	,	,	PUNCT
cblr-2872	443	3	dunsky	dunsky	PROPN
cblr-2872	443	4	&	&	CCONJ
cblr-2872	443	5	lalone	lalone	PROPN
cblr-2872	443	6	,	,	PUNCT
cblr-2872	443	7	supra	supra	PROPN
cblr-2872	443	8	note	note	NOUN
cblr-2872	443	9	30	30	NUM
cblr-2872	443	10	,	,	PUNCT
cblr-2872	443	11	at	at	ADP
cblr-2872	443	12	166	166	NUM
cblr-2872	443	13	.	.	PUNCT
cblr-2872	443	14	49	49	NUM
cblr-2872	443	15	for	for	ADP
cblr-2872	443	16	a	a	DET
cblr-2872	443	17	more	more	ADV
cblr-2872	443	18	detailed	detailed	ADJ
cblr-2872	443	19	discussion	discussion	NOUN
cblr-2872	443	20	of	of	ADP
cblr-2872	443	21	the	the	DET
cblr-2872	443	22	futurization	futurization	NOUN
cblr-2872	443	23	of	of	ADP
cblr-2872	443	24	swaps	swap	NOUN
cblr-2872	443	25	by	by	ADP
cblr-2872	443	26	intercontinentalexchange	intercontinentalexchange	NOUN
cblr-2872	443	27	and	and	CCONJ
cblr-2872	443	28	cme	cme	PROPN
cblr-2872	443	29	group	group	PROPN
cblr-2872	443	30	inc	inc	PROPN
cblr-2872	443	31	.	.	PROPN
cblr-2872	443	32	,	,	PUNCT
cblr-2872	443	33	see	see	VERB
cblr-2872	443	34	i	i	PRON
cblr-2872	443	35	d.	d.	PROPN
cblr-2872	443	36	at	at	ADP
cblr-2872	443	37	168	168	NUM
cblr-2872	443	38	-	-	SYM
cblr-2872	443	39	69	69	NUM
cblr-2872	443	40	.	.	PUNCT
cblr-2872	444	1	50	50	NUM
cblr-2872	444	2	see	see	VERB
cblr-2872	444	3	silla	silla	PROPN
cblr-2872	444	4	brush	brush	PROPN
cblr-2872	444	5	,	,	PUNCT
cblr-2872	444	6	u.s	u.s	PROPN
cblr-2872	444	7	.	.	PROPN
cblr-2872	444	8	rules	rule	NOUN
cblr-2872	444	9	are	be	AUX
cblr-2872	444	10	scrutinized	scrutinize	VERB
cblr-2872	444	11	as	as	SCONJ
cblr-2872	444	12	energy	energy	NOUN
cblr-2872	444	13	futures	future	NOUN
cblr-2872	444	14	swapped	swap	VERB
cblr-2872	444	15	for	for	ADP
cblr-2872	444	16	swaps	swap	NOUN
cblr-2872	444	17	,	,	PUNCT
cblr-2872	444	18	bloomberg	bloomberg	PROPN
cblr-2872	444	19	(	(	PUNCT
cblr-2872	444	20	jan	jan	PROPN
cblr-2872	444	21	.	.	PROPN
cblr-2872	444	22	31	31	NUM
cblr-2872	444	23	,	,	PUNCT
cblr-2872	444	24	2013	2013	NUM
cblr-2872	444	25	,	,	PUNCT
cblr-2872	444	26	7:11	7:11	NUM
cblr-2872	444	27	pm	pm	NOUN
cblr-2872	444	28	)	)	PUNCT
cblr-2872	444	29	,	,	PUNCT
cblr-2872	444	30	http://www.bloomberg.com/news/2013-01-31/u-s-rules-get-scrutiny-asenergy-futures-are-swapped-for-swaps.html	http://www.bloomberg.com/news/2013-01-31/u-s-rules-get-scrutiny-asenergy-futures-are-swapped-for-swaps.html	NOUN
cblr-2872	444	31	.	.	PUNCT
cblr-2872	445	1	51	51	NUM
cblr-2872	445	2	see	see	VERB
cblr-2872	445	3	brush	brush	NOUN
cblr-2872	445	4	,	,	PUNCT
cblr-2872	445	5	supra	supra	ADJ
cblr-2872	445	6	note	note	NOUN
cblr-2872	445	7	2	2	NUM
cblr-2872	445	8	.	.	NOUN
cblr-2872	445	9	52	52	NUM
cblr-2872	445	10	for	for	ADP
cblr-2872	445	11	the	the	DET
cblr-2872	445	12	full	full	ADJ
cblr-2872	445	13	transcript	transcript	NOUN
cblr-2872	445	14	of	of	ADP
cblr-2872	445	15	the	the	DET
cblr-2872	445	16	roundtable	roundtable	NOUN
cblr-2872	445	17	,	,	PUNCT
cblr-2872	445	18	see	see	VERB
cblr-2872	445	19	cftc	cftc	PROPN
cblr-2872	445	20	roundtable	roundtable	PROPN
cblr-2872	445	21	,	,	PUNCT
cblr-2872	445	22	supra	supra	ADJ
cblr-2872	445	23	note	note	NOUN
cblr-2872	445	24	3	3	NUM
cblr-2872	445	25	.	.	X
cblr-2872	445	26	53	53	NUM
cblr-2872	445	27	richard	richard	PROPN
cblr-2872	445	28	shilts	shilt	NOUN
cblr-2872	445	29	,	,	PUNCT
cblr-2872	445	30	acting	act	VERB
cblr-2872	445	31	dir	dir	NOUN
cblr-2872	445	32	.	.	PUNCT
cblr-2872	446	1	of	of	ADP
cblr-2872	446	2	the	the	DET
cblr-2872	446	3	div	div	PROPN
cblr-2872	446	4	.	.	PUNCT
cblr-2872	447	1	of	of	ADP
cblr-2872	447	2	market	market	NOUN
cblr-2872	447	3	oversight	oversight	NOUN
cblr-2872	447	4	,	,	PUNCT
cblr-2872	447	5	cftc	cftc	PROPN
cblr-2872	447	6	,	,	PUNCT
cblr-2872	447	7	i	i	PRON
cblr-2872	447	8	d.	d.	PROPN
cblr-2872	447	9	at	at	ADP
cblr-2872	447	10	8	8	NUM
cblr-2872	447	11	.	.	PUNCT
cblr-2872	448	1	similarly	similarly	ADV
cblr-2872	448	2	,	,	PUNCT
cblr-2872	448	3	ananda	ananda	PROPN
cblr-2872	448	4	radhakrishnan	radhakrishnan	PROPN
cblr-2872	448	5	,	,	PUNCT
cblr-2872	448	6	director	director	NOUN
cblr-2872	448	7	of	of	ADP
cblr-2872	448	8	the	the	DET
cblr-2872	448	9	division	division	NOUN
cblr-2872	448	10	of	of	ADP
cblr-2872	448	11	clearing	clearing	NOUN
cblr-2872	448	12	and	and	CCONJ
cblr-2872	448	13	risk	risk	NOUN
cblr-2872	448	14	at	at	ADP
cblr-2872	448	15	the	the	DET
cblr-2872	448	16	cftc	cftc	PROPN
cblr-2872	448	17	,	,	PUNCT
cblr-2872	448	18	stated	state	VERB
cblr-2872	448	19	towards	towards	ADP
cblr-2872	448	20	the	the	DET
cblr-2872	448	21	beginning	beginning	NOUN
cblr-2872	448	22	of	of	ADP
cblr-2872	448	23	the	the	DET
cblr-2872	448	24	roundtable	roundtable	NOUN
cblr-2872	448	25	:	:	PUNCT
cblr-2872	448	26	"	"	PUNCT
cblr-2872	448	27	[	[	X
cblr-2872	448	28	i1s	i1	VERB
cblr-2872	448	29	it	it	PRON
cblr-2872	448	30	a	a	DET
cblr-2872	448	31	bad	bad	ADJ
cblr-2872	448	32	thing	thing	NOUN
cblr-2872	448	33	for	for	ADP
cblr-2872	448	34	all	all	DET
cblr-2872	448	35	clearable	clearable	ADJ
cblr-2872	448	36	derivatives	derivative	NOUN
cblr-2872	448	37	to	to	PART
cblr-2872	448	38	become	become	VERB
cblr-2872	448	39	futures	future	NOUN
cblr-2872	448	40	?	?	PUNCT
cblr-2872	449	1	and	and	CCONJ
cblr-2872	449	2	i	i	PRON
cblr-2872	449	3	'm	be	AUX
cblr-2872	449	4	not	not	PART
cblr-2872	449	5	demonstrating	demonstrate	VERB
cblr-2872	449	6	a	a	DET
cblr-2872	449	7	bias	bias	NOUN
cblr-2872	449	8	.	.	PUNCT
cblr-2872	450	1	i	i	PRON
cblr-2872	450	2	'm	be	AUX
cblr-2872	450	3	just	just	ADV
cblr-2872	450	4	asking	ask	VERB
cblr-2872	450	5	:	:	PUNCT
cblr-2872	450	6	is	be	AUX
cblr-2872	450	7	that	that	SCONJ
cblr-2872	450	8	a	a	DET
cblr-2872	450	9	bad	bad	ADJ
cblr-2872	450	10	thing	thing	NOUN
cblr-2872	450	11	?	?	PUNCT
cblr-2872	451	1	because	because	SCONJ
cblr-2872	451	2	,	,	PUNCT
cblr-2872	451	3	you	you	PRON
cblr-2872	451	4	know	know	VERB
cblr-2872	451	5	,	,	PUNCT
cblr-2872	451	6	if	if	SCONJ
cblr-2872	451	7	that	that	PRON
cblr-2872	451	8	happens	happen	VERB
cblr-2872	451	9	,	,	PUNCT
cblr-2872	451	10	there	there	PRON
cblr-2872	451	11	will	will	AUX
cblr-2872	451	12	be	be	AUX
cblr-2872	451	13	certainty	certainty	NOUN
cblr-2872	451	14	of	of	ADP
cblr-2872	451	15	clearing	clearing	NOUN
cblr-2872	451	16	because	because	SCONJ
cblr-2872	451	17	everything	everything	PRON
cblr-2872	451	18	has	have	VERB
cblr-2872	451	19	to	to	PART
cblr-2872	451	20	be	be	AUX
cblr-2872	451	21	cleared	clear	VERB
cblr-2872	451	22	.	.	PUNCT
cblr-2872	452	1	does	do	AUX
cblr-2872	452	2	the	the	DET
cblr-2872	452	3	government	government	NOUN
cblr-2872	452	4	have	have	VERB
cblr-2872	452	5	a	a	DET
cblr-2872	452	6	role	role	NOUN
cblr-2872	452	7	to	to	PART
cblr-2872	452	8	play	play	VERB
cblr-2872	452	9	this	this	PRON
cblr-2872	452	10	?	?	PUNCT
cblr-2872	453	1	should	should	AUX
cblr-2872	453	2	we	we	PRON
cblr-2872	453	3	care	care	VERB
cblr-2872	453	4	about	about	ADP
cblr-2872	453	5	whether	whether	SCONJ
cblr-2872	453	6	all	all	DET
cblr-2872	453	7	clearable	clearable	ADJ
cblr-2872	453	8	derivatives	derivative	NOUN
cblr-2872	453	9	become	become	VERB
cblr-2872	453	10	futures	future	NOUN
cblr-2872	453	11	contracts	contract	NOUN
cblr-2872	453	12	?	?	PUNCT
cblr-2872	454	1	and	and	CCONJ
cblr-2872	454	2	if	if	SCONJ
cblr-2872	454	3	so	so	ADV
cblr-2872	454	4	,	,	PUNCT
cblr-2872	454	5	why	why	SCONJ
cblr-2872	454	6	?	?	PUNCT
cblr-2872	455	1	and	and	CCONJ
cblr-2872	455	2	if	if	SCONJ
cblr-2872	455	3	not	not	PART
cblr-2872	455	4	,	,	PUNCT
cblr-2872	455	5	why	why	SCONJ
cblr-2872	455	6	not	not	PART
cblr-2872	455	7	?	?	PUNCT
cblr-2872	455	8	"	"	PUNCT
cblr-2872	456	1	i	i	PRON
cblr-2872	456	2	d.	d.	PROPN
cblr-2872	456	3	at	at	ADP
cblr-2872	456	4	28	28	NUM
cblr-2872	456	5	.	.	PUNCT
cblr-2872	457	1	54	54	NUM
cblr-2872	457	2	see	see	VERB
cblr-2872	457	3	press	press	NOUN
cblr-2872	457	4	release	release	NOUN
cblr-2872	457	5	,	,	PUNCT
cblr-2872	457	6	cftc	cftc	PROPN
cblr-2872	457	7	,	,	PUNCT
cblr-2872	457	8	cftc	cftc	PROPN
cblr-2872	457	9	staff	staff	NOUN
cblr-2872	457	10	to	to	PART
cblr-2872	457	11	host	host	VERB
cblr-2872	457	12	public	public	ADJ
cblr-2872	457	13	roundtable	roundtable	ADJ
cblr-2872	457	14	to	to	PART
cblr-2872	457	15	discuss	discuss	VERB
cblr-2872	457	16	the	the	DET
cblr-2872	457	17	"	"	PUNCT
cblr-2872	457	18	futurization	futurization	NOUN
cblr-2872	457	19	of	of	ADP
cblr-2872	457	20	swaps	swap	NOUN
cblr-2872	457	21	"	"	PUNCT
cblr-2872	457	22	(	(	PUNCT
cblr-2872	457	23	jan	jan	PROPN
cblr-2872	457	24	.	.	PROPN
cblr-2872	457	25	18	18	NUM
cblr-2872	457	26	,	,	PUNCT
cblr-2872	457	27	2013	2013	NUM
cblr-2872	457	28	)	)	PUNCT
cblr-2872	457	29	,	,	PUNCT
cblr-2872	457	30	http://www.cftc.gov/pressroom/pressreleases/pr6500-13	http://www.cftc.gov/pressroom/pressreleases/pr6500-13	PROPN
cblr-2872	457	31	.	.	PUNCT
cblr-2872	457	32	specifically	specifically	ADV
cblr-2872	457	33	,	,	PUNCT
cblr-2872	457	34	694	694	NUM
cblr-2872	457	35	[	[	X
cblr-2872	457	36	vol	vol	NOUN
cblr-2872	457	37	.	.	PUNCT
cblr-2872	457	38	2013	2013	NUM
cblr-2872	457	39	regulation	regulation	NOUN
cblr-2872	457	40	through	through	ADP
cblr-2872	457	41	substitution	substitution	NOUN
cblr-2872	457	42	debate	debate	NOUN
cblr-2872	457	43	raged	rage	VERB
cblr-2872	457	44	between	between	ADP
cblr-2872	457	45	proponents	proponent	NOUN
cblr-2872	457	46	of	of	ADP
cblr-2872	457	47	futurization,5	futurization,5	NOUN
cblr-2872	457	48	5	5	NUM
cblr-2872	457	49	its	its	PRON
cblr-2872	457	50	opponents,56	opponents,56	NOUN
cblr-2872	457	51	and	and	CCONJ
cblr-2872	457	52	those	those	PRON
cblr-2872	457	53	who	who	PRON
cblr-2872	457	54	felt	feel	VERB
cblr-2872	457	55	that	that	SCONJ
cblr-2872	457	56	futurization	futurization	NOUN
cblr-2872	457	57	was	be	AUX
cblr-2872	457	58	inevitable	inevitable	ADJ
cblr-2872	457	59	,	,	PUNCT
cblr-2872	457	60	good	good	ADJ
cblr-2872	457	61	or	or	CCONJ
cblr-2872	457	62	bad.57	bad.57	ADJ
cblr-2872	457	63	in	in	ADP
cblr-2872	457	64	general	general	ADJ
cblr-2872	457	65	,	,	PUNCT
cblr-2872	457	66	proponents	proponent	NOUN
cblr-2872	457	67	of	of	ADP
cblr-2872	457	68	futurization	futurization	NOUN
cblr-2872	457	69	laud	laud	VERB
cblr-2872	457	70	it	it	PRON
cblr-2872	457	71	as	as	ADP
cblr-2872	457	72	a	a	DET
cblr-2872	457	73	movement	movement	NOUN
cblr-2872	457	74	of	of	ADP
cblr-2872	457	75	previously	previously	ADV
cblr-2872	457	76	opaque	opaque	ADJ
cblr-2872	457	77	products	product	NOUN
cblr-2872	457	78	to	to	ADP
cblr-2872	457	79	a	a	DET
cblr-2872	457	80	more	more	ADV
cblr-2872	457	81	transparent	transparent	ADJ
cblr-2872	457	82	and	and	CCONJ
cblr-2872	457	83	protected	protect	VERB
cblr-2872	457	84	market	market	NOUN
cblr-2872	457	85	that	that	PRON
cblr-2872	457	86	withstood	withstand	VERB
cblr-2872	457	87	the	the	DET
cblr-2872	457	88	financial	financial	ADJ
cblr-2872	457	89	crisis	crisis	NOUN
cblr-2872	457	90	well	well	ADV
cblr-2872	457	91	.	.	PUNCT
cblr-2872	458	1	opponents	opponent	NOUN
cblr-2872	458	2	of	of	ADP
cblr-2872	458	3	futurization	futurization	NOUN
cblr-2872	458	4	view	view	VERB
cblr-2872	458	5	it	it	PRON
cblr-2872	458	6	as	as	ADP
cblr-2872	458	7	an	an	DET
cblr-2872	458	8	attempt	attempt	NOUN
cblr-2872	458	9	at	at	ADP
cblr-2872	458	10	regulatory	regulatory	ADJ
cblr-2872	458	11	arbitrage	arbitrage	NOUN
cblr-2872	458	12	.	.	PUNCT
cblr-2872	459	1	in	in	ADP
cblr-2872	459	2	this	this	DET
cblr-2872	459	3	article	article	NOUN
cblr-2872	459	4	,	,	PUNCT
cblr-2872	459	5	we	we	PRON
cblr-2872	459	6	take	take	VERB
cblr-2872	459	7	a	a	DET
cblr-2872	459	8	different	different	ADJ
cblr-2872	459	9	approach	approach	NOUN
cblr-2872	459	10	to	to	ADP
cblr-2872	459	11	the	the	DET
cblr-2872	459	12	futurization	futurization	NOUN
cblr-2872	459	13	debate	debate	NOUN
cblr-2872	459	14	.	.	PUNCT
cblr-2872	460	1	we	we	PRON
cblr-2872	460	2	make	make	VERB
cblr-2872	460	3	no	no	DET
cblr-2872	460	4	normative	normative	ADJ
cblr-2872	460	5	judgment	judgment	NOUN
cblr-2872	460	6	as	as	ADP
cblr-2872	460	7	to	to	ADP
cblr-2872	460	8	whether	whether	SCONJ
cblr-2872	460	9	futurization	futurization	NOUN
cblr-2872	460	10	in	in	ADP
cblr-2872	460	11	and	and	CCONJ
cblr-2872	460	12	of	of	ADP
cblr-2872	460	13	itself	itself	PRON
cblr-2872	460	14	is	be	AUX
cblr-2872	460	15	good	good	ADJ
cblr-2872	460	16	or	or	CCONJ
cblr-2872	460	17	bad.18	bad.18	NOUN
cblr-2872	460	18	instead	instead	ADV
cblr-2872	460	19	,	,	PUNCT
cblr-2872	460	20	we	we	PRON
cblr-2872	460	21	seek	seek	VERB
cblr-2872	460	22	to	to	PART
cblr-2872	460	23	explain	explain	VERB
cblr-2872	460	24	futurization	futurization	NOUN
cblr-2872	460	25	through	through	ADP
cblr-2872	460	26	a	a	DET
cblr-2872	460	27	simple	simple	ADJ
cblr-2872	460	28	economic	economic	ADJ
cblr-2872	460	29	model	model	NOUN
cblr-2872	460	30	of	of	ADP
cblr-2872	460	31	regulation	regulation	NOUN
cblr-2872	460	32	through	through	ADP
cblr-2872	460	33	substitution	substitution	NOUN
cblr-2872	460	34	.	.	PUNCT
cblr-2872	461	1	in	in	ADP
cblr-2872	461	2	doing	do	VERB
cblr-2872	461	3	so	so	ADV
cblr-2872	461	4	,	,	PUNCT
cblr-2872	461	5	we	we	PRON
cblr-2872	461	6	seek	seek	VERB
cblr-2872	461	7	to	to	PART
cblr-2872	461	8	provide	provide	VERB
cblr-2872	461	9	the	the	DET
cblr-2872	461	10	cftc	cftc	PROPN
cblr-2872	461	11	and	and	CCONJ
cblr-2872	461	12	other	other	ADJ
cblr-2872	461	13	regulators	regulator	NOUN
cblr-2872	461	14	with	with	ADP
cblr-2872	461	15	a	a	DET
cblr-2872	461	16	tool	tool	NOUN
cblr-2872	461	17	to	to	PART
cblr-2872	461	18	predict	predict	VERB
cblr-2872	461	19	the	the	DET
cblr-2872	461	20	futurization	futurization	NOUN
cblr-2872	461	21	effects	effect	NOUN
cblr-2872	461	22	of	of	ADP
cblr-2872	461	23	their	their	PRON
cblr-2872	461	24	regulations	regulation	NOUN
cblr-2872	461	25	and	and	CCONJ
cblr-2872	461	26	a	a	DET
cblr-2872	461	27	framework	framework	NOUN
cblr-2872	461	28	by	by	ADP
cblr-2872	461	29	which	which	PRON
cblr-2872	461	30	to	to	PART
cblr-2872	461	31	better	well	ADV
cblr-2872	461	32	understand	understand	VERB
cblr-2872	461	33	the	the	DET
cblr-2872	461	34	costs	cost	NOUN
cblr-2872	461	35	and	and	CCONJ
cblr-2872	461	36	benefits	benefit	NOUN
cblr-2872	461	37	of	of	ADP
cblr-2872	461	38	futurization	futurization	NOUN
cblr-2872	461	39	.	.	PUNCT
cblr-2872	462	1	part	part	NOUN
cblr-2872	462	2	iii	iii	NUM
cblr-2872	462	3	introduces	introduce	NOUN
cblr-2872	462	4	our	our	PRON
cblr-2872	462	5	economic	economic	ADJ
cblr-2872	462	6	model	model	NOUN
cblr-2872	462	7	of	of	ADP
cblr-2872	462	8	regulation	regulation	NOUN
cblr-2872	462	9	through	through	ADP
cblr-2872	462	10	substitution	substitution	NOUN
cblr-2872	462	11	.	.	PUNCT
cblr-2872	463	1	iii	iii	X
cblr-2872	463	2	.	.	PUNCT
cblr-2872	464	1	a	a	DET
cblr-2872	464	2	model	model	NOUN
cblr-2872	464	3	of	of	ADP
cblr-2872	464	4	regulation	regulation	NOUN
cblr-2872	464	5	through	through	ADP
cblr-2872	464	6	substitution	substitution	NOUN
cblr-2872	464	7	:	:	PUNCT
cblr-2872	464	8	absolute	absolute	ADJ
cblr-2872	464	9	vs.	vs.	ADP
cblr-2872	464	10	relative	relative	ADJ
cblr-2872	464	11	costs	cost	NOUN
cblr-2872	464	12	of	of	ADP
cblr-2872	464	13	regulation	regulation	NOUN
cblr-2872	464	14	as	as	SCONJ
cblr-2872	464	15	described	describe	VERB
cblr-2872	464	16	above	above	ADV
cblr-2872	464	17	,	,	PUNCT
cblr-2872	464	18	the	the	DET
cblr-2872	464	19	cftc	cftc	PROPN
cblr-2872	464	20	is	be	AUX
cblr-2872	464	21	now	now	ADV
cblr-2872	464	22	charged	charge	VERB
cblr-2872	464	23	with	with	ADP
cblr-2872	464	24	implementing	implement	VERB
cblr-2872	464	25	and	and	CCONJ
cblr-2872	464	26	operating	operate	VERB
cblr-2872	464	27	different	different	ADJ
cblr-2872	464	28	regulatory	regulatory	ADJ
cblr-2872	464	29	regimes	regime	NOUN
cblr-2872	464	30	for	for	ADP
cblr-2872	464	31	futures	future	NOUN
cblr-2872	464	32	and	and	CCONJ
cblr-2872	464	33	swaps	swap	NOUN
cblr-2872	464	34	,	,	PUNCT
cblr-2872	464	35	which	which	PRON
cblr-2872	464	36	are	be	AUX
cblr-2872	464	37	economically	economically	ADV
cblr-2872	464	38	similar	similar	ADJ
cblr-2872	464	39	or	or	CCONJ
cblr-2872	464	40	panels	panel	NOUN
cblr-2872	464	41	were	be	AUX
cblr-2872	464	42	held	hold	VERB
cblr-2872	464	43	on	on	ADP
cblr-2872	464	44	"	"	PUNCT
cblr-2872	464	45	[	[	X
cblr-2872	464	46	g]eneral	g]eneral	ADJ
cblr-2872	464	47	industry	industry	NOUN
cblr-2872	464	48	views	view	NOUN
cblr-2872	464	49	and	and	CCONJ
cblr-2872	464	50	concerns	concern	NOUN
cblr-2872	464	51	regarding	regard	VERB
cblr-2872	464	52	the	the	DET
cblr-2872	464	53	futurization	futurization	NOUN
cblr-2872	464	54	of	of	ADP
cblr-2872	464	55	swaps	swap	NOUN
cblr-2872	464	56	in	in	ADP
cblr-2872	464	57	different	different	ADJ
cblr-2872	464	58	asset	asset	NOUN
cblr-2872	464	59	classes	class	NOUN
cblr-2872	464	60	,	,	PUNCT
cblr-2872	464	61	"	"	PUNCT
cblr-2872	464	62	"	"	PUNCT
cblr-2872	464	63	[	[	X
cblr-2872	464	64	c]learing	c]learing	NOUN
cblr-2872	464	65	and	and	CCONJ
cblr-2872	464	66	different	different	ADJ
cblr-2872	464	67	margin	margin	NOUN
cblr-2872	464	68	requirements	requirement	NOUN
cblr-2872	464	69	for	for	ADP
cblr-2872	464	70	swaps	swap	NOUN
cblr-2872	464	71	and	and	CCONJ
cblr-2872	464	72	futures	future	NOUN
cblr-2872	464	73	,	,	PUNCT
cblr-2872	464	74	"	"	PUNCT
cblr-2872	464	75	"	"	PUNCT
cblr-2872	464	76	[	[	X
cblr-2872	464	77	t]ransaction	t]ransaction	NOUN
cblr-2872	464	78	-	-	PUNCT
cblr-2872	464	79	related	relate	VERB
cblr-2872	464	80	matters	matter	NOUN
cblr-2872	464	81	including	include	VERB
cblr-2872	464	82	appropriate	appropriate	ADJ
cblr-2872	464	83	block	block	NOUN
cblr-2872	464	84	rules	rule	NOUN
cblr-2872	464	85	for	for	ADP
cblr-2872	464	86	swaps	swap	NOUN
cblr-2872	464	87	and	and	CCONJ
cblr-2872	464	88	futures	future	NOUN
cblr-2872	464	89	"	"	PUNCT
cblr-2872	464	90	and	and	CCONJ
cblr-2872	464	91	"	"	PUNCT
cblr-2872	464	92	[	[	X
cblr-2872	464	93	t]he	t]he	ADJ
cblr-2872	464	94	effect	effect	NOUN
cblr-2872	464	95	of	of	ADP
cblr-2872	464	96	the	the	DET
cblr-2872	464	97	conversion	conversion	NOUN
cblr-2872	464	98	of	of	ADP
cblr-2872	464	99	swaps	swap	NOUN
cblr-2872	464	100	to	to	ADP
cblr-2872	464	101	futures	future	NOUN
cblr-2872	464	102	on	on	ADP
cblr-2872	464	103	end	end	NOUN
cblr-2872	464	104	-	-	PUNCT
cblr-2872	464	105	users	user	NOUN
cblr-2872	464	106	.	.	PUNCT
cblr-2872	464	107	"	"	PUNCT
cblr-2872	465	1	55	55	NUM
cblr-2872	465	2	see	see	VERB
cblr-2872	465	3	cliff	cliff	PROPN
cblr-2872	465	4	lewis	lewis	PROPN
cblr-2872	465	5	and	and	CCONJ
cblr-2872	465	6	bryan	bryan	PROPN
cblr-2872	465	7	durkin	durkin	PROPN
cblr-2872	465	8	,	,	PUNCT
cblr-2872	465	9	panelists	panelist	NOUN
cblr-2872	465	10	,	,	PUNCT
cblr-2872	465	11	cftc	cftc	PROPN
cblr-2872	465	12	roundtable	roundtable	NOUN
cblr-2872	465	13	,	,	PUNCT
cblr-2872	465	14	supra	supra	PROPN
cblr-2872	465	15	note	note	NOUN
cblr-2872	465	16	3	3	NUM
cblr-2872	465	17	at	at	ADP
cblr-2872	465	18	59	59	NUM
cblr-2872	465	19	-	-	SYM
cblr-2872	465	20	64	64	NUM
cblr-2872	465	21	;	;	PUNCT
cblr-2872	465	22	94	94	NUM
cblr-2872	465	23	-	-	SYM
cblr-2872	465	24	95	95	NUM
cblr-2872	465	25	.	.	PUNCT
cblr-2872	466	1	56	56	NUM
cblr-2872	466	2	see	see	VERB
cblr-2872	466	3	george	george	PROPN
cblr-2872	466	4	harrington	harrington	PROPN
cblr-2872	466	5	,	,	PUNCT
cblr-2872	466	6	lee	lee	PROPN
cblr-2872	466	7	olesky	olesky	PROPN
cblr-2872	466	8	,	,	PUNCT
cblr-2872	466	9	jeffrey	jeffrey	PROPN
cblr-2872	466	10	maron	maron	PROPN
cblr-2872	466	11	,	,	PUNCT
cblr-2872	466	12	and	and	CCONJ
cblr-2872	466	13	chris	chris	PROPN
cblr-2872	466	14	ferreri	ferreri	PROPN
cblr-2872	466	15	,	,	PUNCT
cblr-2872	466	16	panelists	panelist	NOUN
cblr-2872	466	17	,	,	PUNCT
cblr-2872	466	18	i	i	PRON
cblr-2872	466	19	d.	d.	VERB
cblr-2872	466	20	at	at	ADP
cblr-2872	466	21	41	41	NUM
cblr-2872	466	22	-	-	SYM
cblr-2872	466	23	54	54	NUM
cblr-2872	466	24	;	;	PUNCT
cblr-2872	466	25	73	73	NUM
cblr-2872	466	26	-	-	SYM
cblr-2872	466	27	79	79	NUM
cblr-2872	466	28	.	.	PUNCT
cblr-2872	467	1	57	57	NUM
cblr-2872	467	2	see	see	VERB
cblr-2872	467	3	bart	bart	PROPN
cblr-2872	467	4	chilton	chilton	PROPN
cblr-2872	467	5	and	and	CCONJ
cblr-2872	467	6	will	will	AUX
cblr-2872	467	7	rhode	rhode	PROPN
cblr-2872	467	8	,	,	PUNCT
cblr-2872	467	9	i	i	PRON
cblr-2872	467	10	d.	d.	VERB
cblr-2872	467	11	at	at	ADP
cblr-2872	467	12	24	24	NUM
cblr-2872	467	13	-	-	SYM
cblr-2872	467	14	25	25	NUM
cblr-2872	467	15	;	;	PUNCT
cblr-2872	467	16	54	54	NUM
cblr-2872	467	17	-	-	SYM
cblr-2872	467	18	58	58	NUM
cblr-2872	467	19	.	.	PUNCT
cblr-2872	468	1	58	58	NUM
cblr-2872	468	2	we	we	PRON
cblr-2872	468	3	are	be	AUX
cblr-2872	468	4	,	,	PUNCT
cblr-2872	468	5	of	of	ADP
cblr-2872	468	6	course	course	NOUN
cblr-2872	468	7	,	,	PUNCT
cblr-2872	468	8	not	not	PART
cblr-2872	468	9	the	the	DET
cblr-2872	468	10	first	first	ADJ
cblr-2872	468	11	to	to	PART
cblr-2872	468	12	take	take	VERB
cblr-2872	468	13	this	this	DET
cblr-2872	468	14	view	view	NOUN
cblr-2872	468	15	.	.	PUNCT
cblr-2872	469	1	for	for	ADP
cblr-2872	469	2	example	example	NOUN
cblr-2872	469	3	,	,	PUNCT
cblr-2872	469	4	mark	mark	PROPN
cblr-2872	469	5	carney	carney	PROPN
cblr-2872	469	6	,	,	PUNCT
cblr-2872	469	7	head	head	NOUN
cblr-2872	469	8	of	of	ADP
cblr-2872	469	9	the	the	DET
cblr-2872	469	10	financial	financial	ADJ
cblr-2872	469	11	stability	stability	NOUN
cblr-2872	469	12	board	board	NOUN
cblr-2872	469	13	and	and	CCONJ
cblr-2872	469	14	now	now	ADV
cblr-2872	469	15	incoming	incoming	ADJ
cblr-2872	469	16	governor	governor	NOUN
cblr-2872	469	17	of	of	ADP
cblr-2872	469	18	the	the	DET
cblr-2872	469	19	bank	bank	PROPN
cblr-2872	469	20	of	of	ADP
cblr-2872	469	21	england	england	PROPN
cblr-2872	469	22	,	,	PUNCT
cblr-2872	469	23	noted	note	VERB
cblr-2872	469	24	that	that	SCONJ
cblr-2872	469	25	'	'	PUNCT
cblr-2872	469	26	[	[	X
cblr-2872	469	27	fluturization	fluturization	NOUN
cblr-2872	469	28	is	be	AUX
cblr-2872	469	29	not	not	PART
cblr-2872	469	30	necessarily	necessarily	ADV
cblr-2872	469	31	a	a	DET
cblr-2872	469	32	bad	bad	ADJ
cblr-2872	469	33	thing	thing	NOUN
cblr-2872	469	34	'	'	PUNCT
cblr-2872	469	35	if	if	SCONJ
cblr-2872	469	36	it	it	PRON
cblr-2872	469	37	is	be	AUX
cblr-2872	469	38	consistent	consistent	ADJ
cblr-2872	469	39	with	with	ADP
cblr-2872	469	40	the	the	DET
cblr-2872	469	41	[	[	X
cblr-2872	469	42	financial	financial	ADJ
cblr-2872	469	43	stability	stability	NOUN
cblr-2872	469	44	board	board	PROPN
cblr-2872	469	45	's	's	PART
cblr-2872	469	46	]	]	PUNCT
cblr-2872	469	47	changes	change	NOUN
cblr-2872	469	48	.	.	PUNCT
cblr-2872	469	49	.	.	PUNCT
cblr-2872	469	50	.	.	PUNCT
cblr-2872	469	51	.	.	PUNCT
cblr-2872	470	1	'	'	PUNCT
cblr-2872	470	2	that	that	PRON
cblr-2872	470	3	said	say	VERB
cblr-2872	470	4	,	,	PUNCT
cblr-2872	470	5	we	we	PRON
cblr-2872	470	6	are	be	AUX
cblr-2872	470	7	not	not	PART
cblr-2872	470	8	trying	try	VERB
cblr-2872	470	9	to	to	PART
cblr-2872	470	10	futurize	futurize	VERB
cblr-2872	470	11	everything	everything	PRON
cblr-2872	470	12	.	.	PUNCT
cblr-2872	471	1	we	we	PRON
cblr-2872	471	2	leave	leave	VERB
cblr-2872	471	3	it	it	PRON
cblr-2872	471	4	to	to	ADP
cblr-2872	471	5	the	the	DET
cblr-2872	471	6	market	market	NOUN
cblr-2872	471	7	to	to	PART
cblr-2872	471	8	adjust	adjust	VERB
cblr-2872	471	9	.	.	PUNCT
cblr-2872	472	1	"	"	PUNCT
cblr-2872	472	2	'	'	PUNCT
cblr-2872	472	3	brush	brush	NOUN
cblr-2872	472	4	,	,	PUNCT
cblr-2872	472	5	supra	supra	ADJ
cblr-2872	472	6	note	note	NOUN
cblr-2872	472	7	2	2	NUM
cblr-2872	472	8	.	.	PUNCT
cblr-2872	473	1	no	no	INTJ
cblr-2872	473	2	.	.	PUNCT
cblr-2872	474	1	3:667	3:667	NUM
cblr-2872	474	2	]	]	PUNCT
cblr-2872	474	3	695	695	NUM
cblr-2872	474	4	columbia	columbia	PROPN
cblr-2872	474	5	business	business	NOUN
cblr-2872	474	6	law	law	PROPN
cblr-2872	474	7	review	review	VERB
cblr-2872	474	8	identical	identical	ADJ
cblr-2872	474	9	financial	financial	ADJ
cblr-2872	474	10	products	product	NOUN
cblr-2872	474	11	.	.	PUNCT
cblr-2872	475	1	some	some	PRON
cblr-2872	475	2	of	of	ADP
cblr-2872	475	3	the	the	DET
cblr-2872	475	4	usual	usual	ADJ
cblr-2872	475	5	reasons	reason	NOUN
cblr-2872	475	6	for	for	ADP
cblr-2872	475	7	differences	difference	NOUN
cblr-2872	475	8	in	in	ADP
cblr-2872	475	9	regulation	regulation	NOUN
cblr-2872	475	10	of	of	ADP
cblr-2872	475	11	identical	identical	ADJ
cblr-2872	475	12	products	product	NOUN
cblr-2872	475	13	-	-	PUNCT
cblr-2872	475	14	regulators	regulator	NOUN
cblr-2872	475	15	with	with	ADP
cblr-2872	475	16	different	different	ADJ
cblr-2872	475	17	missions	mission	NOUN
cblr-2872	475	18	;	;	PUNCT
cblr-2872	475	19	different	different	ADJ
cblr-2872	475	20	scopes	scope	NOUN
cblr-2872	475	21	of	of	ADP
cblr-2872	475	22	authority	authority	NOUN
cblr-2872	475	23	;	;	PUNCT
cblr-2872	475	24	or	or	CCONJ
cblr-2872	475	25	different	different	ADJ
cblr-2872	475	26	philosophies	philosophy	NOUN
cblr-2872	475	27	,	,	PUNCT
cblr-2872	475	28	approaches	approach	NOUN
cblr-2872	475	29	,	,	PUNCT
cblr-2872	475	30	or	or	CCONJ
cblr-2872	475	31	views	view	NOUN
cblr-2872	475	32	-	-	PUNCT
cblr-2872	475	33	are	be	AUX
cblr-2872	475	34	not	not	PART
cblr-2872	475	35	present	present	ADJ
cblr-2872	475	36	here	here	ADV
cblr-2872	475	37	.	.	PUNCT
cblr-2872	476	1	instead	instead	ADV
cblr-2872	476	2	,	,	PUNCT
cblr-2872	476	3	differences	difference	NOUN
cblr-2872	476	4	in	in	ADP
cblr-2872	476	5	the	the	DET
cblr-2872	476	6	regulation	regulation	NOUN
cblr-2872	476	7	of	of	ADP
cblr-2872	476	8	the	the	DET
cblr-2872	476	9	futures	future	NOUN
cblr-2872	476	10	and	and	CCONJ
cblr-2872	476	11	swap	swap	NOUN
cblr-2872	476	12	markets	market	NOUN
cblr-2872	476	13	are	be	AUX
cblr-2872	476	14	a	a	DET
cblr-2872	476	15	result	result	NOUN
cblr-2872	476	16	of	of	ADP
cblr-2872	476	17	historical	historical	ADJ
cblr-2872	476	18	and	and	CCONJ
cblr-2872	476	19	legislative	legislative	ADJ
cblr-2872	476	20	chance	chance	NOUN
cblr-2872	476	21	.	.	PUNCT
cblr-2872	477	1	this	this	DET
cblr-2872	477	2	part	part	NOUN
cblr-2872	477	3	seeks	seek	VERB
cblr-2872	477	4	to	to	PART
cblr-2872	477	5	provide	provide	VERB
cblr-2872	477	6	a	a	DET
cblr-2872	477	7	more	more	ADV
cblr-2872	477	8	formal	formal	ADJ
cblr-2872	477	9	,	,	PUNCT
cblr-2872	477	10	though	though	SCONJ
cblr-2872	477	11	necessarily	necessarily	ADV
cblr-2872	477	12	highly	highly	ADV
cblr-2872	477	13	stylized	stylize	VERB
cblr-2872	477	14	,	,	PUNCT
cblr-2872	477	15	framework	framework	NOUN
cblr-2872	477	16	by	by	ADP
cblr-2872	477	17	which	which	PRON
cblr-2872	477	18	to	to	PART
cblr-2872	477	19	assess	assess	VERB
cblr-2872	477	20	futurization	futurization	NOUN
cblr-2872	477	21	.	.	PUNCT
cblr-2872	478	1	we	we	PRON
cblr-2872	478	2	start	start	VERB
cblr-2872	478	3	our	our	PRON
cblr-2872	478	4	model	model	NOUN
cblr-2872	478	5	with	with	ADP
cblr-2872	478	6	a	a	DET
cblr-2872	478	7	single	single	ADJ
cblr-2872	478	8	product	product	NOUN
cblr-2872	478	9	:	:	PUNCT
cblr-2872	478	10	product	product	NOUN
cblr-2872	478	11	a.	a.	NOUN
cblr-2872	478	12	in	in	ADP
cblr-2872	478	13	our	our	PRON
cblr-2872	478	14	framework	framework	NOUN
cblr-2872	478	15	,	,	PUNCT
cblr-2872	478	16	the	the	DET
cblr-2872	478	17	net	net	ADJ
cblr-2872	478	18	benefit	benefit	NOUN
cblr-2872	478	19	to	to	ADP
cblr-2872	478	20	a	a	DET
cblr-2872	478	21	market	market	NOUN
cblr-2872	478	22	participant	participant	NOUN
cblr-2872	478	23	of	of	ADP
cblr-2872	478	24	trading	trading	NOUN
cblr-2872	478	25	product	product	NOUN
cblr-2872	478	26	a	a	PRON
cblr-2872	478	27	depends	depend	VERB
cblr-2872	478	28	on	on	ADP
cblr-2872	478	29	the	the	DET
cblr-2872	478	30	economic	economic	ADJ
cblr-2872	478	31	benefits	benefit	NOUN
cblr-2872	478	32	of	of	ADP
cblr-2872	478	33	the	the	DET
cblr-2872	478	34	transaction	transaction	NOUN
cblr-2872	478	35	and	and	CCONJ
cblr-2872	478	36	the	the	DET
cblr-2872	478	37	costs	cost	NOUN
cblr-2872	478	38	of	of	ADP
cblr-2872	478	39	the	the	DET
cblr-2872	478	40	product	product	NOUN
cblr-2872	478	41	:	:	PUNCT
cblr-2872	478	42	initial	initial	ADJ
cblr-2872	478	43	regulatory	regulatory	ADJ
cblr-2872	478	44	new	new	ADJ
cblr-2872	478	45	cost	cost	NOUN
cblr-2872	478	46	of	of	ADP
cblr-2872	478	47	product	product	NOUN
cblr-2872	478	48	a	a	DET
cblr-2872	478	49	cost	cost	NOUN
cblr-2872	478	50	negative	negative	ADJ
cblr-2872	478	51	net	net	ADJ
cblr-2872	478	52	benefit	benefit	NOUN
cblr-2872	478	53	positive	positive	ADJ
cblr-2872	478	54	net	net	ADJ
cblr-2872	478	55	benefit	benefit	NOUN
cblr-2872	478	56	(	(	PUNCT
cblr-2872	478	57	transaction	transaction	NOUN
cblr-2872	478	58	will	will	AUX
cblr-2872	478	59	not	not	PART
cblr-2872	478	60	(	(	PUNCT
cblr-2872	478	61	transaction	transaction	NOUN
cblr-2872	478	62	will	will	AUX
cblr-2872	478	63	occur	occur	VERB
cblr-2872	478	64	)	)	PUNCT
cblr-2872	478	65	/	/	SYM
cblr-2872	478	66	occur	occur	VERB
cblr-2872	478	67	)	)	PUNCT
cblr-2872	478	68	lost	lose	VERB
cblr-2872	478	69	transactions	transaction	NOUN
cblr-2872	478	70	due	due	ADJ
cblr-2872	478	71	to	to	ADP
cblr-2872	478	72	increased	increase	VERB
cblr-2872	478	73	costs	cost	NOUN
cblr-2872	478	74	net	net	ADJ
cblr-2872	478	75	benefit	benefit	NOUN
cblr-2872	478	76	product	product	NOUN
cblr-2872	478	77	a	a	DET
cblr-2872	478	78	=	=	X
cblr-2872	478	79	economic	economic	ADJ
cblr-2872	478	80	benefit	benefit	NOUN
cblr-2872	478	81	product	product	NOUN
cblr-2872	478	82	a	a	DET
cblr-2872	478	83	costs	cost	NOUN
cblr-2872	478	84	product	product	NOUN
cblr-2872	478	85	a	a	DET
cblr-2872	478	86	the	the	DET
cblr-2872	478	87	market	market	NOUN
cblr-2872	478	88	participant	participant	NOUN
cblr-2872	478	89	will	will	AUX
cblr-2872	478	90	transact	transact	VERB
cblr-2872	478	91	in	in	ADP
cblr-2872	478	92	product	product	NOUN
cblr-2872	478	93	a	a	PRON
cblr-2872	478	94	if	if	SCONJ
cblr-2872	478	95	the	the	DET
cblr-2872	478	96	net	net	ADJ
cblr-2872	478	97	benefit	benefit	NOUN
cblr-2872	478	98	is	be	AUX
cblr-2872	478	99	positive	positive	ADJ
cblr-2872	478	100	-	-	PUNCT
cblr-2872	478	101	that	that	ADV
cblr-2872	478	102	is	be	AUX
cblr-2872	478	103	,	,	PUNCT
cblr-2872	478	104	if	if	SCONJ
cblr-2872	478	105	the	the	DET
cblr-2872	478	106	economic	economic	ADJ
cblr-2872	478	107	benefit	benefit	NOUN
cblr-2872	478	108	is	be	AUX
cblr-2872	478	109	greater	great	ADJ
cblr-2872	478	110	than	than	ADP
cblr-2872	478	111	the	the	DET
cblr-2872	478	112	costs	cost	NOUN
cblr-2872	478	113	.	.	PUNCT
cblr-2872	479	1	if	if	SCONJ
cblr-2872	479	2	the	the	DET
cblr-2872	479	3	regulatory	regulatory	ADJ
cblr-2872	479	4	cost	cost	NOUN
cblr-2872	479	5	of	of	ADP
cblr-2872	479	6	product	product	NOUN
cblr-2872	479	7	a	a	DET
cblr-2872	479	8	increases	increase	NOUN
cblr-2872	479	9	,	,	PUNCT
cblr-2872	479	10	including	include	VERB
cblr-2872	479	11	through	through	ADP
cblr-2872	479	12	the	the	DET
cblr-2872	479	13	introduction	introduction	NOUN
cblr-2872	479	14	of	of	ADP
cblr-2872	479	15	new	new	ADJ
cblr-2872	479	16	regulation	regulation	NOUN
cblr-2872	479	17	,	,	PUNCT
cblr-2872	479	18	the	the	DET
cblr-2872	479	19	net	net	ADJ
cblr-2872	479	20	benefit	benefit	NOUN
cblr-2872	479	21	of	of	ADP
cblr-2872	479	22	product	product	NOUN
cblr-2872	479	23	a	a	PRON
cblr-2872	479	24	will	will	AUX
cblr-2872	479	25	decrease	decrease	VERB
cblr-2872	479	26	.	.	PUNCT
cblr-2872	480	1	depending	depend	VERB
cblr-2872	480	2	on	on	ADP
cblr-2872	480	3	the	the	DET
cblr-2872	480	4	magnitude	magnitude	NOUN
cblr-2872	480	5	of	of	ADP
cblr-2872	480	6	the	the	DET
cblr-2872	480	7	economic	economic	ADJ
cblr-2872	480	8	benefit	benefit	NOUN
cblr-2872	480	9	and	and	CCONJ
cblr-2872	480	10	the	the	DET
cblr-2872	480	11	magnitude	magnitude	NOUN
cblr-2872	480	12	of	of	ADP
cblr-2872	480	13	the	the	DET
cblr-2872	480	14	cost	cost	NOUN
cblr-2872	480	15	increase	increase	NOUN
cblr-2872	480	16	,	,	PUNCT
cblr-2872	480	17	some	some	DET
cblr-2872	480	18	transactions	transaction	NOUN
cblr-2872	480	19	in	in	ADP
cblr-2872	480	20	product	product	NOUN
cblr-2872	480	21	a	a	PRON
cblr-2872	480	22	that	that	PRON
cblr-2872	480	23	would	would	AUX
cblr-2872	480	24	have	have	AUX
cblr-2872	480	25	occurred	occur	VERB
cblr-2872	480	26	in	in	ADP
cblr-2872	480	27	the	the	DET
cblr-2872	480	28	absence	absence	NOUN
cblr-2872	480	29	of	of	ADP
cblr-2872	480	30	the	the	DET
cblr-2872	480	31	new	new	ADJ
cblr-2872	480	32	regulation	regulation	NOUN
cblr-2872	480	33	will	will	AUX
cblr-2872	480	34	not	not	PART
cblr-2872	480	35	occur	occur	VERB
cblr-2872	480	36	following	follow	VERB
cblr-2872	480	37	the	the	DET
cblr-2872	480	38	imposition	imposition	NOUN
cblr-2872	480	39	of	of	ADP
cblr-2872	480	40	the	the	DET
cblr-2872	480	41	regulation	regulation	NOUN
cblr-2872	480	42	.	.	PUNCT
cblr-2872	481	1	9	9	NUM
cblr-2872	481	2	59	59	NUM
cblr-2872	481	3	in	in	ADP
cblr-2872	481	4	this	this	DET
cblr-2872	481	5	sense	sense	NOUN
cblr-2872	481	6	,	,	PUNCT
cblr-2872	481	7	a	a	DET
cblr-2872	481	8	regulatory	regulatory	ADJ
cblr-2872	481	9	cost	cost	NOUN
cblr-2872	481	10	is	be	AUX
cblr-2872	481	11	just	just	ADV
cblr-2872	481	12	another	another	DET
cblr-2872	481	13	transaction	transaction	NOUN
cblr-2872	481	14	cost	cost	NOUN
cblr-2872	481	15	.	.	PUNCT
cblr-2872	482	1	see	see	VERB
cblr-2872	482	2	r.h	r.h	PROPN
cblr-2872	482	3	.	.	PROPN
cblr-2872	482	4	coase	coase	PROPN
cblr-2872	482	5	,	,	PUNCT
cblr-2872	482	6	the	the	DET
cblr-2872	482	7	nature	nature	NOUN
cblr-2872	482	8	of	of	ADP
cblr-2872	482	9	the	the	DET
cblr-2872	482	10	firm	firm	NOUN
cblr-2872	482	11	,	,	PUNCT
cblr-2872	482	12	4	4	NUM
cblr-2872	482	13	economica	economica	PROPN
cblr-2872	482	14	386	386	NUM
cblr-2872	482	15	(	(	PUNCT
cblr-2872	482	16	1937	1937	NUM
cblr-2872	482	17	)	)	PUNCT
cblr-2872	482	18	.	.	PUNCT
cblr-2872	483	1	696	696	NUM
cblr-2872	484	1	[	[	X
cblr-2872	484	2	vol	vol	NOUN
cblr-2872	484	3	.	.	PUNCT
cblr-2872	484	4	2013	2013	NUM
cblr-2872	484	5	however	however	ADV
cblr-2872	484	6	,	,	PUNCT
cblr-2872	484	7	where	where	SCONJ
cblr-2872	484	8	there	there	PRON
cblr-2872	484	9	is	be	VERB
cblr-2872	484	10	an	an	DET
cblr-2872	484	11	economically	economically	ADV
cblr-2872	484	12	equivalent	equivalent	ADJ
cblr-2872	484	13	substitute	substitute	NOUN
cblr-2872	484	14	for	for	ADP
cblr-2872	484	15	product	product	NOUN
cblr-2872	484	16	a	a	DET
cblr-2872	484	17	(	(	PUNCT
cblr-2872	484	18	in	in	ADP
cblr-2872	484	19	our	our	PRON
cblr-2872	484	20	framework	framework	NOUN
cblr-2872	484	21	,	,	PUNCT
cblr-2872	484	22	product	product	NOUN
cblr-2872	484	23	b	b	PROPN
cblr-2872	484	24	)	)	PUNCT
cblr-2872	484	25	,	,	PUNCT
cblr-2872	484	26	an	an	DET
cblr-2872	484	27	increase	increase	NOUN
cblr-2872	484	28	in	in	ADP
cblr-2872	484	29	the	the	DET
cblr-2872	484	30	cost	cost	NOUN
cblr-2872	484	31	of	of	ADP
cblr-2872	484	32	product	product	NOUN
cblr-2872	484	33	a	a	PRON
cblr-2872	484	34	with	with	ADP
cblr-2872	484	35	no	no	DET
cblr-2872	484	36	change	change	NOUN
cblr-2872	484	37	in	in	ADP
cblr-2872	484	38	the	the	DET
cblr-2872	484	39	cost	cost	NOUN
cblr-2872	484	40	of	of	ADP
cblr-2872	484	41	product	product	NOUN
cblr-2872	484	42	b	b	NOUN
cblr-2872	484	43	will	will	AUX
cblr-2872	484	44	have	have	VERB
cblr-2872	484	45	two	two	NUM
cblr-2872	484	46	effects	effect	NOUN
cblr-2872	484	47	.	.	PUNCT
cblr-2872	485	1	first	first	ADV
cblr-2872	485	2	,	,	PUNCT
cblr-2872	485	3	some	some	DET
cblr-2872	485	4	transactions	transaction	NOUN
cblr-2872	485	5	in	in	ADP
cblr-2872	485	6	product	product	NOUN
cblr-2872	485	7	a	a	PRON
cblr-2872	485	8	will	will	AUX
cblr-2872	485	9	be	be	AUX
cblr-2872	485	10	"	"	PUNCT
cblr-2872	485	11	lost	lose	VERB
cblr-2872	485	12	"	"	PUNCT
cblr-2872	485	13	;	;	PUNCT
cblr-2872	485	14	they	they	PRON
cblr-2872	485	15	will	will	AUX
cblr-2872	485	16	no	no	ADV
cblr-2872	485	17	longer	long	ADV
cblr-2872	485	18	be	be	AUX
cblr-2872	485	19	conducted	conduct	VERB
cblr-2872	485	20	in	in	ADP
cblr-2872	485	21	product	product	NOUN
cblr-2872	485	22	a	a	NOUN
cblr-2872	485	23	,	,	PUNCT
cblr-2872	485	24	and	and	CCONJ
cblr-2872	485	25	will	will	AUX
cblr-2872	485	26	not	not	PART
cblr-2872	485	27	be	be	AUX
cblr-2872	485	28	transferred	transfer	VERB
cblr-2872	485	29	to	to	ADP
cblr-2872	485	30	product	product	NOUN
cblr-2872	485	31	b	b	NOUN
cblr-2872	485	32	,	,	PUNCT
cblr-2872	485	33	because	because	SCONJ
cblr-2872	485	34	transacting	transact	VERB
cblr-2872	485	35	in	in	ADP
cblr-2872	485	36	product	product	NOUN
cblr-2872	485	37	a	a	PRON
cblr-2872	485	38	no	no	ADV
cblr-2872	485	39	longer	long	ADV
cblr-2872	485	40	has	have	VERB
cblr-2872	485	41	a	a	DET
cblr-2872	485	42	positive	positive	ADJ
cblr-2872	485	43	net	net	ADJ
cblr-2872	485	44	benefit	benefit	NOUN
cblr-2872	485	45	and	and	CCONJ
cblr-2872	485	46	transacting	transact	VERB
cblr-2872	485	47	in	in	ADP
cblr-2872	485	48	product	product	NOUN
cblr-2872	485	49	b	b	NOUN
cblr-2872	485	50	does	do	AUX
cblr-2872	485	51	not	not	PART
cblr-2872	485	52	have	have	VERB
cblr-2872	485	53	a	a	DET
cblr-2872	485	54	positive	positive	ADJ
cblr-2872	485	55	net	net	ADJ
cblr-2872	485	56	benefit	benefit	NOUN
cblr-2872	485	57	.	.	PUNCT
cblr-2872	486	1	second	second	ADJ
cblr-2872	486	2	,	,	PUNCT
cblr-2872	486	3	some	some	DET
cblr-2872	486	4	transactions	transaction	NOUN
cblr-2872	486	5	in	in	ADP
cblr-2872	486	6	product	product	NOUN
cblr-2872	486	7	a	a	PRON
cblr-2872	486	8	will	will	AUX
cblr-2872	486	9	now	now	ADV
cblr-2872	486	10	be	be	AUX
cblr-2872	486	11	"	"	PUNCT
cblr-2872	486	12	transferred	transfer	VERB
cblr-2872	486	13	"	"	PUNCT
cblr-2872	486	14	to	to	ADP
cblr-2872	486	15	product	product	NOUN
cblr-2872	486	16	b.	b.	PROPN
cblr-2872	486	17	specifically	specifically	ADV
cblr-2872	486	18	,	,	PUNCT
cblr-2872	486	19	these	these	PRON
cblr-2872	486	20	are	be	AUX
cblr-2872	486	21	transactions	transaction	NOUN
cblr-2872	486	22	for	for	ADP
cblr-2872	486	23	which	which	PRON
cblr-2872	486	24	both	both	DET
cblr-2872	486	25	product	product	NOUN
cblr-2872	486	26	a	a	PRON
cblr-2872	486	27	and	and	CCONJ
cblr-2872	486	28	product	product	NOUN
cblr-2872	486	29	b	b	PROPN
cblr-2872	486	30	had	have	VERB
cblr-2872	486	31	a	a	DET
cblr-2872	486	32	positive	positive	ADJ
cblr-2872	486	33	net	net	ADJ
cblr-2872	486	34	benefit	benefit	NOUN
cblr-2872	486	35	before	before	ADP
cblr-2872	486	36	the	the	DET
cblr-2872	486	37	new	new	ADJ
cblr-2872	486	38	regulation	regulation	NOUN
cblr-2872	486	39	,	,	PUNCT
cblr-2872	486	40	and	and	CCONJ
cblr-2872	486	41	product	product	VERB
cblr-2872	486	42	a	a	PRON
cblr-2872	486	43	's	's	PART
cblr-2872	486	44	net	net	ADJ
cblr-2872	486	45	benefit	benefit	NOUN
cblr-2872	486	46	was	be	AUX
cblr-2872	486	47	greater	great	ADJ
cblr-2872	486	48	than	than	ADP
cblr-2872	486	49	that	that	PRON
cblr-2872	486	50	of	of	ADP
cblr-2872	486	51	product	product	NOUN
cblr-2872	486	52	b	b	PROPN
cblr-2872	486	53	before	before	ADP
cblr-2872	486	54	the	the	DET
cblr-2872	486	55	new	new	ADJ
cblr-2872	486	56	regulation	regulation	NOUN
cblr-2872	486	57	,	,	PUNCT
cblr-2872	486	58	but	but	CCONJ
cblr-2872	486	59	for	for	ADP
cblr-2872	486	60	which	which	DET
cblr-2872	486	61	product	product	NOUN
cblr-2872	486	62	a	a	PRON
cblr-2872	486	63	now	now	ADV
cblr-2872	486	64	has	have	VERB
cblr-2872	486	65	a	a	DET
cblr-2872	486	66	smaller	small	ADJ
cblr-2872	486	67	net	net	ADJ
cblr-2872	486	68	benefit	benefit	NOUN
cblr-2872	486	69	than	than	ADP
cblr-2872	486	70	product	product	NOUN
cblr-2872	486	71	b.	b.	PROPN
cblr-2872	486	72	"o	"o	PROPN
cblr-2872	486	73	60	60	NUM
cblr-2872	486	74	most	most	ADV
cblr-2872	486	75	often	often	ADV
cblr-2872	486	76	,	,	PUNCT
cblr-2872	486	77	the	the	DET
cblr-2872	486	78	tradeoff	tradeoff	NOUN
cblr-2872	486	79	between	between	ADP
cblr-2872	486	80	two	two	NUM
cblr-2872	486	81	economic	economic	ADJ
cblr-2872	486	82	products	product	NOUN
cblr-2872	486	83	,	,	PUNCT
cblr-2872	486	84	even	even	ADV
cblr-2872	486	85	in	in	ADP
cblr-2872	486	86	the	the	DET
cblr-2872	486	87	regulatory	regulatory	ADJ
cblr-2872	486	88	arbitrage	arbitrage	NOUN
cblr-2872	486	89	context	context	NOUN
cblr-2872	486	90	,	,	PUNCT
cblr-2872	486	91	is	be	AUX
cblr-2872	486	92	shown	show	VERB
cblr-2872	486	93	using	use	VERB
cblr-2872	486	94	supply	supply	NOUN
cblr-2872	486	95	and	and	CCONJ
cblr-2872	486	96	demand	demand	NOUN
cblr-2872	486	97	charts	chart	NOUN
cblr-2872	486	98	.	.	PUNCT
cblr-2872	487	1	see	see	VERB
cblr-2872	487	2	partnoy	partnoy	ADJ
cblr-2872	487	3	,	,	PUNCT
cblr-2872	487	4	supra	supra	ADJ
cblr-2872	487	5	note	note	NOUN
cblr-2872	487	6	26	26	NUM
cblr-2872	487	7	,	,	PUNCT
cblr-2872	487	8	at	at	ADP
cblr-2872	487	9	236	236	NUM
cblr-2872	487	10	.	.	PUNCT
cblr-2872	488	1	since	since	SCONJ
cblr-2872	488	2	futures	future	NOUN
cblr-2872	488	3	and	and	CCONJ
cblr-2872	488	4	swaps	swap	NOUN
cblr-2872	488	5	are	be	AUX
cblr-2872	488	6	contracts	contract	NOUN
cblr-2872	488	7	,	,	PUNCT
cblr-2872	488	8	there	there	PRON
cblr-2872	488	9	is	be	VERB
cblr-2872	488	10	no	no	DET
cblr-2872	488	11	inherent	inherent	ADJ
cblr-2872	488	12	"	"	PUNCT
cblr-2872	488	13	supply	supply	NOUN
cblr-2872	488	14	.	.	PUNCT
cblr-2872	488	15	"	"	PUNCT
cblr-2872	489	1	we	we	PRON
cblr-2872	489	2	instead	instead	ADV
cblr-2872	489	3	model	model	VERB
cblr-2872	489	4	them	they	PRON
cblr-2872	489	5	using	use	VERB
cblr-2872	489	6	this	this	DET
cblr-2872	489	7	framework	framework	NOUN
cblr-2872	489	8	.	.	PUNCT
cblr-2872	490	1	partnoy	partnoy	NOUN
cblr-2872	490	2	is	be	AUX
cblr-2872	490	3	right	right	ADJ
cblr-2872	490	4	that	that	SCONJ
cblr-2872	490	5	"	"	PUNCT
cblr-2872	490	6	the	the	DET
cblr-2872	490	7	supply	supply	NOUN
cblr-2872	490	8	of	of	ADP
cblr-2872	490	9	particular	particular	ADJ
cblr-2872	490	10	financial	financial	ADJ
cblr-2872	490	11	instruments	instrument	NOUN
cblr-2872	490	12	is	be	AUX
cblr-2872	490	13	likely	likely	ADJ
cblr-2872	490	14	to	to	PART
cblr-2872	490	15	be	be	AUX
cblr-2872	490	16	extremely	extremely	ADV
cblr-2872	490	17	elastic	elastic	ADJ
cblr-2872	490	18	because	because	SCONJ
cblr-2872	490	19	financial	financial	ADJ
cblr-2872	490	20	intermediaries	intermediary	NOUN
cblr-2872	490	21	confront	confront	VERB
cblr-2872	490	22	nearly	nearly	ADV
cblr-2872	490	23	perfect	perfect	ADJ
cblr-2872	490	24	substitutes	substitute	NOUN
cblr-2872	490	25	for	for	ADP
cblr-2872	490	26	particular	particular	ADJ
cblr-2872	490	27	transactions	transaction	NOUN
cblr-2872	490	28	.	.	PUNCT
cblr-2872	490	29	.	.	PUNCT
cblr-2872	490	30	.	.	PUNCT
cblr-2872	490	31	.	.	PUNCT
cblr-2872	490	32	"	"	PUNCT
cblr-2872	491	1	i	i	PRON
cblr-2872	491	2	d.	d.	VERB
cblr-2872	491	3	at	at	ADP
cblr-2872	491	4	237	237	NUM
cblr-2872	491	5	n.138	n.138	NUM
cblr-2872	491	6	.	.	PUNCT
cblr-2872	492	1	elsewhere	elsewhere	ADV
cblr-2872	492	2	,	,	PUNCT
cblr-2872	492	3	economic	economic	ADJ
cblr-2872	492	4	products	product	NOUN
cblr-2872	492	5	are	be	AUX
cblr-2872	492	6	analyzed	analyze	VERB
cblr-2872	492	7	through	through	ADP
cblr-2872	492	8	a	a	DET
cblr-2872	492	9	risk	risk	NOUN
cblr-2872	492	10	-	-	PUNCT
cblr-2872	492	11	return	return	NOUN
cblr-2872	492	12	framework	framework	NOUN
cblr-2872	492	13	.	.	PUNCT
cblr-2872	493	1	here	here	ADV
cblr-2872	493	2	,	,	PUNCT
cblr-2872	493	3	since	since	SCONJ
cblr-2872	493	4	these	these	DET
cblr-2872	493	5	futures	future	NOUN
cblr-2872	493	6	and	and	CCONJ
cblr-2872	493	7	swaps	swap	NOUN
cblr-2872	493	8	are	be	AUX
cblr-2872	493	9	economically	economically	ADV
cblr-2872	493	10	identical	identical	ADJ
cblr-2872	493	11	,	,	PUNCT
cblr-2872	493	12	such	such	DET
cblr-2872	493	13	a	a	DET
cblr-2872	493	14	treatment	treatment	NOUN
cblr-2872	493	15	is	be	AUX
cblr-2872	493	16	unnecessary	unnecessary	ADJ
cblr-2872	493	17	.	.	PUNCT
cblr-2872	494	1	regulation	regulation	NOUN
cblr-2872	494	2	through	through	ADP
cblr-2872	494	3	substitution	substitution	NOUN
cblr-2872	494	4	697no	697no	NOUN
cblr-2872	494	5	.	.	PUNCT
cblr-2872	495	1	3:667	3:667	NUM
cblr-2872	495	2	]	]	PUNCT
cblr-2872	495	3	698	698	NUM
cblr-2872	495	4	columbia	columbia	PROPN
cblr-2872	495	5	b	b	PROPN
cblr-2872	495	6	usiness	usiness	PROPN
cblr-2872	495	7	law	law	PROPN
cblr-2872	495	8	re	re	PROPN
cblr-2872	495	9	vie	vie	PROPN
cblr-2872	495	10	w	w	PROPN
cblr-2872	496	1	[	[	X
cblr-2872	496	2	vol	vol	NOUN
cblr-2872	496	3	.	.	PUNCT
cblr-2872	497	1	2013	2013	NUM
cblr-2872	497	2	figure	figure	NOUN
cblr-2872	497	3	1	1	NUM
cblr-2872	497	4	:	:	PUNCT
cblr-2872	497	5	before	before	SCONJ
cblr-2872	497	6	the	the	DET
cblr-2872	497	7	increased	increase	VERB
cblr-2872	497	8	regulatory	regulatory	ADJ
cblr-2872	497	9	cost	cost	NOUN
cblr-2872	497	10	of	of	ADP
cblr-2872	497	11	product	product	NOUN
cblr-2872	497	12	a	a	DET
cblr-2872	497	13	transact	transact	NOUN
cblr-2872	497	14	inneither	inneither	NOUN
cblr-2872	497	15	product	product	NOUN
cblr-2872	497	16	transact	transact	NOUN
cblr-2872	497	17	in	in	ADP
cblr-2872	497	18	product	product	NOUN
cblr-2872	497	19	a	a	DET
cblr-2872	497	20	transact	transact	NOUN
cblr-2872	497	21	in	in	ADP
cblr-2872	497	22	product	product	NOUN
cblr-2872	497	23	b	b	NOUN
cblr-2872	497	24	figure	figure	NOUN
cblr-2872	497	25	2	2	NUM
cblr-2872	497	26	:	:	PUNCT
cblr-2872	497	27	the	the	DET
cblr-2872	497	28	absolute	absolute	ADJ
cblr-2872	497	29	and	and	CCONJ
cblr-2872	497	30	relative	relative	ADJ
cblr-2872	497	31	cost	cost	NOUN
cblr-2872	497	32	effects	effect	NOUN
cblr-2872	497	33	of	of	ADP
cblr-2872	497	34	an	an	DET
cblr-2872	497	35	increase	increase	NOUN
cblr-2872	497	36	in	in	ADP
cblr-2872	497	37	the	the	DET
cblr-2872	497	38	"	"	PUNCT
cblr-2872	497	39	price	price	NOUN
cblr-2872	497	40	"	"	PUNCT
cblr-2872	497	41	of	of	ADP
cblr-2872	497	42	product	product	NOUN
cblr-2872	497	43	a	a	DET
cblr-2872	497	44	_	_	NOUN
cblr-2872	497	45	_	_	PUNCT
cblr-2872	497	46	was	be	AUX
cblr-2872	497	47	transacted	transact	VERB
cblr-2872	497	48	as	as	ADP
cblr-2872	497	49	product	product	NOUN
cblr-2872	497	50	a	a	PRON
cblr-2872	497	51	,	,	PUNCT
cblr-2872	497	52	_	_	PUNCT
cblr-2872	498	1	_	_	PUNCT
cblr-2872	499	1	_	_	PUNCT
cblr-2872	500	1	_	_	PUNCT
cblr-2872	501	1	_	_	PUNCT
cblr-2872	501	2	now	now	ADV
cblr-2872	501	3	transacted	transact	VERB
cblr-2872	501	4	..........................	..........................	PUNCT
cblr-2872	502	1	.asproductb	.asproductb	X
cblr-2872	502	2	(	(	PUNCT
cblr-2872	502	3	regulatory	regulatory	ADJ
cblr-2872	502	4	substitution	substitution	NOUN
cblr-2872	502	5	)	)	PUNCT
cblr-2872	502	6	no	no	DET
cblr-2872	502	7	longe	longe	NOUN
cblr-2872	502	8	ransacted	ransacte	VERB
cblr-2872	502	9	(	(	PUNCT
cblr-2872	502	10	r	r	NOUN
cblr-2872	502	11	latory	latory	ADJ
cblr-2872	502	12	loss	loss	NOUN
cblr-2872	502	13	)	)	PUNCT
cblr-2872	502	14	....................	....................	PUNCT
cblr-2872	503	1	.....	.....	PUNCT
cblr-2872	504	1	~	~	PUNCT
cblr-2872	504	2	...	...	PUNCT
cblr-2872	504	3	.	.	PUNCT
cblr-2872	504	4	........	........	PUNCT
cblr-2872	504	5	.	.	PUNCT
cblr-2872	504	6	.	.	PUNCT
cblr-2872	505	1	regulation	regulation	NOUN
cblr-2872	505	2	wil	wil	VERB
cblr-2872	505	3	reulobthi	reulobthi	NOUN
cblr-2872	505	4	transactiosbigeotadi	transactiosbigeotadi	NOUN
cblr-2872	506	1	i	i	PRON
cblr-2872	506	2	marnsat	marnsat	VERB
cblr-2872	506	3	i	i	PRON
cblr-2872	506	4	tparoucp	tparoucp	VERB
cblr-2872	507	1	ts.transa.ctig	ts.transa.ctig	X
cblr-2872	507	2	at	at	ADP
cblr-2872	507	3	product	product	NOUN
cblr-2872	507	4	b	b	NOUN
cblr-2872	507	5	this	this	DET
cblr-2872	507	6	concept	concept	NOUN
cblr-2872	507	7	can	can	AUX
cblr-2872	507	8	be	be	AUX
cblr-2872	507	9	applied	apply	VERB
cblr-2872	507	10	at	at	ADP
cblr-2872	507	11	a	a	DET
cblr-2872	507	12	more	more	ADV
cblr-2872	507	13	general	general	ADJ
cblr-2872	507	14	level	level	NOUN
cblr-2872	507	15	,	,	PUNCT
cblr-2872	507	16	if	if	SCONJ
cblr-2872	507	17	we	we	PRON
cblr-2872	507	18	think	think	VERB
cblr-2872	507	19	in	in	ADP
cblr-2872	507	20	terms	term	NOUN
cblr-2872	507	21	of	of	ADP
cblr-2872	507	22	regulatory	regulatory	ADJ
cblr-2872	507	23	regimes	regime	NOUN
cblr-2872	507	24	rather	rather	ADV
cblr-2872	507	25	than	than	ADP
cblr-2872	507	26	in	in	ADP
cblr-2872	507	27	terms	term	NOUN
cblr-2872	507	28	of	of	ADP
cblr-2872	507	29	products	product	NOUN
cblr-2872	507	30	a	a	PRON
cblr-2872	507	31	and	and	CCONJ
cblr-2872	507	32	b.	b.	PROPN
cblr-2872	507	33	where	where	SCONJ
cblr-2872	507	34	the	the	DET
cblr-2872	507	35	costs	cost	NOUN
cblr-2872	507	36	of	of	ADP
cblr-2872	507	37	transacting	transact	VERB
cblr-2872	507	38	under	under	ADP
cblr-2872	507	39	a	a	DET
cblr-2872	507	40	particular	particular	ADJ
cblr-2872	507	41	regulatory	regulatory	ADJ
cblr-2872	507	42	regime	regime	NOUN
cblr-2872	507	43	increase	increase	NOUN
cblr-2872	507	44	,	,	PUNCT
cblr-2872	507	45	and	and	CCONJ
cblr-2872	507	46	where	where	SCONJ
cblr-2872	507	47	a	a	DET
cblr-2872	507	48	substitute	substitute	NOUN
cblr-2872	507	49	regime	regime	NOUN
cblr-2872	507	50	is	be	AUX
cblr-2872	507	51	available	available	ADJ
cblr-2872	507	52	,	,	PUNCT
cblr-2872	507	53	the	the	DET
cblr-2872	507	54	number	number	NOUN
cblr-2872	507	55	of	of	ADP
cblr-2872	507	56	transactions	transaction	NOUN
cblr-2872	507	57	in	in	ADP
cblr-2872	507	58	the	the	DET
cblr-2872	507	59	more	more	ADV
cblr-2872	507	60	costly	costly	ADJ
cblr-2872	507	61	regime	regime	NOUN
cblr-2872	507	62	will	will	AUX
cblr-2872	507	63	decrease	decrease	VERB
cblr-2872	507	64	and	and	CCONJ
cblr-2872	507	65	the	the	DET
cblr-2872	507	66	number	number	NOUN
cblr-2872	507	67	of	of	ADP
cblr-2872	507	68	transactions	transaction	NOUN
cblr-2872	507	69	in	in	ADP
cblr-2872	507	70	the	the	DET
cblr-2872	507	71	substitute	substitute	NOUN
cblr-2872	507	72	regime	regime	NOUN
cblr-2872	507	73	will	will	AUX
cblr-2872	507	74	increase	increase	VERB
cblr-2872	507	75	.	.	PUNCT
cblr-2872	508	1	generally	generally	ADV
cblr-2872	508	2	,	,	PUNCT
cblr-2872	508	3	though	though	ADV
cblr-2872	508	4	,	,	PUNCT
cblr-2872	508	5	the	the	DET
cblr-2872	508	6	number	number	NOUN
cblr-2872	508	7	of	of	ADP
cblr-2872	508	8	transactions	transaction	NOUN
cblr-2872	508	9	in	in	ADP
cblr-2872	508	10	the	the	DET
cblr-2872	508	11	substitute	substitute	NOUN
cblr-2872	508	12	regime	regime	NOUN
cblr-2872	508	13	will	will	AUX
cblr-2872	508	14	not	not	PART
cblr-2872	508	15	increase	increase	VERB
cblr-2872	508	16	as	as	ADV
cblr-2872	508	17	much	much	ADV
cblr-2872	508	18	as	as	ADP
cblr-2872	508	19	the	the	DET
cblr-2872	508	20	number	number	NOUN
cblr-2872	508	21	of	of	ADP
cblr-2872	508	22	regulation	regulation	NOUN
cblr-2872	508	23	through	through	ADP
cblr-2872	508	24	substitution	substitution	NOUN
cblr-2872	508	25	699no	699no	NOUN
cblr-2872	508	26	.	.	PUNCT
cblr-2872	509	1	3:6671	3:6671	NUM
cblr-2872	509	2	transactions	transaction	NOUN
cblr-2872	509	3	in	in	ADP
cblr-2872	509	4	the	the	DET
cblr-2872	509	5	more	more	ADV
cblr-2872	509	6	costly	costly	ADJ
cblr-2872	509	7	regime	regime	NOUN
cblr-2872	509	8	decreases	decrease	NOUN
cblr-2872	509	9	,	,	PUNCT
cblr-2872	509	10	resulting	result	VERB
cblr-2872	509	11	in	in	ADP
cblr-2872	509	12	some	some	DET
cblr-2872	509	13	absolute	absolute	ADJ
cblr-2872	509	14	loss	loss	NOUN
cblr-2872	509	15	.	.	PUNCT
cblr-2872	510	1	futurization	futurization	NOUN
cblr-2872	510	2	presents	present	VERB
cblr-2872	510	3	the	the	DET
cblr-2872	510	4	substitution	substitution	NOUN
cblr-2872	510	5	effect	effect	NOUN
cblr-2872	510	6	in	in	ADP
cblr-2872	510	7	the	the	DET
cblr-2872	510	8	context	context	NOUN
cblr-2872	510	9	of	of	ADP
cblr-2872	510	10	an	an	DET
cblr-2872	510	11	interesting	interesting	ADJ
cblr-2872	510	12	and	and	CCONJ
cblr-2872	510	13	unusual	unusual	ADJ
cblr-2872	510	14	regulatory	regulatory	ADJ
cblr-2872	510	15	framework	framework	NOUN
cblr-2872	510	16	.	.	PUNCT
cblr-2872	511	1	more	more	ADV
cblr-2872	511	2	precisely	precisely	ADV
cblr-2872	511	3	,	,	PUNCT
cblr-2872	511	4	the	the	DET
cblr-2872	511	5	cftc	cftc	PROPN
cblr-2872	511	6	controls	control	VERB
cblr-2872	511	7	the	the	DET
cblr-2872	511	8	"	"	PUNCT
cblr-2872	511	9	price	price	NOUN
cblr-2872	511	10	"	"	PUNCT
cblr-2872	511	11	of	of	ADP
cblr-2872	511	12	both	both	DET
cblr-2872	511	13	futures	future	NOUN
cblr-2872	511	14	and	and	CCONJ
cblr-2872	511	15	swap	swap	NOUN
cblr-2872	511	16	transactions	transaction	NOUN
cblr-2872	511	17	by	by	ADP
cblr-2872	511	18	virtue	virtue	NOUN
cblr-2872	511	19	of	of	ADP
cblr-2872	511	20	its	its	PRON
cblr-2872	511	21	authority	authority	NOUN
cblr-2872	511	22	to	to	PART
cblr-2872	511	23	implement	implement	VERB
cblr-2872	511	24	the	the	DET
cblr-2872	511	25	regulatory	regulatory	ADJ
cblr-2872	511	26	regime	regime	NOUN
cblr-2872	511	27	for	for	ADP
cblr-2872	511	28	both	both	DET
cblr-2872	511	29	products	product	NOUN
cblr-2872	511	30	.	.	PUNCT
cblr-2872	512	1	thus	thus	ADV
cblr-2872	512	2	,	,	PUNCT
cblr-2872	512	3	the	the	DET
cblr-2872	512	4	cftc	cftc	PROPN
cblr-2872	512	5	controls	control	VERB
cblr-2872	512	6	not	not	PART
cblr-2872	512	7	only	only	ADV
cblr-2872	512	8	the	the	DET
cblr-2872	512	9	absolute	absolute	ADJ
cblr-2872	512	10	price	price	NOUN
cblr-2872	512	11	of	of	ADP
cblr-2872	512	12	each	each	DET
cblr-2872	512	13	regulatory	regulatory	ADJ
cblr-2872	512	14	regime	regime	NOUN
cblr-2872	512	15	but	but	CCONJ
cblr-2872	512	16	also	also	ADV
cblr-2872	512	17	the	the	DET
cblr-2872	512	18	relative	relative	ADJ
cblr-2872	512	19	price	price	NOUN
cblr-2872	512	20	of	of	ADP
cblr-2872	512	21	the	the	DET
cblr-2872	512	22	two	two	NUM
cblr-2872	512	23	regimes	regime	NOUN
cblr-2872	512	24	it	it	PRON
cblr-2872	512	25	oversees	oversee	VERB
cblr-2872	512	26	.	.	PUNCT
cblr-2872	513	1	this	this	DET
cblr-2872	513	2	authority	authority	NOUN
cblr-2872	513	3	gives	give	VERB
cblr-2872	513	4	the	the	DET
cblr-2872	513	5	cftc	cftc	PROPN
cblr-2872	513	6	the	the	DET
cblr-2872	513	7	ability	ability	NOUN
cblr-2872	513	8	to	to	PART
cblr-2872	513	9	use	use	VERB
cblr-2872	513	10	"	"	PUNCT
cblr-2872	513	11	regulation	regulation	NOUN
cblr-2872	513	12	through	through	ADP
cblr-2872	513	13	substitution	substitution	NOUN
cblr-2872	513	14	"	"	PUNCT
cblr-2872	513	15	as	as	ADP
cblr-2872	513	16	a	a	DET
cblr-2872	513	17	policy	policy	NOUN
cblr-2872	513	18	tool	tool	NOUN
cblr-2872	513	19	.	.	PUNCT
cblr-2872	514	1	in	in	ADP
cblr-2872	514	2	the	the	DET
cblr-2872	514	3	following	follow	VERB
cblr-2872	514	4	parts	part	NOUN
cblr-2872	514	5	,	,	PUNCT
cblr-2872	514	6	we	we	PRON
cblr-2872	514	7	apply	apply	VERB
cblr-2872	514	8	the	the	DET
cblr-2872	514	9	simple	simple	ADJ
cblr-2872	514	10	model	model	NOUN
cblr-2872	514	11	of	of	ADP
cblr-2872	514	12	futurization	futurization	NOUN
cblr-2872	514	13	developed	develop	VERB
cblr-2872	514	14	in	in	ADP
cblr-2872	514	15	this	this	DET
cblr-2872	514	16	section	section	NOUN
cblr-2872	514	17	to	to	ADP
cblr-2872	514	18	several	several	ADJ
cblr-2872	514	19	aspects	aspect	NOUN
cblr-2872	514	20	of	of	ADP
cblr-2872	514	21	futures	future	NOUN
cblr-2872	514	22	and	and	CCONJ
cblr-2872	514	23	swap	swap	NOUN
cblr-2872	514	24	regulation	regulation	NOUN
cblr-2872	514	25	.	.	PUNCT
cblr-2872	515	1	we	we	PRON
cblr-2872	515	2	then	then	ADV
cblr-2872	515	3	provide	provide	VERB
cblr-2872	515	4	suggestions	suggestion	NOUN
cblr-2872	515	5	for	for	ADP
cblr-2872	515	6	how	how	SCONJ
cblr-2872	515	7	the	the	DET
cblr-2872	515	8	cftc	cftc	PROPN
cblr-2872	515	9	should	should	AUX
cblr-2872	515	10	view	view	VERB
cblr-2872	515	11	its	its	PRON
cblr-2872	515	12	dodd	dodd	PROPN
cblr-2872	515	13	-	-	PUNCT
cblr-2872	515	14	frank	frank	PROPN
cblr-2872	515	15	act	act	NOUN
cblr-2872	515	16	regulatory	regulatory	ADJ
cblr-2872	515	17	mandate	mandate	NOUN
cblr-2872	515	18	in	in	ADP
cblr-2872	515	19	light	light	NOUN
cblr-2872	515	20	of	of	ADP
cblr-2872	515	21	its	its	PRON
cblr-2872	515	22	ability	ability	NOUN
cblr-2872	515	23	to	to	PART
cblr-2872	515	24	set	set	VERB
cblr-2872	515	25	both	both	CCONJ
cblr-2872	515	26	absolute	absolute	ADJ
cblr-2872	515	27	and	and	CCONJ
cblr-2872	515	28	relative	relative	ADJ
cblr-2872	515	29	costs	cost	NOUN
cblr-2872	515	30	of	of	ADP
cblr-2872	515	31	regulation	regulation	NOUN
cblr-2872	515	32	.	.	PUNCT
cblr-2872	516	1	iv	iv	X
cblr-2872	516	2	.	.	PUNCT
cblr-2872	516	3	application	application	NOUN
cblr-2872	516	4	of	of	ADP
cblr-2872	516	5	the	the	DET
cblr-2872	516	6	model	model	NOUN
cblr-2872	516	7	to	to	ADP
cblr-2872	516	8	doddfrank	doddfrank	PROPN
cblr-2872	516	9	's	's	PART
cblr-2872	516	10	swap	swap	NOUN
cblr-2872	516	11	regulations	regulation	NOUN
cblr-2872	516	12	and	and	CCONJ
cblr-2872	516	13	the	the	DET
cblr-2872	516	14	futurization	futurization	NOUN
cblr-2872	516	15	debate	debate	VERB
cblr-2872	516	16	a	a	DET
cblr-2872	516	17	key	key	ADJ
cblr-2872	516	18	lesson	lesson	NOUN
cblr-2872	516	19	of	of	ADP
cblr-2872	516	20	the	the	DET
cblr-2872	516	21	recent	recent	ADJ
cblr-2872	516	22	financial	financial	ADJ
cblr-2872	516	23	crisis	crisis	NOUN
cblr-2872	516	24	was	be	AUX
cblr-2872	516	25	that	that	SCONJ
cblr-2872	516	26	the	the	DET
cblr-2872	516	27	swap	swap	NOUN
cblr-2872	516	28	market	market	NOUN
cblr-2872	516	29	was	be	AUX
cblr-2872	516	30	oversaturated	oversaturate	VERB
cblr-2872	516	31	;	;	PUNCT
cblr-2872	516	32	because	because	SCONJ
cblr-2872	516	33	swap	swap	NOUN
cblr-2872	516	34	markets	market	NOUN
cblr-2872	516	35	were	be	AUX
cblr-2872	516	36	relatively	relatively	ADV
cblr-2872	516	37	unregulated	unregulated	ADJ
cblr-2872	516	38	,	,	PUNCT
cblr-2872	516	39	market	market	NOUN
cblr-2872	516	40	participants	participant	NOUN
cblr-2872	516	41	were	be	AUX
cblr-2872	516	42	choosing	choose	VERB
cblr-2872	516	43	to	to	PART
cblr-2872	516	44	use	use	VERB
cblr-2872	516	45	swaps	swap	NOUN
cblr-2872	516	46	without	without	ADP
cblr-2872	516	47	regard	regard	NOUN
cblr-2872	516	48	for	for	ADP
cblr-2872	516	49	their	their	PRON
cblr-2872	516	50	potential	potential	ADJ
cblr-2872	516	51	systemic	systemic	ADJ
cblr-2872	516	52	implications	implication	NOUN
cblr-2872	516	53	.	.	PUNCT
cblr-2872	517	1	regulation	regulation	NOUN
cblr-2872	517	2	did	do	AUX
cblr-2872	517	3	not	not	PART
cblr-2872	517	4	require	require	VERB
cblr-2872	517	5	market	market	NOUN
cblr-2872	517	6	participants	participant	NOUN
cblr-2872	517	7	to	to	PART
cblr-2872	517	8	internalize	internalize	VERB
cblr-2872	517	9	harmful	harmful	ADJ
cblr-2872	517	10	externalities	externality	NOUN
cblr-2872	517	11	.	.	PUNCT
cblr-2872	518	1	while	while	SCONJ
cblr-2872	518	2	the	the	DET
cblr-2872	518	3	cfma	cfma	NOUN
cblr-2872	518	4	generally	generally	ADV
cblr-2872	518	5	restricted	restrict	VERB
cblr-2872	518	6	the	the	DET
cblr-2872	518	7	availability	availability	NOUN
cblr-2872	518	8	of	of	ADP
cblr-2872	518	9	swap	swap	NOUN
cblr-2872	518	10	transactions	transaction	NOUN
cblr-2872	518	11	to	to	ADP
cblr-2872	518	12	counterparties	counterpartie	NOUN
cblr-2872	518	13	that	that	PRON
cblr-2872	518	14	were	be	AUX
cblr-2872	518	15	sophisticated	sophisticated	ADJ
cblr-2872	518	16	"	"	PUNCT
cblr-2872	518	17	eligible	eligible	ADJ
cblr-2872	518	18	contract	contract	NOUN
cblr-2872	518	19	participants	participant	NOUN
cblr-2872	518	20	"	"	PUNCT
cblr-2872	518	21	capable	capable	ADJ
cblr-2872	518	22	of	of	ADP
cblr-2872	518	23	understanding	understand	VERB
cblr-2872	518	24	the	the	DET
cblr-2872	518	25	risks	risk	NOUN
cblr-2872	518	26	of	of	ADP
cblr-2872	518	27	these	these	DET
cblr-2872	518	28	transactions	transaction	NOUN
cblr-2872	518	29	,	,	PUNCT
cblr-2872	518	30	the	the	DET
cblr-2872	518	31	conventional	conventional	ADJ
cblr-2872	518	32	wisdom	wisdom	NOUN
cblr-2872	518	33	(	(	PUNCT
cblr-2872	518	34	in	in	ADP
cblr-2872	518	35	hindsight	hindsight	ADJ
cblr-2872	518	36	)	)	PUNCT
cblr-2872	518	37	is	be	AUX
cblr-2872	518	38	that	that	SCONJ
cblr-2872	518	39	swap	swap	NOUN
cblr-2872	518	40	counterparties	counterpartie	NOUN
cblr-2872	518	41	were	be	AUX
cblr-2872	518	42	not	not	PART
cblr-2872	518	43	always	always	ADV
cblr-2872	518	44	able	able	ADJ
cblr-2872	518	45	to	to	PART
cblr-2872	518	46	understand	understand	VERB
cblr-2872	518	47	the	the	DET
cblr-2872	518	48	risks	risk	NOUN
cblr-2872	518	49	of	of	ADP
cblr-2872	518	50	these	these	DET
cblr-2872	518	51	transactions	transaction	NOUN
cblr-2872	518	52	.	.	PUNCT
cblr-2872	519	1	thus	thus	ADV
cblr-2872	519	2	,	,	PUNCT
cblr-2872	519	3	the	the	DET
cblr-2872	519	4	lack	lack	NOUN
cblr-2872	519	5	of	of	ADP
cblr-2872	519	6	regulation	regulation	NOUN
cblr-2872	519	7	of	of	ADP
cblr-2872	519	8	the	the	DET
cblr-2872	519	9	swap	swap	NOUN
cblr-2872	519	10	market	market	NOUN
cblr-2872	519	11	encouraged	encourage	VERB
cblr-2872	519	12	the	the	DET
cblr-2872	519	13	use	use	NOUN
cblr-2872	519	14	of	of	ADP
cblr-2872	519	15	swap	swap	NOUN
cblr-2872	519	16	instruments	instrument	NOUN
cblr-2872	519	17	where	where	SCONJ
cblr-2872	519	18	they	they	PRON
cblr-2872	519	19	were	be	AUX
cblr-2872	519	20	inappropriate	inappropriate	ADJ
cblr-2872	519	21	.	.	PUNCT
cblr-2872	520	1	furthermore	furthermore	ADV
cblr-2872	520	2	,	,	PUNCT
cblr-2872	520	3	the	the	DET
cblr-2872	520	4	61	61	NUM
cblr-2872	520	5	see	see	NOUN
cblr-2872	520	6	,	,	PUNCT
cblr-2872	520	7	e.g.	e.g.	ADV
cblr-2872	520	8	,	,	PUNCT
cblr-2872	520	9	yadav	yadav	PROPN
cblr-2872	520	10	,	,	PUNCT
cblr-2872	520	11	supra	supra	PROPN
cblr-2872	520	12	note	note	PROPN
cblr-2872	520	13	1	1	NUM
cblr-2872	520	14	,	,	PUNCT
cblr-2872	520	15	at	at	ADP
cblr-2872	520	16	406	406	NUM
cblr-2872	520	17	(	(	PUNCT
cblr-2872	520	18	"	"	PUNCT
cblr-2872	520	19	unsurprisingly	unsurprisingly	ADV
cblr-2872	520	20	,	,	PUNCT
cblr-2872	520	21	the	the	DET
cblr-2872	520	22	market	market	NOUN
cblr-2872	520	23	has	have	AUX
cblr-2872	520	24	routinely	routinely	ADV
cblr-2872	520	25	struggled	struggle	VERB
cblr-2872	520	26	fully	fully	ADV
cblr-2872	520	27	to	to	PART
cblr-2872	520	28	understand	understand	VERB
cblr-2872	520	29	and	and	CCONJ
cblr-2872	520	30	internalize	internalize	VERB
cblr-2872	520	31	the	the	DET
cblr-2872	520	32	implications	implication	NOUN
cblr-2872	520	33	of	of	ADP
cblr-2872	520	34	credit	credit	NOUN
cblr-2872	520	35	-	-	PUNCT
cblr-2872	520	36	derivatives	derivative	NOUN
cblr-2872	520	37	trading	trading	NOUN
cblr-2872	520	38	.	.	PUNCT
cblr-2872	521	1	this	this	DET
cblr-2872	521	2	complexity	complexity	NOUN
cblr-2872	521	3	extracts	extract	VERB
cblr-2872	521	4	an	an	DET
cblr-2872	521	5	700	700	NUM
cblr-2872	521	6	col	col	NOUN
cblr-2872	521	7	umia	umia	NOUN
cblr-2872	521	8	b	b	PROPN
cblr-2872	521	9	usiness	usiness	PROPN
cblr-2872	521	10	la	la	PROPN
cblr-2872	521	11	w	w	PROPN
cblr-2872	521	12	re	re	PROPN
cblr-2872	521	13	vie	vie	PROPN
cblr-2872	521	14	w	w	PROPN
cblr-2872	522	1	[	[	X
cblr-2872	522	2	vol	vol	NOUN
cblr-2872	522	3	.	.	PUNCT
cblr-2872	522	4	2013	2013	NUM
cblr-2872	522	5	conventional	conventional	ADJ
cblr-2872	522	6	wisdom	wisdom	NOUN
cblr-2872	522	7	(	(	PUNCT
cblr-2872	522	8	again	again	ADV
cblr-2872	522	9	,	,	PUNCT
cblr-2872	522	10	in	in	ADP
cblr-2872	522	11	hindsight	hindsight	ADJ
cblr-2872	522	12	)	)	PUNCT
cblr-2872	522	13	is	be	AUX
cblr-2872	522	14	that	that	SCONJ
cblr-2872	522	15	market	market	NOUN
cblr-2872	522	16	participants	participant	NOUN
cblr-2872	522	17	entering	enter	VERB
cblr-2872	522	18	into	into	ADP
cblr-2872	522	19	swaps	swap	NOUN
cblr-2872	522	20	did	do	AUX
cblr-2872	522	21	not	not	PART
cblr-2872	522	22	account	account	VERB
cblr-2872	522	23	for	for	ADP
cblr-2872	522	24	the	the	DET
cblr-2872	522	25	externalities	externality	NOUN
cblr-2872	522	26	posed	pose	VERB
cblr-2872	522	27	by	by	ADP
cblr-2872	522	28	their	their	PRON
cblr-2872	522	29	swap	swap	NOUN
cblr-2872	522	30	transactions	transaction	NOUN
cblr-2872	522	31	in	in	ADP
cblr-2872	522	32	the	the	DET
cblr-2872	522	33	form	form	NOUN
cblr-2872	522	34	of	of	ADP
cblr-2872	522	35	systemic	systemic	ADJ
cblr-2872	522	36	risk	risk	NOUN
cblr-2872	522	37	and	and	CCONJ
cblr-2872	522	38	the	the	DET
cblr-2872	522	39	"	"	PUNCT
cblr-2872	522	40	too	too	ADV
cblr-2872	522	41	big	big	ADJ
cblr-2872	522	42	to	to	PART
cblr-2872	522	43	fail	fail	VERB
cblr-2872	522	44	"	"	PUNCT
cblr-2872	522	45	problem	problem	NOUN
cblr-2872	522	46	.	.	PUNCT
cblr-2872	523	1	in	in	ADP
cblr-2872	523	2	other	other	ADJ
cblr-2872	523	3	words	word	NOUN
cblr-2872	523	4	,	,	PUNCT
cblr-2872	523	5	many	many	ADJ
cblr-2872	523	6	believe	believe	VERB
cblr-2872	523	7	that	that	SCONJ
cblr-2872	523	8	the	the	DET
cblr-2872	523	9	absolute	absolute	ADJ
cblr-2872	523	10	cost	cost	NOUN
cblr-2872	523	11	of	of	ADP
cblr-2872	523	12	entering	enter	VERB
cblr-2872	523	13	into	into	ADP
cblr-2872	523	14	swap	swap	NOUN
cblr-2872	523	15	transactions	transaction	NOUN
cblr-2872	523	16	was	be	AUX
cblr-2872	523	17	too	too	ADV
cblr-2872	523	18	low	low	ADJ
cblr-2872	523	19	,	,	PUNCT
cblr-2872	523	20	either	either	CCONJ
cblr-2872	523	21	in	in	ADP
cblr-2872	523	22	reality	reality	NOUN
cblr-2872	523	23	or	or	CCONJ
cblr-2872	523	24	as	as	SCONJ
cblr-2872	523	25	perceived	perceive	VERB
cblr-2872	523	26	by	by	ADP
cblr-2872	523	27	counterparties	counterpartie	NOUN
cblr-2872	523	28	,	,	PUNCT
cblr-2872	523	29	resulting	result	VERB
cblr-2872	523	30	in	in	ADP
cblr-2872	523	31	too	too	ADV
cblr-2872	523	32	many	many	ADJ
cblr-2872	523	33	swap	swap	NOUN
cblr-2872	523	34	transactions	transaction	NOUN
cblr-2872	523	35	.	.	PUNCT
cblr-2872	524	1	62	62	NUM
cblr-2872	524	2	as	as	SCONJ
cblr-2872	524	3	predicted	predict	VERB
cblr-2872	524	4	by	by	ADP
cblr-2872	524	5	our	our	PRON
cblr-2872	524	6	model	model	NOUN
cblr-2872	524	7	,	,	PUNCT
cblr-2872	524	8	however	however	ADV
cblr-2872	524	9	,	,	PUNCT
cblr-2872	524	10	raising	raise	VERB
cblr-2872	524	11	the	the	DET
cblr-2872	524	12	absolute	absolute	ADJ
cblr-2872	524	13	cost	cost	NOUN
cblr-2872	524	14	of	of	ADP
cblr-2872	524	15	swap	swap	NOUN
cblr-2872	524	16	transactions	transaction	NOUN
cblr-2872	524	17	has	have	VERB
cblr-2872	524	18	a	a	DET
cblr-2872	524	19	secondary	secondary	ADJ
cblr-2872	524	20	effect	effect	NOUN
cblr-2872	524	21	-	-	PUNCT
cblr-2872	524	22	incentivizing	incentivize	VERB
cblr-2872	524	23	the	the	DET
cblr-2872	524	24	use	use	NOUN
cblr-2872	524	25	of	of	ADP
cblr-2872	524	26	futures	future	NOUN
cblr-2872	524	27	contracts	contract	NOUN
cblr-2872	524	28	by	by	ADP
cblr-2872	524	29	decreasing	decrease	VERB
cblr-2872	524	30	their	their	PRON
cblr-2872	524	31	relative	relative	ADJ
cblr-2872	524	32	cost	cost	NOUN
cblr-2872	524	33	.	.	PUNCT
cblr-2872	525	1	especially	especially	ADV
cblr-2872	525	2	high	high	ADJ
cblr-2872	525	3	cost	cost	NOUN
cblr-2872	525	4	when	when	SCONJ
cblr-2872	525	5	parties	party	NOUN
cblr-2872	525	6	are	be	AUX
cblr-2872	525	7	unable	unable	ADJ
cblr-2872	525	8	to	to	PART
cblr-2872	525	9	gauge	gauge	VERB
cblr-2872	525	10	where	where	SCONJ
cblr-2872	525	11	risk	risk	NOUN
cblr-2872	525	12	exposures	exposure	NOUN
cblr-2872	525	13	come	come	VERB
cblr-2872	525	14	to	to	PART
cblr-2872	525	15	rest	rest	VERB
cblr-2872	525	16	.	.	PUNCT
cblr-2872	526	1	"	"	PUNCT
cblr-2872	526	2	)	)	PUNCT
cblr-2872	526	3	;	;	PUNCT
cblr-2872	526	4	i	i	PRON
cblr-2872	526	5	d.	d.	PROPN
cblr-2872	526	6	at	at	ADP
cblr-2872	526	7	413	413	NUM
cblr-2872	526	8	(	(	PUNCT
cblr-2872	526	9	"	"	PUNCT
cblr-2872	526	10	furthermore	furthermore	ADV
cblr-2872	526	11	,	,	PUNCT
cblr-2872	526	12	scholars	scholar	NOUN
cblr-2872	526	13	have	have	AUX
cblr-2872	526	14	noted	note	VERB
cblr-2872	526	15	that	that	SCONJ
cblr-2872	526	16	,	,	PUNCT
cblr-2872	526	17	even	even	ADV
cblr-2872	526	18	for	for	ADP
cblr-2872	526	19	expert	expert	ADJ
cblr-2872	526	20	institutions	institution	NOUN
cblr-2872	526	21	,	,	PUNCT
cblr-2872	526	22	credit	credit	NOUN
cblr-2872	526	23	derivatives	derivative	NOUN
cblr-2872	526	24	are	be	AUX
cblr-2872	526	25	notoriously	notoriously	ADV
cblr-2872	526	26	difficult	difficult	ADJ
cblr-2872	526	27	to	to	PART
cblr-2872	526	28	value	value	VERB
cblr-2872	526	29	and	and	CCONJ
cblr-2872	526	30	to	to	PART
cblr-2872	526	31	properly	properly	ADV
cblr-2872	526	32	provision	provision	VERB
cblr-2872	526	33	for	for	ADP
cblr-2872	526	34	through	through	ADP
cblr-2872	526	35	mechanisms	mechanism	NOUN
cblr-2872	526	36	such	such	ADJ
cblr-2872	526	37	as	as	ADP
cblr-2872	526	38	collateral	collateral	ADJ
cblr-2872	526	39	cushions	cushion	NOUN
cblr-2872	526	40	.	.	PUNCT
cblr-2872	527	1	the	the	DET
cblr-2872	527	2	may	may	PROPN
cblr-2872	527	3	2012	2012	NUM
cblr-2872	527	4	j.p	j.p	PROPN
cblr-2872	527	5	.	.	PROPN
cblr-2872	527	6	morgan	morgan	PROPN
cblr-2872	527	7	fiasco	fiasco	PROPN
cblr-2872	527	8	in	in	ADP
cblr-2872	527	9	the	the	DET
cblr-2872	527	10	cds	cd	NOUN
cblr-2872	527	11	market	market	NOUN
cblr-2872	527	12	is	be	AUX
cblr-2872	527	13	case	case	NOUN
cblr-2872	527	14	in	in	ADP
cblr-2872	527	15	point	point	NOUN
cblr-2872	527	16	.	.	PUNCT
cblr-2872	528	1	j.p	j.p	PROPN
cblr-2872	528	2	.	.	PROPN
cblr-2872	528	3	morgan	morgan	PROPN
cblr-2872	528	4	,	,	PUNCT
cblr-2872	528	5	having	having	AUX
cblr-2872	528	6	enjoyed	enjoy	VERB
cblr-2872	528	7	a	a	DET
cblr-2872	528	8	strong	strong	ADJ
cblr-2872	528	9	reputation	reputation	NOUN
cblr-2872	528	10	in	in	ADP
cblr-2872	528	11	risk	risk	NOUN
cblr-2872	528	12	management	management	NOUN
cblr-2872	528	13	through	through	ADP
cblr-2872	528	14	the	the	DET
cblr-2872	528	15	crisis	crisis	NOUN
cblr-2872	528	16	,	,	PUNCT
cblr-2872	528	17	vastly	vastly	ADV
cblr-2872	528	18	underestimated	underestimate	VERB
cblr-2872	528	19	the	the	DET
cblr-2872	528	20	risks	risk	NOUN
cblr-2872	528	21	that	that	SCONJ
cblr-2872	528	22	its	its	PRON
cblr-2872	528	23	credit	credit	NOUN
cblr-2872	528	24	-	-	PUNCT
cblr-2872	528	25	derivative	derivative	NOUN
cblr-2872	528	26	trades	trade	NOUN
cblr-2872	528	27	posed	pose	VERB
cblr-2872	528	28	for	for	ADP
cblr-2872	528	29	the	the	DET
cblr-2872	528	30	bank	bank	NOUN
cblr-2872	528	31	and	and	CCONJ
cblr-2872	528	32	took	take	VERB
cblr-2872	528	33	positions	position	NOUN
cblr-2872	528	34	that	that	PRON
cblr-2872	528	35	exceeded	exceed	VERB
cblr-2872	528	36	limits	limit	NOUN
cblr-2872	528	37	established	establish	VERB
cblr-2872	528	38	in	in	ADP
cblr-2872	528	39	its	its	PRON
cblr-2872	528	40	internal	internal	ADJ
cblr-2872	528	41	checks	check	NOUN
cblr-2872	528	42	and	and	CCONJ
cblr-2872	528	43	controls	control	NOUN
cblr-2872	528	44	.	.	PUNCT
cblr-2872	528	45	"	"	PUNCT
cblr-2872	528	46	)	)	PUNCT
cblr-2872	528	47	.	.	PUNCT
cblr-2872	529	1	there	there	PRON
cblr-2872	529	2	were	be	VERB
cblr-2872	529	3	certainly	certainly	ADV
cblr-2872	529	4	other	other	ADJ
cblr-2872	529	5	problems	problem	NOUN
cblr-2872	529	6	in	in	ADP
cblr-2872	529	7	the	the	DET
cblr-2872	529	8	derivatives	derivative	NOUN
cblr-2872	529	9	markets	market	NOUN
cblr-2872	529	10	.	.	PUNCT
cblr-2872	530	1	see	see	VERB
cblr-2872	530	2	,	,	PUNCT
cblr-2872	530	3	e.g.	e.g.	ADV
cblr-2872	530	4	,	,	PUNCT
cblr-2872	530	5	robert	robert	PROPN
cblr-2872	530	6	p.	p.	PROPN
cblr-2872	530	7	bartlett	bartlett	PROPN
cblr-2872	530	8	iii	iii	PROPN
cblr-2872	530	9	,	,	PUNCT
cblr-2872	530	10	inefficiencies	inefficiency	NOUN
cblr-2872	530	11	in	in	ADP
cblr-2872	530	12	the	the	DET
cblr-2872	530	13	information	information	NOUN
cblr-2872	530	14	thicket	thicket	NOUN
cblr-2872	530	15	:	:	PUNCT
cblr-2872	530	16	a	a	DET
cblr-2872	530	17	case	case	NOUN
cblr-2872	530	18	study	study	NOUN
cblr-2872	530	19	of	of	ADP
cblr-2872	530	20	derivative	derivative	ADJ
cblr-2872	530	21	disclosures	disclosure	NOUN
cblr-2872	530	22	during	during	ADP
cblr-2872	530	23	the	the	DET
cblr-2872	530	24	financial	financial	ADJ
cblr-2872	530	25	crisis	crisis	NOUN
cblr-2872	530	26	,	,	PUNCT
cblr-2872	530	27	36	36	NUM
cblr-2872	530	28	j.	j.	PROPN
cblr-2872	530	29	corp	corp	PROPN
cblr-2872	530	30	.	.	PROPN
cblr-2872	530	31	l.	l.	PROPN
cblr-2872	530	32	1	1	NUM
cblr-2872	530	33	,	,	PUNCT
cblr-2872	530	34	1	1	NUM
cblr-2872	530	35	-	-	SYM
cblr-2872	530	36	2	2	NUM
cblr-2872	530	37	(	(	PUNCT
cblr-2872	530	38	2010	2010	NUM
cblr-2872	530	39	)	)	PUNCT
cblr-2872	530	40	(	(	PUNCT
cblr-2872	530	41	"	"	PUNCT
cblr-2872	530	42	it	it	PRON
cblr-2872	530	43	is	be	AUX
cblr-2872	530	44	now	now	ADV
cblr-2872	530	45	accepted	accept	VERB
cblr-2872	530	46	wisdom	wisdom	NOUN
cblr-2872	530	47	that	that	SCONJ
cblr-2872	530	48	a	a	DET
cblr-2872	530	49	principal	principal	NOUN
cblr-2872	530	50	contributing	contribute	VERB
cblr-2872	530	51	factor	factor	NOUN
cblr-2872	530	52	to	to	ADP
cblr-2872	530	53	the	the	DET
cblr-2872	530	54	destabilization	destabilization	NOUN
cblr-2872	530	55	of	of	ADP
cblr-2872	530	56	the	the	DET
cblr-2872	530	57	financial	financial	ADJ
cblr-2872	530	58	system	system	NOUN
cblr-2872	530	59	in	in	ADP
cblr-2872	530	60	2008	2008	NUM
cblr-2872	530	61	was	be	AUX
cblr-2872	530	62	the	the	DET
cblr-2872	530	63	notable	notable	ADJ
cblr-2872	530	64	lack	lack	NOUN
cblr-2872	530	65	of	of	ADP
cblr-2872	530	66	transparency	transparency	NOUN
cblr-2872	530	67	in	in	ADP
cblr-2872	530	68	what	what	PRON
cblr-2872	530	69	has	have	AUX
cblr-2872	530	70	colloquially	colloquially	ADV
cblr-2872	530	71	been	be	AUX
cblr-2872	530	72	dubbed	dub	VERB
cblr-2872	530	73	'	'	PUNCT
cblr-2872	530	74	the	the	DET
cblr-2872	530	75	shadow	shadow	NOUN
cblr-2872	530	76	banking	banking	NOUN
cblr-2872	530	77	system	system	NOUN
cblr-2872	530	78	'	'	PUNCT
cblr-2872	530	79	.	.	PUNCT
cblr-2872	530	80	.	.	PUNCT
cblr-2872	530	81	.	.	PUNCT
cblr-2872	530	82	.	.	PUNCT
cblr-2872	531	1	the	the	DET
cblr-2872	531	2	opacity	opacity	NOUN
cblr-2872	531	3	with	with	ADP
cblr-2872	531	4	which	which	PRON
cblr-2872	531	5	financial	financial	ADJ
cblr-2872	531	6	institutions	institution	NOUN
cblr-2872	531	7	accumulated	accumulate	VERB
cblr-2872	531	8	significant	significant	ADJ
cblr-2872	531	9	exposures	exposure	NOUN
cblr-2872	531	10	to	to	ADP
cblr-2872	531	11	credit	credit	NOUN
cblr-2872	531	12	derivatives	derivative	NOUN
cblr-2872	531	13	has	have	AUX
cblr-2872	531	14	naturally	naturally	ADV
cblr-2872	531	15	led	lead	VERB
cblr-2872	531	16	to	to	ADP
cblr-2872	531	17	a	a	DET
cblr-2872	531	18	variety	variety	NOUN
cblr-2872	531	19	of	of	ADP
cblr-2872	531	20	u.s	u.s	PROPN
cblr-2872	531	21	.	.	PROPN
cblr-2872	531	22	and	and	CCONJ
cblr-2872	531	23	international	international	ADJ
cblr-2872	531	24	reform	reform	NOUN
cblr-2872	531	25	proposals	proposal	NOUN
cblr-2872	531	26	aimed	aim	VERB
cblr-2872	531	27	at	at	ADP
cblr-2872	531	28	casting	cast	VERB
cblr-2872	531	29	light	light	NOUN
cblr-2872	531	30	on	on	ADP
cblr-2872	531	31	this	this	DET
cblr-2872	531	32	important	important	ADJ
cblr-2872	531	33	corner	corner	NOUN
cblr-2872	531	34	of	of	ADP
cblr-2872	531	35	the	the	DET
cblr-2872	531	36	financial	financial	ADJ
cblr-2872	531	37	sector	sector	NOUN
cblr-2872	531	38	.	.	PUNCT
cblr-2872	532	1	"	"	PUNCT
cblr-2872	532	2	)	)	PUNCT
cblr-2872	532	3	;	;	PUNCT
cblr-2872	532	4	hu	hu	PROPN
cblr-2872	532	5	,	,	PUNCT
cblr-2872	532	6	supra	supra	PROPN
cblr-2872	532	7	note	note	PROPN
cblr-2872	532	8	1	1	NUM
cblr-2872	532	9	,	,	PUNCT
cblr-2872	532	10	at	at	ADP
cblr-2872	532	11	1492	1492	NUM
cblr-2872	532	12	-	-	SYM
cblr-2872	532	13	95	95	NUM
cblr-2872	532	14	(	(	PUNCT
cblr-2872	532	15	describing	describe	VERB
cblr-2872	532	16	principal	principal	ADJ
cblr-2872	532	17	-	-	PUNCT
cblr-2872	532	18	agent	agent	NOUN
cblr-2872	532	19	concerns	concern	NOUN
cblr-2872	532	20	)	)	PUNCT
cblr-2872	532	21	.	.	PUNCT
cblr-2872	533	1	62	62	NUM
cblr-2872	533	2	some	some	PRON
cblr-2872	533	3	of	of	ADP
cblr-2872	533	4	these	these	DET
cblr-2872	533	5	misperceptions	misperception	NOUN
cblr-2872	533	6	are	be	AUX
cblr-2872	533	7	common	common	ADJ
cblr-2872	533	8	in	in	ADP
cblr-2872	533	9	the	the	DET
cblr-2872	533	10	derivatives	derivative	NOUN
cblr-2872	533	11	markets	market	NOUN
cblr-2872	533	12	.	.	PUNCT
cblr-2872	534	1	see	see	VERB
cblr-2872	534	2	,	,	PUNCT
cblr-2872	534	3	e.g.	e.g.	ADV
cblr-2872	534	4	,	,	PUNCT
cblr-2872	534	5	hu	hu	PROPN
cblr-2872	534	6	,	,	PUNCT
cblr-2872	534	7	supra	supra	PROPN
cblr-2872	534	8	note	note	PROPN
cblr-2872	534	9	1	1	NUM
cblr-2872	534	10	,	,	PUNCT
cblr-2872	534	11	at	at	ADP
cblr-2872	534	12	1487	1487	NUM
cblr-2872	534	13	-	-	SYM
cblr-2872	534	14	91	91	NUM
cblr-2872	534	15	(	(	PUNCT
cblr-2872	534	16	describing	describe	VERB
cblr-2872	534	17	financial	financial	ADJ
cblr-2872	534	18	heuristics	heuristic	NOUN
cblr-2872	534	19	and	and	CCONJ
cblr-2872	534	20	biases	bias	NOUN
cblr-2872	534	21	that	that	PRON
cblr-2872	534	22	cause	cause	VERB
cblr-2872	534	23	"	"	PUNCT
cblr-2872	534	24	departures	departure	NOUN
cblr-2872	534	25	from	from	ADP
cblr-2872	534	26	the	the	DET
cblr-2872	534	27	rational	rational	ADJ
cblr-2872	534	28	actor	actor	NOUN
cblr-2872	534	29	model	model	NOUN
cblr-2872	534	30	,	,	PUNCT
cblr-2872	534	31	"	"	PUNCT
cblr-2872	534	32	which	which	PRON
cblr-2872	534	33	include	include	VERB
cblr-2872	534	34	the	the	DET
cblr-2872	534	35	"	"	PUNCT
cblr-2872	534	36	threshold	threshold	NOUN
cblr-2872	534	37	effect"-the	effect"-the	DET
cblr-2872	534	38	fact	fact	NOUN
cblr-2872	534	39	that	that	SCONJ
cblr-2872	534	40	individuals	individual	NOUN
cblr-2872	534	41	tend	tend	VERB
cblr-2872	534	42	to	to	PART
cblr-2872	534	43	ignore	ignore	VERB
cblr-2872	534	44	low	low	ADJ
cblr-2872	534	45	probability	probability	NOUN
cblr-2872	534	46	catastrophic	catastrophic	ADJ
cblr-2872	534	47	events	event	NOUN
cblr-2872	534	48	such	such	ADJ
cblr-2872	534	49	as	as	ADP
cblr-2872	534	50	defaults	default	NOUN
cblr-2872	534	51	-	-	PUNCT
cblr-2872	534	52	the	the	DET
cblr-2872	534	53	"	"	PUNCT
cblr-2872	534	54	availability	availability	NOUN
cblr-2872	534	55	effect"-the	effect"-the	DET
cblr-2872	534	56	use	use	NOUN
cblr-2872	534	57	of	of	ADP
cblr-2872	534	58	information	information	NOUN
cblr-2872	534	59	about	about	ADP
cblr-2872	534	60	associated	associated	ADJ
cblr-2872	534	61	events	event	NOUN
cblr-2872	534	62	to	to	PART
cblr-2872	534	63	estimate	estimate	VERB
cblr-2872	534	64	the	the	DET
cblr-2872	534	65	probability	probability	NOUN
cblr-2872	534	66	of	of	ADP
cblr-2872	534	67	something	something	PRON
cblr-2872	534	68	occurring	occur	VERB
cblr-2872	534	69	-	-	PUNCT
cblr-2872	534	70	and	and	CCONJ
cblr-2872	534	71	the	the	DET
cblr-2872	534	72	"	"	PUNCT
cblr-2872	534	73	expert	expert	NOUN
cblr-2872	534	74	effect"an	effect"an	NOUN
cblr-2872	534	75	overemphasis	overemphasis	NOUN
cblr-2872	534	76	on	on	ADP
cblr-2872	534	77	the	the	DET
cblr-2872	534	78	importance	importance	NOUN
cblr-2872	534	79	of	of	ADP
cblr-2872	534	80	variables	variable	NOUN
cblr-2872	534	81	best	well	ADV
cblr-2872	534	82	understood	understand	VERB
cblr-2872	534	83	by	by	ADP
cblr-2872	534	84	an	an	DET
cblr-2872	534	85	individual	individual	NOUN
cblr-2872	534	86	)	)	PUNCT
cblr-2872	534	87	.	.	PUNCT
cblr-2872	535	1	701no	701no	NOUN
cblr-2872	535	2	.	.	PUNCT
cblr-2872	536	1	3:667	3:667	NUM
cblr-2872	536	2	]	]	PUNCT
cblr-2872	536	3	regulation	regulation	NOUN
cblr-2872	536	4	through	through	ADP
cblr-2872	536	5	substitution	substitution	NOUN
cblr-2872	536	6	a.	a.	NOUN
cblr-2872	536	7	dodd	dodd	PROPN
cblr-2872	536	8	-	-	PUNCT
cblr-2872	536	9	frank	frank	PROPN
cblr-2872	536	10	as	as	ADP
cblr-2872	536	11	an	an	DET
cblr-2872	536	12	increase	increase	NOUN
cblr-2872	536	13	in	in	ADP
cblr-2872	536	14	the	the	DET
cblr-2872	536	15	absolute	absolute	ADJ
cblr-2872	536	16	cost	cost	NOUN
cblr-2872	536	17	of	of	ADP
cblr-2872	536	18	swaps	swap	NOUN
cblr-2872	536	19	viewed	view	VERB
cblr-2872	536	20	through	through	ADP
cblr-2872	536	21	the	the	DET
cblr-2872	536	22	lens	lens	NOUN
cblr-2872	536	23	of	of	ADP
cblr-2872	536	24	our	our	PRON
cblr-2872	536	25	model	model	NOUN
cblr-2872	536	26	,	,	PUNCT
cblr-2872	536	27	title	title	NOUN
cblr-2872	536	28	vii	vii	PROPN
cblr-2872	536	29	seeks	seek	VERB
cblr-2872	536	30	to	to	PART
cblr-2872	536	31	increase	increase	VERB
cblr-2872	536	32	the	the	DET
cblr-2872	536	33	absolute	absolute	ADJ
cblr-2872	536	34	cost	cost	NOUN
cblr-2872	536	35	of	of	ADP
cblr-2872	536	36	swaps	swap	NOUN
cblr-2872	536	37	to	to	ADP
cblr-2872	536	38	the	the	DET
cblr-2872	536	39	counterparties	counterpartie	NOUN
cblr-2872	536	40	in	in	ADP
cblr-2872	536	41	two	two	NUM
cblr-2872	536	42	ways	way	NOUN
cblr-2872	536	43	.	.	PUNCT
cblr-2872	537	1	first	first	ADV
cblr-2872	537	2	,	,	PUNCT
cblr-2872	537	3	through	through	ADP
cblr-2872	537	4	regulatory	regulatory	ADJ
cblr-2872	537	5	requirements	requirement	NOUN
cblr-2872	537	6	such	such	ADJ
cblr-2872	537	7	as	as	ADP
cblr-2872	537	8	margin	margin	NOUN
cblr-2872	537	9	and	and	CCONJ
cblr-2872	537	10	clearing	clearing	NOUN
cblr-2872	537	11	,	,	PUNCT
cblr-2872	537	12	title	title	NOUN
cblr-2872	537	13	vii	vii	PROPN
cblr-2872	537	14	requires	require	VERB
cblr-2872	537	15	market	market	NOUN
cblr-2872	537	16	participants	participant	NOUN
cblr-2872	537	17	to	to	PART
cblr-2872	537	18	internalize	internalize	VERB
cblr-2872	537	19	a	a	DET
cblr-2872	537	20	portion	portion	NOUN
cblr-2872	537	21	of	of	ADP
cblr-2872	537	22	the	the	DET
cblr-2872	537	23	absolute	absolute	ADJ
cblr-2872	537	24	costs	cost	NOUN
cblr-2872	537	25	that	that	PRON
cblr-2872	537	26	swaps	swap	NOUN
cblr-2872	537	27	pose	pose	VERB
cblr-2872	537	28	on	on	ADP
cblr-2872	537	29	external	external	ADJ
cblr-2872	537	30	parties	party	NOUN
cblr-2872	537	31	,	,	PUNCT
cblr-2872	537	32	thereby	thereby	ADV
cblr-2872	537	33	decreasing	decrease	VERB
cblr-2872	537	34	the	the	DET
cblr-2872	537	35	net	net	ADJ
cblr-2872	537	36	benefit	benefit	NOUN
cblr-2872	537	37	of	of	ADP
cblr-2872	537	38	swap	swap	NOUN
cblr-2872	537	39	transactions	transaction	NOUN
cblr-2872	537	40	and	and	CCONJ
cblr-2872	537	41	discouraging	discourage	VERB
cblr-2872	537	42	their	their	PRON
cblr-2872	537	43	use	use	NOUN
cblr-2872	537	44	.	.	PUNCT
cblr-2872	538	1	second	second	ADJ
cblr-2872	538	2	,	,	PUNCT
cblr-2872	538	3	through	through	ADP
cblr-2872	538	4	disclosure	disclosure	NOUN
cblr-2872	538	5	and	and	CCONJ
cblr-2872	538	6	transparency	transparency	NOUN
cblr-2872	538	7	requirements	requirement	NOUN
cblr-2872	538	8	,	,	PUNCT
cblr-2872	538	9	title	title	NOUN
cblr-2872	538	10	vii	vii	PROPN
cblr-2872	538	11	seeks	seek	VERB
cblr-2872	538	12	to	to	PART
cblr-2872	538	13	make	make	VERB
cblr-2872	538	14	market	market	NOUN
cblr-2872	538	15	participants	participant	NOUN
cblr-2872	538	16	aware	aware	ADJ
cblr-2872	538	17	of	of	ADP
cblr-2872	538	18	the	the	DET
cblr-2872	538	19	true	true	ADJ
cblr-2872	538	20	costs	cost	NOUN
cblr-2872	538	21	of	of	ADP
cblr-2872	538	22	a	a	DET
cblr-2872	538	23	swap	swap	NOUN
cblr-2872	538	24	transaction	transaction	NOUN
cblr-2872	538	25	to	to	PART
cblr-2872	538	26	better	well	ADV
cblr-2872	538	27	align	align	VERB
cblr-2872	538	28	them	they	PRON
cblr-2872	538	29	with	with	ADP
cblr-2872	538	30	the	the	DET
cblr-2872	538	31	actual	actual	ADJ
cblr-2872	538	32	costs	cost	NOUN
cblr-2872	538	33	to	to	ADP
cblr-2872	538	34	the	the	DET
cblr-2872	538	35	counterparty.63	counterparty.63	PROPN
cblr-2872	538	36	under	under	ADP
cblr-2872	538	37	the	the	DET
cblr-2872	538	38	theory	theory	NOUN
cblr-2872	538	39	that	that	SCONJ
cblr-2872	538	40	market	market	NOUN
cblr-2872	538	41	participants	participant	NOUN
cblr-2872	538	42	have	have	AUX
cblr-2872	538	43	historically	historically	ADV
cblr-2872	538	44	underestimated	underestimate	VERB
cblr-2872	538	45	the	the	DET
cblr-2872	538	46	costs	cost	NOUN
cblr-2872	538	47	of	of	ADP
cblr-2872	538	48	swap	swap	NOUN
cblr-2872	538	49	transactions	transaction	NOUN
cblr-2872	538	50	,	,	PUNCT
cblr-2872	538	51	this	this	DET
cblr-2872	538	52	additional	additional	ADJ
cblr-2872	538	53	disclosure	disclosure	NOUN
cblr-2872	538	54	and	and	CCONJ
cblr-2872	538	55	transparency	transparency	NOUN
cblr-2872	538	56	should	should	AUX
cblr-2872	538	57	have	have	VERB
cblr-2872	538	58	the	the	DET
cblr-2872	538	59	same	same	ADJ
cblr-2872	538	60	effect	effect	NOUN
cblr-2872	538	61	:	:	PUNCT
cblr-2872	538	62	discouraging	discourage	VERB
cblr-2872	538	63	use	use	NOUN
cblr-2872	538	64	of	of	ADP
cblr-2872	538	65	swaps	swap	NOUN
cblr-2872	538	66	by	by	ADP
cblr-2872	538	67	increasing	increase	VERB
cblr-2872	538	68	the	the	DET
cblr-2872	538	69	real	real	ADJ
cblr-2872	538	70	or	or	CCONJ
cblr-2872	538	71	perceived	perceive	VERB
cblr-2872	538	72	costs	cost	NOUN
cblr-2872	538	73	.	.	PUNCT
cblr-2872	539	1	1	1	X
cblr-2872	539	2	.	.	X
cblr-2872	539	3	internalizing	internalize	VERB
cblr-2872	539	4	absolute	absolute	ADJ
cblr-2872	539	5	cost	cost	NOUN
cblr-2872	539	6	externalities	externality	NOUN
cblr-2872	539	7	a	a	DET
cblr-2872	539	8	primary	primary	ADJ
cblr-2872	539	9	way	way	NOUN
cblr-2872	539	10	in	in	ADP
cblr-2872	539	11	which	which	PRON
cblr-2872	539	12	title	title	NOUN
cblr-2872	539	13	vii	vii	PROPN
cblr-2872	539	14	increases	increase	VERB
cblr-2872	539	15	the	the	DET
cblr-2872	539	16	absolute	absolute	ADJ
cblr-2872	539	17	cost	cost	NOUN
cblr-2872	539	18	of	of	ADP
cblr-2872	539	19	swap	swap	NOUN
cblr-2872	539	20	transactions	transaction	NOUN
cblr-2872	539	21	is	be	AUX
cblr-2872	539	22	by	by	ADP
cblr-2872	539	23	requiring	require	VERB
cblr-2872	539	24	market	market	NOUN
cblr-2872	539	25	participants	participant	NOUN
cblr-2872	539	26	to	to	PART
cblr-2872	539	27	internalize	internalize	VERB
cblr-2872	539	28	externalities	externality	NOUN
cblr-2872	539	29	created	create	VERB
cblr-2872	539	30	by	by	ADP
cblr-2872	539	31	entering	enter	VERB
cblr-2872	539	32	into	into	ADP
cblr-2872	539	33	swap	swap	NOUN
cblr-2872	539	34	transactions	transaction	NOUN
cblr-2872	539	35	.	.	PUNCT
cblr-2872	540	1	the	the	DET
cblr-2872	540	2	most	most	ADV
cblr-2872	540	3	important	important	ADJ
cblr-2872	540	4	of	of	ADP
cblr-2872	540	5	these	these	DET
cblr-2872	540	6	externalities	externality	NOUN
cblr-2872	540	7	is	be	AUX
cblr-2872	540	8	the	the	DET
cblr-2872	540	9	creation	creation	NOUN
cblr-2872	540	10	of	of	ADP
cblr-2872	540	11	systemic	systemic	ADJ
cblr-2872	540	12	risk	risk	NOUN
cblr-2872	540	13	in	in	ADP
cblr-2872	540	14	the	the	DET
cblr-2872	540	15	form	form	NOUN
cblr-2872	540	16	of	of	ADP
cblr-2872	540	17	counterparty	counterparty	NOUN
cblr-2872	540	18	credit	credit	NOUN
cblr-2872	540	19	risk	risk	NOUN
cblr-2872	540	20	resulting	result	VERB
cblr-2872	540	21	from	from	ADP
cblr-2872	540	22	bilateral	bilateral	ADJ
cblr-2872	540	23	transactions	transaction	NOUN
cblr-2872	540	24	between	between	ADP
cblr-2872	540	25	unregulated	unregulated	ADJ
cblr-2872	540	26	market	market	NOUN
cblr-2872	540	27	participants.64	participants.64	NOUN
cblr-2872	540	28	this	this	DET
cblr-2872	540	29	credit	credit	NOUN
cblr-2872	540	30	risk	risk	NOUN
cblr-2872	540	31	-	-	PUNCT
cblr-2872	540	32	the	the	DET
cblr-2872	540	33	63	63	NUM
cblr-2872	540	34	there	there	PRON
cblr-2872	540	35	are	be	VERB
cblr-2872	540	36	doubts	doubt	NOUN
cblr-2872	540	37	as	as	ADP
cblr-2872	540	38	to	to	ADP
cblr-2872	540	39	whether	whether	SCONJ
cblr-2872	540	40	information	information	NOUN
cblr-2872	540	41	disclosure	disclosure	NOUN
cblr-2872	540	42	will	will	AUX
cblr-2872	540	43	help	help	VERB
cblr-2872	540	44	investors	investor	NOUN
cblr-2872	540	45	understand	understand	VERB
cblr-2872	540	46	the	the	DET
cblr-2872	540	47	risks	risk	NOUN
cblr-2872	540	48	of	of	ADP
cblr-2872	540	49	complex	complex	ADJ
cblr-2872	540	50	derivatives	derivative	NOUN
cblr-2872	540	51	.	.	PUNCT
cblr-2872	541	1	see	see	VERB
cblr-2872	541	2	,	,	PUNCT
cblr-2872	541	3	e.g.	e.g.	ADV
cblr-2872	541	4	,	,	PUNCT
cblr-2872	541	5	bartlett	bartlett	PROPN
cblr-2872	541	6	iii	iii	PROPN
cblr-2872	541	7	,	,	PUNCT
cblr-2872	541	8	supra	supra	PROPN
cblr-2872	541	9	note	note	NOUN
cblr-2872	541	10	61	61	NUM
cblr-2872	541	11	,	,	PUNCT
cblr-2872	541	12	at	at	ADP
cblr-2872	541	13	57	57	NUM
cblr-2872	541	14	(	(	PUNCT
cblr-2872	541	15	performing	perform	VERB
cblr-2872	541	16	an	an	DET
cblr-2872	541	17	event	event	NOUN
cblr-2872	541	18	study	study	NOUN
cblr-2872	541	19	related	relate	VERB
cblr-2872	541	20	to	to	ADP
cblr-2872	541	21	collateralized	collateralized	ADJ
cblr-2872	541	22	debt	debt	NOUN
cblr-2872	541	23	obligation	obligation	NOUN
cblr-2872	541	24	(	(	PUNCT
cblr-2872	541	25	"	"	PUNCT
cblr-2872	541	26	cdo	cdo	ADJ
cblr-2872	541	27	"	"	PUNCT
cblr-2872	541	28	)	)	PUNCT
cblr-2872	541	29	disclosure	disclosure	NOUN
cblr-2872	541	30	by	by	ADP
cblr-2872	541	31	monoline	monoline	NOUN
cblr-2872	541	32	insurance	insurance	NOUN
cblr-2872	541	33	companies	company	NOUN
cblr-2872	541	34	and	and	CCONJ
cblr-2872	541	35	concluding	conclude	VERB
cblr-2872	541	36	that	that	SCONJ
cblr-2872	541	37	"	"	PUNCT
cblr-2872	541	38	the	the	DET
cblr-2872	541	39	overall	overall	ADJ
cblr-2872	541	40	results	result	NOUN
cblr-2872	541	41	from	from	ADP
cblr-2872	541	42	this	this	DET
cblr-2872	541	43	study	study	NOUN
cblr-2872	541	44	indicate	indicate	VERB
cblr-2872	541	45	that	that	SCONJ
cblr-2872	541	46	investors	investor	NOUN
cblr-2872	541	47	in	in	ADP
cblr-2872	541	48	monoline	monoline	NOUN
cblr-2872	541	49	insurers	insurer	NOUN
cblr-2872	541	50	showed	show	VERB
cblr-2872	541	51	little	little	ADJ
cblr-2872	541	52	evidence	evidence	NOUN
cblr-2872	541	53	of	of	ADP
cblr-2872	541	54	efficiently	efficiently	ADV
cblr-2872	541	55	processing	process	VERB
cblr-2872	541	56	monoline	monoline	ADJ
cblr-2872	541	57	derivatives	derivative	NOUN
cblr-2872	541	58	disclosures	disclosure	NOUN
cblr-2872	541	59	during	during	ADP
cblr-2872	541	60	the	the	DET
cblr-2872	541	61	financial	financial	ADJ
cblr-2872	541	62	crisis	crisis	NOUN
cblr-2872	541	63	"	"	PUNCT
cblr-2872	541	64	and	and	CCONJ
cblr-2872	541	65	that	that	SCONJ
cblr-2872	541	66	"	"	PUNCT
cblr-2872	541	67	the	the	DET
cblr-2872	541	68	traditional	traditional	ADJ
cblr-2872	541	69	disclosure	disclosure	NOUN
cblr-2872	541	70	model	model	NOUN
cblr-2872	541	71	aimed	aim	VERB
cblr-2872	541	72	at	at	ADP
cblr-2872	541	73	simply	simply	ADV
cblr-2872	541	74	disseminating	disseminate	VERB
cblr-2872	541	75	information	information	NOUN
cblr-2872	541	76	to	to	ADP
cblr-2872	541	77	the	the	DET
cblr-2872	541	78	public	public	ADJ
cblr-2872	541	79	domain	domain	NOUN
cblr-2872	541	80	is	be	AUX
cblr-2872	541	81	unlikely	unlikely	ADJ
cblr-2872	541	82	to	to	PART
cblr-2872	541	83	have	have	VERB
cblr-2872	541	84	significant	significant	ADJ
cblr-2872	541	85	efficacy	efficacy	NOUN
cblr-2872	541	86	when	when	SCONJ
cblr-2872	541	87	it	it	PRON
cblr-2872	541	88	comes	come	VERB
cblr-2872	541	89	to	to	ADP
cblr-2872	541	90	disclosures	disclosure	NOUN
cblr-2872	541	91	pertaining	pertain	VERB
cblr-2872	541	92	to	to	ADP
cblr-2872	541	93	complex	complex	ADJ
cblr-2872	541	94	credit	credit	NOUN
cblr-2872	541	95	derivatives	derivative	NOUN
cblr-2872	541	96	"	"	PUNCT
cblr-2872	541	97	)	)	PUNCT
cblr-2872	541	98	.	.	PUNCT
cblr-2872	542	1	64	64	NUM
cblr-2872	542	2	see	see	VERB
cblr-2872	542	3	,	,	PUNCT
cblr-2872	542	4	e.g.	e.g.	ADV
cblr-2872	542	5	,	,	PUNCT
cblr-2872	542	6	hu	hu	PROPN
cblr-2872	542	7	,	,	PUNCT
cblr-2872	542	8	supra	supra	PROPN
cblr-2872	542	9	note	note	PROPN
cblr-2872	542	10	1	1	NUM
cblr-2872	542	11	,	,	PUNCT
cblr-2872	542	12	at	at	ADP
cblr-2872	542	13	1468	1468	NUM
cblr-2872	542	14	(	(	PUNCT
cblr-2872	542	15	"	"	PUNCT
cblr-2872	542	16	when	when	SCONJ
cblr-2872	542	17	a	a	DET
cblr-2872	542	18	bank	bank	NOUN
cblr-2872	542	19	loans	loan	VERB
cblr-2872	542	20	money	money	NOUN
cblr-2872	542	21	to	to	ADP
cblr-2872	542	22	a	a	DET
cblr-2872	542	23	corporation	corporation	NOUN
cblr-2872	542	24	,	,	PUNCT
cblr-2872	542	25	the	the	DET
cblr-2872	542	26	'	'	PUNCT
cblr-2872	542	27	credit	credit	NOUN
cblr-2872	542	28	risk	risk	NOUN
cblr-2872	542	29	'	'	PUNCT
cblr-2872	542	30	is	be	AUX
cblr-2872	542	31	the	the	DET
cblr-2872	542	32	risk	risk	NOUN
cblr-2872	542	33	that	that	SCONJ
cblr-2872	542	34	the	the	DET
cblr-2872	542	35	corporation	corporation	NOUN
cblr-2872	542	36	will	will	AUX
cblr-2872	542	37	fail	fail	VERB
cblr-2872	542	38	to	to	ADP
cblr-2872	542	39	702	702	NUM
cblr-2872	542	40	col	col	PROPN
cblr-2872	542	41	umia	umia	NOUN
cblr-2872	542	42	b	b	PROPN
cblr-2872	542	43	usiness	usiness	PROPN
cblr-2872	542	44	la	la	PROPN
cblr-2872	542	45	w	w	PROPN
cblr-2872	542	46	re	re	PROPN
cblr-2872	542	47	vie	vie	PROPN
cblr-2872	542	48	w	w	PROPN
cblr-2872	543	1	[	[	X
cblr-2872	543	2	vol	vol	NOUN
cblr-2872	543	3	.	.	PUNCT
cblr-2872	543	4	2013	2013	NUM
cblr-2872	543	5	regulation	regulation	NOUN
cblr-2872	543	6	through	through	ADP
cblr-2872	543	7	substitution	substitution	NOUN
cblr-2872	543	8	risk	risk	NOUN
cblr-2872	543	9	that	that	SCONJ
cblr-2872	543	10	a	a	DET
cblr-2872	543	11	person	person	NOUN
cblr-2872	543	12	has	have	AUX
cblr-2872	543	13	that	that	SCONJ
cblr-2872	543	14	its	its	PRON
cblr-2872	543	15	counterparty	counterparty	NOUN
cblr-2872	543	16	will	will	AUX
cblr-2872	543	17	not	not	PART
cblr-2872	543	18	pay	pay	VERB
cblr-2872	543	19	amounts	amount	NOUN
cblr-2872	543	20	owed	owe	VERB
cblr-2872	543	21	-	-	PUNCT
cblr-2872	543	22	can	can	AUX
cblr-2872	543	23	have	have	VERB
cblr-2872	543	24	systemic	systemic	ADJ
cblr-2872	543	25	-	-	PUNCT
cblr-2872	543	26	level	level	NOUN
cblr-2872	543	27	impacts	impact	NOUN
cblr-2872	543	28	in	in	ADP
cblr-2872	543	29	times	time	NOUN
cblr-2872	543	30	of	of	ADP
cblr-2872	543	31	market	market	NOUN
cblr-2872	543	32	stress	stress	NOUN
cblr-2872	543	33	,	,	PUNCT
cblr-2872	543	34	as	as	SCONJ
cblr-2872	543	35	was	be	AUX
cblr-2872	543	36	clearly	clearly	ADV
cblr-2872	543	37	demonstrated	demonstrate	VERB
cblr-2872	543	38	by	by	ADP
cblr-2872	543	39	the	the	DET
cblr-2872	543	40	default	default	NOUN
cblr-2872	543	41	of	of	ADP
cblr-2872	543	42	lehman	lehman	PROPN
cblr-2872	543	43	brothers	brother	NOUN
cblr-2872	543	44	on	on	ADP
cblr-2872	543	45	its	its	PRON
cblr-2872	543	46	bilateral	bilateral	ADJ
cblr-2872	543	47	obligations	obligation	NOUN
cblr-2872	543	48	and	and	CCONJ
cblr-2872	543	49	the	the	DET
cblr-2872	543	50	resulting	result	VERB
cblr-2872	543	51	significant	significant	ADJ
cblr-2872	543	52	market	market	NOUN
cblr-2872	543	53	impacts	impact	NOUN
cblr-2872	543	54	.	.	PUNCT
cblr-2872	544	1	5	5	NUM
cblr-2872	544	2	one	one	NUM
cblr-2872	544	3	of	of	ADP
cblr-2872	544	4	the	the	DET
cblr-2872	544	5	primary	primary	ADJ
cblr-2872	544	6	examples	example	NOUN
cblr-2872	544	7	of	of	ADP
cblr-2872	544	8	an	an	DET
cblr-2872	544	9	actual	actual	ADJ
cblr-2872	544	10	increase	increase	NOUN
cblr-2872	544	11	in	in	ADP
cblr-2872	544	12	the	the	DET
cblr-2872	544	13	absolute	absolute	ADJ
cblr-2872	544	14	cost	cost	NOUN
cblr-2872	544	15	of	of	ADP
cblr-2872	544	16	swap	swap	NOUN
cblr-2872	544	17	transactions	transaction	NOUN
cblr-2872	544	18	due	due	ADJ
cblr-2872	544	19	to	to	ADP
cblr-2872	544	20	dodd	dodd	PROPN
cblr-2872	544	21	-	-	PUNCT
cblr-2872	544	22	frank	frank	PROPN
cblr-2872	544	23	is	be	AUX
cblr-2872	544	24	the	the	DET
cblr-2872	544	25	introduction	introduction	NOUN
cblr-2872	544	26	of	of	ADP
cblr-2872	544	27	central	central	ADJ
cblr-2872	544	28	clearing	clearing	NOUN
cblr-2872	544	29	requirements	requirement	NOUN
cblr-2872	544	30	.	.	PUNCT
cblr-2872	545	1	in	in	ADP
cblr-2872	545	2	an	an	DET
cblr-2872	545	3	attempt	attempt	NOUN
cblr-2872	545	4	to	to	PART
cblr-2872	545	5	decrease	decrease	VERB
cblr-2872	545	6	the	the	DET
cblr-2872	545	7	systemic	systemic	ADJ
cblr-2872	545	8	risk	risk	NOUN
cblr-2872	545	9	posed	pose	VERB
cblr-2872	545	10	by	by	ADP
cblr-2872	545	11	bilateral	bilateral	ADJ
cblr-2872	545	12	swap	swap	NOUN
cblr-2872	545	13	transactions	transaction	NOUN
cblr-2872	545	14	,	,	PUNCT
cblr-2872	545	15	title	title	NOUN
cblr-2872	545	16	vii	vii	PROPN
cblr-2872	545	17	requires	require	VERB
cblr-2872	545	18	market	market	NOUN
cblr-2872	545	19	participants	participant	NOUN
cblr-2872	545	20	to	to	PART
cblr-2872	545	21	"	"	PUNCT
cblr-2872	545	22	clear	clear	ADJ
cblr-2872	545	23	"	"	PUNCT
cblr-2872	545	24	standardized	standardized	ADJ
cblr-2872	545	25	swaps	swap	NOUN
cblr-2872	545	26	at	at	ADP
cblr-2872	545	27	a	a	DET
cblr-2872	545	28	central	central	ADJ
cblr-2872	545	29	clearinghouse	clearinghouse	NOUN
cblr-2872	545	30	.	.	PUNCT
cblr-2872	546	1	66	66	NUM
cblr-2872	546	2	in	in	SCONJ
cblr-2872	546	3	perform	perform	VERB
cblr-2872	546	4	its	its	PRON
cblr-2872	546	5	obligations	obligation	NOUN
cblr-2872	546	6	.	.	PUNCT
cblr-2872	546	7	.	.	PUNCT
cblr-2872	546	8	.	.	PUNCT
cblr-2872	546	9	.	.	PUNCT
cblr-2872	547	1	"	"	PUNCT
cblr-2872	547	2	)	)	PUNCT
cblr-2872	547	3	.	.	PUNCT
cblr-2872	548	1	in	in	ADP
cblr-2872	548	2	a	a	DET
cblr-2872	548	3	"	"	PUNCT
cblr-2872	548	4	bilateral	bilateral	ADJ
cblr-2872	548	5	"	"	PUNCT
cblr-2872	548	6	swap	swap	NOUN
cblr-2872	548	7	transaction	transaction	NOUN
cblr-2872	548	8	,	,	PUNCT
cblr-2872	548	9	two	two	NUM
cblr-2872	548	10	counterparties	counterpartie	NOUN
cblr-2872	548	11	remain	remain	VERB
cblr-2872	548	12	counterparties	counterpartie	NOUN
cblr-2872	548	13	to	to	ADP
cblr-2872	548	14	a	a	DET
cblr-2872	548	15	swap	swap	NOUN
cblr-2872	548	16	,	,	PUNCT
cblr-2872	548	17	without	without	ADP
cblr-2872	548	18	the	the	DET
cblr-2872	548	19	involvement	involvement	NOUN
cblr-2872	548	20	of	of	ADP
cblr-2872	548	21	a	a	DET
cblr-2872	548	22	central	central	ADJ
cblr-2872	548	23	counterparty	counterparty	NOUN
cblr-2872	548	24	or	or	CCONJ
cblr-2872	548	25	other	other	ADJ
cblr-2872	548	26	intermediary	intermediary	NOUN
cblr-2872	548	27	to	to	PART
cblr-2872	548	28	shield	shield	VERB
cblr-2872	548	29	each	each	DET
cblr-2872	548	30	counterparty	counterparty	NOUN
cblr-2872	548	31	from	from	ADP
cblr-2872	548	32	the	the	DET
cblr-2872	548	33	risk	risk	NOUN
cblr-2872	548	34	that	that	SCONJ
cblr-2872	548	35	the	the	DET
cblr-2872	548	36	other	other	ADJ
cblr-2872	548	37	party	party	NOUN
cblr-2872	548	38	will	will	AUX
cblr-2872	548	39	not	not	PART
cblr-2872	548	40	perform	perform	VERB
cblr-2872	548	41	its	its	PRON
cblr-2872	548	42	obligations	obligation	NOUN
cblr-2872	548	43	under	under	ADP
cblr-2872	548	44	the	the	DET
cblr-2872	548	45	swap	swap	NOUN
cblr-2872	548	46	.	.	PUNCT
cblr-2872	549	1	the	the	DET
cblr-2872	549	2	failure	failure	NOUN
cblr-2872	549	3	of	of	ADP
cblr-2872	549	4	counterparties	counterpartie	NOUN
cblr-2872	549	5	to	to	ADP
cblr-2872	549	6	a	a	DET
cblr-2872	549	7	bilateral	bilateral	ADJ
cblr-2872	549	8	transaction	transaction	NOUN
cblr-2872	549	9	to	to	PART
cblr-2872	549	10	fully	fully	ADV
cblr-2872	549	11	address	address	VERB
cblr-2872	549	12	counterparty	counterparty	NOUN
cblr-2872	549	13	credit	credit	NOUN
cblr-2872	549	14	risk	risk	NOUN
cblr-2872	549	15	-	-	PUNCT
cblr-2872	549	16	for	for	ADP
cblr-2872	549	17	example	example	NOUN
cblr-2872	549	18	,	,	PUNCT
cblr-2872	549	19	through	through	ADP
cblr-2872	549	20	margin	margin	NOUN
cblr-2872	549	21	requirements	requirement	NOUN
cblr-2872	549	22	-	-	PUNCT
cblr-2872	549	23	generates	generate	VERB
cblr-2872	549	24	systemic	systemic	ADJ
cblr-2872	549	25	risk	risk	NOUN
cblr-2872	549	26	for	for	ADP
cblr-2872	549	27	financial	financial	ADJ
cblr-2872	549	28	markets	market	NOUN
cblr-2872	549	29	.	.	PUNCT
cblr-2872	550	1	this	this	DET
cblr-2872	550	2	systemic	systemic	ADJ
cblr-2872	550	3	risk	risk	NOUN
cblr-2872	550	4	has	have	AUX
cblr-2872	550	5	long	long	ADV
cblr-2872	550	6	been	be	AUX
cblr-2872	550	7	understood	understand	VERB
cblr-2872	550	8	and	and	CCONJ
cblr-2872	550	9	appreciated	appreciate	VERB
cblr-2872	550	10	.	.	PUNCT
cblr-2872	551	1	see	see	VERB
cblr-2872	551	2	hu	hu	PROPN
cblr-2872	551	3	,	,	PUNCT
cblr-2872	551	4	supra	supra	PROPN
cblr-2872	551	5	note	note	PROPN
cblr-2872	551	6	1	1	NUM
cblr-2872	551	7	,	,	PUNCT
cblr-2872	551	8	at	at	ADP
cblr-2872	551	9	1494	1494	NUM
cblr-2872	551	10	(	(	PUNCT
cblr-2872	551	11	"	"	PUNCT
cblr-2872	551	12	for	for	ADP
cblr-2872	551	13	both	both	CCONJ
cblr-2872	551	14	legal	legal	ADJ
cblr-2872	551	15	and	and	CCONJ
cblr-2872	551	16	policy	policy	NOUN
cblr-2872	551	17	reasons	reason	NOUN
cblr-2872	551	18	then	then	ADV
cblr-2872	551	19	,	,	PUNCT
cblr-2872	551	20	bank	bank	NOUN
cblr-2872	551	21	managers	manager	NOUN
cblr-2872	551	22	are	be	AUX
cblr-2872	551	23	,	,	PUNCT
cblr-2872	551	24	to	to	ADP
cblr-2872	551	25	some	some	DET
cblr-2872	551	26	extent	extent	NOUN
cblr-2872	551	27	,	,	PUNCT
cblr-2872	551	28	the	the	DET
cblr-2872	551	29	agents	agent	NOUN
cblr-2872	551	30	of	of	ADP
cblr-2872	551	31	society	society	NOUN
cblr-2872	551	32	.	.	PUNCT
cblr-2872	552	1	"	"	PUNCT
cblr-2872	552	2	)	)	PUNCT
cblr-2872	552	3	;	;	PUNCT
cblr-2872	552	4	i	i	PRON
cblr-2872	552	5	d.	d.	PROPN
cblr-2872	552	6	at	at	ADP
cblr-2872	552	7	1502	1502	NUM
cblr-2872	552	8	(	(	PUNCT
cblr-2872	552	9	describing	describe	VERB
cblr-2872	552	10	systemic	systemic	ADJ
cblr-2872	552	11	risks	risk	NOUN
cblr-2872	552	12	raised	raise	VERB
cblr-2872	552	13	by	by	ADP
cblr-2872	552	14	derivatives	derivative	NOUN
cblr-2872	552	15	)	)	PUNCT
cblr-2872	552	16	.	.	PUNCT
cblr-2872	553	1	mark	mark	PROPN
cblr-2872	553	2	roe	roe	PROPN
cblr-2872	553	3	describes	describe	VERB
cblr-2872	553	4	how	how	SCONJ
cblr-2872	553	5	systemic	systemic	ADJ
cblr-2872	553	6	risk	risk	NOUN
cblr-2872	553	7	propagates	propagate	VERB
cblr-2872	553	8	.	.	PUNCT
cblr-2872	554	1	see	see	VERB
cblr-2872	554	2	roe	roe	PROPN
cblr-2872	554	3	,	,	PUNCT
cblr-2872	554	4	supra	supra	PROPN
cblr-2872	554	5	note	note	PROPN
cblr-2872	554	6	1	1	NUM
cblr-2872	554	7	,	,	PUNCT
cblr-2872	554	8	at	at	ADP
cblr-2872	554	9	8	8	NUM
cblr-2872	554	10	(	(	PUNCT
cblr-2872	554	11	"	"	PUNCT
cblr-2872	554	12	classic	classic	ADJ
cblr-2872	554	13	systemic	systemic	ADJ
cblr-2872	554	14	risk	risk	NOUN
cblr-2872	554	15	comes	come	VERB
cblr-2872	554	16	from	from	ADP
cblr-2872	554	17	contagion	contagion	NOUN
cblr-2872	554	18	.	.	PUNCT
cblr-2872	555	1	a	a	DET
cblr-2872	555	2	key	key	ADJ
cblr-2872	555	3	institution	institution	NOUN
cblr-2872	555	4	fails	fail	VERB
cblr-2872	555	5	and	and	CCONJ
cblr-2872	555	6	can	can	AUX
cblr-2872	555	7	not	not	PART
cblr-2872	555	8	pay	pay	VERB
cblr-2872	555	9	its	its	PRON
cblr-2872	555	10	debts	debt	NOUN
cblr-2872	555	11	to	to	ADP
cblr-2872	555	12	other	other	ADJ
cblr-2872	555	13	financial	financial	ADJ
cblr-2872	555	14	institutions	institution	NOUN
cblr-2872	555	15	,	,	PUNCT
cblr-2872	555	16	which	which	PRON
cblr-2872	555	17	in	in	ADP
cblr-2872	555	18	turn	turn	NOUN
cblr-2872	555	19	fail	fail	ADJ
cblr-2872	555	20	.	.	PUNCT
cblr-2872	556	1	the	the	DET
cblr-2872	556	2	failures	failure	NOUN
cblr-2872	556	3	cascade	cascade	VERB
cblr-2872	556	4	through	through	ADP
cblr-2872	556	5	the	the	DET
cblr-2872	556	6	interconnected	interconnected	ADJ
cblr-2872	556	7	financial	financial	ADJ
cblr-2872	556	8	sector	sector	NOUN
cblr-2872	556	9	.	.	PUNCT
cblr-2872	556	10	"	"	PUNCT
cblr-2872	556	11	)	)	PUNCT
cblr-2872	556	12	.	.	PUNCT
cblr-2872	557	1	65	65	NUM
cblr-2872	557	2	clearinghouses	clearinghouse	NOUN
cblr-2872	557	3	were	be	AUX
cblr-2872	557	4	developed	develop	VERB
cblr-2872	557	5	to	to	PART
cblr-2872	557	6	mitigate	mitigate	VERB
cblr-2872	557	7	this	this	DET
cblr-2872	557	8	risk	risk	NOUN
cblr-2872	557	9	.	.	PUNCT
cblr-2872	558	1	see	see	VERB
cblr-2872	558	2	yadav	yadav	PROPN
cblr-2872	558	3	,	,	PUNCT
cblr-2872	558	4	supra	supra	PROPN
cblr-2872	558	5	note	note	PROPN
cblr-2872	558	6	1	1	NUM
cblr-2872	558	7	,	,	PUNCT
cblr-2872	558	8	at	at	ADP
cblr-2872	558	9	410	410	NUM
cblr-2872	558	10	.	.	PUNCT
cblr-2872	559	1	of	of	ADP
cblr-2872	559	2	course	course	NOUN
cblr-2872	559	3	,	,	PUNCT
cblr-2872	559	4	many	many	ADJ
cblr-2872	559	5	believe	believe	VERB
cblr-2872	559	6	that	that	SCONJ
cblr-2872	559	7	clearinghouses	clearinghouse	NOUN
cblr-2872	559	8	do	do	AUX
cblr-2872	559	9	not	not	PART
cblr-2872	559	10	sufficiently	sufficiently	ADV
cblr-2872	559	11	solve	solve	VERB
cblr-2872	559	12	this	this	DET
cblr-2872	559	13	problem	problem	NOUN
cblr-2872	559	14	.	.	PUNCT
cblr-2872	560	1	see	see	VERB
cblr-2872	560	2	,	,	PUNCT
cblr-2872	560	3	e.g.	e.g.	ADV
cblr-2872	560	4	,	,	PUNCT
cblr-2872	560	5	roe	roe	NOUN
cblr-2872	560	6	,	,	PUNCT
cblr-2872	560	7	supra	supra	PROPN
cblr-2872	560	8	note	note	PROPN
cblr-2872	560	9	1	1	NUM
cblr-2872	560	10	,	,	PUNCT
cblr-2872	560	11	at	at	ADP
cblr-2872	560	12	46	46	NUM
cblr-2872	560	13	(	(	PUNCT
cblr-2872	560	14	"	"	PUNCT
cblr-2872	560	15	first	first	ADV
cblr-2872	560	16	,	,	PUNCT
cblr-2872	560	17	the	the	DET
cblr-2872	560	18	risk	risk	NOUN
cblr-2872	560	19	transfer	transfer	NOUN
cblr-2872	560	20	principle	principle	NOUN
cblr-2872	560	21	neutralizes	neutralize	VERB
cblr-2872	560	22	most	most	ADJ
cblr-2872	560	23	of	of	ADP
cblr-2872	560	24	the	the	DET
cblr-2872	560	25	extolled	extoll	VERB
cblr-2872	560	26	systemic	systemic	ADJ
cblr-2872	560	27	benefits	benefit	NOUN
cblr-2872	560	28	of	of	ADP
cblr-2872	560	29	clearinghouses	clearinghouse	NOUN
cblr-2872	560	30	,	,	PUNCT
cblr-2872	560	31	and	and	CCONJ
cblr-2872	560	32	this	this	DET
cblr-2872	560	33	principle	principle	NOUN
cblr-2872	560	34	allows	allow	VERB
cblr-2872	560	35	us	we	PRON
cblr-2872	560	36	to	to	PART
cblr-2872	560	37	organize	organize	VERB
cblr-2872	560	38	,	,	PUNCT
cblr-2872	560	39	deepen	deepen	VERB
cblr-2872	560	40	,	,	PUNCT
cblr-2872	560	41	and	and	CCONJ
cblr-2872	560	42	extend	extend	VERB
cblr-2872	560	43	the	the	DET
cblr-2872	560	44	understanding	understanding	NOUN
cblr-2872	560	45	of	of	ADP
cblr-2872	560	46	clearinghouse	clearinghouse	NOUN
cblr-2872	560	47	'	'	PART
cblr-2872	560	48	[	[	NOUN
cblr-2872	560	49	sic	sic	ADJ
cblr-2872	560	50	]	]	X
cblr-2872	560	51	systemic	systemic	ADJ
cblr-2872	560	52	limits	limit	NOUN
cblr-2872	560	53	.	.	PUNCT
cblr-2872	561	1	eliminating	eliminate	VERB
cblr-2872	561	2	risk	risk	NOUN
cblr-2872	561	3	between	between	ADP
cblr-2872	561	4	the	the	DET
cblr-2872	561	5	two	two	NUM
cblr-2872	561	6	parties	party	NOUN
cblr-2872	561	7	to	to	ADP
cblr-2872	561	8	a	a	DET
cblr-2872	561	9	transaction	transaction	NOUN
cblr-2872	561	10	can	can	AUX
cblr-2872	561	11	mistakenly	mistakenly	ADV
cblr-2872	561	12	be	be	AUX
cblr-2872	561	13	thought	think	VERB
cblr-2872	561	14	to	to	PART
cblr-2872	561	15	eliminate	eliminate	VERB
cblr-2872	561	16	the	the	DET
cblr-2872	561	17	risk	risk	NOUN
cblr-2872	561	18	from	from	ADP
cblr-2872	561	19	the	the	DET
cblr-2872	561	20	system	system	NOUN
cblr-2872	561	21	,	,	PUNCT
cblr-2872	561	22	when	when	SCONJ
cblr-2872	561	23	that	that	DET
cblr-2872	561	24	risk	risk	NOUN
cblr-2872	561	25	is	be	AUX
cblr-2872	561	26	only	only	ADV
cblr-2872	561	27	transferred	transfer	VERB
cblr-2872	561	28	to	to	ADP
cblr-2872	561	29	a	a	DET
cblr-2872	561	30	third	third	ADJ
cblr-2872	561	31	party	party	NOUN
cblr-2872	561	32	.	.	PUNCT
cblr-2872	562	1	"	"	PUNCT
cblr-2872	562	2	)	)	PUNCT
cblr-2872	562	3	.	.	PUNCT
cblr-2872	563	1	66	66	NUM
cblr-2872	563	2	see	see	VERB
cblr-2872	563	3	wall	wall	PROPN
cblr-2872	563	4	street	street	PROPN
cblr-2872	563	5	transparency	transparency	NOUN
cblr-2872	563	6	and	and	CCONJ
cblr-2872	563	7	accountability	accountability	NOUN
cblr-2872	563	8	act	act	NOUN
cblr-2872	563	9	of	of	ADP
cblr-2872	563	10	2010	2010	NUM
cblr-2872	563	11	,	,	PUNCT
cblr-2872	563	12	pub	pub	NOUN
cblr-2872	563	13	.	.	PUNCT
cblr-2872	564	1	l.	l.	PROPN
cblr-2872	564	2	no	no	INTJ
cblr-2872	564	3	.	.	PROPN
cblr-2872	564	4	111	111	NUM
cblr-2872	564	5	-	-	SYM
cblr-2872	564	6	203	203	NUM
cblr-2872	564	7	,	,	PUNCT
cblr-2872	564	8	124	124	NUM
cblr-2872	564	9	stat	stat	NOUN
cblr-2872	564	10	.	.	PUNCT
cblr-2872	565	1	1641	1641	NUM
cblr-2872	565	2	(	(	PUNCT
cblr-2872	565	3	2010	2010	NUM
cblr-2872	565	4	)	)	PUNCT
cblr-2872	565	5	.	.	PUNCT
cblr-2872	566	1	since	since	SCONJ
cblr-2872	566	2	the	the	DET
cblr-2872	566	3	financial	financial	ADJ
cblr-2872	566	4	crisis	crisis	NOUN
cblr-2872	566	5	,	,	PUNCT
cblr-2872	566	6	the	the	DET
cblr-2872	566	7	clearing	clearing	NOUN
cblr-2872	566	8	of	of	ADP
cblr-2872	566	9	standardized	standardized	ADJ
cblr-2872	566	10	swaps	swap	NOUN
cblr-2872	566	11	has	have	AUX
cblr-2872	566	12	been	be	AUX
cblr-2872	566	13	considered	consider	VERB
cblr-2872	566	14	one	one	NUM
cblr-2872	566	15	of	of	ADP
cblr-2872	566	16	the	the	DET
cblr-2872	566	17	main	main	ADJ
cblr-2872	566	18	pillars	pillar	NOUN
cblr-2872	566	19	of	of	ADP
cblr-2872	566	20	financial	financial	ADJ
cblr-2872	566	21	reform	reform	NOUN
cblr-2872	566	22	.	.	PUNCT
cblr-2872	567	1	in	in	ADP
cblr-2872	567	2	its	its	PRON
cblr-2872	567	3	white	white	ADJ
cblr-2872	567	4	paper	paper	NOUN
cblr-2872	567	5	on	on	ADP
cblr-2872	567	6	financial	financial	ADJ
cblr-2872	567	7	regulation	regulation	NOUN
cblr-2872	567	8	that	that	PRON
cblr-2872	567	9	served	serve	VERB
cblr-2872	567	10	as	as	ADP
cblr-2872	567	11	the	the	DET
cblr-2872	567	12	blueprint	blueprint	NOUN
cblr-2872	567	13	for	for	ADP
cblr-2872	567	14	dodd	dodd	PROPN
cblr-2872	567	15	-	-	PUNCT
cblr-2872	567	16	frank	frank	PROPN
cblr-2872	567	17	,	,	PUNCT
cblr-2872	567	18	the	the	DET
cblr-2872	567	19	department	department	NOUN
cblr-2872	567	20	of	of	ADP
cblr-2872	567	21	the	the	DET
cblr-2872	567	22	treasury	treasury	NOUN
cblr-2872	567	23	stated	state	VERB
cblr-2872	567	24	that	that	SCONJ
cblr-2872	567	25	"	"	PUNCT
cblr-2872	567	26	[	[	X
cblr-2872	567	27	t]o	t]o	NOUN
cblr-2872	567	28	contain	contain	VERB
cblr-2872	567	29	systemic	systemic	ADJ
cblr-2872	567	30	risks	risk	NOUN
cblr-2872	567	31	,	,	PUNCT
cblr-2872	567	32	the	the	DET
cblr-2872	567	33	commodities	commodity	NOUN
cblr-2872	567	34	exchange	exchange	PROPN
cblr-2872	567	35	act	act	NOUN
cblr-2872	567	36	(	(	PUNCT
cblr-2872	567	37	"	"	PUNCT
cblr-2872	567	38	cea	cea	PROPN
cblr-2872	567	39	"	"	PUNCT
cblr-2872	567	40	)	)	PUNCT
cblr-2872	567	41	and	and	CCONJ
cblr-2872	567	42	the	the	DET
cblr-2872	567	43	securities	security	NOUN
cblr-2872	567	44	laws	law	NOUN
cblr-2872	567	45	should	should	AUX
cblr-2872	567	46	be	be	AUX
cblr-2872	567	47	amended	amend	VERB
cblr-2872	567	48	to	to	PART
cblr-2872	567	49	require	require	VERB
cblr-2872	567	50	clearing	clearing	NOUN
cblr-2872	567	51	of	of	ADP
cblr-2872	567	52	all	all	DET
cblr-2872	567	53	standardized	standardized	ADJ
cblr-2872	567	54	otc	otc	PROPN
cblr-2872	567	55	derivatives	derivative	NOUN
cblr-2872	567	56	through	through	ADP
cblr-2872	567	57	regulated	regulated	ADJ
cblr-2872	567	58	central	central	ADJ
cblr-2872	567	59	counterparties	counterpartie	NOUN
cblr-2872	567	60	no	no	NOUN
cblr-2872	567	61	.	.	PUNCT
cblr-2872	568	1	3:667	3:667	NUM
cblr-2872	568	2	]	]	PUNCT
cblr-2872	568	3	703	703	NUM
cblr-2872	568	4	columbia	columbia	PROPN
cblr-2872	568	5	business	business	NOUN
cblr-2872	568	6	law	law	NOUN
cblr-2872	568	7	review	review	VERB
cblr-2872	568	8	this	this	DET
cblr-2872	568	9	context	context	NOUN
cblr-2872	568	10	,	,	PUNCT
cblr-2872	568	11	"	"	PUNCT
cblr-2872	568	12	clearing	clearing	NOUN
cblr-2872	568	13	"	"	PUNCT
cblr-2872	568	14	refers	refer	VERB
cblr-2872	568	15	to	to	ADP
cblr-2872	568	16	the	the	DET
cblr-2872	568	17	process	process	NOUN
cblr-2872	568	18	of	of	ADP
cblr-2872	568	19	taking	take	VERB
cblr-2872	568	20	a	a	DET
cblr-2872	568	21	bilateral	bilateral	ADJ
cblr-2872	568	22	swap	swap	NOUN
cblr-2872	568	23	between	between	ADP
cblr-2872	568	24	party	party	PROPN
cblr-2872	568	25	a	a	PRON
cblr-2872	568	26	and	and	CCONJ
cblr-2872	568	27	party	party	NOUN
cblr-2872	568	28	b	b	NOUN
cblr-2872	568	29	,	,	PUNCT
cblr-2872	568	30	and	and	CCONJ
cblr-2872	568	31	separating	separate	VERB
cblr-2872	568	32	the	the	DET
cblr-2872	568	33	"	"	PUNCT
cblr-2872	568	34	market	market	NOUN
cblr-2872	568	35	risk	risk	NOUN
cblr-2872	568	36	"	"	PUNCT
cblr-2872	568	37	of	of	ADP
cblr-2872	568	38	movements	movement	NOUN
cblr-2872	568	39	in	in	ADP
cblr-2872	568	40	the	the	DET
cblr-2872	568	41	underlying	underlie	VERB
cblr-2872	568	42	prices	price	NOUN
cblr-2872	568	43	(	(	PUNCT
cblr-2872	568	44	which	which	PRON
cblr-2872	568	45	is	be	AUX
cblr-2872	568	46	what	what	PRON
cblr-2872	568	47	the	the	DET
cblr-2872	568	48	parties	party	NOUN
cblr-2872	568	49	want	want	VERB
cblr-2872	568	50	to	to	PART
cblr-2872	568	51	achieve	achieve	VERB
cblr-2872	568	52	through	through	ADP
cblr-2872	568	53	entering	enter	VERB
cblr-2872	568	54	into	into	ADP
cblr-2872	568	55	the	the	DET
cblr-2872	568	56	swap	swap	NOUN
cblr-2872	568	57	)	)	PUNCT
cblr-2872	568	58	from	from	ADP
cblr-2872	568	59	"	"	PUNCT
cblr-2872	568	60	credit	credit	NOUN
cblr-2872	568	61	risk	risk	NOUN
cblr-2872	568	62	"	"	PUNCT
cblr-2872	568	63	of	of	ADP
cblr-2872	568	64	the	the	DET
cblr-2872	568	65	counterparty	counterparty	NOUN
cblr-2872	568	66	's	's	PART
cblr-2872	568	67	default	default	NOUN
cblr-2872	568	68	(	(	PUNCT
cblr-2872	568	69	which	which	DET
cblr-2872	568	70	parties	party	NOUN
cblr-2872	568	71	would	would	AUX
cblr-2872	568	72	usually	usually	ADV
cblr-2872	568	73	prefer	prefer	VERB
cblr-2872	568	74	to	to	PART
cblr-2872	568	75	avoid	avoid	VERB
cblr-2872	568	76	)	)	PUNCT
cblr-2872	568	77	.	.	PUNCT
cblr-2872	569	1	clearing	clearing	NOUN
cblr-2872	569	2	breaks	break	VERB
cblr-2872	569	3	the	the	DET
cblr-2872	569	4	swap	swap	NOUN
cblr-2872	569	5	into	into	ADP
cblr-2872	569	6	two	two	NUM
cblr-2872	569	7	components	component	NOUN
cblr-2872	569	8	,	,	PUNCT
cblr-2872	569	9	with	with	ADP
cblr-2872	569	10	each	each	DET
cblr-2872	569	11	counterparty	counterparty	NOUN
cblr-2872	569	12	facing	face	VERB
cblr-2872	569	13	a	a	DET
cblr-2872	569	14	central	central	ADJ
cblr-2872	569	15	clearinghouse	clearinghouse	NOUN
cblr-2872	569	16	that	that	PRON
cblr-2872	569	17	intermediates	intermediate	VERB
cblr-2872	569	18	the	the	DET
cblr-2872	569	19	credit	credit	NOUN
cblr-2872	569	20	risk	risk	NOUN
cblr-2872	569	21	that	that	SCONJ
cblr-2872	569	22	each	each	DET
cblr-2872	569	23	swap	swap	NOUN
cblr-2872	569	24	counterparty	counterparty	NOUN
cblr-2872	569	25	(	(	PUNCT
cblr-2872	569	26	ccps	ccp	NOUN
cblr-2872	569	27	)	)	PUNCT
cblr-2872	569	28	.	.	PUNCT
cblr-2872	570	1	to	to	PART
cblr-2872	570	2	make	make	VERB
cblr-2872	570	3	these	these	DET
cblr-2872	570	4	measures	measure	NOUN
cblr-2872	570	5	effective	effective	ADJ
cblr-2872	570	6	,	,	PUNCT
cblr-2872	570	7	regulators	regulator	NOUN
cblr-2872	570	8	will	will	AUX
cblr-2872	570	9	need	need	VERB
cblr-2872	570	10	to	to	PART
cblr-2872	570	11	require	require	VERB
cblr-2872	570	12	that	that	SCONJ
cblr-2872	570	13	ccps	ccp	NOUN
cblr-2872	570	14	impose	impose	VERB
cblr-2872	570	15	robust	robust	ADJ
cblr-2872	570	16	margin	margin	NOUN
cblr-2872	570	17	requirements	requirement	NOUN
cblr-2872	570	18	as	as	ADV
cblr-2872	570	19	well	well	ADV
cblr-2872	570	20	as	as	ADP
cblr-2872	570	21	other	other	ADJ
cblr-2872	570	22	necessary	necessary	ADJ
cblr-2872	570	23	risk	risk	NOUN
cblr-2872	570	24	controls	control	NOUN
cblr-2872	570	25	and	and	CCONJ
cblr-2872	570	26	that	that	SCONJ
cblr-2872	570	27	customized	customize	VERB
cblr-2872	570	28	otc	otc	PROPN
cblr-2872	570	29	derivatives	derivative	NOUN
cblr-2872	570	30	are	be	AUX
cblr-2872	570	31	not	not	PART
cblr-2872	570	32	used	use	VERB
cblr-2872	570	33	solely	solely	ADV
cblr-2872	570	34	as	as	ADP
cblr-2872	570	35	a	a	DET
cblr-2872	570	36	means	means	NOUN
cblr-2872	570	37	to	to	PART
cblr-2872	570	38	avoid	avoid	VERB
cblr-2872	570	39	using	use	VERB
cblr-2872	570	40	a	a	DET
cblr-2872	570	41	ccp	ccp	PROPN
cblr-2872	570	42	.	.	PUNCT
cblr-2872	571	1	for	for	ADP
cblr-2872	571	2	example	example	NOUN
cblr-2872	571	3	,	,	PUNCT
cblr-2872	571	4	if	if	SCONJ
cblr-2872	571	5	an	an	DET
cblr-2872	571	6	otc	otc	PROPN
cblr-2872	571	7	derivative	derivative	NOUN
cblr-2872	571	8	is	be	AUX
cblr-2872	571	9	accepted	accept	VERB
cblr-2872	571	10	for	for	ADP
cblr-2872	571	11	clearing	clearing	NOUN
cblr-2872	571	12	by	by	ADP
cblr-2872	571	13	one	one	NUM
cblr-2872	571	14	or	or	CCONJ
cblr-2872	571	15	more	more	ADV
cblr-2872	571	16	fully	fully	ADV
cblr-2872	571	17	regulated	regulated	ADJ
cblr-2872	571	18	ccps	ccp	NOUN
cblr-2872	571	19	,	,	PUNCT
cblr-2872	571	20	it	it	PRON
cblr-2872	571	21	should	should	AUX
cblr-2872	571	22	create	create	VERB
cblr-2872	571	23	a	a	DET
cblr-2872	571	24	presumption	presumption	NOUN
cblr-2872	571	25	that	that	SCONJ
cblr-2872	571	26	it	it	PRON
cblr-2872	571	27	is	be	AUX
cblr-2872	571	28	a	a	DET
cblr-2872	571	29	standardized	standardized	ADJ
cblr-2872	571	30	contract	contract	NOUN
cblr-2872	571	31	and	and	CCONJ
cblr-2872	571	32	thus	thus	ADV
cblr-2872	571	33	required	require	VERB
cblr-2872	571	34	to	to	PART
cblr-2872	571	35	be	be	AUX
cblr-2872	571	36	cleared	clear	VERB
cblr-2872	571	37	.	.	PUNCT
cblr-2872	571	38	"	"	PUNCT
cblr-2872	572	1	dep't	dep't	NOUN
cblr-2872	572	2	of	of	ADP
cblr-2872	572	3	the	the	DET
cblr-2872	572	4	treasury	treasury	NOUN
cblr-2872	572	5	,	,	PUNCT
cblr-2872	572	6	financial	financial	ADJ
cblr-2872	572	7	regulatory	regulatory	ADJ
cblr-2872	572	8	form	form	NOUN
cblr-2872	572	9	:	:	PUNCT
cblr-2872	572	10	a	a	DET
cblr-2872	572	11	new	new	ADJ
cblr-2872	572	12	foundation	foundation	NOUN
cblr-2872	572	13	-	-	PUNCT
cblr-2872	572	14	rebuilding	rebuild	VERB
cblr-2872	572	15	financial	financial	ADJ
cblr-2872	572	16	supervision	supervision	NOUN
cblr-2872	572	17	and	and	CCONJ
cblr-2872	572	18	regulation	regulation	NOUN
cblr-2872	572	19	47	47	NUM
cblr-2872	572	20	(	(	PUNCT
cblr-2872	572	21	2009	2009	NUM
cblr-2872	572	22	)	)	PUNCT
cblr-2872	572	23	,	,	PUNCT
cblr-2872	572	24	available	available	ADJ
cblr-2872	572	25	at	at	ADP
cblr-2872	572	26	http://www.treasury.gov/initiatives/	http://www.treasury.gov/initiatives/	PROPN
cblr-2872	572	27	documents	document	NOUN
cblr-2872	572	28	/	/	SYM
cblr-2872	572	29	finalreport	finalreport	NOUN
cblr-2872	572	30	-	-	PUNCT
cblr-2872	572	31	web.pdf	web.pdf	PRON
cblr-2872	572	32	.	.	PUNCT
cblr-2872	573	1	similarly	similarly	ADV
cblr-2872	573	2	,	,	PUNCT
cblr-2872	573	3	the	the	DET
cblr-2872	573	4	g-20	g-20	PROPN
cblr-2872	573	5	nations	nation	NOUN
cblr-2872	573	6	agreed	agree	VERB
cblr-2872	573	7	at	at	ADP
cblr-2872	573	8	the	the	DET
cblr-2872	573	9	pittsburgh	pittsburgh	PROPN
cblr-2872	573	10	summit	summit	NOUN
cblr-2872	573	11	to	to	PART
cblr-2872	573	12	work	work	VERB
cblr-2872	573	13	towards	towards	ADP
cblr-2872	573	14	clearing	clearing	NOUN
cblr-2872	573	15	by	by	ADP
cblr-2872	573	16	the	the	DET
cblr-2872	573	17	end	end	NOUN
cblr-2872	573	18	of	of	ADP
cblr-2872	573	19	2012	2012	NUM
cblr-2872	573	20	:	:	PUNCT
cblr-2872	573	21	"	"	PUNCT
cblr-2872	573	22	all	all	PRON
cblr-2872	573	23	standardized	standardize	VERB
cblr-2872	573	24	otc	otc	PROPN
cblr-2872	573	25	derivative	derivative	ADJ
cblr-2872	573	26	contracts	contract	NOUN
cblr-2872	573	27	should	should	AUX
cblr-2872	573	28	be	be	AUX
cblr-2872	573	29	traded	trade	VERB
cblr-2872	573	30	on	on	ADP
cblr-2872	573	31	exchanges	exchange	NOUN
cblr-2872	573	32	or	or	CCONJ
cblr-2872	573	33	electronic	electronic	ADJ
cblr-2872	573	34	trading	trading	NOUN
cblr-2872	573	35	platforms	platform	NOUN
cblr-2872	573	36	,	,	PUNCT
cblr-2872	573	37	where	where	SCONJ
cblr-2872	573	38	appropriate	appropriate	ADJ
cblr-2872	573	39	,	,	PUNCT
cblr-2872	573	40	and	and	CCONJ
cblr-2872	573	41	cleared	clear	VERB
cblr-2872	573	42	through	through	ADP
cblr-2872	573	43	central	central	ADJ
cblr-2872	573	44	counterparties	counterpartie	NOUN
cblr-2872	573	45	by	by	ADP
cblr-2872	573	46	end-2012	end-2012	NOUN
cblr-2872	573	47	at	at	ADP
cblr-2872	573	48	the	the	DET
cblr-2872	573	49	latest	late	ADJ
cblr-2872	573	50	.	.	PUNCT
cblr-2872	574	1	otc	otc	PROPN
cblr-2872	574	2	derivative	derivative	ADJ
cblr-2872	574	3	contracts	contract	NOUN
cblr-2872	574	4	should	should	AUX
cblr-2872	574	5	be	be	AUX
cblr-2872	574	6	reported	report	VERB
cblr-2872	574	7	to	to	PART
cblr-2872	574	8	trade	trade	NOUN
cblr-2872	574	9	repositories	repository	NOUN
cblr-2872	574	10	.	.	PUNCT
cblr-2872	575	1	non	non	ADJ
cblr-2872	575	2	-	-	ADJ
cblr-2872	575	3	centrally	centrally	ADV
cblr-2872	575	4	cleared	clear	VERB
cblr-2872	575	5	contracts	contract	NOUN
cblr-2872	575	6	should	should	AUX
cblr-2872	575	7	be	be	AUX
cblr-2872	575	8	subject	subject	ADJ
cblr-2872	575	9	to	to	ADP
cblr-2872	575	10	higher	high	ADJ
cblr-2872	575	11	capital	capital	NOUN
cblr-2872	575	12	requirements	requirement	NOUN
cblr-2872	575	13	.	.	PUNCT
cblr-2872	575	14	"	"	PUNCT
cblr-2872	576	1	g20	g20	NOUN
cblr-2872	576	2	,	,	PUNCT
cblr-2872	576	3	leaders	leader	NOUN
cblr-2872	576	4	'	'	PART
cblr-2872	576	5	statement	statement	NOUN
cblr-2872	576	6	:	:	PUNCT
cblr-2872	576	7	the	the	DET
cblr-2872	576	8	pittsburgh	pittsburgh	PROPN
cblr-2872	576	9	summit	summit	NOUN
cblr-2872	576	10	13	13	NUM
cblr-2872	576	11	(	(	PUNCT
cblr-2872	576	12	2009	2009	NUM
cblr-2872	576	13	)	)	PUNCT
cblr-2872	576	14	,	,	PUNCT
cblr-2872	576	15	available	available	ADJ
cblr-2872	576	16	at	at	ADP
cblr-2872	576	17	http://ec.europa.eulcommission_2010	http://ec.europa.eulcommission_2010	NOUN
cblr-2872	576	18	-	-	PUNCT
cblr-2872	576	19	2014	2014	NUM
cblr-2872	576	20	/	/	SYM
cblr-2872	576	21	president	president	NOUN
cblr-2872	576	22	/	/	SYM
cblr-2872	576	23	pdf	pdf	NOUN
cblr-2872	576	24	/	/	SYM
cblr-2872	576	25	statement	statement	NOUN
cblr-2872	576	26	_	_	PUNCT
cblr-2872	576	27	20090826_en_2.pdf	20090826_en_2.pdf	NOUN
cblr-2872	576	28	.	.	PUNCT
cblr-2872	577	1	67	67	NUM
cblr-2872	577	2	there	there	PRON
cblr-2872	577	3	has	have	AUX
cblr-2872	577	4	been	be	AUX
cblr-2872	577	5	significant	significant	ADJ
cblr-2872	577	6	academic	academic	ADJ
cblr-2872	577	7	argument	argument	NOUN
cblr-2872	577	8	that	that	SCONJ
cblr-2872	577	9	clearinghouses	clearinghouse	NOUN
cblr-2872	577	10	will	will	AUX
cblr-2872	577	11	not	not	PART
cblr-2872	577	12	achieve	achieve	VERB
cblr-2872	577	13	the	the	DET
cblr-2872	577	14	result	result	NOUN
cblr-2872	577	15	of	of	ADP
cblr-2872	577	16	decreasing	decrease	VERB
cblr-2872	577	17	risk	risk	NOUN
cblr-2872	577	18	,	,	PUNCT
cblr-2872	577	19	and	and	CCONJ
cblr-2872	577	20	may	may	AUX
cblr-2872	577	21	even	even	ADV
cblr-2872	577	22	in	in	ADP
cblr-2872	577	23	some	some	DET
cblr-2872	577	24	cases	case	NOUN
cblr-2872	577	25	increase	increase	VERB
cblr-2872	577	26	risk	risk	NOUN
cblr-2872	577	27	.	.	PUNCT
cblr-2872	578	1	see	see	VERB
cblr-2872	578	2	,	,	PUNCT
cblr-2872	578	3	e.g.	e.g.	ADV
cblr-2872	578	4	,	,	PUNCT
cblr-2872	578	5	yadav	yadav	PROPN
cblr-2872	578	6	,	,	PUNCT
cblr-2872	578	7	supra	supra	PROPN
cblr-2872	578	8	note	note	PROPN
cblr-2872	578	9	1	1	NUM
cblr-2872	578	10	,	,	PUNCT
cblr-2872	578	11	at	at	ADP
cblr-2872	578	12	393	393	NUM
cblr-2872	578	13	(	(	PUNCT
cblr-2872	578	14	arguing	argue	VERB
cblr-2872	578	15	,	,	PUNCT
cblr-2872	578	16	for	for	ADP
cblr-2872	578	17	example	example	NOUN
cblr-2872	578	18	,	,	PUNCT
cblr-2872	578	19	that	that	SCONJ
cblr-2872	578	20	the	the	DET
cblr-2872	578	21	"	"	PUNCT
cblr-2872	578	22	risk	risk	NOUN
cblr-2872	578	23	-	-	PUNCT
cblr-2872	578	24	sharing	share	VERB
cblr-2872	578	25	function	function	NOUN
cblr-2872	578	26	[	[	X
cblr-2872	578	27	of	of	ADP
cblr-2872	578	28	a	a	DET
cblr-2872	578	29	clearinghouse	clearinghouse	NOUN
cblr-2872	578	30	]	]	PUNCT
cblr-2872	578	31	can	can	AUX
cblr-2872	578	32	lead	lead	VERB
cblr-2872	578	33	to	to	ADP
cblr-2872	578	34	misaligned	misaligned	ADJ
cblr-2872	578	35	incentives	incentive	NOUN
cblr-2872	578	36	where	where	SCONJ
cblr-2872	578	37	individual	individual	ADJ
cblr-2872	578	38	participants	participant	NOUN
cblr-2872	578	39	trade	trade	VERB
cblr-2872	578	40	knowing	know	VERB
cblr-2872	578	41	that	that	SCONJ
cblr-2872	578	42	,	,	PUNCT
cblr-2872	578	43	ultimately	ultimately	ADV
cblr-2872	578	44	,	,	PUNCT
cblr-2872	578	45	the	the	DET
cblr-2872	578	46	clearinghouse	clearinghouse	NOUN
cblr-2872	578	47	will	will	AUX
cblr-2872	578	48	bear	bear	VERB
cblr-2872	578	49	the	the	DET
cblr-2872	578	50	costs	cost	NOUN
cblr-2872	578	51	of	of	ADP
cblr-2872	578	52	their	their	PRON
cblr-2872	578	53	risk	risk	NOUN
cblr-2872	578	54	taking	taking	NOUN
cblr-2872	578	55	.	.	PUNCT
cblr-2872	578	56	"	"	PUNCT
cblr-2872	578	57	)	)	PUNCT
cblr-2872	578	58	;	;	PUNCT
cblr-2872	578	59	pirrong	pirrong	PROPN
cblr-2872	578	60	,	,	PUNCT
cblr-2872	578	61	supra	supra	ADJ
cblr-2872	578	62	note	note	NOUN
cblr-2872	578	63	1	1	NUM
cblr-2872	578	64	,	,	PUNCT
cblr-2872	578	65	at	at	ADP
cblr-2872	578	66	3	3	NUM
cblr-2872	578	67	(	(	PUNCT
cblr-2872	578	68	"	"	PUNCT
cblr-2872	578	69	unfortunately	unfortunately	ADV
cblr-2872	578	70	,	,	PUNCT
cblr-2872	578	71	the	the	DET
cblr-2872	578	72	received	receive	VERB
cblr-2872	578	73	analysis	analysis	NOUN
cblr-2872	578	74	of	of	ADP
cblr-2872	578	75	the	the	DET
cblr-2872	578	76	effects	effect	NOUN
cblr-2872	578	77	of	of	ADP
cblr-2872	578	78	the	the	DET
cblr-2872	578	79	creation	creation	NOUN
cblr-2872	578	80	of	of	ADP
cblr-2872	578	81	a	a	DET
cblr-2872	578	82	cds	cds	NOUN
cblr-2872	578	83	clearinghouse	clearinghouse	NOUN
cblr-2872	578	84	has	have	AUX
cblr-2872	578	85	been	be	AUX
cblr-2872	578	86	superficial	superficial	ADJ
cblr-2872	578	87	and	and	CCONJ
cblr-2872	578	88	incomplete	incomplete	ADJ
cblr-2872	578	89	.	.	PUNCT
cblr-2872	579	1	as	as	ADP
cblr-2872	579	2	a	a	DET
cblr-2872	579	3	result	result	NOUN
cblr-2872	579	4	,	,	PUNCT
cblr-2872	579	5	this	this	DET
cblr-2872	579	6	analysis	analysis	NOUN
cblr-2872	579	7	provides	provide	VERB
cblr-2872	579	8	very	very	ADV
cblr-2872	579	9	weak	weak	ADJ
cblr-2872	579	10	support	support	NOUN
cblr-2872	579	11	for	for	ADP
cblr-2872	579	12	the	the	DET
cblr-2872	579	13	view	view	NOUN
cblr-2872	579	14	that	that	SCONJ
cblr-2872	579	15	a	a	DET
cblr-2872	579	16	[	[	X
cblr-2872	579	17	central	central	ADJ
cblr-2872	579	18	clearinghouse	clearinghouse	NOUN
cblr-2872	579	19	]	]	PUNCT
cblr-2872	579	20	will	will	AUX
cblr-2872	579	21	improve	improve	VERB
cblr-2872	579	22	efficiency	efficiency	NOUN
cblr-2872	579	23	,	,	PUNCT
cblr-2872	579	24	or	or	CCONJ
cblr-2872	579	25	reduce	reduce	VERB
cblr-2872	579	26	the	the	DET
cblr-2872	579	27	vulnerability	vulnerability	NOUN
cblr-2872	579	28	of	of	ADP
cblr-2872	579	29	financial	financial	ADJ
cblr-2872	579	30	markets	market	NOUN
cblr-2872	579	31	to	to	ADP
cblr-2872	579	32	systemic	systemic	ADJ
cblr-2872	579	33	contagion	contagion	NOUN
cblr-2872	579	34	.	.	PUNCT
cblr-2872	580	1	"	"	PUNCT
cblr-2872	580	2	)	)	PUNCT
cblr-2872	580	3	;	;	PUNCT
cblr-2872	580	4	roe	roe	NOUN
cblr-2872	580	5	,	,	PUNCT
cblr-2872	580	6	supra	supra	PROPN
cblr-2872	580	7	note	note	PROPN
cblr-2872	580	8	1	1	NUM
cblr-2872	580	9	,	,	PUNCT
cblr-2872	580	10	at	at	ADP
cblr-2872	580	11	46	46	NUM
cblr-2872	580	12	(	(	PUNCT
cblr-2872	580	13	"	"	PUNCT
cblr-2872	580	14	clearinghouses	clearinghouse	NOUN
cblr-2872	580	15	are	be	AUX
cblr-2872	580	16	overrated	overrate	VERB
cblr-2872	580	17	as	as	ADP
cblr-2872	580	18	means	mean	NOUN
cblr-2872	580	19	to	to	PART
cblr-2872	580	20	sop	sop	VERB
cblr-2872	580	21	up	up	ADP
cblr-2872	580	22	systemic	systemic	ADJ
cblr-2872	580	23	risk	risk	NOUN
cblr-2872	580	24	.	.	PUNCT
cblr-2872	581	1	they	they	PRON
cblr-2872	581	2	mostly	mostly	ADV
cblr-2872	581	3	transfer	transfer	VERB
cblr-2872	581	4	the	the	DET
cblr-2872	581	5	risk	risk	NOUN
cblr-2872	581	6	.	.	PUNCT
cblr-2872	582	1	because	because	SCONJ
cblr-2872	582	2	the	the	DET
cblr-2872	582	3	transfer	transfer	NOUN
cblr-2872	582	4	is	be	AUX
cblr-2872	582	5	hidden	hide	VERB
cblr-2872	582	6	,	,	PUNCT
cblr-2872	582	7	it	it	PRON
cblr-2872	582	8	is	be	AUX
cblr-2872	582	9	easy	easy	ADJ
cblr-2872	582	10	to	to	PART
cblr-2872	582	11	conclude	conclude	VERB
cblr-2872	582	12	that	that	SCONJ
cblr-2872	582	13	systemic	systemic	ADJ
cblr-2872	582	14	risk	risk	NOUN
cblr-2872	582	15	has	have	AUX
cblr-2872	582	16	been	be	AUX
cblr-2872	582	17	alleviated	alleviate	VERB
cblr-2872	582	18	,	,	PUNCT
cblr-2872	582	19	when	when	SCONJ
cblr-2872	582	20	in	in	ADP
cblr-2872	582	21	fact	fact	NOUN
cblr-2872	582	22	it	it	PRON
cblr-2872	582	23	has	have	VERB
cblr-2872	582	24	not	not	PART
cblr-2872	582	25	.	.	PUNCT
cblr-2872	583	1	"	"	PUNCT
cblr-2872	583	2	)	)	PUNCT
cblr-2872	583	3	.	.	PUNCT
cblr-2872	584	1	704	704	NUM
cblr-2872	585	1	[	[	X
cblr-2872	585	2	vol	vol	NOUN
cblr-2872	585	3	.	.	PUNCT
cblr-2872	585	4	2013	2013	NUM
cblr-2872	585	5	would	would	AUX
cblr-2872	585	6	have	have	AUX
cblr-2872	585	7	otherwise	otherwise	ADV
cblr-2872	585	8	faced	face	VERB
cblr-2872	585	9	vis	vis	X
cblr-2872	585	10	-	-	PUNCT
cblr-2872	585	11	a	a	X
cblr-2872	585	12	-	-	PUNCT
cblr-2872	585	13	vis	vis	X
cblr-2872	585	14	its	its	PRON
cblr-2872	585	15	bilateral	bilateral	ADJ
cblr-2872	585	16	counterparty	counterparty	NOUN
cblr-2872	585	17	.	.	PUNCT
cblr-2872	585	18	"	"	PUNCT
cblr-2872	585	19	figure	figure	VERB
cblr-2872	585	20	3	3	NUM
cblr-2872	585	21	:	:	PUNCT
cblr-2872	585	22	clearing	clearing	NOUN
cblr-2872	585	23	,	,	PUNCT
cblr-2872	585	24	simplified	simplify	VERB
cblr-2872	585	25	resulting	result	VERB
cblr-2872	585	26	cleared	clear	VERB
cblr-2872	585	27	clearinghouse	clearinghouse	NOUN
cblr-2872	585	28	resulting	result	VERB
cblr-2872	585	29	cleared	clear	VERB
cblr-2872	585	30	swap	swap	NOUN
cblr-2872	585	31	leg	leg	NOUN
cblr-2872	585	32	a	a	DET
cblr-2872	585	33	swap	swap	NOUN
cblr-2872	585	34	leg	leg	NOUN
cblr-2872	585	35	bswap	bswap	PROPN
cblr-2872	585	36	leg	leg	PROPN
cblr-2872	585	37	counterparty	counterparty	PROPN
cblr-2872	585	38	original	original	ADJ
cblr-2872	585	39	swap	swap	NOUN
cblr-2872	585	40	counterparty	counterparty	NOUN
cblr-2872	586	1	the	the	DET
cblr-2872	586	2	central	central	ADJ
cblr-2872	586	3	clearinghouse	clearinghouse	NOUN
cblr-2872	586	4	is	be	AUX
cblr-2872	586	5	required	require	VERB
cblr-2872	586	6	to	to	PART
cblr-2872	586	7	carry	carry	VERB
cblr-2872	586	8	out	out	ADP
cblr-2872	586	9	several	several	ADJ
cblr-2872	586	10	credit	credit	NOUN
cblr-2872	586	11	risk	risk	NOUN
cblr-2872	586	12	mitigating	mitigating	NOUN
cblr-2872	586	13	functions	function	NOUN
cblr-2872	586	14	to	to	PART
cblr-2872	586	15	address	address	VERB
cblr-2872	586	16	the	the	DET
cblr-2872	586	17	counterparty	counterparty	NOUN
cblr-2872	586	18	credit	credit	NOUN
cblr-2872	586	19	risk	risk	NOUN
cblr-2872	586	20	to	to	PART
cblr-2872	586	21	which	which	PRON
cblr-2872	586	22	it	it	PRON
cblr-2872	586	23	is	be	AUX
cblr-2872	586	24	exposed	expose	VERB
cblr-2872	586	25	under	under	ADP
cblr-2872	586	26	the	the	DET
cblr-2872	586	27	cleared	clear	VERB
cblr-2872	586	28	swaps	swap	NOUN
cblr-2872	586	29	.	.	PUNCT
cblr-2872	587	1	these	these	DET
cblr-2872	587	2	mitigating	mitigate	VERB
cblr-2872	587	3	functions	function	NOUN
cblr-2872	587	4	impose	impose	VERB
cblr-2872	587	5	additional	additional	ADJ
cblr-2872	587	6	costs	cost	NOUN
cblr-2872	587	7	on	on	ADP
cblr-2872	587	8	the	the	DET
cblr-2872	587	9	counterparties	counterpartie	NOUN
cblr-2872	587	10	to	to	ADP
cblr-2872	587	11	the	the	DET
cblr-2872	587	12	cleared	clear	VERB
cblr-2872	587	13	swap	swap	NOUN
cblr-2872	587	14	.	.	PUNCT
cblr-2872	587	15	"	"	PUNCT
cblr-2872	588	1	first	first	ADV
cblr-2872	588	2	,	,	PUNCT
cblr-2872	588	3	counterparties	counterpartie	NOUN
cblr-2872	588	4	to	to	AUX
cblr-2872	588	5	cleared	clear	VERB
cblr-2872	588	6	swaps	swap	NOUN
cblr-2872	588	7	must	must	AUX
cblr-2872	588	8	post	post	VERB
cblr-2872	588	9	"	"	PUNCT
cblr-2872	588	10	initial	initial	ADJ
cblr-2872	588	11	margin	margin	NOUN
cblr-2872	588	12	"	"	PUNCT
cblr-2872	588	13	for	for	ADP
cblr-2872	588	14	the	the	DET
cblr-2872	588	15	life	life	NOUN
cblr-2872	588	16	of	of	ADP
cblr-2872	588	17	the	the	DET
cblr-2872	588	18	trade	trade	NOUN
cblr-2872	588	19	,	,	PUNCT
cblr-2872	588	20	often	often	ADV
cblr-2872	588	21	in	in	ADP
cblr-2872	588	22	cash	cash	NOUN
cblr-2872	588	23	or	or	CCONJ
cblr-2872	588	24	other	other	ADJ
cblr-2872	588	25	liquid	liquid	ADJ
cblr-2872	588	26	financial	financial	ADJ
cblr-2872	588	27	instruments	instrument	NOUN
cblr-2872	588	28	that	that	PRON
cblr-2872	588	29	could	could	AUX
cblr-2872	588	30	otherwise	otherwise	ADV
cblr-2872	588	31	be	be	AUX
cblr-2872	588	32	invested	invest	VERB
cblr-2872	588	33	.	.	PUNCT
cblr-2872	588	34	"	"	PUNCT
cblr-2872	589	1	if	if	SCONJ
cblr-2872	589	2	a	a	DET
cblr-2872	589	3	cleared	clear	VERB
cblr-2872	589	4	swap	swap	NOUN
cblr-2872	589	5	68	68	NUM
cblr-2872	589	6	see	see	NOUN
cblr-2872	589	7	also	also	ADV
cblr-2872	589	8	yadav	yadav	PROPN
cblr-2872	589	9	,	,	PUNCT
cblr-2872	589	10	supra	supra	PROPN
cblr-2872	589	11	note	note	PROPN
cblr-2872	589	12	1	1	NUM
cblr-2872	589	13	,	,	PUNCT
cblr-2872	589	14	at	at	ADP
cblr-2872	589	15	391	391	NUM
cblr-2872	589	16	-	-	SYM
cblr-2872	589	17	92	92	NUM
cblr-2872	589	18	(	(	PUNCT
cblr-2872	589	19	"	"	PUNCT
cblr-2872	589	20	legally	legally	ADV
cblr-2872	589	21	,	,	PUNCT
cblr-2872	589	22	the	the	DET
cblr-2872	589	23	clearinghouse	clearinghouse	NOUN
cblr-2872	589	24	breaks	break	NOUN
cblr-2872	589	25	open	open	VERB
cblr-2872	589	26	the	the	DET
cblr-2872	589	27	contract	contract	NOUN
cblr-2872	589	28	between	between	ADP
cblr-2872	589	29	a	a	DET
cblr-2872	589	30	seller	seller	NOUN
cblr-2872	589	31	and	and	CCONJ
cblr-2872	589	32	a	a	DET
cblr-2872	589	33	buyer	buyer	NOUN
cblr-2872	589	34	of	of	ADP
cblr-2872	589	35	securities	security	NOUN
cblr-2872	589	36	,	,	PUNCT
cblr-2872	589	37	interceding	intercede	VERB
cblr-2872	589	38	to	to	PART
cblr-2872	589	39	become	become	VERB
cblr-2872	589	40	the	the	DET
cblr-2872	589	41	buyer	buyer	NOUN
cblr-2872	589	42	to	to	ADP
cblr-2872	589	43	each	each	DET
cblr-2872	589	44	seller	seller	NOUN
cblr-2872	589	45	and	and	CCONJ
cblr-2872	589	46	the	the	DET
cblr-2872	589	47	seller	seller	NOUN
cblr-2872	589	48	to	to	ADP
cblr-2872	589	49	each	each	DET
cblr-2872	589	50	buyer	buyer	NOUN
cblr-2872	589	51	so	so	SCONJ
cblr-2872	589	52	that	that	SCONJ
cblr-2872	589	53	each	each	DET
cblr-2872	589	54	party	party	NOUN
cblr-2872	589	55	only	only	ADV
cblr-2872	589	56	has	have	VERB
cblr-2872	589	57	to	to	PART
cblr-2872	589	58	transact	transact	VERB
cblr-2872	589	59	with	with	ADP
cblr-2872	589	60	the	the	DET
cblr-2872	589	61	clearinghouse	clearinghouse	NOUN
cblr-2872	589	62	.	.	PUNCT
cblr-2872	590	1	by	by	ADP
cblr-2872	590	2	becoming	become	VERB
cblr-2872	590	3	the	the	DET
cblr-2872	590	4	legal	legal	ADJ
cblr-2872	590	5	counterparty	counterparty	NOUN
cblr-2872	590	6	to	to	ADP
cblr-2872	590	7	each	each	DET
cblr-2872	590	8	trade	trade	NOUN
cblr-2872	590	9	,	,	PUNCT
cblr-2872	590	10	the	the	DET
cblr-2872	590	11	clearinghouse	clearinghouse	NOUN
cblr-2872	590	12	minimizes	minimize	VERB
cblr-2872	590	13	idiosyncratic	idiosyncratic	ADJ
cblr-2872	590	14	risks	risk	NOUN
cblr-2872	590	15	attaching	attach	VERB
cblr-2872	590	16	to	to	ADP
cblr-2872	590	17	specific	specific	ADJ
cblr-2872	590	18	firms	firm	NOUN
cblr-2872	590	19	and	and	CCONJ
cblr-2872	590	20	thus	thus	ADV
cblr-2872	590	21	enables	enable	VERB
cblr-2872	590	22	parties	party	NOUN
cblr-2872	590	23	to	to	PART
cblr-2872	590	24	transact	transact	VERB
cblr-2872	590	25	with	with	ADP
cblr-2872	590	26	a	a	DET
cblr-2872	590	27	(	(	PUNCT
cblr-2872	590	28	seemingly	seemingly	ADV
cblr-2872	590	29	)	)	PUNCT
cblr-2872	590	30	safe	safe	ADJ
cblr-2872	590	31	and	and	CCONJ
cblr-2872	590	32	reliable	reliable	ADJ
cblr-2872	590	33	partner	partner	NOUN
cblr-2872	590	34	-	-	PUNCT
cblr-2872	590	35	the	the	DET
cblr-2872	590	36	clearinghouse	clearinghouse	NOUN
cblr-2872	590	37	.	.	PUNCT
cblr-2872	590	38	"	"	PUNCT
cblr-2872	590	39	)	)	PUNCT
cblr-2872	590	40	.	.	PUNCT
cblr-2872	591	1	69	69	NUM
cblr-2872	591	2	pirrong	pirrong	NOUN
cblr-2872	591	3	's	's	PART
cblr-2872	591	4	insightful	insightful	ADJ
cblr-2872	591	5	study	study	NOUN
cblr-2872	591	6	provides	provide	VERB
cblr-2872	591	7	a	a	DET
cblr-2872	591	8	mathematical	mathematical	ADJ
cblr-2872	591	9	model	model	NOUN
cblr-2872	591	10	to	to	PART
cblr-2872	591	11	describe	describe	VERB
cblr-2872	591	12	some	some	PRON
cblr-2872	591	13	of	of	ADP
cblr-2872	591	14	these	these	PRON
cblr-2872	591	15	,	,	PUNCT
cblr-2872	591	16	and	and	CCONJ
cblr-2872	591	17	other	other	ADJ
cblr-2872	591	18	,	,	PUNCT
cblr-2872	591	19	effects	effect	NOUN
cblr-2872	591	20	of	of	ADP
cblr-2872	591	21	clearing	clearing	NOUN
cblr-2872	591	22	.	.	PUNCT
cblr-2872	592	1	see	see	VERB
cblr-2872	592	2	generally	generally	ADV
cblr-2872	592	3	pirrong	pirrong	ADJ
cblr-2872	592	4	,	,	PUNCT
cblr-2872	592	5	supra	supra	ADJ
cblr-2872	592	6	note	note	NOUN
cblr-2872	592	7	1	1	X
cblr-2872	592	8	.	.	PUNCT
cblr-2872	593	1	yesha	yesha	PROPN
cblr-2872	593	2	yadav	yadav	PROPN
cblr-2872	593	3	describes	describe	VERB
cblr-2872	593	4	the	the	DET
cblr-2872	593	5	law	law	NOUN
cblr-2872	593	6	and	and	CCONJ
cblr-2872	593	7	economics	economic	NOUN
cblr-2872	593	8	of	of	ADP
cblr-2872	593	9	these	these	DET
cblr-2872	593	10	risk	risk	NOUN
cblr-2872	593	11	mitigants	mitigant	NOUN
cblr-2872	593	12	.	.	PUNCT
cblr-2872	594	1	see	see	VERB
cblr-2872	594	2	yadav	yadav	PROPN
cblr-2872	594	3	,	,	PUNCT
cblr-2872	594	4	supra	supra	PROPN
cblr-2872	594	5	note	note	PROPN
cblr-2872	594	6	1	1	NUM
cblr-2872	594	7	,	,	PUNCT
cblr-2872	594	8	at	at	ADP
cblr-2872	594	9	410	410	NUM
cblr-2872	594	10	.	.	PUNCT
cblr-2872	595	1	70	70	NUM
cblr-2872	595	2	margin	margin	NOUN
cblr-2872	595	3	requirements	requirement	NOUN
cblr-2872	595	4	for	for	ADP
cblr-2872	595	5	cleared	clear	VERB
cblr-2872	595	6	swaps	swap	NOUN
cblr-2872	595	7	are	be	AUX
cblr-2872	595	8	imposed	impose	VERB
cblr-2872	595	9	by	by	ADP
cblr-2872	595	10	the	the	DET
cblr-2872	595	11	cftc	cftc	PROPN
cblr-2872	595	12	by	by	ADP
cblr-2872	595	13	regulation	regulation	NOUN
cblr-2872	595	14	of	of	ADP
cblr-2872	595	15	swap	swap	NOUN
cblr-2872	595	16	clearinghouses	clearinghouse	NOUN
cblr-2872	595	17	,	,	PUNCT
cblr-2872	595	18	which	which	PRON
cblr-2872	595	19	must	must	AUX
cblr-2872	595	20	register	register	VERB
cblr-2872	595	21	with	with	ADP
cblr-2872	595	22	the	the	DET
cblr-2872	595	23	cftc	cftc	PROPN
cblr-2872	595	24	as	as	ADP
cblr-2872	595	25	"	"	PUNCT
cblr-2872	595	26	derivatives	derivative	NOUN
cblr-2872	595	27	clearing	clearing	NOUN
cblr-2872	595	28	organizations	organization	NOUN
cblr-2872	595	29	"	"	PUNCT
cblr-2872	595	30	(	(	PUNCT
cblr-2872	595	31	"	"	PUNCT
cblr-2872	595	32	dcos	dco	NOUN
cblr-2872	595	33	"	"	PUNCT
cblr-2872	595	34	)	)	PUNCT
cblr-2872	595	35	.	.	PUNCT
cblr-2872	596	1	initial	initial	ADJ
cblr-2872	596	2	margin	margin	NOUN
cblr-2872	596	3	regula	regula	NOUN
cblr-2872	596	4	tion	tion	NOUN
cblr-2872	596	5	through	through	ADP
cblr-2872	596	6	substitutionno	substitutionno	NOUN
cblr-2872	596	7	.	.	PUNCT
cblr-2872	597	1	3:6671	3:6671	NUM
cblr-2872	597	2	705	705	NUM
cblr-2872	597	3	counterparty	counterparty	NOUN
cblr-2872	597	4	defaults	default	NOUN
cblr-2872	597	5	,	,	PUNCT
cblr-2872	597	6	the	the	DET
cblr-2872	597	7	clearinghouse	clearinghouse	NOUN
cblr-2872	597	8	can	can	AUX
cblr-2872	597	9	foreclose	foreclose	VERB
cblr-2872	597	10	on	on	ADP
cblr-2872	597	11	the	the	DET
cblr-2872	597	12	initial	initial	ADJ
cblr-2872	597	13	margin	margin	NOUN
cblr-2872	597	14	collateral	collateral	NOUN
cblr-2872	597	15	posted	post	VERB
cblr-2872	597	16	by	by	ADP
cblr-2872	597	17	that	that	DET
cblr-2872	597	18	party	party	NOUN
cblr-2872	597	19	to	to	PART
cblr-2872	597	20	pay	pay	VERB
cblr-2872	597	21	amounts	amount	NOUN
cblr-2872	597	22	owed	owe	VERB
cblr-2872	597	23	under	under	ADP
cblr-2872	597	24	the	the	DET
cblr-2872	597	25	swap	swap	NOUN
cblr-2872	597	26	to	to	ADP
cblr-2872	597	27	the	the	DET
cblr-2872	597	28	other	other	ADJ
cblr-2872	597	29	,	,	PUNCT
cblr-2872	597	30	non	non	ADJ
cblr-2872	597	31	-	-	ADJ
cblr-2872	597	32	defaulting	defaulting	ADJ
cblr-2872	597	33	counterparty.71	counterparty.71	NOUN
cblr-2872	597	34	second	second	ADJ
cblr-2872	597	35	,	,	PUNCT
cblr-2872	597	36	counterparties	counterpartie	NOUN
cblr-2872	597	37	to	to	AUX
cblr-2872	597	38	cleared	clear	VERB
cblr-2872	597	39	swaps	swap	NOUN
cblr-2872	597	40	must	must	AUX
cblr-2872	597	41	post	post	VERB
cblr-2872	597	42	"	"	PUNCT
cblr-2872	597	43	variation	variation	NOUN
cblr-2872	597	44	margin	margin	NOUN
cblr-2872	597	45	"	"	PUNCT
cblr-2872	597	46	on	on	ADP
cblr-2872	597	47	a	a	DET
cblr-2872	597	48	daily	daily	ADJ
cblr-2872	597	49	basis	basis	NOUN
cblr-2872	597	50	,	,	PUNCT
cblr-2872	597	51	which	which	PRON
cblr-2872	597	52	limits	limit	VERB
cblr-2872	597	53	the	the	DET
cblr-2872	597	54	potential	potential	ADJ
cblr-2872	597	55	losses	loss	NOUN
cblr-2872	597	56	upon	upon	SCONJ
cblr-2872	597	57	the	the	DET
cblr-2872	597	58	default	default	NOUN
cblr-2872	597	59	of	of	ADP
cblr-2872	597	60	a	a	DET
cblr-2872	597	61	counterparty	counterparty	NOUN
cblr-2872	597	62	to	to	ADP
cblr-2872	597	63	intraday	intraday	NOUN
cblr-2872	597	64	movements	movement	NOUN
cblr-2872	597	65	but	but	CCONJ
cblr-2872	597	66	imposes	impose	VERB
cblr-2872	597	67	the	the	DET
cblr-2872	597	68	same	same	ADJ
cblr-2872	597	69	opportunity	opportunity	NOUN
cblr-2872	597	70	cost	cost	NOUN
cblr-2872	597	71	(	(	PUNCT
cblr-2872	597	72	i.e.	i.e.	X
cblr-2872	597	73	,	,	PUNCT
cblr-2872	597	74	the	the	DET
cblr-2872	597	75	inability	inability	NOUN
cblr-2872	597	76	to	to	PART
cblr-2872	597	77	use	use	VERB
cblr-2872	597	78	locked	lock	VERB
cblr-2872	597	79	-	-	PUNCT
cblr-2872	597	80	up	up	ADP
cblr-2872	597	81	capital	capital	NOUN
cblr-2872	597	82	for	for	ADP
cblr-2872	597	83	other	other	ADJ
cblr-2872	597	84	purposes	purpose	NOUN
cblr-2872	597	85	)	)	PUNCT
cblr-2872	597	86	on	on	ADP
cblr-2872	597	87	the	the	DET
cblr-2872	597	88	swap	swap	NOUN
cblr-2872	597	89	counterparties	counterpartie	NOUN
cblr-2872	597	90	.	.	PUNCT
cblr-2872	598	1	72	72	NUM
cblr-2872	598	2	third	third	ADJ
cblr-2872	598	3	,	,	PUNCT
cblr-2872	598	4	members	member	NOUN
cblr-2872	598	5	of	of	ADP
cblr-2872	598	6	the	the	DET
cblr-2872	598	7	clearinghouse	clearinghouse	NOUN
cblr-2872	598	8	take	take	VERB
cblr-2872	598	9	on	on	ADP
cblr-2872	598	10	the	the	DET
cblr-2872	598	11	risk	risk	NOUN
cblr-2872	598	12	of	of	ADP
cblr-2872	598	13	default	default	NOUN
cblr-2872	598	14	of	of	ADP
cblr-2872	598	15	their	their	PRON
cblr-2872	598	16	customers	customer	NOUN
cblr-2872	598	17	and	and	CCONJ
cblr-2872	598	18	of	of	ADP
cblr-2872	598	19	other	other	ADJ
cblr-2872	598	20	clearing	clearing	NOUN
cblr-2872	598	21	members	member	NOUN
cblr-2872	598	22	through	through	ADP
cblr-2872	598	23	a	a	DET
cblr-2872	598	24	guaranty	guaranty	NOUN
cblr-2872	598	25	fund.73	fund.73	NOUN
cblr-2872	598	26	finally	finally	ADV
cblr-2872	598	27	,	,	PUNCT
cblr-2872	598	28	counterparties	counterpartie	NOUN
cblr-2872	598	29	to	to	AUX
cblr-2872	598	30	cleared	clear	VERB
cblr-2872	598	31	swaps	swap	NOUN
cblr-2872	598	32	face	face	VERB
cblr-2872	598	33	a	a	DET
cblr-2872	598	34	direct	direct	ADJ
cblr-2872	598	35	cost	cost	NOUN
cblr-2872	598	36	in	in	ADP
cblr-2872	598	37	the	the	DET
cblr-2872	598	38	form	form	NOUN
cblr-2872	598	39	of	of	ADP
cblr-2872	598	40	clearinghouse	clearinghouse	NOUN
cblr-2872	598	41	clearing	clearing	NOUN
cblr-2872	598	42	charges	charge	NOUN
cblr-2872	598	43	.	.	PUNCT
cblr-2872	599	1	4	4	NUM
cblr-2872	599	2	the	the	DET
cblr-2872	599	3	first	first	ADJ
cblr-2872	599	4	three	three	NUM
cblr-2872	599	5	costs	cost	NOUN
cblr-2872	599	6	listed	list	VERB
cblr-2872	599	7	above	above	ADV
cblr-2872	599	8	are	be	AUX
cblr-2872	599	9	internalizations	internalization	NOUN
cblr-2872	599	10	of	of	ADP
cblr-2872	599	11	the	the	DET
cblr-2872	599	12	externalities	externality	NOUN
cblr-2872	599	13	caused	cause	VERB
cblr-2872	599	14	by	by	ADP
cblr-2872	599	15	swap	swap	NOUN
cblr-2872	599	16	market	market	NOUN
cblr-2872	599	17	participants	participant	NOUN
cblr-2872	599	18	.	.	PUNCT
cblr-2872	600	1	specifically	specifically	ADV
cblr-2872	600	2	,	,	PUNCT
cblr-2872	600	3	systemic	systemic	ADJ
cblr-2872	600	4	risk	risk	NOUN
cblr-2872	600	5	is	be	AUX
cblr-2872	600	6	an	an	DET
cblr-2872	600	7	externality	externality	NOUN
cblr-2872	600	8	caused	cause	VERB
cblr-2872	600	9	when	when	SCONJ
cblr-2872	600	10	individual	individual	ADJ
cblr-2872	600	11	market	market	NOUN
cblr-2872	600	12	participants	participant	NOUN
cblr-2872	600	13	add	add	VERB
cblr-2872	600	14	credit	credit	NOUN
cblr-2872	600	15	risk	risk	NOUN
cblr-2872	600	16	to	to	ADP
cblr-2872	600	17	the	the	DET
cblr-2872	600	18	market	market	NOUN
cblr-2872	600	19	requirements	requirement	NOUN
cblr-2872	600	20	for	for	ADP
cblr-2872	600	21	cleared	clear	VERB
cblr-2872	600	22	swaps	swap	NOUN
cblr-2872	600	23	are	be	AUX
cblr-2872	600	24	set	set	VERB
cblr-2872	600	25	out	out	ADP
cblr-2872	600	26	in	in	ADP
cblr-2872	600	27	cftc	cftc	PROPN
cblr-2872	600	28	regulation	regulation	NOUN
cblr-2872	600	29	39.13	39.13	NUM
cblr-2872	600	30	.	.	PUNCT
cblr-2872	601	1	17	17	NUM
cblr-2872	601	2	c.f.r	c.f.r	NOUN
cblr-2872	601	3	.	.	PUNCT
cblr-2872	602	1	§	§	PROPN
cblr-2872	602	2	39.13	39.13	NUM
cblr-2872	602	3	(	(	PUNCT
cblr-2872	602	4	2012	2012	NUM
cblr-2872	602	5	)	)	PUNCT
cblr-2872	602	6	.	.	PUNCT
cblr-2872	603	1	71	71	NUM
cblr-2872	603	2	see	see	VERB
cblr-2872	603	3	protection	protection	NOUN
cblr-2872	603	4	of	of	ADP
cblr-2872	603	5	cleared	clear	VERB
cblr-2872	603	6	swaps	swap	NOUN
cblr-2872	603	7	customer	customer	NOUN
cblr-2872	603	8	contracts	contract	NOUN
cblr-2872	603	9	and	and	CCONJ
cblr-2872	603	10	collateral	collateral	NOUN
cblr-2872	603	11	;	;	PUNCT
cblr-2872	603	12	conforming	conform	VERB
cblr-2872	603	13	amendments	amendment	NOUN
cblr-2872	603	14	to	to	ADP
cblr-2872	603	15	the	the	DET
cblr-2872	603	16	commodity	commodity	NOUN
cblr-2872	603	17	broker	broker	NOUN
cblr-2872	603	18	bankruptcy	bankruptcy	NOUN
cblr-2872	603	19	provisions	provision	NOUN
cblr-2872	603	20	,	,	PUNCT
cblr-2872	603	21	77	77	NUM
cblr-2872	603	22	fed	fed	PROPN
cblr-2872	603	23	.	.	PUNCT
cblr-2872	604	1	reg	reg	PROPN
cblr-2872	604	2	.	.	PUNCT
cblr-2872	605	1	6336	6336	NUM
cblr-2872	605	2	,	,	PUNCT
cblr-2872	605	3	6337	6337	NUM
cblr-2872	605	4	(	(	PUNCT
cblr-2872	605	5	feb	feb	PROPN
cblr-2872	605	6	.	.	PROPN
cblr-2872	605	7	7	7	NUM
cblr-2872	605	8	,	,	PUNCT
cblr-2872	605	9	2012	2012	NUM
cblr-2872	605	10	)	)	PUNCT
cblr-2872	606	1	(	(	PUNCT
cblr-2872	606	2	to	to	PART
cblr-2872	606	3	be	be	AUX
cblr-2872	606	4	codified	codify	VERB
cblr-2872	606	5	at	at	ADP
cblr-2872	606	6	17	17	NUM
cblr-2872	606	7	c.f.r	c.f.r	NOUN
cblr-2872	606	8	.	.	PUNCT
cblr-2872	607	1	pt	pt	PROPN
cblr-2872	607	2	.	.	PROPN
cblr-2872	607	3	22	22	NUM
cblr-2872	607	4	,	,	PUNCT
cblr-2872	607	5	190	190	NUM
cblr-2872	607	6	)	)	PUNCT
cblr-2872	607	7	(	(	PUNCT
cblr-2872	607	8	explaining	explain	VERB
cblr-2872	607	9	that	that	SCONJ
cblr-2872	607	10	"	"	PUNCT
cblr-2872	607	11	[	[	X
cblr-2872	607	12	t]o	t]o	NOUN
cblr-2872	607	13	secure	secure	VERB
cblr-2872	607	14	the	the	DET
cblr-2872	607	15	prompt	prompt	ADJ
cblr-2872	607	16	payment	payment	NOUN
cblr-2872	607	17	of	of	ADP
cblr-2872	607	18	variation	variation	NOUN
cblr-2872	607	19	obligations	obligation	NOUN
cblr-2872	607	20	,	,	PUNCT
cblr-2872	607	21	the	the	DET
cblr-2872	607	22	dco	dco	PROPN
cblr-2872	607	23	will	will	AUX
cblr-2872	607	24	require	require	VERB
cblr-2872	607	25	each	each	DET
cblr-2872	607	26	clearing	clearing	NOUN
cblr-2872	607	27	member	member	NOUN
cblr-2872	607	28	to	to	PART
cblr-2872	607	29	post	post	VERB
cblr-2872	607	30	collateral	collateral	NOUN
cblr-2872	607	31	(	(	PUNCT
cblr-2872	607	32	often	often	ADV
cblr-2872	607	33	referred	refer	VERB
cblr-2872	607	34	to	to	ADP
cblr-2872	607	35	as	as	ADP
cblr-2872	607	36	'	'	PUNCT
cblr-2872	607	37	margin	margin	NOUN
cblr-2872	607	38	'	'	PUNCT
cblr-2872	607	39	)	)	PUNCT
cblr-2872	607	40	for	for	ADP
cblr-2872	607	41	the	the	DET
cblr-2872	607	42	transactions	transaction	NOUN
cblr-2872	607	43	it	it	PRON
cblr-2872	607	44	clears	clear	VERB
cblr-2872	607	45	(	(	PUNCT
cblr-2872	607	46	separately	separately	ADV
cblr-2872	607	47	for	for	ADP
cblr-2872	607	48	customer	customer	NOUN
cblr-2872	607	49	positions	position	NOUN
cblr-2872	607	50	and	and	CCONJ
cblr-2872	607	51	proprietary	proprietary	ADJ
cblr-2872	607	52	positions	position	NOUN
cblr-2872	607	53	)	)	PUNCT
cblr-2872	607	54	.	.	PUNCT
cblr-2872	608	1	if	if	SCONJ
cblr-2872	608	2	the	the	DET
cblr-2872	608	3	clearing	clearing	NOUN
cblr-2872	608	4	member	member	NOUN
cblr-2872	608	5	does	do	AUX
cblr-2872	608	6	not	not	PART
cblr-2872	608	7	promptly	promptly	ADV
cblr-2872	608	8	make	make	VERB
cblr-2872	608	9	a	a	DET
cblr-2872	608	10	variation	variation	NOUN
cblr-2872	608	11	payment	payment	NOUN
cblr-2872	608	12	to	to	ADP
cblr-2872	608	13	the	the	DET
cblr-2872	608	14	dco	dco	PROPN
cblr-2872	608	15	-	-	PUNCT
cblr-2872	608	16	referred	refer	VERB
cblr-2872	608	17	to	to	ADP
cblr-2872	608	18	as	as	ADP
cblr-2872	608	19	a	a	DET
cblr-2872	608	20	default	default	NOUN
cblr-2872	608	21	-	-	PUNCT
cblr-2872	608	22	the	the	DET
cblr-2872	608	23	collateral	collateral	NOUN
cblr-2872	608	24	may	may	AUX
cblr-2872	608	25	immediately	immediately	ADV
cblr-2872	608	26	be	be	AUX
cblr-2872	608	27	liquidated	liquidate	VERB
cblr-2872	608	28	and	and	CCONJ
cblr-2872	608	29	applied	apply	VERB
cblr-2872	608	30	to	to	ADP
cblr-2872	608	31	the	the	DET
cblr-2872	608	32	obligation	obligation	NOUN
cblr-2872	608	33	"	"	PUNCT
cblr-2872	608	34	)	)	PUNCT
cblr-2872	608	35	.	.	PUNCT
cblr-2872	609	1	72	72	NUM
cblr-2872	609	2	see	see	VERB
cblr-2872	609	3	17	17	NUM
cblr-2872	609	4	c.f.r	c.f.r	NOUN
cblr-2872	609	5	.	.	PUNCT
cblr-2872	610	1	§	§	PROPN
cblr-2872	610	2	39.13	39.13	NUM
cblr-2872	610	3	(	(	PUNCT
cblr-2872	610	4	setting	set	VERB
cblr-2872	610	5	initial	initial	ADJ
cblr-2872	610	6	and	and	CCONJ
cblr-2872	610	7	variation	variation	NOUN
cblr-2872	610	8	margin	margin	NOUN
cblr-2872	610	9	requirements	requirement	NOUN
cblr-2872	610	10	for	for	ADP
cblr-2872	610	11	cleared	clear	VERB
cblr-2872	610	12	swaps	swap	NOUN
cblr-2872	610	13	)	)	PUNCT
cblr-2872	610	14	.	.	PUNCT
cblr-2872	611	1	73	73	NUM
cblr-2872	611	2	see	see	VERB
cblr-2872	611	3	i	i	PRON
cblr-2872	611	4	d.	d.	PROPN
cblr-2872	611	5	§	§	PROPN
cblr-2872	611	6	39.11(b)(iii	39.11(b)(iii	PROPN
cblr-2872	611	7	)	)	PUNCT
cblr-2872	611	8	(	(	PUNCT
cblr-2872	611	9	authorizing	authorize	VERB
cblr-2872	611	10	dcos	dco	NOUN
cblr-2872	611	11	to	to	PART
cblr-2872	611	12	establish	establish	VERB
cblr-2872	611	13	and	and	CCONJ
cblr-2872	611	14	maintain	maintain	VERB
cblr-2872	611	15	guaranty	guaranty	NOUN
cblr-2872	611	16	fund	fund	NOUN
cblr-2872	611	17	deposits	deposit	NOUN
cblr-2872	611	18	from	from	ADP
cblr-2872	611	19	their	their	PRON
cblr-2872	611	20	clearing	clearing	NOUN
cblr-2872	611	21	members	member	NOUN
cblr-2872	611	22	)	)	PUNCT
cblr-2872	611	23	.	.	PUNCT
cblr-2872	612	1	74	74	NUM
cblr-2872	612	2	see	see	VERB
cblr-2872	612	3	i	i	PRON
cblr-2872	612	4	d.	d.	PROPN
cblr-2872	612	5	§	§	PROPN
cblr-2872	612	6	39.21(c)(ii	39.21(c)(ii	NUM
cblr-2872	612	7	)	)	PUNCT
cblr-2872	612	8	.	.	PUNCT
cblr-2872	613	1	in	in	ADP
cblr-2872	613	2	addition	addition	NOUN
cblr-2872	613	3	to	to	ADP
cblr-2872	613	4	these	these	DET
cblr-2872	613	5	costs	cost	NOUN
cblr-2872	613	6	,	,	PUNCT
cblr-2872	613	7	there	there	PRON
cblr-2872	613	8	are	be	VERB
cblr-2872	613	9	indirect	indirect	ADJ
cblr-2872	613	10	costs	cost	NOUN
cblr-2872	613	11	of	of	ADP
cblr-2872	613	12	clearing	clearing	NOUN
cblr-2872	613	13	.	.	PUNCT
cblr-2872	614	1	for	for	ADP
cblr-2872	614	2	example	example	NOUN
cblr-2872	614	3	,	,	PUNCT
cblr-2872	614	4	clearing	clearing	NOUN
cblr-2872	614	5	requires	require	VERB
cblr-2872	614	6	standardization	standardization	NOUN
cblr-2872	614	7	of	of	ADP
cblr-2872	614	8	products	product	NOUN
cblr-2872	614	9	,	,	PUNCT
cblr-2872	614	10	which	which	PRON
cblr-2872	614	11	may	may	AUX
cblr-2872	614	12	lead	lead	VERB
cblr-2872	614	13	to	to	ADP
cblr-2872	614	14	some	some	DET
cblr-2872	614	15	"	"	PUNCT
cblr-2872	614	16	basis	basis	NOUN
cblr-2872	614	17	"	"	PUNCT
cblr-2872	614	18	risk	risk	NOUN
cblr-2872	614	19	in	in	ADP
cblr-2872	614	20	the	the	DET
cblr-2872	614	21	form	form	NOUN
cblr-2872	614	22	of	of	ADP
cblr-2872	614	23	the	the	DET
cblr-2872	614	24	difference	difference	NOUN
cblr-2872	614	25	between	between	ADP
cblr-2872	614	26	the	the	DET
cblr-2872	614	27	risk	risk	NOUN
cblr-2872	614	28	being	be	AUX
cblr-2872	614	29	hedged	hedge	VERB
cblr-2872	614	30	and	and	CCONJ
cblr-2872	614	31	the	the	DET
cblr-2872	614	32	instrument	instrument	NOUN
cblr-2872	614	33	used	use	VERB
cblr-2872	614	34	to	to	PART
cblr-2872	614	35	hedge	hedge	VERB
cblr-2872	614	36	it	it	PRON
cblr-2872	614	37	.	.	PUNCT
cblr-2872	615	1	see	see	VERB
cblr-2872	615	2	,	,	PUNCT
cblr-2872	615	3	e.g.	e.g.	ADV
cblr-2872	615	4	,	,	PUNCT
cblr-2872	615	5	kroszner	kroszner	NOUN
cblr-2872	615	6	,	,	PUNCT
cblr-2872	615	7	supra	supra	PROPN
cblr-2872	615	8	note	note	NOUN
cblr-2872	615	9	12	12	NUM
cblr-2872	615	10	,	,	PUNCT
cblr-2872	615	11	at	at	ADP
cblr-2872	615	12	608	608	NUM
cblr-2872	615	13	(	(	PUNCT
cblr-2872	615	14	"	"	PUNCT
cblr-2872	615	15	why	why	SCONJ
cblr-2872	615	16	would	would	AUX
cblr-2872	615	17	traders	trader	NOUN
cblr-2872	615	18	forgo	forgo	VERB
cblr-2872	615	19	the	the	DET
cblr-2872	615	20	benefits	benefit	NOUN
cblr-2872	615	21	conferred	confer	VERB
cblr-2872	615	22	by	by	ADP
cblr-2872	615	23	the	the	DET
cblr-2872	615	24	exchange	exchange	NOUN
cblr-2872	615	25	and	and	CCONJ
cblr-2872	615	26	its	its	PRON
cblr-2872	615	27	clearinghouse	clearinghouse	NOUN
cblr-2872	615	28	?	?	PUNCT
cblr-2872	616	1	the	the	DET
cblr-2872	616	2	benefits	benefit	NOUN
cblr-2872	616	3	of	of	ADP
cblr-2872	616	4	the	the	DET
cblr-2872	616	5	exchange	exchange	NOUN
cblr-2872	616	6	-	-	PUNCT
cblr-2872	616	7	traded	trade	VERB
cblr-2872	616	8	products	product	NOUN
cblr-2872	616	9	are	be	AUX
cblr-2872	616	10	achieved	achieve	VERB
cblr-2872	616	11	at	at	ADP
cblr-2872	616	12	the	the	DET
cblr-2872	616	13	cost	cost	NOUN
cblr-2872	616	14	of	of	ADP
cblr-2872	616	15	standardizing	standardize	VERB
cblr-2872	616	16	the	the	DET
cblr-2872	616	17	contracts	contract	NOUN
cblr-2872	616	18	to	to	PART
cblr-2872	616	19	make	make	VERB
cblr-2872	616	20	them	they	PRON
cblr-2872	616	21	fungible	fungible	ADJ
cblr-2872	616	22	and	and	CCONJ
cblr-2872	616	23	liquid	liquid	ADJ
cblr-2872	616	24	....	....	PUNCT
cblr-2872	616	25	.	.	PUNCT
cblr-2872	617	1	"	"	PUNCT
cblr-2872	617	2	)	)	PUNCT
cblr-2872	617	3	.	.	PUNCT
cblr-2872	618	1	col	col	PROPN
cblr-2872	618	2	umia	umia	PROPN
cblr-2872	618	3	b	b	PROPN
cblr-2872	618	4	usiness	usiness	PROPN
cblr-2872	618	5	la	la	PROPN
cblr-2872	618	6	w	w	PROPN
cblr-2872	618	7	re	re	PROPN
cblr-2872	618	8	vie	vie	PROPN
cblr-2872	618	9	w	w	PROPN
cblr-2872	619	1	[	[	X
cblr-2872	619	2	vol	vol	NOUN
cblr-2872	619	3	.	.	PUNCT
cblr-2872	619	4	2013706	2013706	NUM
cblr-2872	619	5	that	that	PRON
cblr-2872	619	6	,	,	PUNCT
cblr-2872	619	7	in	in	ADP
cblr-2872	619	8	the	the	DET
cblr-2872	619	9	event	event	NOUN
cblr-2872	619	10	of	of	ADP
cblr-2872	619	11	their	their	PRON
cblr-2872	619	12	failure	failure	NOUN
cblr-2872	619	13	,	,	PUNCT
cblr-2872	619	14	will	will	AUX
cblr-2872	619	15	propagate	propagate	VERB
cblr-2872	619	16	through	through	ADP
cblr-2872	619	17	the	the	DET
cblr-2872	619	18	financial	financial	ADJ
cblr-2872	619	19	system	system	NOUN
cblr-2872	619	20	.	.	PUNCT
cblr-2872	620	1	posting	post	VERB
cblr-2872	620	2	initial	initial	ADJ
cblr-2872	620	3	and	and	CCONJ
cblr-2872	620	4	variation	variation	NOUN
cblr-2872	620	5	margin	margin	NOUN
cblr-2872	620	6	and	and	CCONJ
cblr-2872	620	7	contributing	contribute	VERB
cblr-2872	620	8	(	(	PUNCT
cblr-2872	620	9	directly	directly	ADV
cblr-2872	620	10	or	or	CCONJ
cblr-2872	620	11	indirectly	indirectly	ADV
cblr-2872	620	12	)	)	PUNCT
cblr-2872	620	13	to	to	ADP
cblr-2872	620	14	a	a	DET
cblr-2872	620	15	guarantee	guarantee	NOUN
cblr-2872	620	16	fund	fund	NOUN
cblr-2872	620	17	forces	force	NOUN
cblr-2872	620	18	market	market	NOUN
cblr-2872	620	19	participants	participant	NOUN
cblr-2872	620	20	to	to	PART
cblr-2872	620	21	internalize	internalize	VERB
cblr-2872	620	22	these	these	DET
cblr-2872	620	23	costs	cost	NOUN
cblr-2872	620	24	by	by	ADP
cblr-2872	620	25	requiring	require	VERB
cblr-2872	620	26	them	they	PRON
cblr-2872	620	27	to	to	PART
cblr-2872	620	28	pay	pay	VERB
cblr-2872	620	29	for	for	ADP
cblr-2872	620	30	a	a	DET
cblr-2872	620	31	buffer	buffer	NOUN
cblr-2872	620	32	that	that	PRON
cblr-2872	620	33	will	will	AUX
cblr-2872	620	34	stop	stop	VERB
cblr-2872	620	35	the	the	DET
cblr-2872	620	36	spread	spread	NOUN
cblr-2872	620	37	of	of	ADP
cblr-2872	620	38	credit	credit	NOUN
cblr-2872	620	39	risk	risk	NOUN
cblr-2872	620	40	in	in	ADP
cblr-2872	620	41	the	the	DET
cblr-2872	620	42	event	event	NOUN
cblr-2872	620	43	of	of	ADP
cblr-2872	620	44	their	their	PRON
cblr-2872	620	45	default	default	NOUN
cblr-2872	620	46	.	.	PUNCT
cblr-2872	621	1	"5	"5	NOUN
cblr-2872	622	1	the	the	DET
cblr-2872	622	2	fourth	fourth	ADJ
cblr-2872	622	3	cost	cost	NOUN
cblr-2872	622	4	is	be	AUX
cblr-2872	622	5	simply	simply	ADV
cblr-2872	622	6	an	an	DET
cblr-2872	622	7	additional	additional	ADJ
cblr-2872	622	8	fee	fee	NOUN
cblr-2872	622	9	levied	levy	VERB
cblr-2872	622	10	on	on	ADP
cblr-2872	622	11	the	the	DET
cblr-2872	622	12	transaction	transaction	NOUN
cblr-2872	622	13	.	.	PUNCT
cblr-2872	623	1	all	all	PRON
cblr-2872	623	2	of	of	ADP
cblr-2872	623	3	these	these	DET
cblr-2872	623	4	costs	cost	NOUN
cblr-2872	623	5	raise	raise	VERB
cblr-2872	623	6	the	the	DET
cblr-2872	623	7	absolute	absolute	ADJ
cblr-2872	623	8	cost	cost	NOUN
cblr-2872	623	9	of	of	ADP
cblr-2872	623	10	a	a	DET
cblr-2872	623	11	cleared	clear	VERB
cblr-2872	623	12	swap	swap	NOUN
cblr-2872	623	13	transaction	transaction	NOUN
cblr-2872	623	14	compared	compare	VERB
cblr-2872	623	15	to	to	ADP
cblr-2872	623	16	an	an	DET
cblr-2872	623	17	economically	economically	ADV
cblr-2872	623	18	identical	identical	ADJ
cblr-2872	623	19	uncleared	uncleared	ADJ
cblr-2872	623	20	swap	swap	NOUN
cblr-2872	623	21	,	,	PUNCT
cblr-2872	623	22	decreasing	decrease	VERB
cblr-2872	623	23	its	its	PRON
cblr-2872	623	24	net	net	ADJ
cblr-2872	623	25	benefit	benefit	NOUN
cblr-2872	623	26	in	in	ADP
cblr-2872	623	27	any	any	DET
cblr-2872	623	28	particular	particular	ADJ
cblr-2872	623	29	case	case	NOUN
cblr-2872	623	30	and	and	CCONJ
cblr-2872	623	31	discouraging	discourage	VERB
cblr-2872	623	32	the	the	DET
cblr-2872	623	33	use	use	NOUN
cblr-2872	623	34	of	of	ADP
cblr-2872	623	35	swaps	swap	NOUN
cblr-2872	623	36	.	.	PUNCT
cblr-2872	624	1	2	2	X
cblr-2872	624	2	.	.	X
cblr-2872	624	3	aligning	align	VERB
cblr-2872	624	4	perceived	perceive	VERB
cblr-2872	624	5	absolute	absolute	ADJ
cblr-2872	624	6	costs	cost	NOUN
cblr-2872	624	7	the	the	DET
cblr-2872	624	8	financial	financial	ADJ
cblr-2872	624	9	crisis	crisis	NOUN
cblr-2872	624	10	highlighted	highlight	VERB
cblr-2872	624	11	circumstances	circumstance	NOUN
cblr-2872	624	12	in	in	ADP
cblr-2872	624	13	which	which	PRON
cblr-2872	624	14	market	market	NOUN
cblr-2872	624	15	participants	participant	NOUN
cblr-2872	624	16	arguably	arguably	ADV
cblr-2872	624	17	did	do	AUX
cblr-2872	624	18	not	not	PART
cblr-2872	624	19	understand	understand	VERB
cblr-2872	624	20	the	the	DET
cblr-2872	624	21	risks	risk	NOUN
cblr-2872	624	22	of	of	ADP
cblr-2872	624	23	the	the	DET
cblr-2872	624	24	complex	complex	ADJ
cblr-2872	624	25	swap	swap	NOUN
cblr-2872	624	26	transactions	transaction	NOUN
cblr-2872	624	27	they	they	PRON
cblr-2872	624	28	entered	enter	VERB
cblr-2872	624	29	into	into	ADP
cblr-2872	624	30	.	.	PUNCT
cblr-2872	625	1	the	the	DET
cblr-2872	625	2	most	most	ADV
cblr-2872	625	3	prominent	prominent	ADJ
cblr-2872	625	4	examples	example	NOUN
cblr-2872	625	5	include	include	VERB
cblr-2872	625	6	local	local	ADJ
cblr-2872	625	7	governments	government	NOUN
cblr-2872	625	8	,	,	PUNCT
cblr-2872	625	9	such	such	ADJ
cblr-2872	625	10	as	as	ADP
cblr-2872	625	11	(	(	PUNCT
cblr-2872	625	12	most	most	ADV
cblr-2872	625	13	famously	famously	ADV
cblr-2872	625	14	)	)	PUNCT
cblr-2872	625	15	jefferson	jefferson	PROPN
cblr-2872	625	16	county	county	PROPN
cblr-2872	625	17	,	,	PUNCT
cblr-2872	625	18	alabama	alabama	PROPN
cblr-2872	625	19	,	,	PUNCT
cblr-2872	625	20	that	that	PRON
cblr-2872	625	21	neared	near	VERB
cblr-2872	625	22	bankruptcy	bankruptcy	NOUN
cblr-2872	625	23	as	as	ADP
cblr-2872	625	24	a	a	DET
cblr-2872	625	25	result	result	NOUN
cblr-2872	625	26	of	of	ADP
cblr-2872	625	27	swap	swap	NOUN
cblr-2872	625	28	transactions	transaction	NOUN
cblr-2872	625	29	that	that	PRON
cblr-2872	625	30	moved	move	VERB
cblr-2872	625	31	against	against	ADP
cblr-2872	625	32	them	they	PRON
cblr-2872	625	33	.	.	PUNCT
cblr-2872	626	1	6	6	NUM
cblr-2872	626	2	in	in	ADP
cblr-2872	626	3	terms	term	NOUN
cblr-2872	626	4	of	of	ADP
cblr-2872	626	5	our	our	PRON
cblr-2872	626	6	framework	framework	NOUN
cblr-2872	626	7	,	,	PUNCT
cblr-2872	626	8	these	these	DET
cblr-2872	626	9	counterparties	counterpartie	NOUN
cblr-2872	626	10	misunderstood	misunderstood	VERB
cblr-2872	626	11	the	the	DET
cblr-2872	626	12	absolute	absolute	ADJ
cblr-2872	626	13	costs	cost	NOUN
cblr-2872	626	14	of	of	ADP
cblr-2872	626	15	entering	enter	VERB
cblr-2872	626	16	into	into	ADP
cblr-2872	626	17	swap	swap	NOUN
cblr-2872	626	18	transactions	transaction	NOUN
cblr-2872	626	19	and	and	CCONJ
cblr-2872	626	20	perceived	perceive	VERB
cblr-2872	626	21	the	the	DET
cblr-2872	626	22	cost	cost	NOUN
cblr-2872	626	23	of	of	ADP
cblr-2872	626	24	swaps	swap	NOUN
cblr-2872	626	25	to	to	PART
cblr-2872	626	26	be	be	AUX
cblr-2872	626	27	smaller	small	ADJ
cblr-2872	626	28	than	than	SCONJ
cblr-2872	626	29	it	it	PRON
cblr-2872	626	30	truly	truly	ADV
cblr-2872	626	31	was	be	AUX
cblr-2872	626	32	.	.	PUNCT
cblr-2872	627	1	to	to	PART
cblr-2872	627	2	address	address	VERB
cblr-2872	627	3	this	this	DET
cblr-2872	627	4	problem	problem	NOUN
cblr-2872	627	5	,	,	PUNCT
cblr-2872	627	6	title	title	NOUN
cblr-2872	627	7	vii	vii	PROPN
cblr-2872	627	8	increases	increase	VERB
cblr-2872	627	9	the	the	DET
cblr-2872	627	10	perceived	perceive	VERB
cblr-2872	627	11	absolute	absolute	ADJ
cblr-2872	627	12	cost	cost	NOUN
cblr-2872	627	13	of	of	ADP
cblr-2872	627	14	entering	enter	VERB
cblr-2872	627	15	into	into	ADP
cblr-2872	627	16	swap	swap	NOUN
cblr-2872	627	17	transactions	transaction	NOUN
cblr-2872	627	18	through	through	ADP
cblr-2872	627	19	75	75	NUM
cblr-2872	627	20	pirrong	pirrong	NOUN
cblr-2872	627	21	,	,	PUNCT
cblr-2872	627	22	supra	supra	ADJ
cblr-2872	627	23	note	note	NOUN
cblr-2872	627	24	1	1	NUM
cblr-2872	627	25	,	,	PUNCT
cblr-2872	627	26	at	at	ADP
cblr-2872	627	27	8	8	NUM
cblr-2872	627	28	-	-	SYM
cblr-2872	627	29	13	13	NUM
cblr-2872	627	30	(	(	PUNCT
cblr-2872	627	31	providing	provide	VERB
cblr-2872	627	32	a	a	DET
cblr-2872	627	33	useful	useful	ADJ
cblr-2872	627	34	mathematical	mathematical	ADJ
cblr-2872	627	35	model	model	NOUN
cblr-2872	627	36	of	of	ADP
cblr-2872	627	37	default	default	NOUN
cblr-2872	627	38	risk	risk	NOUN
cblr-2872	627	39	in	in	ADP
cblr-2872	627	40	derivatives	derivative	NOUN
cblr-2872	627	41	markets	market	NOUN
cblr-2872	627	42	that	that	PRON
cblr-2872	627	43	then	then	ADV
cblr-2872	627	44	extends	extend	VERB
cblr-2872	627	45	to	to	ADP
cblr-2872	627	46	the	the	DET
cblr-2872	627	47	usage	usage	NOUN
cblr-2872	627	48	of	of	ADP
cblr-2872	627	49	clearinghouses	clearinghouse	NOUN
cblr-2872	627	50	)	)	PUNCT
cblr-2872	627	51	.	.	PUNCT
cblr-2872	628	1	76	76	NUM
cblr-2872	628	2	see	see	VERB
cblr-2872	628	3	gretchen	gretchen	PROPN
cblr-2872	628	4	morgenson	morgenson	PROPN
cblr-2872	628	5	,	,	PUNCT
cblr-2872	628	6	the	the	DET
cblr-2872	628	7	swaps	swap	NOUN
cblr-2872	628	8	that	that	PRON
cblr-2872	628	9	swallowed	swallow	VERB
cblr-2872	628	10	your	your	PRON
cblr-2872	628	11	town	town	NOUN
cblr-2872	628	12	,	,	PUNCT
cblr-2872	628	13	n.y	n.y	PROPN
cblr-2872	628	14	.	.	PROPN
cblr-2872	628	15	times	times	PROPN
cblr-2872	628	16	,	,	PUNCT
cblr-2872	628	17	mar	mar	PROPN
cblr-2872	628	18	.	.	PROPN
cblr-2872	628	19	7	7	NUM
cblr-2872	628	20	,	,	PUNCT
cblr-2872	628	21	2010	2010	NUM
cblr-2872	628	22	,	,	PUNCT
cblr-2872	628	23	at	at	ADP
cblr-2872	628	24	bu1	bu1	NOUN
cblr-2872	628	25	(	(	PUNCT
cblr-2872	628	26	"	"	PUNCT
cblr-2872	628	27	imagine	imagine	VERB
cblr-2872	628	28	a	a	DET
cblr-2872	628	29	homeowner	homeowner	NOUN
cblr-2872	628	30	who	who	PRON
cblr-2872	628	31	has	have	VERB
cblr-2872	628	32	a	a	DET
cblr-2872	628	33	mortgage	mortgage	NOUN
cblr-2872	628	34	allowing	allow	VERB
cblr-2872	628	35	her	she	PRON
cblr-2872	628	36	to	to	PART
cblr-2872	628	37	refinance	refinance	VERB
cblr-2872	628	38	without	without	ADP
cblr-2872	628	39	a	a	DET
cblr-2872	628	40	penalty	penalty	NOUN
cblr-2872	628	41	if	if	SCONJ
cblr-2872	628	42	interest	interest	NOUN
cblr-2872	628	43	rates	rate	NOUN
cblr-2872	628	44	drop	drop	VERB
cblr-2872	628	45	,	,	PUNCT
cblr-2872	628	46	as	as	SCONJ
cblr-2872	628	47	many	many	ADJ
cblr-2872	628	48	do	do	VERB
cblr-2872	628	49	.	.	PUNCT
cblr-2872	629	1	then	then	ADV
cblr-2872	629	2	she	she	PRON
cblr-2872	629	3	inexplicably	inexplicably	ADV
cblr-2872	629	4	agrees	agree	VERB
cblr-2872	629	5	to	to	PART
cblr-2872	629	6	give	give	VERB
cblr-2872	629	7	up	up	ADP
cblr-2872	629	8	that	that	DET
cblr-2872	629	9	opportunity	opportunity	NOUN
cblr-2872	629	10	and	and	CCONJ
cblr-2872	629	11	not	not	PART
cblr-2872	629	12	be	be	AUX
cblr-2872	629	13	compensated	compensate	VERB
cblr-2872	629	14	for	for	ADP
cblr-2872	629	15	doing	do	VERB
cblr-2872	629	16	so	so	ADV
cblr-2872	629	17	.	.	PUNCT
cblr-2872	630	1	well	well	INTJ
cblr-2872	630	2	,	,	PUNCT
cblr-2872	630	3	some	some	DET
cblr-2872	630	4	towns	town	NOUN
cblr-2872	630	5	did	do	VERB
cblr-2872	630	6	exactly	exactly	ADV
cblr-2872	630	7	that	that	SCONJ
cblr-2872	630	8	when	when	SCONJ
cblr-2872	630	9	they	they	PRON
cblr-2872	630	10	signed	sign	VERB
cblr-2872	630	11	derivatives	derivative	NOUN
cblr-2872	630	12	contracts	contract	NOUN
cblr-2872	630	13	that	that	PRON
cblr-2872	630	14	locked	lock	VERB
cblr-2872	630	15	them	they	PRON
cblr-2872	630	16	in	in	ADP
cblr-2872	630	17	for	for	ADP
cblr-2872	630	18	30	30	NUM
cblr-2872	630	19	years	year	NOUN
cblr-2872	630	20	....	....	PUNCT
cblr-2872	631	1	the	the	DET
cblr-2872	631	2	prime	prime	ADJ
cblr-2872	631	3	example	example	NOUN
cblr-2872	631	4	,	,	PUNCT
cblr-2872	631	5	of	of	ADP
cblr-2872	631	6	course	course	NOUN
cblr-2872	631	7	,	,	PUNCT
cblr-2872	631	8	of	of	ADP
cblr-2872	631	9	a	a	DET
cblr-2872	631	10	swap	swap	NOUN
cblr-2872	631	11	-	-	PUNCT
cblr-2872	631	12	imperiled	imperil	VERB
cblr-2872	631	13	issuer	issuer	NOUN
cblr-2872	631	14	is	be	AUX
cblr-2872	631	15	jefferson	jefferson	PROPN
cblr-2872	631	16	county	county	PROPN
cblr-2872	631	17	,	,	PUNCT
cblr-2872	631	18	ala	ala	PROPN
cblr-2872	631	19	.	.	PUNCT
cblr-2872	632	1	its	its	PRON
cblr-2872	632	2	swaps	swap	NOUN
cblr-2872	632	3	were	be	AUX
cblr-2872	632	4	supposed	suppose	VERB
cblr-2872	632	5	to	to	PART
cblr-2872	632	6	lower	lower	VERB
cblr-2872	632	7	the	the	DET
cblr-2872	632	8	county	county	NOUN
cblr-2872	632	9	's	's	PART
cblr-2872	632	10	costs	cost	NOUN
cblr-2872	632	11	,	,	PUNCT
cblr-2872	632	12	but	but	CCONJ
cblr-2872	632	13	instead	instead	ADV
cblr-2872	632	14	they	they	PRON
cblr-2872	632	15	wound	wound	VERB
cblr-2872	632	16	up	up	ADP
cblr-2872	632	17	increasing	increase	VERB
cblr-2872	632	18	its	its	PRON
cblr-2872	632	19	indebtedness	indebtedness	NOUN
cblr-2872	632	20	.	.	PUNCT
cblr-2872	633	1	groaning	groan	VERB
cblr-2872	633	2	under	under	ADP
cblr-2872	633	3	a	a	DET
cblr-2872	633	4	$	$	SYM
cblr-2872	633	5	3	3	NUM
cblr-2872	633	6	billion	billion	NUM
cblr-2872	633	7	debt	debt	NOUN
cblr-2872	633	8	load	load	NOUN
cblr-2872	633	9	,	,	PUNCT
cblr-2872	633	10	the	the	DET
cblr-2872	633	11	county	county	NOUN
cblr-2872	633	12	is	be	AUX
cblr-2872	633	13	facing	face	VERB
cblr-2872	633	14	the	the	DET
cblr-2872	633	15	possibility	possibility	NOUN
cblr-2872	633	16	of	of	ADP
cblr-2872	633	17	bankruptcy	bankruptcy	NOUN
cblr-2872	633	18	.	.	PUNCT
cblr-2872	633	19	"	"	PUNCT
cblr-2872	633	20	)	)	PUNCT
cblr-2872	633	21	.	.	PUNCT
cblr-2872	634	1	707regulation	707regulation	NOUN
cblr-2872	634	2	through	through	ADP
cblr-2872	634	3	substitutionno	substitutionno	NOUN
cblr-2872	634	4	.	.	PUNCT
cblr-2872	635	1	3:667	3:667	NUM
cblr-2872	635	2	]	]	X
cblr-2872	635	3	"	"	PUNCT
cblr-2872	635	4	external	external	ADJ
cblr-2872	635	5	business	business	NOUN
cblr-2872	635	6	conduct	conduct	NOUN
cblr-2872	635	7	standards	standard	NOUN
cblr-2872	635	8	"	"	PUNCT
cblr-2872	635	9	that	that	PRON
cblr-2872	635	10	require	require	VERB
cblr-2872	635	11	swap	swap	NOUN
cblr-2872	635	12	dealers	dealer	NOUN
cblr-2872	635	13	and	and	CCONJ
cblr-2872	635	14	major	major	ADJ
cblr-2872	635	15	swap	swap	NOUN
cblr-2872	635	16	participants	participant	NOUN
cblr-2872	635	17	to	to	PART
cblr-2872	635	18	provide	provide	VERB
cblr-2872	635	19	potential	potential	ADJ
cblr-2872	635	20	swap	swap	NOUN
cblr-2872	635	21	counterparties	counterpartie	NOUN
cblr-2872	635	22	with	with	ADP
cblr-2872	635	23	numerous	numerous	ADJ
cblr-2872	635	24	disclosures	disclosure	NOUN
cblr-2872	635	25	.	.	PUNCT
cblr-2872	636	1	these	these	PRON
cblr-2872	636	2	include	include	VERB
cblr-2872	636	3	disclosures	disclosure	NOUN
cblr-2872	636	4	regarding	regard	VERB
cblr-2872	636	5	the	the	DET
cblr-2872	636	6	risks	risk	NOUN
cblr-2872	636	7	of	of	ADP
cblr-2872	636	8	swaps	swap	NOUN
cblr-2872	636	9	,	,	PUNCT
cblr-2872	636	10	conflicts	conflict	NOUN
cblr-2872	636	11	of	of	ADP
cblr-2872	636	12	interest	interest	NOUN
cblr-2872	636	13	of	of	ADP
cblr-2872	636	14	the	the	DET
cblr-2872	636	15	swap	swap	NOUN
cblr-2872	636	16	dealer	dealer	NOUN
cblr-2872	636	17	,	,	PUNCT
cblr-2872	636	18	and	and	CCONJ
cblr-2872	636	19	payoffs	payoff	NOUN
cblr-2872	636	20	under	under	ADP
cblr-2872	636	21	various	various	ADJ
cblr-2872	636	22	loss	loss	NOUN
cblr-2872	636	23	scenarios	scenario	NOUN
cblr-2872	636	24	.	.	PUNCT
cblr-2872	637	1	7	7	NUM
cblr-2872	637	2	these	these	DET
cblr-2872	637	3	requirements	requirement	NOUN
cblr-2872	637	4	include	include	VERB
cblr-2872	637	5	heightened	heighten	VERB
cblr-2872	637	6	disclosure	disclosure	NOUN
cblr-2872	637	7	and	and	CCONJ
cblr-2872	637	8	conduct	conduct	VERB
cblr-2872	637	9	obligations	obligation	NOUN
cblr-2872	637	10	for	for	ADP
cblr-2872	637	11	swap	swap	NOUN
cblr-2872	637	12	dealers	dealer	NOUN
cblr-2872	637	13	and	and	CCONJ
cblr-2872	637	14	major	major	ADJ
cblr-2872	637	15	swap	swap	NOUN
cblr-2872	637	16	participants	participant	NOUN
cblr-2872	637	17	when	when	SCONJ
cblr-2872	637	18	transacting	transact	VERB
cblr-2872	637	19	with	with	ADP
cblr-2872	637	20	so	so	ADV
cblr-2872	637	21	-	-	PUNCT
cblr-2872	637	22	called	call	VERB
cblr-2872	637	23	"	"	PUNCT
cblr-2872	637	24	special	special	ADJ
cblr-2872	637	25	entities	entity	NOUN
cblr-2872	637	26	,	,	PUNCT
cblr-2872	637	27	"	"	PUNCT
cblr-2872	637	28	which	which	PRON
cblr-2872	637	29	include	include	VERB
cblr-2872	637	30	federal	federal	ADJ
cblr-2872	637	31	,	,	PUNCT
cblr-2872	637	32	state	state	NOUN
cblr-2872	637	33	,	,	PUNCT
cblr-2872	637	34	and	and	CCONJ
cblr-2872	637	35	local	local	ADJ
cblr-2872	637	36	government	government	NOUN
cblr-2872	637	37	counterparties	counterpartie	NOUN
cblr-2872	637	38	requiring	require	VERB
cblr-2872	637	39	swap	swap	NOUN
cblr-2872	637	40	dealers	dealer	NOUN
cblr-2872	637	41	and	and	CCONJ
cblr-2872	637	42	major	major	ADJ
cblr-2872	637	43	swap	swap	NOUN
cblr-2872	637	44	participants	participant	NOUN
cblr-2872	637	45	to	to	PART
cblr-2872	637	46	produce	produce	VERB
cblr-2872	637	47	and	and	CCONJ
cblr-2872	637	48	provide	provide	VERB
cblr-2872	637	49	the	the	DET
cblr-2872	637	50	required	require	VERB
cblr-2872	637	51	disclosure	disclosure	NOUN
cblr-2872	637	52	may	may	AUX
cblr-2872	637	53	or	or	CCONJ
cblr-2872	637	54	may	may	AUX
cblr-2872	637	55	not	not	PART
cblr-2872	637	56	increase	increase	VERB
cblr-2872	637	57	the	the	DET
cblr-2872	637	58	actual	actual	ADJ
cblr-2872	637	59	cost	cost	NOUN
cblr-2872	637	60	of	of	ADP
cblr-2872	637	61	swap	swap	NOUN
cblr-2872	637	62	transactions	transaction	NOUN
cblr-2872	637	63	by	by	ADP
cblr-2872	637	64	increasing	increase	VERB
cblr-2872	637	65	compliance	compliance	NOUN
cblr-2872	637	66	costs	cost	NOUN
cblr-2872	637	67	.	.	PUNCT
cblr-2872	638	1	still	still	ADV
cblr-2872	638	2	,	,	PUNCT
cblr-2872	638	3	the	the	DET
cblr-2872	638	4	content	content	NOUN
cblr-2872	638	5	of	of	ADP
cblr-2872	638	6	the	the	DET
cblr-2872	638	7	disclosure	disclosure	NOUN
cblr-2872	638	8	may	may	AUX
cblr-2872	638	9	result	result	VERB
cblr-2872	638	10	in	in	ADP
cblr-2872	638	11	market	market	NOUN
cblr-2872	638	12	participants	participant	NOUN
cblr-2872	638	13	reevaluating	reevaluate	VERB
cblr-2872	638	14	and	and	CCONJ
cblr-2872	638	15	increasing	increase	VERB
cblr-2872	638	16	their	their	PRON
cblr-2872	638	17	(	(	PUNCT
cblr-2872	638	18	calculated	calculated	ADJ
cblr-2872	638	19	)	)	PUNCT
cblr-2872	638	20	absolute	absolute	ADJ
cblr-2872	638	21	cost	cost	NOUN
cblr-2872	638	22	of	of	ADP
cblr-2872	638	23	a	a	DET
cblr-2872	638	24	swap	swap	NOUN
cblr-2872	638	25	transaction	transaction	NOUN
cblr-2872	638	26	,	,	PUNCT
cblr-2872	638	27	thereby	thereby	ADV
cblr-2872	638	28	decreasing	decrease	VERB
cblr-2872	638	29	the	the	DET
cblr-2872	638	30	transaction	transaction	NOUN
cblr-2872	638	31	's	's	PART
cblr-2872	638	32	net	net	ADJ
cblr-2872	638	33	benefit	benefit	NOUN
cblr-2872	638	34	as	as	SCONJ
cblr-2872	638	35	perceived	perceive	VERB
cblr-2872	638	36	by	by	ADP
cblr-2872	638	37	the	the	DET
cblr-2872	638	38	counterparty	counterparty	NOUN
cblr-2872	638	39	and	and	CCONJ
cblr-2872	638	40	discouraging	discourage	VERB
cblr-2872	638	41	the	the	DET
cblr-2872	638	42	use	use	NOUN
cblr-2872	638	43	of	of	ADP
cblr-2872	638	44	swaps	swap	NOUN
cblr-2872	638	45	.	.	PUNCT
cblr-2872	639	1	b.	b.	PROPN
cblr-2872	639	2	futurization	futurization	NOUN
cblr-2872	639	3	as	as	ADP
cblr-2872	639	4	a	a	DET
cblr-2872	639	5	change	change	NOUN
cblr-2872	639	6	in	in	ADP
cblr-2872	639	7	the	the	DET
cblr-2872	639	8	relative	relative	ADJ
cblr-2872	639	9	costs	cost	NOUN
cblr-2872	639	10	of	of	ADP
cblr-2872	639	11	swaps	swap	NOUN
cblr-2872	639	12	and	and	CCONJ
cblr-2872	639	13	futures	future	NOUN
cblr-2872	639	14	for	for	ADP
cblr-2872	639	15	all	all	PRON
cblr-2872	639	16	of	of	ADP
cblr-2872	639	17	its	its	PRON
cblr-2872	639	18	seeming	seeming	ADJ
cblr-2872	639	19	concern	concern	NOUN
cblr-2872	639	20	with	with	ADP
cblr-2872	639	21	the	the	DET
cblr-2872	639	22	absolute	absolute	ADJ
cblr-2872	639	23	cost	cost	NOUN
cblr-2872	639	24	of	of	ADP
cblr-2872	639	25	entering	enter	VERB
cblr-2872	639	26	into	into	ADP
cblr-2872	639	27	swap	swap	NOUN
cblr-2872	639	28	transactions	transaction	NOUN
cblr-2872	639	29	,	,	PUNCT
cblr-2872	639	30	title	title	NOUN
cblr-2872	639	31	vii	vii	PROPN
cblr-2872	639	32	ignores	ignore	VERB
cblr-2872	639	33	the	the	DET
cblr-2872	639	34	change	change	NOUN
cblr-2872	639	35	in	in	ADP
cblr-2872	639	36	relative	relative	ADJ
cblr-2872	639	37	costs	cost	NOUN
cblr-2872	639	38	that	that	PRON
cblr-2872	639	39	results	result	VERB
cblr-2872	639	40	from	from	ADP
cblr-2872	639	41	the	the	DET
cblr-2872	639	42	increase	increase	NOUN
cblr-2872	639	43	in	in	ADP
cblr-2872	639	44	the	the	DET
cblr-2872	639	45	absolute	absolute	ADJ
cblr-2872	639	46	cost	cost	NOUN
cblr-2872	639	47	of	of	ADP
cblr-2872	639	48	swaps	swap	NOUN
cblr-2872	639	49	.	.	PUNCT
cblr-2872	640	1	this	this	PRON
cblr-2872	640	2	is	be	AUX
cblr-2872	640	3	not	not	PART
cblr-2872	640	4	entirely	entirely	ADV
cblr-2872	640	5	surprising	surprising	ADJ
cblr-2872	640	6	.	.	PUNCT
cblr-2872	641	1	as	as	SCONJ
cblr-2872	641	2	argued	argue	VERB
cblr-2872	641	3	above	above	ADV
cblr-2872	641	4	,	,	PUNCT
cblr-2872	641	5	the	the	DET
cblr-2872	641	6	fact	fact	NOUN
cblr-2872	641	7	that	that	SCONJ
cblr-2872	641	8	one	one	NUM
cblr-2872	641	9	regulator	regulator	NOUN
cblr-2872	641	10	(	(	PUNCT
cblr-2872	641	11	here	here	ADV
cblr-2872	641	12	,	,	PUNCT
cblr-2872	641	13	the	the	DET
cblr-2872	641	14	cftc	cftc	PROPN
cblr-2872	641	15	)	)	PUNCT
cblr-2872	641	16	governs	govern	VERB
cblr-2872	641	17	two	two	NUM
cblr-2872	641	18	separate	separate	ADJ
cblr-2872	641	19	and	and	CCONJ
cblr-2872	641	20	different	different	ADJ
cblr-2872	641	21	regulatory	regulatory	ADJ
cblr-2872	641	22	regimes	regime	NOUN
cblr-2872	641	23	for	for	ADP
cblr-2872	641	24	products	product	NOUN
cblr-2872	641	25	that	that	PRON
cblr-2872	641	26	are	be	AUX
cblr-2872	641	27	economically	economically	ADV
cblr-2872	641	28	similar	similar	ADJ
cblr-2872	641	29	(	(	PUNCT
cblr-2872	641	30	and	and	CCONJ
cblr-2872	641	31	,	,	PUNCT
cblr-2872	641	32	in	in	ADP
cblr-2872	641	33	some	some	DET
cblr-2872	641	34	cases	case	NOUN
cblr-2872	641	35	,	,	PUNCT
cblr-2872	641	36	identical	identical	ADJ
cblr-2872	641	37	)	)	PUNCT
cblr-2872	641	38	is	be	AUX
cblr-2872	641	39	an	an	DET
cblr-2872	641	40	accident	accident	NOUN
cblr-2872	641	41	of	of	ADP
cblr-2872	641	42	history	history	NOUN
cblr-2872	641	43	and	and	CCONJ
cblr-2872	641	44	a	a	DET
cblr-2872	641	45	distinctive	distinctive	ADJ
cblr-2872	641	46	rarity	rarity	NOUN
cblr-2872	641	47	of	of	ADP
cblr-2872	641	48	the	the	DET
cblr-2872	641	49	u.s	u.s	PROPN
cblr-2872	641	50	.	.	PROPN
cblr-2872	641	51	financial	financial	ADJ
cblr-2872	641	52	regulatory	regulatory	ADJ
cblr-2872	641	53	system	system	NOUN
cblr-2872	641	54	.	.	PUNCT
cblr-2872	642	1	77	77	NUM
cblr-2872	642	2	business	business	NOUN
cblr-2872	642	3	conduct	conduct	NOUN
cblr-2872	642	4	standards	standard	NOUN
cblr-2872	642	5	for	for	ADP
cblr-2872	642	6	swap	swap	NOUN
cblr-2872	642	7	dealers	dealer	NOUN
cblr-2872	642	8	and	and	CCONJ
cblr-2872	642	9	major	major	ADJ
cblr-2872	642	10	swap	swap	NOUN
cblr-2872	642	11	participants	participant	NOUN
cblr-2872	642	12	with	with	ADP
cblr-2872	642	13	counterparties	counterpartie	NOUN
cblr-2872	642	14	,	,	PUNCT
cblr-2872	642	15	77	77	NUM
cblr-2872	642	16	fed	fed	PROPN
cblr-2872	642	17	.	.	PUNCT
cblr-2872	643	1	reg	reg	PROPN
cblr-2872	643	2	.	.	PUNCT
cblr-2872	644	1	9734	9734	NUM
cblr-2872	644	2	(	(	PUNCT
cblr-2872	644	3	feb	feb	PROPN
cblr-2872	644	4	.	.	PROPN
cblr-2872	644	5	17	17	NUM
cblr-2872	644	6	,	,	PUNCT
cblr-2872	644	7	2012	2012	NUM
cblr-2872	644	8	)	)	PUNCT
cblr-2872	644	9	(	(	PUNCT
cblr-2872	644	10	amending	amend	VERB
cblr-2872	644	11	17	17	NUM
cblr-2872	644	12	c.f.r	c.f.r	NOUN
cblr-2872	644	13	.	.	PUNCT
cblr-2872	645	1	pts	pts	PROPN
cblr-2872	645	2	.	.	PROPN
cblr-2872	645	3	4	4	NUM
cblr-2872	645	4	,	,	PUNCT
cblr-2872	645	5	23	23	NUM
cblr-2872	645	6	)	)	PUNCT
cblr-2872	645	7	.	.	PUNCT
cblr-2872	646	1	78	78	NUM
cblr-2872	646	2	specifically	specifically	ADV
cblr-2872	646	3	,	,	PUNCT
cblr-2872	646	4	cftc	cftc	PROPN
cblr-2872	646	5	regulation	regulation	PROPN
cblr-2872	646	6	23.401(c	23.401(c	PROPN
cblr-2872	646	7	)	)	PUNCT
cblr-2872	646	8	defines	define	VERB
cblr-2872	646	9	the	the	DET
cblr-2872	646	10	term	term	NOUN
cblr-2872	646	11	"	"	PUNCT
cblr-2872	646	12	special	special	ADJ
cblr-2872	646	13	entity	entity	NOUN
cblr-2872	646	14	,	,	PUNCT
cblr-2872	646	15	"	"	PUNCT
cblr-2872	646	16	and	and	CCONJ
cblr-2872	646	17	cftc	cftc	PROPN
cblr-2872	646	18	regulations	regulation	NOUN
cblr-2872	646	19	23.440	23.440	NUM
cblr-2872	646	20	and	and	CCONJ
cblr-2872	646	21	23.450	23.450	NUM
cblr-2872	646	22	include	include	VERB
cblr-2872	646	23	heightened	heighten	VERB
cblr-2872	646	24	obligations	obligation	NOUN
cblr-2872	646	25	for	for	ADP
cblr-2872	646	26	swap	swap	NOUN
cblr-2872	646	27	dealers	dealer	NOUN
cblr-2872	646	28	and	and	CCONJ
cblr-2872	646	29	major	major	ADJ
cblr-2872	646	30	swap	swap	NOUN
cblr-2872	646	31	participants	participant	NOUN
cblr-2872	646	32	when	when	SCONJ
cblr-2872	646	33	dealing	deal	VERB
cblr-2872	646	34	with	with	ADP
cblr-2872	646	35	special	special	ADJ
cblr-2872	646	36	entities	entity	NOUN
cblr-2872	646	37	.	.	PUNCT
cblr-2872	647	1	17	17	NUM
cblr-2872	647	2	c.f.r	c.f.r	NOUN
cblr-2872	647	3	.	.	PUNCT
cblr-2872	648	1	§	§	PROPN
cblr-2872	648	2	§	§	PROPN
cblr-2872	648	3	23.400	23.400	NUM
cblr-2872	648	4	;	;	PUNCT
cblr-2872	648	5	23.401(c	23.401(c	NUM
cblr-2872	648	6	)	)	PUNCT
cblr-2872	648	7	;	;	PUNCT
cblr-2872	648	8	23.440	23.440	NUM
cblr-2872	648	9	;	;	PUNCT
cblr-2872	648	10	23.450	23.450	NUM
cblr-2872	648	11	.	.	X
cblr-2872	648	12	708	708	NUM
cblr-2872	648	13	col	col	PROPN
cblr-2872	648	14	umbia	umbia	PROPN
cblr-2872	648	15	b	b	PROPN
cblr-2872	648	16	usiness	usiness	PROPN
cblr-2872	648	17	la	la	PROPN
cblr-2872	648	18	w	w	PROPN
cblr-2872	648	19	re	re	PROPN
cblr-2872	648	20	vie	vie	PROPN
cblr-2872	648	21	w	w	PROPN
cblr-2872	649	1	[	[	X
cblr-2872	649	2	vol	vol	NOUN
cblr-2872	649	3	.	.	PUNCT
cblr-2872	649	4	2013	2013	NUM
cblr-2872	649	5	regulation	regulation	NOUN
cblr-2872	649	6	through	through	ADP
cblr-2872	649	7	substitution	substitution	NOUN
cblr-2872	649	8	as	as	SCONJ
cblr-2872	649	9	depicted	depict	VERB
cblr-2872	649	10	in	in	ADP
cblr-2872	649	11	figure	figure	NOUN
cblr-2872	649	12	4	4	NUM
cblr-2872	649	13	,	,	PUNCT
cblr-2872	649	14	absent	absent	ADJ
cblr-2872	649	15	significant	significant	ADJ
cblr-2872	649	16	regulatory	regulatory	ADJ
cblr-2872	649	17	costs	cost	NOUN
cblr-2872	649	18	,	,	PUNCT
cblr-2872	649	19	economic	economic	ADJ
cblr-2872	649	20	concerns	concern	NOUN
cblr-2872	649	21	would	would	AUX
cblr-2872	649	22	determine	determine	VERB
cblr-2872	649	23	whether	whether	SCONJ
cblr-2872	649	24	a	a	DET
cblr-2872	649	25	specific	specific	ADJ
cblr-2872	649	26	transaction	transaction	NOUN
cblr-2872	649	27	is	be	AUX
cblr-2872	649	28	transacted	transact	VERB
cblr-2872	649	29	as	as	ADP
cblr-2872	649	30	a	a	DET
cblr-2872	649	31	futures	future	NOUN
cblr-2872	649	32	contract	contract	NOUN
cblr-2872	649	33	,	,	PUNCT
cblr-2872	649	34	as	as	ADP
cblr-2872	649	35	a	a	DET
cblr-2872	649	36	swap	swap	NOUN
cblr-2872	649	37	,	,	PUNCT
cblr-2872	649	38	or	or	CCONJ
cblr-2872	649	39	not	not	PART
cblr-2872	649	40	at	at	ADV
cblr-2872	649	41	all	all	ADV
cblr-2872	649	42	.	.	PUNCT
cblr-2872	650	1	specifically	specifically	ADV
cblr-2872	650	2	,	,	PUNCT
cblr-2872	650	3	since	since	SCONJ
cblr-2872	650	4	regulatory	regulatory	ADJ
cblr-2872	650	5	cost	cost	NOUN
cblr-2872	650	6	is	be	AUX
cblr-2872	650	7	zero	zero	NUM
cblr-2872	650	8	,	,	PUNCT
cblr-2872	650	9	where	where	SCONJ
cblr-2872	650	10	the	the	DET
cblr-2872	650	11	economic	economic	ADJ
cblr-2872	650	12	benefit	benefit	NOUN
cblr-2872	650	13	of	of	ADP
cblr-2872	650	14	transacting	transact	VERB
cblr-2872	650	15	in	in	ADP
cblr-2872	650	16	a	a	DET
cblr-2872	650	17	swap	swap	NOUN
cblr-2872	650	18	is	be	AUX
cblr-2872	650	19	greater	great	ADJ
cblr-2872	650	20	than	than	ADP
cblr-2872	650	21	the	the	DET
cblr-2872	650	22	economic	economic	ADJ
cblr-2872	650	23	benefit	benefit	NOUN
cblr-2872	650	24	of	of	ADP
cblr-2872	650	25	transacting	transact	VERB
cblr-2872	650	26	in	in	ADP
cblr-2872	650	27	a	a	DET
cblr-2872	650	28	futures	future	NOUN
cblr-2872	650	29	contract	contract	NOUN
cblr-2872	650	30	,	,	PUNCT
cblr-2872	650	31	the	the	DET
cblr-2872	650	32	market	market	NOUN
cblr-2872	650	33	participant	participant	NOUN
cblr-2872	650	34	will	will	AUX
cblr-2872	650	35	transact	transact	VERB
cblr-2872	650	36	in	in	ADP
cblr-2872	650	37	the	the	DET
cblr-2872	650	38	swap	swap	NOUN
cblr-2872	650	39	.	.	PUNCT
cblr-2872	651	1	the	the	DET
cblr-2872	651	2	opposite	opposite	NOUN
cblr-2872	651	3	is	be	AUX
cblr-2872	651	4	true	true	ADJ
cblr-2872	651	5	,	,	PUNCT
cblr-2872	651	6	as	as	ADV
cblr-2872	651	7	well	well	ADV
cblr-2872	651	8	.	.	PUNCT
cblr-2872	652	1	market	market	NOUN
cblr-2872	652	2	participants	participant	NOUN
cblr-2872	652	3	will	will	AUX
cblr-2872	652	4	transact	transact	VERB
cblr-2872	652	5	based	base	VERB
cblr-2872	652	6	on	on	ADP
cblr-2872	652	7	relative	relative	ADJ
cblr-2872	652	8	economic	economic	ADJ
cblr-2872	652	9	benefits	benefit	NOUN
cblr-2872	652	10	and	and	CCONJ
cblr-2872	652	11	these	these	DET
cblr-2872	652	12	choices	choice	NOUN
cblr-2872	652	13	will	will	AUX
cblr-2872	652	14	not	not	PART
cblr-2872	652	15	be	be	AUX
cblr-2872	652	16	distorted	distort	VERB
cblr-2872	652	17	by	by	ADP
cblr-2872	652	18	regulatory	regulatory	ADJ
cblr-2872	652	19	costs	cost	NOUN
cblr-2872	652	20	.	.	PUNCT
cblr-2872	653	1	figure	figure	VERB
cblr-2872	653	2	4	4	NUM
cblr-2872	653	3	:	:	PUNCT
cblr-2872	653	4	the	the	DET
cblr-2872	653	5	choice	choice	NOUN
cblr-2872	653	6	between	between	ADP
cblr-2872	653	7	futures	future	NOUN
cblr-2872	653	8	and	and	CCONJ
cblr-2872	653	9	swaps	swap	NOUN
cblr-2872	653	10	in	in	ADP
cblr-2872	653	11	the	the	DET
cblr-2872	653	12	absence	absence	NOUN
cblr-2872	653	13	of	of	ADP
cblr-2872	653	14	regulation	regulation	NOUN
cblr-2872	653	15	transact	transact	NOUN
cblr-2872	653	16	in	in	ADP
cblr-2872	653	17	neither	neither	DET
cblr-2872	653	18	product	product	NOUN
cblr-2872	653	19	transact	transact	NOUN
cblr-2872	653	20	in	in	ADP
cblr-2872	653	21	swaps	swap	NOUN
cblr-2872	653	22	transact	transact	NOUN
cblr-2872	653	23	in	in	ADP
cblr-2872	653	24	futures	future	NOUN
cblr-2872	653	25	no	no	NOUN
cblr-2872	653	26	.	.	PUNCT
cblr-2872	654	1	3:667	3:667	NUM
cblr-2872	654	2	]	]	X
cblr-2872	654	3	709	709	NUM
cblr-2872	654	4	columbia	columbia	PROPN
cblr-2872	654	5	business	business	NOUN
cblr-2872	654	6	law	law	PROPN
cblr-2872	654	7	review	review	NOUN
cblr-2872	654	8	during	during	ADP
cblr-2872	654	9	the	the	DET
cblr-2872	654	10	decade	decade	NOUN
cblr-2872	654	11	between	between	ADP
cblr-2872	654	12	the	the	DET
cblr-2872	654	13	enactment	enactment	NOUN
cblr-2872	654	14	of	of	ADP
cblr-2872	654	15	the	the	DET
cblr-2872	654	16	cfma	cfma	NOUN
cblr-2872	654	17	and	and	CCONJ
cblr-2872	654	18	dodd	dodd	PROPN
cblr-2872	654	19	-	-	PUNCT
cblr-2872	654	20	frank	frank	PROPN
cblr-2872	654	21	,	,	PUNCT
cblr-2872	654	22	the	the	DET
cblr-2872	654	23	regulatory	regulatory	ADJ
cblr-2872	654	24	cost	cost	NOUN
cblr-2872	654	25	of	of	ADP
cblr-2872	654	26	futures	future	NOUN
cblr-2872	654	27	was	be	AUX
cblr-2872	654	28	significantly	significantly	ADV
cblr-2872	654	29	higher	high	ADJ
cblr-2872	654	30	than	than	ADP
cblr-2872	654	31	the	the	DET
cblr-2872	654	32	regulatory	regulatory	ADJ
cblr-2872	654	33	cost	cost	NOUN
cblr-2872	654	34	of	of	ADP
cblr-2872	654	35	swaps	swap	NOUN
cblr-2872	654	36	for	for	ADP
cblr-2872	654	37	those	those	DET
cblr-2872	654	38	market	market	NOUN
cblr-2872	654	39	participants	participant	NOUN
cblr-2872	654	40	eligible	eligible	ADJ
cblr-2872	654	41	to	to	PART
cblr-2872	654	42	enter	enter	VERB
cblr-2872	654	43	into	into	ADP
cblr-2872	654	44	swaps	swap	NOUN
cblr-2872	654	45	.	.	PUNCT
cblr-2872	655	1	the	the	DET
cblr-2872	655	2	result	result	NOUN
cblr-2872	655	3	,	,	PUNCT
cblr-2872	655	4	as	as	SCONJ
cblr-2872	655	5	shown	show	VERB
cblr-2872	655	6	in	in	ADP
cblr-2872	655	7	figure	figure	NOUN
cblr-2872	655	8	5	5	NUM
cblr-2872	655	9	,	,	PUNCT
cblr-2872	655	10	was	be	AUX
cblr-2872	655	11	a	a	DET
cblr-2872	655	12	move	move	NOUN
cblr-2872	655	13	away	away	ADV
cblr-2872	655	14	from	from	ADP
cblr-2872	655	15	the	the	DET
cblr-2872	655	16	economic	economic	ADJ
cblr-2872	655	17	equilibrium	equilibrium	NOUN
cblr-2872	655	18	absent	absent	ADJ
cblr-2872	655	19	regulation	regulation	NOUN
cblr-2872	655	20	and	and	CCONJ
cblr-2872	655	21	towards	towards	ADP
cblr-2872	655	22	swaps	swap	NOUN
cblr-2872	655	23	-	-	PUNCT
cblr-2872	655	24	the	the	DET
cblr-2872	655	25	"	"	PUNCT
cblr-2872	655	26	swapification	swapification	NOUN
cblr-2872	655	27	"	"	PUNCT
cblr-2872	655	28	of	of	ADP
cblr-2872	655	29	futures	future	NOUN
cblr-2872	655	30	contracts	contract	NOUN
cblr-2872	655	31	.	.	PUNCT
cblr-2872	656	1	figure	figure	VERB
cblr-2872	656	2	5	5	NUM
cblr-2872	656	3	:	:	PUNCT
cblr-2872	656	4	the	the	DET
cblr-2872	656	5	choice	choice	NOUN
cblr-2872	656	6	between	between	ADP
cblr-2872	656	7	futures	future	NOUN
cblr-2872	656	8	and	and	CCONJ
cblr-2872	656	9	swaps	swap	NOUN
cblr-2872	656	10	after	after	ADP
cblr-2872	656	11	the	the	DET
cblr-2872	656	12	cfma	cfma	NOUN
cblr-2872	656	13	but	but	CCONJ
cblr-2872	656	14	before	before	ADP
cblr-2872	656	15	dodd	dodd	PROPN
cblr-2872	656	16	-	-	PUNCT
cblr-2872	656	17	frank	frank	PROPN
cblr-2872	656	18	by	by	ADP
cblr-2872	656	19	increasing	increase	VERB
cblr-2872	656	20	the	the	DET
cblr-2872	656	21	absolute	absolute	ADJ
cblr-2872	656	22	cost	cost	NOUN
cblr-2872	656	23	of	of	ADP
cblr-2872	656	24	entering	enter	VERB
cblr-2872	656	25	into	into	ADP
cblr-2872	656	26	swap	swap	NOUN
cblr-2872	656	27	transactions	transaction	NOUN
cblr-2872	656	28	,	,	PUNCT
cblr-2872	656	29	title	title	NOUN
cblr-2872	656	30	vii	vii	PROPN
cblr-2872	656	31	will	will	AUX
cblr-2872	656	32	decrease	decrease	VERB
cblr-2872	656	33	the	the	DET
cblr-2872	656	34	number	number	NOUN
cblr-2872	656	35	of	of	ADP
cblr-2872	656	36	swap	swap	NOUN
cblr-2872	656	37	transactions	transaction	NOUN
cblr-2872	656	38	entered	enter	VERB
cblr-2872	656	39	into	into	ADP
cblr-2872	656	40	,	,	PUNCT
cblr-2872	656	41	as	as	SCONJ
cblr-2872	656	42	illustrated	illustrate	VERB
cblr-2872	656	43	by	by	ADP
cblr-2872	656	44	figure	figure	NOUN
cblr-2872	656	45	6	6	NUM
cblr-2872	656	46	.	.	PUNCT
cblr-2872	657	1	by	by	ADP
cblr-2872	657	2	710	710	NUM
cblr-2872	657	3	[	[	NOUN
cblr-2872	657	4	vol	vol	NOUN
cblr-2872	657	5	.	.	PUNCT
cblr-2872	657	6	2013	2013	NUM
cblr-2872	657	7	regulation	regulation	NOUN
cblr-2872	657	8	through	through	ADP
cblr-2872	657	9	substitution	substitution	NOUN
cblr-2872	657	10	changing	change	VERB
cblr-2872	657	11	the	the	DET
cblr-2872	657	12	relative	relative	ADJ
cblr-2872	657	13	cost	cost	NOUN
cblr-2872	657	14	of	of	ADP
cblr-2872	657	15	swaps	swap	NOUN
cblr-2872	657	16	versus	versus	ADP
cblr-2872	657	17	futures	future	NOUN
cblr-2872	657	18	,	,	PUNCT
cblr-2872	657	19	title	title	NOUN
cblr-2872	657	20	vii	vii	PROPN
cblr-2872	657	21	will	will	AUX
cblr-2872	657	22	increase	increase	VERB
cblr-2872	657	23	the	the	DET
cblr-2872	657	24	number	number	NOUN
cblr-2872	657	25	of	of	ADP
cblr-2872	657	26	futures	future	NOUN
cblr-2872	657	27	transactions	transaction	NOUN
cblr-2872	657	28	entered	enter	VERB
cblr-2872	657	29	into	into	ADP
cblr-2872	657	30	.	.	PUNCT
cblr-2872	658	1	assuming	assume	VERB
cblr-2872	658	2	that	that	SCONJ
cblr-2872	658	3	the	the	DET
cblr-2872	658	4	increase	increase	NOUN
cblr-2872	658	5	in	in	ADP
cblr-2872	658	6	the	the	DET
cblr-2872	658	7	absolute	absolute	ADJ
cblr-2872	658	8	cost	cost	NOUN
cblr-2872	658	9	of	of	ADP
cblr-2872	658	10	swap	swap	NOUN
cblr-2872	658	11	transactions	transaction	NOUN
cblr-2872	658	12	is	be	AUX
cblr-2872	658	13	not	not	PART
cblr-2872	658	14	so	so	ADV
cblr-2872	658	15	large	large	ADJ
cblr-2872	658	16	as	as	SCONJ
cblr-2872	658	17	to	to	PART
cblr-2872	658	18	overshoot	overshoot	VERB
cblr-2872	658	19	the	the	DET
cblr-2872	658	20	initial	initial	ADJ
cblr-2872	658	21	regulatory	regulatory	ADJ
cblr-2872	658	22	equilibrium	equilibrium	NOUN
cblr-2872	658	23	,	,	PUNCT
cblr-2872	658	24	all	all	PRON
cblr-2872	658	25	of	of	ADP
cblr-2872	658	26	the	the	DET
cblr-2872	658	27	"	"	PUNCT
cblr-2872	658	28	futurized	futurize	VERB
cblr-2872	658	29	"	"	PUNCT
cblr-2872	658	30	swaps	swap	NOUN
cblr-2872	658	31	are	be	AUX
cblr-2872	658	32	transactions	transaction	NOUN
cblr-2872	658	33	that	that	PRON
cblr-2872	658	34	would	would	AUX
cblr-2872	658	35	have	have	AUX
cblr-2872	658	36	been	be	AUX
cblr-2872	658	37	transacted	transact	VERB
cblr-2872	658	38	as	as	ADP
cblr-2872	658	39	swaps	swap	NOUN
cblr-2872	658	40	predodd	predodd	ADV
cblr-2872	658	41	-	-	PUNCT
cblr-2872	658	42	frank	frank	ADJ
cblr-2872	658	43	but	but	CCONJ
cblr-2872	658	44	for	for	ADP
cblr-2872	658	45	the	the	DET
cblr-2872	658	46	increased	increase	VERB
cblr-2872	658	47	relative	relative	ADJ
cblr-2872	658	48	cost	cost	NOUN
cblr-2872	658	49	of	of	ADP
cblr-2872	658	50	futures	future	NOUN
cblr-2872	658	51	contracts	contract	NOUN
cblr-2872	658	52	.	.	PUNCT
cblr-2872	659	1	in	in	ADP
cblr-2872	659	2	other	other	ADJ
cblr-2872	659	3	words	word	NOUN
cblr-2872	659	4	,	,	PUNCT
cblr-2872	659	5	"	"	PUNCT
cblr-2872	659	6	futurization	futurization	NOUN
cblr-2872	659	7	"	"	PUNCT
cblr-2872	659	8	is	be	AUX
cblr-2872	659	9	really	really	ADV
cblr-2872	659	10	the	the	DET
cblr-2872	659	11	restoration	restoration	NOUN
cblr-2872	659	12	of	of	ADP
cblr-2872	659	13	contracts	contract	NOUN
cblr-2872	659	14	that	that	PRON
cblr-2872	659	15	were	be	AUX
cblr-2872	659	16	originally	originally	ADV
cblr-2872	659	17	"	"	PUNCT
cblr-2872	659	18	swapified	swapifie	VERB
cblr-2872	659	19	.	.	PUNCT
cblr-2872	659	20	"	"	PUNCT
cblr-2872	659	21	figure	figure	VERB
cblr-2872	659	22	6	6	NUM
cblr-2872	659	23	:	:	PUNCT
cblr-2872	659	24	the	the	DET
cblr-2872	659	25	choice	choice	NOUN
cblr-2872	659	26	between	between	ADP
cblr-2872	659	27	futures	future	NOUN
cblr-2872	659	28	and	and	CCONJ
cblr-2872	659	29	swaps	swap	NOUN
cblr-2872	659	30	after	after	ADP
cblr-2872	659	31	dodd	dodd	PROPN
cblr-2872	659	32	-	-	PUNCT
cblr-2872	659	33	frank	frank	PROPN
cblr-2872	659	34	and	and	CCONJ
cblr-2872	659	35	the	the	DET
cblr-2872	659	36	resulting	result	VERB
cblr-2872	659	37	futurization	futurization	NOUN
cblr-2872	659	38	no	no	DET
cblr-2872	659	39	transactions	transaction	NOUN
cblr-2872	659	40	pre	pre	ADJ
cblr-2872	659	41	-	-	ADJ
cblr-2872	659	42	dodd	dodd	ADJ
cblr-2872	659	43	-	-	PUNCT
cblr-2872	659	44	frank	frank	ADJ
cblr-2872	659	45	swaps	swap	NOUN
cblr-2872	659	46	pre	pre	NOUN
cblr-2872	659	47	-	-	ADJ
cblr-2872	659	48	dodd	dodd	ADJ
cblr-2872	659	49	-	-	PUNCT
cblr-2872	659	50	frank	frank	PROPN
cblr-2872	659	51	futures	future	NOUN
cblr-2872	659	52	pre	pre	NOUN
cblr-2872	659	53	-	-	PROPN
cblr-2872	659	54	dodd	dodd	NOUN
cblr-2872	659	55	-	-	PUNCT
cblr-2872	659	56	frank	frank	PROPN
cblr-2872	659	57	no	no	NOUN
cblr-2872	659	58	.	.	PUNCT
cblr-2872	660	1	3:667	3:667	NUM
cblr-2872	660	2	]	]	PUNCT
cblr-2872	660	3	711	711	NUM
cblr-2872	660	4	in	in	ADP
cblr-2872	660	5	the	the	DET
cblr-2872	660	6	next	next	ADJ
cblr-2872	660	7	part	part	NOUN
cblr-2872	660	8	,	,	PUNCT
cblr-2872	660	9	we	we	PRON
cblr-2872	660	10	use	use	VERB
cblr-2872	660	11	our	our	PRON
cblr-2872	660	12	model	model	NOUN
cblr-2872	660	13	to	to	PART
cblr-2872	660	14	describe	describe	VERB
cblr-2872	660	15	and	and	CCONJ
cblr-2872	660	16	predict	predict	VERB
cblr-2872	660	17	the	the	DET
cblr-2872	660	18	futurization	futurization	NOUN
cblr-2872	660	19	effects	effect	NOUN
cblr-2872	660	20	of	of	ADP
cblr-2872	660	21	three	three	NUM
cblr-2872	660	22	specific	specific	ADJ
cblr-2872	660	23	title	title	NOUN
cblr-2872	660	24	vii	vii	NOUN
cblr-2872	660	25	-	-	PUNCT
cblr-2872	660	26	related	relate	VERB
cblr-2872	660	27	regulations	regulation	NOUN
cblr-2872	660	28	.	.	PUNCT
cblr-2872	661	1	in	in	ADP
cblr-2872	661	2	doing	do	VERB
cblr-2872	661	3	so	so	ADV
cblr-2872	661	4	,	,	PUNCT
cblr-2872	661	5	our	our	PRON
cblr-2872	661	6	simple	simple	ADJ
cblr-2872	661	7	model	model	NOUN
cblr-2872	661	8	demonstrates	demonstrate	VERB
cblr-2872	661	9	that	that	SCONJ
cblr-2872	661	10	"	"	PUNCT
cblr-2872	661	11	regulation	regulation	NOUN
cblr-2872	661	12	through	through	ADP
cblr-2872	661	13	substitution	substitution	NOUN
cblr-2872	661	14	"	"	PUNCT
cblr-2872	661	15	is	be	AUX
cblr-2872	661	16	a	a	DET
cblr-2872	661	17	nuanced	nuanced	ADJ
cblr-2872	661	18	regulatory	regulatory	ADJ
cblr-2872	661	19	tool	tool	NOUN
cblr-2872	661	20	that	that	PRON
cblr-2872	661	21	can	can	AUX
cblr-2872	661	22	be	be	AUX
cblr-2872	661	23	used	use	VERB
cblr-2872	661	24	by	by	ADP
cblr-2872	661	25	the	the	DET
cblr-2872	661	26	cftc	cftc	PROPN
cblr-2872	661	27	to	to	PART
cblr-2872	661	28	incentivize	incentivize	VERB
cblr-2872	661	29	the	the	DET
cblr-2872	661	30	futurization	futurization	NOUN
cblr-2872	661	31	of	of	ADP
cblr-2872	661	32	certain	certain	ADJ
cblr-2872	661	33	swap	swap	NOUN
cblr-2872	661	34	products	product	NOUN
cblr-2872	661	35	transacted	transact	VERB
cblr-2872	661	36	by	by	ADP
cblr-2872	661	37	certain	certain	ADJ
cblr-2872	661	38	market	market	NOUN
cblr-2872	661	39	participants	participant	NOUN
cblr-2872	661	40	.	.	PUNCT
cblr-2872	662	1	v.	v.	ADP
cblr-2872	662	2	deconstructing	deconstruct	VERB
cblr-2872	662	3	futurization	futurization	NOUN
cblr-2872	662	4	:	:	PUNCT
cblr-2872	662	5	the	the	DET
cblr-2872	662	6	differential	differential	ADJ
cblr-2872	662	7	relative	relative	ADJ
cblr-2872	662	8	cost	cost	NOUN
cblr-2872	662	9	effects	effect	NOUN
cblr-2872	662	10	of	of	ADP
cblr-2872	662	11	three	three	NUM
cblr-2872	662	12	key	key	ADJ
cblr-2872	662	13	regulations	regulation	NOUN
cblr-2872	662	14	to	to	ADP
cblr-2872	662	15	this	this	DET
cblr-2872	662	16	point	point	NOUN
cblr-2872	662	17	,	,	PUNCT
cblr-2872	662	18	we	we	PRON
cblr-2872	662	19	have	have	AUX
cblr-2872	662	20	described	describe	VERB
cblr-2872	662	21	dodd	dodd	PROPN
cblr-2872	662	22	-	-	PUNCT
cblr-2872	662	23	frank	frank	PROPN
cblr-2872	662	24	act	act	PROPN
cblr-2872	662	25	swap	swap	NOUN
cblr-2872	662	26	regulations	regulation	NOUN
cblr-2872	662	27	as	as	ADP
cblr-2872	662	28	increasing	increase	VERB
cblr-2872	662	29	the	the	DET
cblr-2872	662	30	absolute	absolute	ADJ
cblr-2872	662	31	cost	cost	NOUN
cblr-2872	662	32	of	of	ADP
cblr-2872	662	33	swap	swap	NOUN
cblr-2872	662	34	transactions	transaction	NOUN
cblr-2872	662	35	and	and	CCONJ
cblr-2872	662	36	,	,	PUNCT
cblr-2872	662	37	thereby	thereby	ADV
cblr-2872	662	38	,	,	PUNCT
cblr-2872	662	39	their	their	PRON
cblr-2872	662	40	relative	relative	ADJ
cblr-2872	662	41	cost	cost	NOUN
cblr-2872	662	42	compared	compare	VERB
cblr-2872	662	43	to	to	ADP
cblr-2872	662	44	futures	future	NOUN
cblr-2872	662	45	transactions	transaction	NOUN
cblr-2872	662	46	.	.	PUNCT
cblr-2872	663	1	in	in	ADP
cblr-2872	663	2	doing	do	VERB
cblr-2872	663	3	so	so	ADV
cblr-2872	663	4	,	,	PUNCT
cblr-2872	663	5	consistent	consistent	ADJ
cblr-2872	663	6	with	with	ADP
cblr-2872	663	7	most	most	ADJ
cblr-2872	663	8	debate	debate	NOUN
cblr-2872	663	9	on	on	ADP
cblr-2872	663	10	the	the	DET
cblr-2872	663	11	futurization	futurization	NOUN
cblr-2872	663	12	issue	issue	NOUN
cblr-2872	663	13	to	to	ADP
cblr-2872	663	14	this	this	DET
cblr-2872	663	15	point	point	NOUN
cblr-2872	663	16	,	,	PUNCT
cblr-2872	663	17	we	we	PRON
cblr-2872	663	18	have	have	AUX
cblr-2872	663	19	treated	treat	VERB
cblr-2872	663	20	cost	cost	NOUN
cblr-2872	663	21	as	as	ADP
cblr-2872	663	22	a	a	DET
cblr-2872	663	23	single	single	ADJ
cblr-2872	663	24	variable	variable	NOUN
cblr-2872	663	25	that	that	PRON
cblr-2872	663	26	the	the	DET
cblr-2872	663	27	cftc	cftc	PROPN
cblr-2872	663	28	controls	control	VERB
cblr-2872	663	29	directly	directly	ADV
cblr-2872	663	30	.	.	PUNCT
cblr-2872	664	1	in	in	ADP
cblr-2872	664	2	reality	reality	NOUN
cblr-2872	664	3	,	,	PUNCT
cblr-2872	664	4	of	of	ADP
cblr-2872	664	5	course	course	NOUN
cblr-2872	664	6	,	,	PUNCT
cblr-2872	664	7	the	the	DET
cblr-2872	664	8	title	title	NOUN
cblr-2872	664	9	vii	vii	PROPN
cblr-2872	664	10	regulatory	regulatory	ADJ
cblr-2872	664	11	regime	regime	NOUN
cblr-2872	664	12	imposes	impose	VERB
cblr-2872	664	13	a	a	DET
cblr-2872	664	14	series	series	NOUN
cblr-2872	664	15	of	of	ADP
cblr-2872	664	16	regulatory	regulatory	ADJ
cblr-2872	664	17	requirements	requirement	NOUN
cblr-2872	664	18	on	on	ADP
cblr-2872	664	19	swaps	swap	NOUN
cblr-2872	664	20	,	,	PUNCT
cblr-2872	664	21	each	each	PRON
cblr-2872	664	22	of	of	ADP
cblr-2872	664	23	which	which	PRON
cblr-2872	664	24	has	have	VERB
cblr-2872	664	25	its	its	PRON
cblr-2872	664	26	own	own	ADJ
cblr-2872	664	27	cost	cost	NOUN
cblr-2872	664	28	effects	effect	NOUN
cblr-2872	664	29	.	.	PUNCT
cblr-2872	665	1	a	a	DET
cblr-2872	665	2	market	market	NOUN
cblr-2872	665	3	participant	participant	NOUN
cblr-2872	665	4	's	's	PART
cblr-2872	665	5	choice	choice	NOUN
cblr-2872	665	6	to	to	PART
cblr-2872	665	7	use	use	VERB
cblr-2872	665	8	a	a	DET
cblr-2872	665	9	swap	swap	NOUN
cblr-2872	665	10	or	or	CCONJ
cblr-2872	665	11	futures	future	NOUN
cblr-2872	665	12	transaction	transaction	NOUN
cblr-2872	665	13	-	-	PUNCT
cblr-2872	665	14	or	or	CCONJ
cblr-2872	665	15	neitherdepends	neitherdepend	NOUN
cblr-2872	665	16	on	on	ADP
cblr-2872	665	17	the	the	DET
cblr-2872	665	18	sum	sum	NOUN
cblr-2872	665	19	total	total	NOUN
cblr-2872	665	20	of	of	ADP
cblr-2872	665	21	these	these	DET
cblr-2872	665	22	cost	cost	NOUN
cblr-2872	665	23	effects	effect	NOUN
cblr-2872	665	24	.	.	PUNCT
cblr-2872	666	1	the	the	DET
cblr-2872	666	2	effects	effect	NOUN
cblr-2872	666	3	of	of	ADP
cblr-2872	666	4	different	different	ADJ
cblr-2872	666	5	regulations	regulation	NOUN
cblr-2872	666	6	are	be	AUX
cblr-2872	666	7	not	not	PART
cblr-2872	666	8	uniform	uniform	ADJ
cblr-2872	666	9	on	on	ADP
cblr-2872	666	10	market	market	NOUN
cblr-2872	666	11	participants	participant	NOUN
cblr-2872	666	12	.	.	PUNCT
cblr-2872	667	1	one	one	NUM
cblr-2872	667	2	regulation	regulation	NOUN
cblr-2872	667	3	may	may	AUX
cblr-2872	667	4	significantly	significantly	ADV
cblr-2872	667	5	increase	increase	VERB
cblr-2872	667	6	the	the	DET
cblr-2872	667	7	cost	cost	NOUN
cblr-2872	667	8	of	of	ADP
cblr-2872	667	9	swaps	swap	NOUN
cblr-2872	667	10	to	to	PART
cblr-2872	667	11	swap	swap	VERB
cblr-2872	667	12	dealers	dealer	NOUN
cblr-2872	667	13	but	but	CCONJ
cblr-2872	667	14	not	not	PART
cblr-2872	667	15	for	for	ADP
cblr-2872	667	16	end	end	NOUN
cblr-2872	667	17	users	user	NOUN
cblr-2872	667	18	of	of	ADP
cblr-2872	667	19	derivatives	derivative	NOUN
cblr-2872	667	20	;	;	PUNCT
cblr-2872	667	21	another	another	DET
cblr-2872	667	22	regulation	regulation	NOUN
cblr-2872	667	23	may	may	AUX
cblr-2872	667	24	significantly	significantly	ADV
cblr-2872	667	25	increase	increase	VERB
cblr-2872	667	26	the	the	DET
cblr-2872	667	27	cost	cost	NOUN
cblr-2872	667	28	of	of	ADP
cblr-2872	667	29	swaps	swap	NOUN
cblr-2872	667	30	to	to	ADP
cblr-2872	667	31	those	those	DET
cblr-2872	667	32	market	market	NOUN
cblr-2872	667	33	participants	participant	NOUN
cblr-2872	667	34	who	who	PRON
cblr-2872	667	35	use	use	VERB
cblr-2872	667	36	credit	credit	NOUN
cblr-2872	667	37	derivatives	derivative	NOUN
cblr-2872	667	38	but	but	CCONJ
cblr-2872	667	39	not	not	PART
cblr-2872	667	40	to	to	ADP
cblr-2872	667	41	those	those	PRON
cblr-2872	667	42	who	who	PRON
cblr-2872	667	43	use	use	VERB
cblr-2872	667	44	interest	interest	NOUN
cblr-2872	667	45	rate	rate	NOUN
cblr-2872	667	46	derivatives	derivative	NOUN
cblr-2872	667	47	.	.	PUNCT
cblr-2872	668	1	this	this	PRON
cblr-2872	668	2	is	be	AUX
cblr-2872	668	3	important	important	ADJ
cblr-2872	668	4	to	to	ADP
cblr-2872	668	5	the	the	DET
cblr-2872	668	6	normative	normative	ADJ
cblr-2872	668	7	implications	implication	NOUN
cblr-2872	668	8	for	for	ADP
cblr-2872	668	9	futurization	futurization	NOUN
cblr-2872	668	10	,	,	PUNCT
cblr-2872	668	11	as	as	SCONJ
cblr-2872	668	12	it	it	PRON
cblr-2872	668	13	implies	imply	VERB
cblr-2872	668	14	that	that	SCONJ
cblr-2872	668	15	the	the	DET
cblr-2872	668	16	cftc	cftc	PROPN
cblr-2872	668	17	(	(	PUNCT
cblr-2872	668	18	and	and	CCONJ
cblr-2872	668	19	other	other	ADJ
cblr-2872	668	20	regulators	regulator	NOUN
cblr-2872	668	21	in	in	ADP
cblr-2872	668	22	similar	similar	ADJ
cblr-2872	668	23	circumstances	circumstance	NOUN
cblr-2872	668	24	)	)	PUNCT
cblr-2872	668	25	can	can	AUX
cblr-2872	668	26	employ	employ	VERB
cblr-2872	668	27	different	different	ADJ
cblr-2872	668	28	choices	choice	NOUN
cblr-2872	668	29	and	and	CCONJ
cblr-2872	668	30	closely	closely	ADV
cblr-2872	668	31	tailored	tailor	VERB
cblr-2872	668	32	regulations	regulation	NOUN
cblr-2872	668	33	to	to	PART
cblr-2872	668	34	further	further	VERB
cblr-2872	668	35	their	their	PRON
cblr-2872	668	36	regulatory	regulatory	ADJ
cblr-2872	668	37	goals	goal	NOUN
cblr-2872	668	38	.	.	PUNCT
cblr-2872	669	1	because	because	SCONJ
cblr-2872	669	2	of	of	ADP
cblr-2872	669	3	the	the	DET
cblr-2872	669	4	very	very	ADV
cblr-2872	669	5	different	different	ADJ
cblr-2872	669	6	origins	origin	NOUN
cblr-2872	669	7	and	and	CCONJ
cblr-2872	669	8	regulatory	regulatory	ADJ
cblr-2872	669	9	histories	history	NOUN
cblr-2872	669	10	of	of	ADP
cblr-2872	669	11	the	the	DET
cblr-2872	669	12	futures	future	NOUN
cblr-2872	669	13	and	and	CCONJ
cblr-2872	669	14	swap	swap	VERB
cblr-2872	669	15	regulatory	regulatory	ADJ
cblr-2872	669	16	regimes	regime	NOUN
cblr-2872	669	17	,	,	PUNCT
cblr-2872	669	18	swaps	swap	NOUN
cblr-2872	669	19	are	be	AUX
cblr-2872	669	20	subject	subject	ADJ
cblr-2872	669	21	to	to	ADP
cblr-2872	669	22	requirements	requirement	NOUN
cblr-2872	669	23	that	that	PRON
cblr-2872	669	24	can	can	AUX
cblr-2872	669	25	sometimes	sometimes	ADV
cblr-2872	669	26	differ	differ	VERB
cblr-2872	669	27	significantly	significantly	ADV
cblr-2872	669	28	from	from	ADP
cblr-2872	669	29	futures	future	NOUN
cblr-2872	669	30	requirements	requirement	NOUN
cblr-2872	669	31	.	.	PUNCT
cblr-2872	670	1	some	some	PRON
cblr-2872	670	2	of	of	ADP
cblr-2872	670	3	these	these	DET
cblr-2872	670	4	differences	difference	NOUN
cblr-2872	670	5	are	be	AUX
cblr-2872	670	6	due	due	ADJ
cblr-2872	670	7	to	to	ADP
cblr-2872	670	8	differences	difference	NOUN
cblr-2872	670	9	in	in	ADP
cblr-2872	670	10	the	the	DET
cblr-2872	670	11	statutory	statutory	ADJ
cblr-2872	670	12	language	language	NOUN
cblr-2872	670	13	of	of	ADP
cblr-2872	670	14	the	the	DET
cblr-2872	670	15	commodity	commodity	NOUN
cblr-2872	670	16	exchange	exchange	PROPN
cblr-2872	670	17	act	act	NOUN
cblr-2872	670	18	that	that	PRON
cblr-2872	670	19	apply	apply	VERB
cblr-2872	670	20	to	to	ADP
cblr-2872	670	21	swaps	swap	NOUN
cblr-2872	670	22	and	and	CCONJ
cblr-2872	670	23	712	712	NUM
cblr-2872	670	24	col	col	PROPN
cblr-2872	670	25	umia	umia	PROPN
cblr-2872	670	26	b	b	PROPN
cblr-2872	670	27	usiness	usiness	PROPN
cblr-2872	670	28	la	la	PROPN
cblr-2872	670	29	w	w	PROPN
cblr-2872	670	30	re	re	PROPN
cblr-2872	670	31	vie	vie	PROPN
cblr-2872	670	32	w	w	PROPN
cblr-2872	671	1	[	[	X
cblr-2872	671	2	vol	vol	NOUN
cblr-2872	671	3	.	.	PUNCT
cblr-2872	671	4	2013	2013	NUM
cblr-2872	671	5	regulation	regulation	NOUN
cblr-2872	671	6	through	through	ADP
cblr-2872	671	7	substitution	substitution	NOUN
cblr-2872	671	8	futures	future	NOUN
cblr-2872	671	9	.	.	PUNCT
cblr-2872	672	1	others	other	NOUN
cblr-2872	672	2	are	be	AUX
cblr-2872	672	3	due	due	ADJ
cblr-2872	672	4	to	to	ADP
cblr-2872	672	5	decisions	decision	NOUN
cblr-2872	672	6	made	make	VERB
cblr-2872	672	7	by	by	ADP
cblr-2872	672	8	the	the	DET
cblr-2872	672	9	cftc	cftc	PROPN
cblr-2872	672	10	in	in	ADP
cblr-2872	672	11	adopting	adopt	VERB
cblr-2872	672	12	regulations	regulation	NOUN
cblr-2872	672	13	governing	govern	VERB
cblr-2872	672	14	the	the	DET
cblr-2872	672	15	markets	market	NOUN
cblr-2872	672	16	.	.	PUNCT
cblr-2872	673	1	this	this	DET
cblr-2872	673	2	part	part	NOUN
cblr-2872	673	3	takes	take	VERB
cblr-2872	673	4	a	a	DET
cblr-2872	673	5	closer	close	ADJ
cblr-2872	673	6	look	look	NOUN
cblr-2872	673	7	at	at	ADP
cblr-2872	673	8	three	three	NUM
cblr-2872	673	9	such	such	ADJ
cblr-2872	673	10	regulatory	regulatory	ADJ
cblr-2872	673	11	differences	difference	NOUN
cblr-2872	673	12	and	and	CCONJ
cblr-2872	673	13	examines	examine	VERB
cblr-2872	673	14	them	they	PRON
cblr-2872	673	15	in	in	ADP
cblr-2872	673	16	light	light	NOUN
cblr-2872	673	17	of	of	ADP
cblr-2872	673	18	the	the	DET
cblr-2872	673	19	model	model	NOUN
cblr-2872	673	20	set	set	VERB
cblr-2872	673	21	out	out	ADP
cblr-2872	673	22	in	in	ADP
cblr-2872	673	23	parts	part	NOUN
cblr-2872	673	24	iii	iii	PROPN
cblr-2872	673	25	and	and	CCONJ
cblr-2872	673	26	iv	iv	X
cblr-2872	673	27	.	.	PUNCT
cblr-2872	674	1	in	in	ADP
cblr-2872	674	2	particular	particular	ADJ
cblr-2872	674	3	,	,	PUNCT
cblr-2872	674	4	in	in	ADP
cblr-2872	674	5	this	this	DET
cblr-2872	674	6	part	part	NOUN
cblr-2872	674	7	,	,	PUNCT
cblr-2872	674	8	we	we	PRON
cblr-2872	674	9	discuss	discuss	VERB
cblr-2872	674	10	three	three	NUM
cblr-2872	674	11	significant	significant	ADJ
cblr-2872	674	12	regulatory	regulatory	ADJ
cblr-2872	674	13	requirements	requirement	NOUN
cblr-2872	674	14	-	-	PUNCT
cblr-2872	674	15	margin	margin	NOUN
cblr-2872	674	16	,	,	PUNCT
cblr-2872	674	17	collateral	collateral	ADJ
cblr-2872	674	18	protection	protection	NOUN
cblr-2872	674	19	,	,	PUNCT
cblr-2872	674	20	and	and	CCONJ
cblr-2872	674	21	trade	trade	NOUN
cblr-2872	674	22	reporting	reporting	NOUN
cblr-2872	674	23	-	-	PUNCT
cblr-2872	674	24	and	and	CCONJ
cblr-2872	674	25	describe	describe	VERB
cblr-2872	674	26	their	their	PRON
cblr-2872	674	27	application	application	NOUN
cblr-2872	674	28	to	to	ADP
cblr-2872	674	29	futures	future	NOUN
cblr-2872	674	30	,	,	PUNCT
cblr-2872	674	31	cleared	clear	VERB
cblr-2872	674	32	swaps	swap	NOUN
cblr-2872	674	33	,	,	PUNCT
cblr-2872	674	34	and	and	CCONJ
cblr-2872	674	35	uncleared	uncleared	ADJ
cblr-2872	674	36	swaps	swap	NOUN
cblr-2872	674	37	.	.	PUNCT
cblr-2872	675	1	we	we	PRON
cblr-2872	675	2	focus	focus	VERB
cblr-2872	675	3	on	on	ADP
cblr-2872	675	4	these	these	DET
cblr-2872	675	5	three	three	NUM
cblr-2872	675	6	requirements	requirement	NOUN
cblr-2872	675	7	since	since	SCONJ
cblr-2872	675	8	they	they	PRON
cblr-2872	675	9	are	be	AUX
cblr-2872	675	10	among	among	ADP
cblr-2872	675	11	those	those	PRON
cblr-2872	675	12	with	with	ADP
cblr-2872	675	13	the	the	DET
cblr-2872	675	14	most	most	ADV
cblr-2872	675	15	direct	direct	ADJ
cblr-2872	675	16	impact	impact	NOUN
cblr-2872	675	17	on	on	ADP
cblr-2872	675	18	the	the	DET
cblr-2872	675	19	cost	cost	NOUN
cblr-2872	675	20	of	of	ADP
cblr-2872	675	21	a	a	DET
cblr-2872	675	22	transaction	transaction	NOUN
cblr-2872	675	23	.	.	PUNCT
cblr-2872	676	1	they	they	PRON
cblr-2872	676	2	are	be	AUX
cblr-2872	676	3	therefore	therefore	ADV
cblr-2872	676	4	among	among	ADP
cblr-2872	676	5	the	the	DET
cblr-2872	676	6	most	most	ADV
cblr-2872	676	7	relevant	relevant	ADJ
cblr-2872	676	8	inputs	input	NOUN
cblr-2872	676	9	to	to	ADP
cblr-2872	676	10	our	our	PRON
cblr-2872	676	11	model	model	NOUN
cblr-2872	676	12	and	and	CCONJ
cblr-2872	676	13	determinants	determinant	NOUN
cblr-2872	676	14	of	of	ADP
cblr-2872	676	15	whether	whether	SCONJ
cblr-2872	676	16	a	a	DET
cblr-2872	676	17	particular	particular	ADJ
cblr-2872	676	18	transaction	transaction	NOUN
cblr-2872	676	19	will	will	AUX
cblr-2872	676	20	be	be	AUX
cblr-2872	676	21	structured	structure	VERB
cblr-2872	676	22	as	as	ADP
cblr-2872	676	23	a	a	DET
cblr-2872	676	24	future	future	ADJ
cblr-2872	676	25	contract	contract	NOUN
cblr-2872	676	26	or	or	CCONJ
cblr-2872	676	27	a	a	DET
cblr-2872	676	28	swap	swap	NOUN
cblr-2872	676	29	.	.	PUNCT
cblr-2872	677	1	after	after	ADP
cblr-2872	677	2	introducing	introduce	VERB
cblr-2872	677	3	each	each	DET
cblr-2872	677	4	regulatory	regulatory	ADJ
cblr-2872	677	5	issue	issue	NOUN
cblr-2872	677	6	,	,	PUNCT
cblr-2872	677	7	we	we	PRON
cblr-2872	677	8	apply	apply	VERB
cblr-2872	677	9	the	the	DET
cblr-2872	677	10	model	model	NOUN
cblr-2872	677	11	and	and	CCONJ
cblr-2872	677	12	describe	describe	VERB
cblr-2872	677	13	which	which	DET
cblr-2872	677	14	swaps	swap	NOUN
cblr-2872	677	15	,	,	PUNCT
cblr-2872	677	16	if	if	SCONJ
cblr-2872	677	17	any	any	PRON
cblr-2872	677	18	,	,	PUNCT
cblr-2872	677	19	are	be	AUX
cblr-2872	677	20	likely	likely	ADJ
cblr-2872	677	21	to	to	PART
cblr-2872	677	22	be	be	AUX
cblr-2872	677	23	"	"	PUNCT
cblr-2872	677	24	futurized	futurize	VERB
cblr-2872	677	25	"	"	PUNCT
cblr-2872	677	26	under	under	ADP
cblr-2872	677	27	proposed	propose	VERB
cblr-2872	677	28	or	or	CCONJ
cblr-2872	677	29	recently	recently	ADV
cblr-2872	677	30	implemented	implement	VERB
cblr-2872	677	31	changes	change	NOUN
cblr-2872	677	32	for	for	ADP
cblr-2872	677	33	swaps	swap	NOUN
cblr-2872	677	34	resulting	result	VERB
cblr-2872	677	35	from	from	ADP
cblr-2872	677	36	the	the	DET
cblr-2872	677	37	dodd	dodd	PROPN
cblr-2872	677	38	-	-	PUNCT
cblr-2872	677	39	frank	frank	PROPN
cblr-2872	677	40	act	act	PROPN
cblr-2872	677	41	.	.	PUNCT
cblr-2872	678	1	a.	a.	NOUN
cblr-2872	678	2	margin	margin	NOUN
cblr-2872	678	3	requirements	requirement	NOUN
cblr-2872	678	4	for	for	ADP
cblr-2872	678	5	swaps	swap	NOUN
cblr-2872	678	6	and	and	CCONJ
cblr-2872	678	7	futures	future	NOUN
cblr-2872	678	8	margin	margin	NOUN
cblr-2872	678	9	refers	refer	VERB
cblr-2872	678	10	to	to	ADP
cblr-2872	678	11	payments	payment	NOUN
cblr-2872	678	12	made	make	VERB
cblr-2872	678	13	by	by	ADP
cblr-2872	678	14	one	one	NUM
cblr-2872	678	15	counterparty	counterparty	NOUN
cblr-2872	678	16	to	to	ADP
cblr-2872	678	17	the	the	DET
cblr-2872	678	18	other	other	ADJ
cblr-2872	678	19	to	to	PART
cblr-2872	678	20	serve	serve	VERB
cblr-2872	678	21	as	as	ADP
cblr-2872	678	22	collateral	collateral	NOUN
cblr-2872	678	23	for	for	ADP
cblr-2872	678	24	the	the	DET
cblr-2872	678	25	first	first	ADJ
cblr-2872	678	26	counterparty	counterparty	NOUN
cblr-2872	678	27	's	's	PART
cblr-2872	678	28	obligations	obligation	NOUN
cblr-2872	678	29	under	under	ADP
cblr-2872	678	30	a	a	DET
cblr-2872	678	31	financial	financial	ADJ
cblr-2872	678	32	transaction	transaction	NOUN
cblr-2872	678	33	.	.	PUNCT
cblr-2872	679	1	in	in	ADP
cblr-2872	679	2	this	this	DET
cblr-2872	679	3	way	way	NOUN
cblr-2872	679	4	,	,	PUNCT
cblr-2872	679	5	margin	margin	NOUN
cblr-2872	679	6	protects	protect	VERB
cblr-2872	679	7	a	a	DET
cblr-2872	679	8	counterparty	counterparty	NOUN
cblr-2872	679	9	to	to	ADP
cblr-2872	679	10	the	the	DET
cblr-2872	679	11	transaction	transaction	NOUN
cblr-2872	679	12	against	against	ADP
cblr-2872	679	13	counterparty	counterparty	NOUN
cblr-2872	679	14	credit	credit	NOUN
cblr-2872	679	15	risk	risk	NOUN
cblr-2872	679	16	-	-	PUNCT
cblr-2872	679	17	the	the	DET
cblr-2872	679	18	risk	risk	NOUN
cblr-2872	679	19	that	that	SCONJ
cblr-2872	679	20	the	the	DET
cblr-2872	679	21	transaction	transaction	NOUN
cblr-2872	679	22	will	will	AUX
cblr-2872	679	23	move	move	VERB
cblr-2872	679	24	in	in	ADP
cblr-2872	679	25	its	its	PRON
cblr-2872	679	26	favor	favor	NOUN
cblr-2872	679	27	but	but	CCONJ
cblr-2872	679	28	the	the	DET
cblr-2872	679	29	counterparty	counterparty	NOUN
cblr-2872	679	30	will	will	AUX
cblr-2872	679	31	not	not	PART
cblr-2872	679	32	be	be	AUX
cblr-2872	679	33	able	able	ADJ
cblr-2872	679	34	to	to	PART
cblr-2872	679	35	pay	pay	VERB
cblr-2872	679	36	as	as	SCONJ
cblr-2872	679	37	promised	promise	VERB
cblr-2872	679	38	.	.	PUNCT
cblr-2872	680	1	for	for	ADP
cblr-2872	680	2	futures	future	NOUN
cblr-2872	680	3	and	and	CCONJ
cblr-2872	680	4	swaps	swap	NOUN
cblr-2872	680	5	,	,	PUNCT
cblr-2872	680	6	margin	margin	NOUN
cblr-2872	680	7	generally	generally	ADV
cblr-2872	680	8	takes	take	VERB
cblr-2872	680	9	two	two	NUM
cblr-2872	680	10	forms	form	NOUN
cblr-2872	680	11	:	:	PUNCT
cblr-2872	680	12	variation	variation	NOUN
cblr-2872	680	13	margin	margin	NOUN
cblr-2872	680	14	and	and	CCONJ
cblr-2872	680	15	initial	initial	ADJ
cblr-2872	680	16	margin	margin	NOUN
cblr-2872	680	17	.	.	PUNCT
cblr-2872	681	1	variation	variation	NOUN
cblr-2872	681	2	margin	margin	NOUN
cblr-2872	681	3	,	,	PUNCT
cblr-2872	681	4	sometimes	sometimes	ADV
cblr-2872	681	5	known	know	VERB
cblr-2872	681	6	as	as	ADP
cblr-2872	681	7	mark	mark	NOUN
cblr-2872	681	8	-	-	PUNCT
cblr-2872	681	9	to	to	ADP
cblr-2872	681	10	-	-	PUNCT
cblr-2872	681	11	market	market	NOUN
cblr-2872	681	12	margin	margin	NOUN
cblr-2872	681	13	,	,	PUNCT
cblr-2872	681	14	is	be	AUX
cblr-2872	681	15	collateral	collateral	NOUN
cblr-2872	681	16	exchanged	exchange	VERB
cblr-2872	681	17	to	to	PART
cblr-2872	681	18	reflect	reflect	VERB
cblr-2872	681	19	the	the	DET
cblr-2872	681	20	actual	actual	ADJ
cblr-2872	681	21	price	price	NOUN
cblr-2872	681	22	movements	movement	NOUN
cblr-2872	681	23	of	of	ADP
cblr-2872	681	24	a	a	DET
cblr-2872	681	25	transaction	transaction	NOUN
cblr-2872	681	26	.	.	PUNCT
cblr-2872	681	27	"	"	PUNCT
cblr-2872	682	1	variation	variation	NOUN
cblr-2872	682	2	margin	margin	NOUN
cblr-2872	682	3	is	be	AUX
cblr-2872	682	4	often	often	ADV
cblr-2872	682	5	calculated	calculate	VERB
cblr-2872	682	6	daily	daily	ADV
cblr-2872	682	7	as	as	SCONJ
cblr-2872	682	8	the	the	DET
cblr-2872	682	9	difference	difference	NOUN
cblr-2872	682	10	in	in	ADP
cblr-2872	682	11	the	the	DET
cblr-2872	682	12	value	value	NOUN
cblr-2872	682	13	of	of	ADP
cblr-2872	682	14	the	the	DET
cblr-2872	682	15	transaction	transaction	NOUN
cblr-2872	682	16	from	from	ADP
cblr-2872	682	17	the	the	DET
cblr-2872	682	18	79	79	NUM
cblr-2872	682	19	cftc	cftc	PROPN
cblr-2872	682	20	regulation	regulation	NOUN
cblr-2872	682	21	1.3(fff	1.3(fff	NUM
cblr-2872	682	22	)	)	PUNCT
cblr-2872	682	23	defines	define	VERB
cblr-2872	682	24	"	"	PUNCT
cblr-2872	682	25	variation	variation	NOUN
cblr-2872	682	26	margin	margin	NOUN
cblr-2872	682	27	"	"	PUNCT
cblr-2872	682	28	as	as	ADP
cblr-2872	682	29	"	"	PUNCT
cblr-2872	682	30	a	a	DET
cblr-2872	682	31	payment	payment	NOUN
cblr-2872	682	32	made	make	VERB
cblr-2872	682	33	by	by	ADP
cblr-2872	682	34	a	a	DET
cblr-2872	682	35	party	party	NOUN
cblr-2872	682	36	to	to	ADP
cblr-2872	682	37	a	a	DET
cblr-2872	682	38	futures	future	NOUN
cblr-2872	682	39	,	,	PUNCT
cblr-2872	682	40	option	option	NOUN
cblr-2872	682	41	,	,	PUNCT
cblr-2872	682	42	or	or	CCONJ
cblr-2872	682	43	swap	swap	VERB
cblr-2872	682	44	to	to	PART
cblr-2872	682	45	cover	cover	VERB
cblr-2872	682	46	the	the	DET
cblr-2872	682	47	current	current	ADJ
cblr-2872	682	48	exposure	exposure	NOUN
cblr-2872	682	49	arising	arise	VERB
cblr-2872	682	50	from	from	ADP
cblr-2872	682	51	changes	change	NOUN
cblr-2872	682	52	in	in	ADP
cblr-2872	682	53	the	the	DET
cblr-2872	682	54	market	market	NOUN
cblr-2872	682	55	value	value	NOUN
cblr-2872	682	56	of	of	ADP
cblr-2872	682	57	the	the	DET
cblr-2872	682	58	position	position	NOUN
cblr-2872	682	59	since	since	SCONJ
cblr-2872	682	60	the	the	DET
cblr-2872	682	61	trade	trade	NOUN
cblr-2872	682	62	was	be	AUX
cblr-2872	682	63	executed	execute	VERB
cblr-2872	682	64	or	or	CCONJ
cblr-2872	682	65	the	the	DET
cblr-2872	682	66	previous	previous	ADJ
cblr-2872	682	67	time	time	NOUN
cblr-2872	682	68	the	the	DET
cblr-2872	682	69	position	position	NOUN
cblr-2872	682	70	was	be	AUX
cblr-2872	682	71	marked	mark	VERB
cblr-2872	682	72	to	to	ADP
cblr-2872	682	73	market	market	NOUN
cblr-2872	682	74	.	.	PUNCT
cblr-2872	682	75	"	"	PUNCT
cblr-2872	683	1	17	17	NUM
cblr-2872	683	2	c.f.r	c.f.r	NOUN
cblr-2872	683	3	.	.	PUNCT
cblr-2872	684	1	§	§	PROPN
cblr-2872	684	2	1.3(fff	1.3(fff	NUM
cblr-2872	684	3	)	)	PUNCT
cblr-2872	684	4	(	(	PUNCT
cblr-2872	684	5	2013	2013	NUM
cblr-2872	684	6	)	)	PUNCT
cblr-2872	684	7	.	.	PUNCT
cblr-2872	685	1	no	no	INTJ
cblr-2872	685	2	.	.	PUNCT
cblr-2872	686	1	3:667	3:667	NUM
cblr-2872	686	2	]	]	X
cblr-2872	686	3	713	713	NUM
cblr-2872	686	4	previous	previous	ADJ
cblr-2872	686	5	day	day	NOUN
cblr-2872	686	6	's	's	PART
cblr-2872	686	7	value	value	NOUN
cblr-2872	686	8	.	.	PUNCT
cblr-2872	687	1	as	as	ADP
cblr-2872	687	2	such	such	ADJ
cblr-2872	687	3	,	,	PUNCT
cblr-2872	687	4	variation	variation	NOUN
cblr-2872	687	5	margin	margin	NOUN
cblr-2872	687	6	can	can	AUX
cblr-2872	687	7	be	be	AUX
cblr-2872	687	8	thought	think	VERB
cblr-2872	687	9	of	of	ADP
cblr-2872	687	10	as	as	ADP
cblr-2872	687	11	protecting	protect	VERB
cblr-2872	687	12	against	against	ADP
cblr-2872	687	13	the	the	DET
cblr-2872	687	14	current	current	ADJ
cblr-2872	687	15	exposure	exposure	NOUN
cblr-2872	687	16	posed	pose	VERB
cblr-2872	687	17	by	by	ADP
cblr-2872	687	18	one	one	NUM
cblr-2872	687	19	counterparty	counterparty	NOUN
cblr-2872	687	20	to	to	ADP
cblr-2872	687	21	another	another	PRON
cblr-2872	687	22	by	by	ADP
cblr-2872	687	23	virtue	virtue	NOUN
cblr-2872	687	24	of	of	ADP
cblr-2872	687	25	accrued	accrue	VERB
cblr-2872	687	26	,	,	PUNCT
cblr-2872	687	27	but	but	CCONJ
cblr-2872	687	28	unrealized	unrealize	VERB
cblr-2872	687	29	,	,	PUNCT
cblr-2872	687	30	gains	gain	NOUN
cblr-2872	687	31	or	or	CCONJ
cblr-2872	687	32	losses	loss	NOUN
cblr-2872	687	33	.	.	PUNCT
cblr-2872	687	34	0	0	PUNCT
cblr-2872	688	1	on	on	ADP
cblr-2872	688	2	the	the	DET
cblr-2872	688	3	other	other	ADJ
cblr-2872	688	4	hand	hand	NOUN
cblr-2872	688	5	,	,	PUNCT
cblr-2872	688	6	initial	initial	ADJ
cblr-2872	688	7	margin	margin	NOUN
cblr-2872	688	8	,	,	PUNCT
cblr-2872	688	9	also	also	ADV
cblr-2872	688	10	known	know	VERB
cblr-2872	688	11	as	as	ADP
cblr-2872	688	12	a	a	DET
cblr-2872	688	13	performance	performance	NOUN
cblr-2872	688	14	bond,81	bond,81	NOUN
cblr-2872	688	15	is	be	AUX
cblr-2872	688	16	meant	mean	VERB
cblr-2872	688	17	to	to	PART
cblr-2872	688	18	protect	protect	VERB
cblr-2872	688	19	against	against	ADP
cblr-2872	688	20	potential	potential	ADJ
cblr-2872	688	21	future	future	ADJ
cblr-2872	688	22	exposure	exposure	NOUN
cblr-2872	688	23	that	that	PRON
cblr-2872	688	24	has	have	AUX
cblr-2872	688	25	not	not	PART
cblr-2872	688	26	yet	yet	ADV
cblr-2872	688	27	materialized	materialize	VERB
cblr-2872	688	28	but	but	CCONJ
cblr-2872	688	29	may	may	AUX
cblr-2872	688	30	before	before	ADP
cblr-2872	688	31	the	the	DET
cblr-2872	688	32	next	next	ADJ
cblr-2872	688	33	variation	variation	NOUN
cblr-2872	688	34	margin	margin	NOUN
cblr-2872	688	35	payment	payment	NOUN
cblr-2872	688	36	is	be	AUX
cblr-2872	688	37	made.82	made.82	ADJ
cblr-2872	688	38	initial	initial	ADJ
cblr-2872	688	39	margin	margin	NOUN
cblr-2872	688	40	is	be	AUX
cblr-2872	688	41	usually	usually	ADV
cblr-2872	688	42	posted	post	VERB
cblr-2872	688	43	by	by	ADP
cblr-2872	688	44	one	one	NUM
cblr-2872	688	45	or	or	CCONJ
cblr-2872	688	46	both	both	PRON
cblr-2872	688	47	counterparties	counterpartie	NOUN
cblr-2872	688	48	to	to	ADP
cblr-2872	688	49	a	a	DET
cblr-2872	688	50	swap	swap	NOUN
cblr-2872	688	51	or	or	CCONJ
cblr-2872	688	52	80	80	NUM
cblr-2872	688	53	the	the	DET
cblr-2872	688	54	concept	concept	NOUN
cblr-2872	688	55	of	of	ADP
cblr-2872	688	56	protecting	protect	VERB
cblr-2872	688	57	against	against	ADP
cblr-2872	688	58	"	"	PUNCT
cblr-2872	688	59	current	current	ADJ
cblr-2872	688	60	exposure	exposure	NOUN
cblr-2872	688	61	"	"	PUNCT
cblr-2872	688	62	through	through	ADP
cblr-2872	688	63	daily	daily	ADJ
cblr-2872	688	64	mark	mark	NOUN
cblr-2872	688	65	-	-	PUNCT
cblr-2872	688	66	to	to	ADP
cblr-2872	688	67	-	-	PUNCT
cblr-2872	688	68	market	market	NOUN
cblr-2872	688	69	payments	payment	NOUN
cblr-2872	688	70	is	be	AUX
cblr-2872	688	71	often	often	ADV
cblr-2872	688	72	used	use	VERB
cblr-2872	688	73	in	in	ADP
cblr-2872	688	74	regulatory	regulatory	ADJ
cblr-2872	688	75	discussion	discussion	NOUN
cblr-2872	688	76	of	of	ADP
cblr-2872	688	77	margin	margin	NOUN
cblr-2872	688	78	.	.	PUNCT
cblr-2872	689	1	see	see	VERB
cblr-2872	689	2	,	,	PUNCT
cblr-2872	689	3	e.g.	e.g.	ADV
cblr-2872	689	4	,	,	PUNCT
cblr-2872	689	5	capital	capital	NOUN
cblr-2872	689	6	,	,	PUNCT
cblr-2872	689	7	margin	margin	NOUN
cblr-2872	689	8	,	,	PUNCT
cblr-2872	689	9	and	and	CCONJ
cblr-2872	689	10	segregation	segregation	NOUN
cblr-2872	689	11	requirements	requirement	NOUN
cblr-2872	689	12	for	for	ADP
cblr-2872	689	13	security	security	NOUN
cblr-2872	689	14	-	-	PUNCT
cblr-2872	689	15	based	base	VERB
cblr-2872	689	16	swap	swap	NOUN
cblr-2872	689	17	dealers	dealer	NOUN
cblr-2872	689	18	and	and	CCONJ
cblr-2872	689	19	major	major	ADJ
cblr-2872	689	20	security	security	NOUN
cblr-2872	689	21	-	-	PUNCT
cblr-2872	689	22	based	base	VERB
cblr-2872	689	23	swap	swap	NOUN
cblr-2872	689	24	participants	participant	NOUN
cblr-2872	689	25	and	and	CCONJ
cblr-2872	689	26	capital	capital	NOUN
cblr-2872	689	27	requirements	requirement	NOUN
cblr-2872	689	28	for	for	ADP
cblr-2872	689	29	broker	broker	NOUN
cblr-2872	689	30	-	-	PUNCT
cblr-2872	689	31	dealers	dealer	NOUN
cblr-2872	689	32	,	,	PUNCT
cblr-2872	689	33	77	77	NUM
cblr-2872	689	34	fed	fed	PROPN
cblr-2872	689	35	.	.	PUNCT
cblr-2872	690	1	reg	reg	PROPN
cblr-2872	690	2	.	.	PROPN
cblr-2872	691	1	70,214	70,214	NUM
cblr-2872	691	2	,	,	PUNCT
cblr-2872	691	3	70,241	70,241	NUM
cblr-2872	691	4	n.257	n.257	NOUN
cblr-2872	691	5	(	(	PUNCT
cblr-2872	691	6	nov	nov	PROPN
cblr-2872	691	7	.	.	PROPN
cblr-2872	691	8	23	23	NUM
cblr-2872	691	9	,	,	PUNCT
cblr-2872	691	10	2012	2012	NUM
cblr-2872	691	11	)	)	PUNCT
cblr-2872	691	12	(	(	PUNCT
cblr-2872	691	13	to	to	PART
cblr-2872	691	14	be	be	AUX
cblr-2872	691	15	codified	codify	VERB
cblr-2872	691	16	at	at	ADP
cblr-2872	691	17	17	17	NUM
cblr-2872	691	18	c.f.r	c.f.r	NOUN
cblr-2872	691	19	.	.	PUNCT
cblr-2872	692	1	pt	pt	PROPN
cblr-2872	692	2	.	.	PROPN
cblr-2872	692	3	240	240	NUM
cblr-2872	692	4	)	)	PUNCT
cblr-2872	692	5	(	(	PUNCT
cblr-2872	692	6	"	"	PUNCT
cblr-2872	692	7	the	the	DET
cblr-2872	692	8	current	current	ADJ
cblr-2872	692	9	exposure	exposure	NOUN
cblr-2872	692	10	is	be	AUX
cblr-2872	692	11	the	the	DET
cblr-2872	692	12	amount	amount	NOUN
cblr-2872	692	13	that	that	PRON
cblr-2872	692	14	the	the	DET
cblr-2872	692	15	counterparty	counterparty	NOUN
cblr-2872	692	16	would	would	AUX
cblr-2872	692	17	be	be	AUX
cblr-2872	692	18	obligated	obligate	VERB
cblr-2872	692	19	to	to	PART
cblr-2872	692	20	pay	pay	VERB
cblr-2872	692	21	the	the	DET
cblr-2872	692	22	nonbank	nonbank	NOUN
cblr-2872	692	23	[	[	X
cblr-2872	692	24	security	security	NOUN
cblr-2872	692	25	-	-	PUNCT
cblr-2872	692	26	based	base	VERB
cblr-2872	692	27	swap	swap	NOUN
cblr-2872	692	28	dealer	dealer	NOUN
cblr-2872	692	29	]	]	PUNCT
cblr-2872	692	30	if	if	SCONJ
cblr-2872	692	31	all	all	DET
cblr-2872	692	32	the	the	DET
cblr-2872	692	33	otc	otc	PROPN
cblr-2872	692	34	derivatives	derivative	NOUN
cblr-2872	692	35	contracts	contract	NOUN
cblr-2872	692	36	with	with	ADP
cblr-2872	692	37	the	the	DET
cblr-2872	692	38	counterparty	counterparty	NOUN
cblr-2872	692	39	were	be	AUX
cblr-2872	692	40	terminated	terminate	VERB
cblr-2872	692	41	(	(	PUNCT
cblr-2872	692	42	i.e.	i.e.	X
cblr-2872	692	43	,	,	PUNCT
cblr-2872	692	44	the	the	DET
cblr-2872	692	45	net	net	ADJ
cblr-2872	692	46	positive	positive	ADJ
cblr-2872	692	47	value	value	NOUN
cblr-2872	692	48	of	of	ADP
cblr-2872	692	49	the	the	DET
cblr-2872	692	50	otc	otc	PROPN
cblr-2872	692	51	contracts	contract	NOUN
cblr-2872	692	52	to	to	ADP
cblr-2872	692	53	the	the	DET
cblr-2872	692	54	nonbank	nonbank	NOUN
cblr-2872	693	1	[	[	X
cblr-2872	693	2	security	security	NOUN
cblr-2872	693	3	-	-	PUNCT
cblr-2872	693	4	based	base	VERB
cblr-2872	693	5	swap	swap	NOUN
cblr-2872	693	6	dealer	dealer	NOUN
cblr-2872	693	7	]	]	PUNCT
cblr-2872	693	8	and	and	CCONJ
cblr-2872	693	9	the	the	DET
cblr-2872	693	10	net	net	ADJ
cblr-2872	693	11	negative	negative	ADJ
cblr-2872	693	12	value	value	NOUN
cblr-2872	693	13	of	of	ADP
cblr-2872	693	14	the	the	DET
cblr-2872	693	15	otc	otc	PROPN
cblr-2872	693	16	contracts	contract	NOUN
cblr-2872	693	17	to	to	ADP
cblr-2872	693	18	the	the	DET
cblr-2872	693	19	counterparty	counterparty	NOUN
cblr-2872	693	20	)	)	PUNCT
cblr-2872	693	21	.	.	PUNCT
cblr-2872	694	1	the	the	DET
cblr-2872	694	2	amount	amount	NOUN
cblr-2872	694	3	payable	payable	ADJ
cblr-2872	694	4	on	on	ADP
cblr-2872	694	5	the	the	DET
cblr-2872	694	6	otc	otc	PROPN
cblr-2872	694	7	derivatives	derivative	NOUN
cblr-2872	694	8	contracts	contract	NOUN
cblr-2872	694	9	(	(	PUNCT
cblr-2872	694	10	the	the	DET
cblr-2872	694	11	positive	positive	ADJ
cblr-2872	694	12	value	value	NOUN
cblr-2872	694	13	)	)	PUNCT
cblr-2872	694	14	is	be	AUX
cblr-2872	694	15	determined	determine	VERB
cblr-2872	694	16	by	by	ADP
cblr-2872	694	17	marking	mark	VERB
cblr-2872	694	18	-	-	PUNCT
cblr-2872	694	19	to	to	ADP
cblr-2872	694	20	-	-	PUNCT
cblr-2872	694	21	market	market	NOUN
cblr-2872	694	22	the	the	DET
cblr-2872	694	23	otc	otc	PROPN
cblr-2872	694	24	derivatives	derivative	NOUN
cblr-2872	694	25	contracts	contract	NOUN
cblr-2872	694	26	and	and	CCONJ
cblr-2872	694	27	netting	net	VERB
cblr-2872	694	28	contracts	contract	NOUN
cblr-2872	694	29	with	with	ADP
cblr-2872	694	30	a	a	DET
cblr-2872	694	31	positive	positive	ADJ
cblr-2872	694	32	value	value	NOUN
cblr-2872	694	33	against	against	ADP
cblr-2872	694	34	contracts	contract	NOUN
cblr-2872	694	35	with	with	ADP
cblr-2872	694	36	a	a	DET
cblr-2872	694	37	negative	negative	ADJ
cblr-2872	694	38	value	value	NOUN
cblr-2872	694	39	.	.	PUNCT
cblr-2872	695	1	the	the	DET
cblr-2872	695	2	market	market	NOUN
cblr-2872	695	3	value	value	NOUN
cblr-2872	695	4	of	of	ADP
cblr-2872	695	5	an	an	DET
cblr-2872	695	6	otc	otc	PROPN
cblr-2872	695	7	derivatives	derivative	NOUN
cblr-2872	695	8	contract	contract	NOUN
cblr-2872	695	9	also	also	ADV
cblr-2872	695	10	is	be	AUX
cblr-2872	695	11	referred	refer	VERB
cblr-2872	695	12	to	to	ADP
cblr-2872	695	13	as	as	SCONJ
cblr-2872	695	14	the	the	DET
cblr-2872	695	15	replacement	replacement	NOUN
cblr-2872	695	16	value	value	NOUN
cblr-2872	695	17	of	of	ADP
cblr-2872	695	18	the	the	DET
cblr-2872	695	19	contract	contract	NOUN
cblr-2872	695	20	as	as	ADP
cblr-2872	695	21	that	that	PRON
cblr-2872	695	22	is	be	AUX
cblr-2872	695	23	the	the	DET
cblr-2872	695	24	amount	amount	NOUN
cblr-2872	696	1	the	the	DET
cblr-2872	696	2	nonbank	nonbank	NOUN
cblr-2872	697	1	[	[	X
cblr-2872	697	2	security	security	NOUN
cblr-2872	697	3	-	-	PUNCT
cblr-2872	697	4	based	base	VERB
cblr-2872	697	5	swap	swap	NOUN
cblr-2872	697	6	dealer	dealer	NOUN
cblr-2872	697	7	]	]	PUNCT
cblr-2872	697	8	would	would	AUX
cblr-2872	697	9	need	need	VERB
cblr-2872	697	10	to	to	PART
cblr-2872	697	11	pay	pay	VERB
cblr-2872	697	12	to	to	PART
cblr-2872	697	13	enter	enter	VERB
cblr-2872	697	14	into	into	ADP
cblr-2872	697	15	an	an	DET
cblr-2872	697	16	identical	identical	ADJ
cblr-2872	697	17	contract	contract	NOUN
cblr-2872	697	18	with	with	ADP
cblr-2872	697	19	a	a	DET
cblr-2872	697	20	different	different	ADJ
cblr-2872	697	21	counterparty	counterparty	NOUN
cblr-2872	697	22	.	.	PUNCT
cblr-2872	697	23	"	"	PUNCT
cblr-2872	697	24	)	)	PUNCT
cblr-2872	697	25	(	(	PUNCT
cblr-2872	697	26	emphasis	emphasis	NOUN
cblr-2872	697	27	added	add	VERB
cblr-2872	697	28	)	)	PUNCT
cblr-2872	697	29	.	.	PUNCT
cblr-2872	698	1	81	81	NUM
cblr-2872	698	2	cftc	cftc	PROPN
cblr-2872	698	3	regulation	regulation	PROPN
cblr-2872	698	4	1.3(ccc	1.3(ccc	NUM
cblr-2872	698	5	)	)	PUNCT
cblr-2872	698	6	defines	define	VERB
cblr-2872	698	7	"	"	PUNCT
cblr-2872	698	8	initial	initial	ADJ
cblr-2872	698	9	margin	margin	NOUN
cblr-2872	698	10	"	"	PUNCT
cblr-2872	698	11	as	as	ADP
cblr-2872	698	12	"	"	PUNCT
cblr-2872	698	13	money	money	NOUN
cblr-2872	698	14	,	,	PUNCT
cblr-2872	698	15	securities	security	NOUN
cblr-2872	698	16	,	,	PUNCT
cblr-2872	698	17	or	or	CCONJ
cblr-2872	698	18	property	property	NOUN
cblr-2872	698	19	posted	post	VERB
cblr-2872	698	20	by	by	ADP
cblr-2872	698	21	a	a	DET
cblr-2872	698	22	party	party	NOUN
cblr-2872	698	23	to	to	ADP
cblr-2872	698	24	a	a	DET
cblr-2872	698	25	futures	future	NOUN
cblr-2872	698	26	,	,	PUNCT
cblr-2872	698	27	option	option	NOUN
cblr-2872	698	28	,	,	PUNCT
cblr-2872	698	29	or	or	CCONJ
cblr-2872	698	30	swap	swap	VERB
cblr-2872	698	31	as	as	ADP
cblr-2872	698	32	performance	performance	NOUN
cblr-2872	698	33	bond	bond	NOUN
cblr-2872	698	34	to	to	PART
cblr-2872	698	35	cover	cover	VERB
cblr-2872	698	36	potential	potential	ADJ
cblr-2872	698	37	future	future	ADJ
cblr-2872	698	38	exposures	exposure	NOUN
cblr-2872	698	39	arising	arise	VERB
cblr-2872	698	40	from	from	ADP
cblr-2872	698	41	changes	change	NOUN
cblr-2872	698	42	in	in	ADP
cblr-2872	698	43	the	the	DET
cblr-2872	698	44	market	market	NOUN
cblr-2872	698	45	value	value	NOUN
cblr-2872	698	46	of	of	ADP
cblr-2872	698	47	the	the	DET
cblr-2872	698	48	position	position	NOUN
cblr-2872	698	49	.	.	PUNCT
cblr-2872	698	50	"	"	PUNCT
cblr-2872	699	1	17	17	NUM
cblr-2872	699	2	c.f.r	c.f.r	NOUN
cblr-2872	699	3	.	.	PUNCT
cblr-2872	700	1	§	§	PROPN
cblr-2872	700	2	1.3(ccc	1.3(ccc	NUM
cblr-2872	700	3	)	)	PUNCT
cblr-2872	700	4	.	.	PUNCT
cblr-2872	701	1	82	82	NUM
cblr-2872	701	2	see	see	VERB
cblr-2872	701	3	,	,	PUNCT
cblr-2872	701	4	e.g.	e.g.	ADV
cblr-2872	701	5	,	,	PUNCT
cblr-2872	701	6	capital	capital	NOUN
cblr-2872	701	7	,	,	PUNCT
cblr-2872	701	8	margin	margin	NOUN
cblr-2872	701	9	,	,	PUNCT
cblr-2872	701	10	and	and	CCONJ
cblr-2872	701	11	segregation	segregation	NOUN
cblr-2872	701	12	requirements	requirement	NOUN
cblr-2872	701	13	for	for	ADP
cblr-2872	701	14	security	security	NOUN
cblr-2872	701	15	-	-	PUNCT
cblr-2872	701	16	based	base	VERB
cblr-2872	701	17	swap	swap	NOUN
cblr-2872	701	18	dealers	dealer	NOUN
cblr-2872	701	19	and	and	CCONJ
cblr-2872	701	20	major	major	ADJ
cblr-2872	701	21	security	security	NOUN
cblr-2872	701	22	-	-	PUNCT
cblr-2872	701	23	based	base	VERB
cblr-2872	701	24	swap	swap	NOUN
cblr-2872	701	25	participants	participant	NOUN
cblr-2872	701	26	and	and	CCONJ
cblr-2872	701	27	capital	capital	NOUN
cblr-2872	701	28	requirements	requirement	NOUN
cblr-2872	701	29	for	for	ADP
cblr-2872	701	30	broker	broker	NOUN
cblr-2872	701	31	-	-	PUNCT
cblr-2872	701	32	dealers	dealer	NOUN
cblr-2872	701	33	,	,	PUNCT
cblr-2872	701	34	77	77	NUM
cblr-2872	701	35	fed	fed	PROPN
cblr-2872	701	36	.	.	PUNCT
cblr-2872	702	1	reg	reg	PROPN
cblr-2872	702	2	.	.	PUNCT
cblr-2872	703	1	at	at	ADP
cblr-2872	703	2	70,257	70,257	NUM
cblr-2872	703	3	(	(	PUNCT
cblr-2872	703	4	"	"	PUNCT
cblr-2872	703	5	the	the	DET
cblr-2872	703	6	potential	potential	ADJ
cblr-2872	703	7	future	future	ADJ
cblr-2872	703	8	exposure	exposure	NOUN
cblr-2872	703	9	is	be	AUX
cblr-2872	703	10	the	the	DET
cblr-2872	703	11	amount	amount	NOUN
cblr-2872	703	12	that	that	PRON
cblr-2872	703	13	the	the	DET
cblr-2872	703	14	current	current	ADJ
cblr-2872	703	15	exposure	exposure	NOUN
cblr-2872	703	16	may	may	AUX
cblr-2872	703	17	increase	increase	VERB
cblr-2872	703	18	in	in	ADP
cblr-2872	703	19	favor	favor	NOUN
cblr-2872	703	20	of	of	ADP
cblr-2872	703	21	the	the	DET
cblr-2872	703	22	dealer	dealer	NOUN
cblr-2872	703	23	in	in	ADP
cblr-2872	703	24	the	the	DET
cblr-2872	703	25	future	future	NOUN
cblr-2872	703	26	.	.	PUNCT
cblr-2872	704	1	this	this	DET
cblr-2872	704	2	form	form	NOUN
cblr-2872	704	3	of	of	ADP
cblr-2872	704	4	credit	credit	NOUN
cblr-2872	704	5	risk	risk	NOUN
cblr-2872	704	6	arises	arise	VERB
cblr-2872	704	7	from	from	ADP
cblr-2872	704	8	the	the	DET
cblr-2872	704	9	potential	potential	NOUN
cblr-2872	704	10	that	that	SCONJ
cblr-2872	704	11	the	the	DET
cblr-2872	704	12	counterparty	counterparty	NOUN
cblr-2872	704	13	may	may	AUX
cblr-2872	704	14	default	default	VERB
cblr-2872	704	15	before	before	ADP
cblr-2872	704	16	providing	provide	VERB
cblr-2872	704	17	the	the	DET
cblr-2872	704	18	dealer	dealer	NOUN
cblr-2872	704	19	with	with	ADP
cblr-2872	704	20	additional	additional	ADJ
cblr-2872	704	21	collateral	collateral	NOUN
cblr-2872	704	22	to	to	PART
cblr-2872	704	23	cover	cover	VERB
cblr-2872	704	24	the	the	DET
cblr-2872	704	25	incremental	incremental	ADJ
cblr-2872	704	26	increase	increase	NOUN
cblr-2872	704	27	in	in	ADP
cblr-2872	704	28	the	the	DET
cblr-2872	704	29	current	current	ADJ
cblr-2872	704	30	exposure	exposure	NOUN
cblr-2872	704	31	or	or	CCONJ
cblr-2872	704	32	that	that	SCONJ
cblr-2872	704	33	the	the	DET
cblr-2872	704	34	current	current	ADJ
cblr-2872	704	35	exposure	exposure	NOUN
cblr-2872	704	36	will	will	AUX
cblr-2872	704	37	increase	increase	VERB
cblr-2872	704	38	after	after	ADP
cblr-2872	704	39	a	a	DET
cblr-2872	704	40	default	default	NOUN
cblr-2872	704	41	when	when	SCONJ
cblr-2872	704	42	the	the	DET
cblr-2872	704	43	counterparty	counterparty	NOUN
cblr-2872	704	44	has	have	AUX
cblr-2872	704	45	ceased	cease	VERB
cblr-2872	704	46	to	to	PART
cblr-2872	704	47	provide	provide	VERB
cblr-2872	704	48	additional	additional	ADJ
cblr-2872	704	49	collateral	collateral	NOUN
cblr-2872	704	50	to	to	PART
cblr-2872	704	51	cover	cover	VERB
cblr-2872	704	52	such	such	ADJ
cblr-2872	704	53	increases	increase	NOUN
cblr-2872	704	54	and	and	CCONJ
cblr-2872	704	55	before	before	SCONJ
cblr-2872	704	56	the	the	DET
cblr-2872	704	57	dealer	dealer	NOUN
cblr-2872	704	58	can	can	AUX
cblr-2872	704	59	liquidate	liquidate	VERB
cblr-2872	704	60	the	the	DET
cblr-2872	704	61	position	position	NOUN
cblr-2872	704	62	.	.	PUNCT
cblr-2872	704	63	"	"	PUNCT
cblr-2872	704	64	)	)	PUNCT
cblr-2872	704	65	.	.	PUNCT
cblr-2872	705	1	col	col	PROPN
cblr-2872	705	2	umbia	umbia	PROPN
cblr-2872	705	3	b	b	PROPN
cblr-2872	705	4	usiness	usiness	PROPN
cblr-2872	705	5	la	la	PROPN
cblr-2872	705	6	w	w	PROPN
cblr-2872	705	7	re	re	PROPN
cblr-2872	705	8	vie	vie	PROPN
cblr-2872	705	9	w	w	PROPN
cblr-2872	706	1	[	[	X
cblr-2872	706	2	vol	vol	NOUN
cblr-2872	706	3	.	.	X
cblr-2872	706	4	2013714	2013714	NUM
cblr-2872	706	5	futures	future	NOUN
cblr-2872	706	6	contract	contract	NOUN
cblr-2872	706	7	at	at	ADP
cblr-2872	706	8	the	the	DET
cblr-2872	706	9	initiation	initiation	NOUN
cblr-2872	706	10	of	of	ADP
cblr-2872	706	11	the	the	DET
cblr-2872	706	12	transaction	transaction	NOUN
cblr-2872	706	13	.	.	PUNCT
cblr-2872	707	1	absent	absent	ADJ
cblr-2872	707	2	regulation	regulation	NOUN
cblr-2872	707	3	,	,	PUNCT
cblr-2872	707	4	initial	initial	ADJ
cblr-2872	707	5	margin	margin	NOUN
cblr-2872	707	6	is	be	AUX
cblr-2872	707	7	usually	usually	ADV
cblr-2872	707	8	a	a	DET
cblr-2872	707	9	function	function	NOUN
cblr-2872	707	10	of	of	ADP
cblr-2872	707	11	the	the	DET
cblr-2872	707	12	perceived	perceive	VERB
cblr-2872	707	13	creditworthiness	creditworthiness	NOUN
cblr-2872	707	14	of	of	ADP
cblr-2872	707	15	the	the	DET
cblr-2872	707	16	counterparty	counterparty	NOUN
cblr-2872	707	17	.	.	PUNCT
cblr-2872	708	1	margin	margin	NOUN
cblr-2872	708	2	requirements	requirement	NOUN
cblr-2872	708	3	under	under	ADP
cblr-2872	708	4	the	the	DET
cblr-2872	708	5	commodity	commodity	NOUN
cblr-2872	708	6	exchange	exchange	PROPN
cblr-2872	708	7	act	act	PROPN
cblr-2872	708	8	and	and	CCONJ
cblr-2872	708	9	cftc	cftc	PROPN
cblr-2872	708	10	regulations	regulation	NOUN
cblr-2872	708	11	differ	differ	VERB
cblr-2872	708	12	for	for	ADP
cblr-2872	708	13	futures	future	NOUN
cblr-2872	708	14	,	,	PUNCT
cblr-2872	708	15	cleared	clear	VERB
cblr-2872	708	16	swaps	swap	NOUN
cblr-2872	708	17	,	,	PUNCT
cblr-2872	708	18	and	and	CCONJ
cblr-2872	708	19	uncleared	uncleared	ADJ
cblr-2872	708	20	swaps	swap	NOUN
cblr-2872	708	21	.	.	PUNCT
cblr-2872	709	1	we	we	PRON
cblr-2872	709	2	provide	provide	VERB
cblr-2872	709	3	a	a	DET
cblr-2872	709	4	brief	brief	ADJ
cblr-2872	709	5	summary	summary	NOUN
cblr-2872	709	6	of	of	ADP
cblr-2872	709	7	these	these	DET
cblr-2872	709	8	requirements	requirement	NOUN
cblr-2872	709	9	below	below	ADV
cblr-2872	709	10	and	and	CCONJ
cblr-2872	709	11	discuss	discuss	VERB
cblr-2872	709	12	their	their	PRON
cblr-2872	709	13	implications	implication	NOUN
cblr-2872	709	14	for	for	ADP
cblr-2872	709	15	futurization.83	futurization.83	ADJ
cblr-2872	709	16	1	1	NUM
cblr-2872	709	17	.	.	PUNCT
cblr-2872	710	1	the	the	DET
cblr-2872	710	2	regulatory	regulatory	ADJ
cblr-2872	710	3	regime	regime	NOUN
cblr-2872	710	4	futures	future	NOUN
cblr-2872	710	5	.	.	PUNCT
cblr-2872	711	1	all	all	DET
cblr-2872	711	2	futures	future	NOUN
cblr-2872	711	3	contracts	contract	NOUN
cblr-2872	711	4	must	must	AUX
cblr-2872	711	5	be	be	AUX
cblr-2872	711	6	cleared	clear	VERB
cblr-2872	711	7	through	through	ADP
cblr-2872	711	8	a	a	DET
cblr-2872	711	9	cftc	cftc	PROPN
cblr-2872	711	10	-	-	PUNCT
cblr-2872	711	11	registered	register	VERB
cblr-2872	711	12	clearinghouse	clearinghouse	NOUN
cblr-2872	711	13	.	.	PUNCT
cblr-2872	712	1	to	to	PART
cblr-2872	712	2	protect	protect	VERB
cblr-2872	712	3	the	the	DET
cblr-2872	712	4	clearinghouse	clearinghouse	NOUN
cblr-2872	712	5	from	from	ADP
cblr-2872	712	6	the	the	DET
cblr-2872	712	7	failure	failure	NOUN
cblr-2872	712	8	of	of	ADP
cblr-2872	712	9	its	its	PRON
cblr-2872	712	10	members	member	NOUN
cblr-2872	712	11	,	,	PUNCT
cblr-2872	712	12	the	the	DET
cblr-2872	712	13	commodity	commodity	NOUN
cblr-2872	712	14	exchange	exchange	PROPN
cblr-2872	712	15	act	act	PROPN
cblr-2872	712	16	"	"	PUNCT
cblr-2872	712	17	'	'	PUNCT
cblr-2872	712	18	and	and	CCONJ
cblr-2872	712	19	the	the	DET
cblr-2872	712	20	cftc	cftc	PROPN
cblr-2872	712	21	's	's	PART
cblr-2872	712	22	rules	rule	NOUN
cblr-2872	712	23	governing	govern	VERB
cblr-2872	712	24	clearinghouses6	clearinghouses6	PROPN
cblr-2872	712	25	require	require	VERB
cblr-2872	712	26	a	a	DET
cblr-2872	712	27	clearinghouse	clearinghouse	NOUN
cblr-2872	712	28	to	to	PART
cblr-2872	712	29	collect	collect	VERB
cblr-2872	712	30	both	both	DET
cblr-2872	712	31	initial	initial	ADJ
cblr-2872	712	32	and	and	CCONJ
cblr-2872	712	33	variation	variation	NOUN
cblr-2872	712	34	margin	margin	NOUN
cblr-2872	712	35	for	for	ADP
cblr-2872	712	36	futures	future	NOUN
cblr-2872	712	37	contracts	contract	NOUN
cblr-2872	712	38	that	that	PRON
cblr-2872	712	39	it	it	PRON
cblr-2872	712	40	clears	clear	VERB
cblr-2872	712	41	.	.	PUNCT
cblr-2872	713	1	cftc	cftc	PROPN
cblr-2872	713	2	regulation	regulation	PROPN
cblr-2872	713	3	39.13(g	39.13(g	PROPN
cblr-2872	713	4	)	)	PUNCT
cblr-2872	713	5	requires	require	VERB
cblr-2872	713	6	clearinghouses	clearinghouse	NOUN
cblr-2872	713	7	to	to	PART
cblr-2872	713	8	impose	impose	VERB
cblr-2872	713	9	an	an	DET
cblr-2872	713	10	initial	initial	ADJ
cblr-2872	713	11	margin	margin	NOUN
cblr-2872	713	12	requirement	requirement	NOUN
cblr-2872	713	13	for	for	ADP
cblr-2872	713	14	futures	future	NOUN
cblr-2872	713	15	contracts	contract	NOUN
cblr-2872	713	16	.	.	PUNCT
cblr-2872	713	17	"	"	PUNCT
cblr-2872	714	1	under	under	ADP
cblr-2872	714	2	this	this	DET
cblr-2872	714	3	requirement	requirement	NOUN
cblr-2872	714	4	,	,	PUNCT
cblr-2872	714	5	clearinghouses	clearinghouse	NOUN
cblr-2872	714	6	must	must	AUX
cblr-2872	714	7	collect	collect	VERB
cblr-2872	714	8	initial	initial	ADJ
cblr-2872	714	9	margin	margin	NOUN
cblr-2872	714	10	from	from	ADP
cblr-2872	714	11	each	each	DET
cblr-2872	714	12	party	party	NOUN
cblr-2872	714	13	to	to	ADP
cblr-2872	714	14	a	a	DET
cblr-2872	714	15	futures	future	NOUN
cblr-2872	714	16	contract	contract	NOUN
cblr-2872	714	17	sufficient	sufficient	ADJ
cblr-2872	714	18	to	to	PART
cblr-2872	714	19	cover	cover	VERB
cblr-2872	714	20	the	the	DET
cblr-2872	714	21	party	party	NOUN
cblr-2872	714	22	's	's	PART
cblr-2872	714	23	potential	potential	ADJ
cblr-2872	714	24	future	future	ADJ
cblr-2872	714	25	exposure	exposure	NOUN
cblr-2872	714	26	under	under	ADP
cblr-2872	714	27	the	the	DET
cblr-2872	714	28	contract	contract	NOUN
cblr-2872	714	29	over	over	ADP
cblr-2872	714	30	a	a	DET
cblr-2872	714	31	one	one	NUM
cblr-2872	714	32	-	-	PUNCT
cblr-2872	714	33	day	day	NOUN
cblr-2872	714	34	liquidation	liquidation	NOUN
cblr-2872	714	35	period	period	NOUN
cblr-2872	714	36	,	,	PUNCT
cblr-2872	714	37	calculated	calculate	VERB
cblr-2872	714	38	based	base	VERB
cblr-2872	714	39	on	on	ADP
cblr-2872	714	40	a	a	DET
cblr-2872	714	41	99	99	NUM
cblr-2872	714	42	%	%	NOUN
cblr-2872	714	43	confidence	confidence	NOUN
cblr-2872	714	44	level.88	level.88	VERB
cblr-2872	714	45	the	the	DET
cblr-2872	714	46	idea	idea	NOUN
cblr-2872	714	47	behind	behind	ADP
cblr-2872	714	48	a	a	DET
cblr-2872	714	49	liquidation	liquidation	NOUN
cblr-2872	714	50	period	period	NOUN
cblr-2872	714	51	is	be	AUX
cblr-2872	714	52	that	that	SCONJ
cblr-2872	714	53	the	the	DET
cblr-2872	714	54	initial	initial	ADJ
cblr-2872	714	55	margin	margin	NOUN
cblr-2872	714	56	should	should	AUX
cblr-2872	714	57	,	,	PUNCT
cblr-2872	714	58	at	at	ADP
cblr-2872	714	59	a	a	DET
cblr-2872	714	60	high	high	ADJ
cblr-2872	714	61	level	level	NOUN
cblr-2872	714	62	of	of	ADP
cblr-2872	714	63	confidence	confidence	NOUN
cblr-2872	714	64	,	,	PUNCT
cblr-2872	714	65	cover	cover	VERB
cblr-2872	714	66	all	all	DET
cblr-2872	714	67	potential	potential	ADJ
cblr-2872	714	68	moves	move	NOUN
cblr-2872	714	69	of	of	ADP
cblr-2872	714	70	a	a	DET
cblr-2872	714	71	83	83	NUM
cblr-2872	714	72	our	our	PRON
cblr-2872	714	73	analysis	analysis	NOUN
cblr-2872	714	74	focuses	focus	VERB
cblr-2872	714	75	on	on	ADP
cblr-2872	714	76	margin	margin	NOUN
cblr-2872	714	77	requirements	requirement	NOUN
cblr-2872	714	78	proposed	propose	VERB
cblr-2872	714	79	by	by	ADP
cblr-2872	714	80	the	the	DET
cblr-2872	714	81	cftc	cftc	PROPN
cblr-2872	714	82	and	and	CCONJ
cblr-2872	714	83	u.s	u.s	PROPN
cblr-2872	714	84	.	.	PROPN
cblr-2872	714	85	banking	banking	NOUN
cblr-2872	714	86	regulators	regulator	NOUN
cblr-2872	714	87	.	.	PUNCT
cblr-2872	715	1	other	other	ADJ
cblr-2872	715	2	related	related	ADJ
cblr-2872	715	3	requirements	requirement	NOUN
cblr-2872	715	4	,	,	PUNCT
cblr-2872	715	5	such	such	ADJ
cblr-2872	715	6	as	as	ADP
cblr-2872	715	7	capital	capital	NOUN
cblr-2872	715	8	charges	charge	NOUN
cblr-2872	715	9	under	under	ADP
cblr-2872	715	10	basel	basel	PROPN
cblr-2872	715	11	iii	iii	PROPN
cblr-2872	715	12	that	that	PRON
cblr-2872	715	13	differ	differ	VERB
cblr-2872	715	14	for	for	ADP
cblr-2872	715	15	cleared	clear	VERB
cblr-2872	715	16	and	and	CCONJ
cblr-2872	715	17	uncleared	uncleared	ADJ
cblr-2872	715	18	transactions	transaction	NOUN
cblr-2872	715	19	,	,	PUNCT
cblr-2872	715	20	should	should	AUX
cblr-2872	715	21	also	also	ADV
cblr-2872	715	22	have	have	VERB
cblr-2872	715	23	futurization	futurization	NOUN
cblr-2872	715	24	effects	effect	NOUN
cblr-2872	715	25	.	.	PUNCT
cblr-2872	716	1	84	84	NUM
cblr-2872	716	2	see	see	VERB
cblr-2872	716	3	commodity	commodity	NOUN
cblr-2872	716	4	exchange	exchange	PROPN
cblr-2872	716	5	act	act	PROPN
cblr-2872	716	6	§	§	PROPN
cblr-2872	716	7	5b	5b	NUM
cblr-2872	716	8	,	,	PUNCT
cblr-2872	716	9	7	7	NUM
cblr-2872	716	10	u.s.c	u.s.c	NOUN
cblr-2872	716	11	.	.	PUNCT
cblr-2872	717	1	§	§	PROPN
cblr-2872	717	2	7a-1	7a-1	NUM
cblr-2872	717	3	(	(	PUNCT
cblr-2872	717	4	2012	2012	NUM
cblr-2872	717	5	)	)	PUNCT
cblr-2872	717	6	.	.	PUNCT
cblr-2872	718	1	85	85	NUM
cblr-2872	718	2	see	see	VERB
cblr-2872	718	3	derivatives	derivative	NOUN
cblr-2872	718	4	clearing	clear	VERB
cblr-2872	718	5	organization	organization	NOUN
cblr-2872	718	6	general	general	ADJ
cblr-2872	718	7	provisions	provision	NOUN
cblr-2872	718	8	and	and	CCONJ
cblr-2872	718	9	core	core	NOUN
cblr-2872	718	10	principles	principle	NOUN
cblr-2872	718	11	,	,	PUNCT
cblr-2872	718	12	76	76	NUM
cblr-2872	718	13	fed	fed	PROPN
cblr-2872	718	14	.	.	PUNCT
cblr-2872	719	1	reg	reg	PROPN
cblr-2872	719	2	.	.	PUNCT
cblr-2872	720	1	69,334	69,334	NUM
cblr-2872	720	2	(	(	PUNCT
cblr-2872	720	3	nov	nov	PROPN
cblr-2872	720	4	.	.	PROPN
cblr-2872	720	5	8	8	NUM
cblr-2872	720	6	,	,	PUNCT
cblr-2872	720	7	2011	2011	NUM
cblr-2872	720	8	)	)	PUNCT
cblr-2872	720	9	(	(	PUNCT
cblr-2872	720	10	to	to	PART
cblr-2872	720	11	be	be	AUX
cblr-2872	720	12	codified	codify	VERB
cblr-2872	720	13	at	at	ADP
cblr-2872	720	14	17	17	NUM
cblr-2872	720	15	c.f.r	c.f.r	NOUN
cblr-2872	720	16	pts	pt	NOUN
cblr-2872	720	17	.	.	PROPN
cblr-2872	720	18	1	1	NUM
cblr-2872	720	19	,	,	PUNCT
cblr-2872	720	20	21	21	NUM
cblr-2872	720	21	,	,	PUNCT
cblr-2872	720	22	39	39	NUM
cblr-2872	720	23	,	,	PUNCT
cblr-2872	720	24	140	140	NUM
cblr-2872	720	25	)	)	PUNCT
cblr-2872	720	26	.	.	PUNCT
cblr-2872	721	1	86	86	NUM
cblr-2872	721	2	see	see	VERB
cblr-2872	721	3	17	17	NUM
cblr-2872	721	4	c.f.r	c.f.r	NOUN
cblr-2872	721	5	.	.	PUNCT
cblr-2872	722	1	§	§	PROPN
cblr-2872	722	2	39.13	39.13	NUM
cblr-2872	722	3	.	.	PUNCT
cblr-2872	723	1	87	87	NUM
cblr-2872	723	2	see	see	VERB
cblr-2872	723	3	i	i	PROPN
cblr-2872	723	4	d.	d.	PROPN
cblr-2872	723	5	§	§	PROPN
cblr-2872	723	6	39.13(g	39.13(g	PROPN
cblr-2872	723	7	)	)	PUNCT
cblr-2872	723	8	.	.	PUNCT
cblr-2872	724	1	88	88	NUM
cblr-2872	724	2	see	see	VERB
cblr-2872	724	3	i	i	PRON
cblr-2872	724	4	d.	d.	PROPN
cblr-2872	724	5	no	no	INTJ
cblr-2872	724	6	.	.	PUNCT
cblr-2872	725	1	3:667]1	3:667]1	NUM
cblr-2872	725	2	regulation	regulation	NOUN
cblr-2872	725	3	through	through	ADP
cblr-2872	725	4	substitution	substitution	NOUN
cblr-2872	725	5	715	715	NUM
cblr-2872	725	6	futures	future	NOUN
cblr-2872	725	7	contract	contract	NOUN
cblr-2872	725	8	over	over	ADP
cblr-2872	725	9	the	the	DET
cblr-2872	725	10	amount	amount	NOUN
cblr-2872	725	11	of	of	ADP
cblr-2872	725	12	time	time	NOUN
cblr-2872	725	13	that	that	SCONJ
cblr-2872	725	14	it	it	PRON
cblr-2872	725	15	will	will	AUX
cblr-2872	725	16	likely	likely	ADV
cblr-2872	725	17	take	take	VERB
cblr-2872	725	18	the	the	DET
cblr-2872	725	19	clearinghouse	clearinghouse	NOUN
cblr-2872	725	20	to	to	PART
cblr-2872	725	21	be	be	AUX
cblr-2872	725	22	able	able	ADJ
cblr-2872	725	23	to	to	PART
cblr-2872	725	24	unwind	unwind	VERB
cblr-2872	725	25	the	the	DET
cblr-2872	725	26	contract	contract	NOUN
cblr-2872	725	27	.	.	PUNCT
cblr-2872	726	1	89	89	NUM
cblr-2872	726	2	cftc	cftc	PROPN
cblr-2872	726	3	regulation	regulation	PROPN
cblr-2872	726	4	39.14(b	39.14(b	PROPN
cblr-2872	726	5	)	)	PUNCT
cblr-2872	726	6	requires	require	VERB
cblr-2872	726	7	the	the	DET
cblr-2872	726	8	clearinghouse	clearinghouse	NOUN
cblr-2872	726	9	to	to	PART
cblr-2872	726	10	calculate	calculate	VERB
cblr-2872	726	11	and	and	CCONJ
cblr-2872	726	12	collect	collect	VERB
cblr-2872	726	13	variation	variation	NOUN
cblr-2872	726	14	margin	margin	NOUN
cblr-2872	726	15	for	for	ADP
cblr-2872	726	16	futures	future	NOUN
cblr-2872	726	17	contracts	contract	NOUN
cblr-2872	726	18	on	on	ADP
cblr-2872	726	19	a	a	DET
cblr-2872	726	20	daily	daily	ADJ
cblr-2872	726	21	basis	basis	NOUN
cblr-2872	726	22	,	,	PUNCT
cblr-2872	726	23	and	and	CCONJ
cblr-2872	726	24	more	more	ADV
cblr-2872	726	25	frequently	frequently	ADV
cblr-2872	726	26	in	in	ADP
cblr-2872	726	27	times	time	NOUN
cblr-2872	726	28	of	of	ADP
cblr-2872	726	29	"	"	PUNCT
cblr-2872	726	30	extreme	extreme	ADJ
cblr-2872	726	31	market	market	NOUN
cblr-2872	726	32	volatility	volatility	NOUN
cblr-2872	726	33	.	.	PUNCT
cblr-2872	727	1	"90	"90	PUNCT
cblr-2872	727	2	clearinghouse	clearinghouse	NOUN
cblr-2872	727	3	members	member	NOUN
cblr-2872	727	4	that	that	PRON
cblr-2872	727	5	clear	clear	ADJ
cblr-2872	727	6	futures	future	NOUN
cblr-2872	727	7	for	for	ADP
cblr-2872	727	8	customers	customer	NOUN
cblr-2872	727	9	are	be	AUX
cblr-2872	727	10	required	require	VERB
cblr-2872	727	11	to	to	PART
cblr-2872	727	12	collect	collect	VERB
cblr-2872	727	13	initial	initial	ADJ
cblr-2872	727	14	margin	margin	NOUN
cblr-2872	727	15	from	from	ADP
cblr-2872	727	16	customers	customer	NOUN
cblr-2872	727	17	that	that	PRON
cblr-2872	727	18	exceed	exceed	VERB
cblr-2872	727	19	the	the	DET
cblr-2872	727	20	minimum	minimum	ADJ
cblr-2872	727	21	levels	level	NOUN
cblr-2872	727	22	set	set	VERB
cblr-2872	727	23	under	under	ADP
cblr-2872	727	24	cftc	cftc	PROPN
cblr-2872	727	25	regulation	regulation	NOUN
cblr-2872	727	26	39.14	39.14	NUM
cblr-2872	727	27	,	,	PUNCT
cblr-2872	727	28	but	but	CCONJ
cblr-2872	727	29	they	they	PRON
cblr-2872	727	30	have	have	VERB
cblr-2872	727	31	discretion	discretion	NOUN
cblr-2872	727	32	to	to	PART
cblr-2872	727	33	determine	determine	VERB
cblr-2872	727	34	how	how	SCONJ
cblr-2872	727	35	much	much	ADJ
cblr-2872	727	36	initial	initial	ADJ
cblr-2872	727	37	margin	margin	NOUN
cblr-2872	727	38	above	above	ADP
cblr-2872	727	39	those	those	DET
cblr-2872	727	40	levels	level	NOUN
cblr-2872	727	41	to	to	PART
cblr-2872	727	42	collect	collect	VERB
cblr-2872	727	43	from	from	ADP
cblr-2872	727	44	each	each	DET
cblr-2872	727	45	customer.91	customer.91	NOUN
cblr-2872	727	46	cleared	clear	VERB
cblr-2872	727	47	swaps	swap	NOUN
cblr-2872	727	48	.	.	PUNCT
cblr-2872	728	1	clearinghouses	clearinghouse	NOUN
cblr-2872	728	2	are	be	AUX
cblr-2872	728	3	subject	subject	ADJ
cblr-2872	728	4	to	to	ADP
cblr-2872	728	5	the	the	DET
cblr-2872	728	6	same	same	ADJ
cblr-2872	728	7	general	general	ADJ
cblr-2872	728	8	regulatory	regulatory	ADJ
cblr-2872	728	9	framework	framework	NOUN
cblr-2872	728	10	for	for	ADP
cblr-2872	728	11	cleared	clear	VERB
cblr-2872	728	12	swap	swap	NOUN
cblr-2872	728	13	transactions	transaction	NOUN
cblr-2872	728	14	as	as	ADP
cblr-2872	728	15	for	for	ADP
cblr-2872	728	16	futures	future	NOUN
cblr-2872	728	17	contracts	contract	NOUN
cblr-2872	728	18	.	.	PUNCT
cblr-2872	729	1	92	92	NUM
cblr-2872	729	2	for	for	ADP
cblr-2872	729	3	cleared	clear	VERB
cblr-2872	729	4	agricultural	agricultural	ADJ
cblr-2872	729	5	,	,	PUNCT
cblr-2872	729	6	metals	metal	NOUN
cblr-2872	729	7	,	,	PUNCT
cblr-2872	729	8	and	and	CCONJ
cblr-2872	729	9	energy	energy	NOUN
cblr-2872	729	10	swaps	swap	NOUN
cblr-2872	729	11	,	,	PUNCT
cblr-2872	729	12	a	a	DET
cblr-2872	729	13	clearinghouse	clearinghouse	NOUN
cblr-2872	729	14	must	must	AUX
cblr-2872	729	15	collect	collect	VERB
cblr-2872	729	16	initial	initial	ADJ
cblr-2872	729	17	margin	margin	NOUN
cblr-2872	729	18	sufficient	sufficient	ADJ
cblr-2872	729	19	to	to	PART
cblr-2872	729	20	cover	cover	VERB
cblr-2872	729	21	potential	potential	ADJ
cblr-2872	729	22	exposure	exposure	NOUN
cblr-2872	729	23	over	over	ADP
cblr-2872	729	24	a	a	DET
cblr-2872	729	25	one	one	NUM
cblr-2872	729	26	-	-	PUNCT
cblr-2872	729	27	day	day	NOUN
cblr-2872	729	28	liquidation	liquidation	NOUN
cblr-2872	729	29	period	period	NOUN
cblr-2872	729	30	,	,	PUNCT
cblr-2872	729	31	the	the	DET
cblr-2872	729	32	same	same	ADJ
cblr-2872	729	33	as	as	ADP
cblr-2872	729	34	the	the	DET
cblr-2872	729	35	amount	amount	NOUN
cblr-2872	729	36	required	require	VERB
cblr-2872	729	37	for	for	ADP
cblr-2872	729	38	all	all	DET
cblr-2872	729	39	types	type	NOUN
cblr-2872	729	40	of	of	ADP
cblr-2872	729	41	futures	future	NOUN
cblr-2872	729	42	contracts	contract	NOUN
cblr-2872	729	43	;	;	PUNCT
cblr-2872	729	44	for	for	ADP
cblr-2872	729	45	all	all	DET
cblr-2872	729	46	other	other	ADJ
cblr-2872	729	47	types	type	NOUN
cblr-2872	729	48	of	of	ADP
cblr-2872	729	49	cleared	clear	VERB
cblr-2872	729	50	swaps	swap	NOUN
cblr-2872	729	51	,	,	PUNCT
cblr-2872	729	52	the	the	DET
cblr-2872	729	53	required	require	VERB
cblr-2872	729	54	amount	amount	NOUN
cblr-2872	729	55	must	must	AUX
cblr-2872	729	56	be	be	AUX
cblr-2872	729	57	sufficient	sufficient	ADJ
cblr-2872	729	58	to	to	PART
cblr-2872	729	59	cover	cover	VERB
cblr-2872	729	60	such	such	ADJ
cblr-2872	729	61	exposure	exposure	NOUN
cblr-2872	729	62	over	over	ADP
cblr-2872	729	63	a	a	DET
cblr-2872	729	64	five	five	NUM
cblr-2872	729	65	-	-	PUNCT
cblr-2872	729	66	day	day	NOUN
cblr-2872	729	67	liquidation	liquidation	NOUN
cblr-2872	729	68	period	period	NOUN
cblr-2872	729	69	.	.	PUNCT
cblr-2872	730	1	93	93	NUM
cblr-2872	730	2	these	these	DET
cblr-2872	730	3	"	"	PUNCT
cblr-2872	730	4	other	other	ADJ
cblr-2872	730	5	"	"	PUNCT
cblr-2872	730	6	cleared	clear	VERB
cblr-2872	730	7	swaps	swap	NOUN
cblr-2872	730	8	include	include	VERB
cblr-2872	730	9	the	the	DET
cblr-2872	730	10	interest	interest	NOUN
cblr-2872	730	11	rate	rate	NOUN
cblr-2872	730	12	swaps	swap	NOUN
cblr-2872	730	13	and	and	CCONJ
cblr-2872	730	14	credit	credit	NOUN
cblr-2872	730	15	default	default	NOUN
cblr-2872	730	16	swaps	swap	NOUN
cblr-2872	730	17	that	that	PRON
cblr-2872	730	18	constitute	constitute	VERB
cblr-2872	730	19	a	a	DET
cblr-2872	730	20	substantial	substantial	ADJ
cblr-2872	730	21	portion	portion	NOUN
cblr-2872	730	22	of	of	ADP
cblr-2872	730	23	the	the	DET
cblr-2872	730	24	swaps	swap	NOUN
cblr-2872	730	25	market	market	NOUN
cblr-2872	730	26	.	.	PUNCT
cblr-2872	731	1	the	the	DET
cblr-2872	731	2	difference	difference	NOUN
cblr-2872	731	3	in	in	ADP
cblr-2872	731	4	liquidation	liquidation	NOUN
cblr-2872	731	5	period	period	NOUN
cblr-2872	731	6	between	between	ADP
cblr-2872	731	7	futures	future	NOUN
cblr-2872	731	8	and	and	CCONJ
cblr-2872	731	9	cleared	clear	VERB
cblr-2872	731	10	swaps	swap	NOUN
cblr-2872	731	11	is	be	AUX
cblr-2872	731	12	controversial	controversial	ADJ
cblr-2872	731	13	;	;	PUNCT
cblr-2872	731	14	indeed	indeed	ADV
cblr-2872	731	15	,	,	PUNCT
cblr-2872	731	16	bloomberg	bloomberg	PROPN
cblr-2872	731	17	l.p	l.p	PROPN
cblr-2872	731	18	.	.	PROPN
cblr-2872	731	19	sued	sue	VERB
cblr-2872	731	20	the	the	DET
cblr-2872	731	21	cftc	cftc	PROPN
cblr-2872	731	22	regarding	regard	VERB
cblr-2872	731	23	this	this	DET
cblr-2872	731	24	difference	difference	NOUN
cblr-2872	731	25	.	.	PUNCT
cblr-2872	732	1	94	94	NUM
cblr-2872	732	2	uncleared	uncleared	ADJ
cblr-2872	732	3	swaps	swap	NOUN
cblr-2872	732	4	.	.	PUNCT
cblr-2872	733	1	the	the	DET
cblr-2872	733	2	margin	margin	NOUN
cblr-2872	733	3	regime	regime	NOUN
cblr-2872	733	4	for	for	ADP
cblr-2872	733	5	uncleared	uncleared	ADJ
cblr-2872	733	6	swaps	swap	NOUN
cblr-2872	733	7	is	be	AUX
cblr-2872	733	8	distinct	distinct	ADJ
cblr-2872	733	9	from	from	ADP
cblr-2872	733	10	that	that	PRON
cblr-2872	733	11	for	for	ADP
cblr-2872	733	12	futures	future	NOUN
cblr-2872	733	13	and	and	CCONJ
cblr-2872	733	14	cleared	clear	VERB
cblr-2872	733	15	swaps	swap	NOUN
cblr-2872	733	16	.	.	PUNCT
cblr-2872	734	1	89	89	NUM
cblr-2872	734	2	see	see	VERB
cblr-2872	734	3	derivatives	derivative	NOUN
cblr-2872	734	4	clearing	clear	VERB
cblr-2872	734	5	organization	organization	NOUN
cblr-2872	734	6	general	general	ADJ
cblr-2872	734	7	provisions	provision	NOUN
cblr-2872	734	8	and	and	CCONJ
cblr-2872	734	9	core	core	NOUN
cblr-2872	734	10	principles	principle	NOUN
cblr-2872	734	11	,	,	PUNCT
cblr-2872	734	12	76	76	NUM
cblr-2872	734	13	fed	fed	PROPN
cblr-2872	734	14	.	.	PUNCT
cblr-2872	735	1	reg	reg	PROPN
cblr-2872	735	2	.	.	PUNCT
cblr-2872	736	1	at	at	ADP
cblr-2872	736	2	69,366	69,366	NUM
cblr-2872	736	3	-	-	SYM
cblr-2872	736	4	68	68	NUM
cblr-2872	736	5	(	(	PUNCT
cblr-2872	736	6	discussing	discuss	VERB
cblr-2872	736	7	methodologies	methodology	NOUN
cblr-2872	736	8	for	for	ADP
cblr-2872	736	9	determining	determine	VERB
cblr-2872	736	10	initial	initial	ADJ
cblr-2872	736	11	margin	margin	NOUN
cblr-2872	736	12	requirements	requirement	NOUN
cblr-2872	736	13	based	base	VERB
cblr-2872	736	14	on	on	ADP
cblr-2872	736	15	liquidation	liquidation	NOUN
cblr-2872	736	16	times	time	NOUN
cblr-2872	736	17	for	for	ADP
cblr-2872	736	18	different	different	ADJ
cblr-2872	736	19	types	type	NOUN
cblr-2872	736	20	of	of	ADP
cblr-2872	736	21	swaps	swap	NOUN
cblr-2872	736	22	)	)	PUNCT
cblr-2872	736	23	.	.	PUNCT
cblr-2872	737	1	90	90	NUM
cblr-2872	737	2	17	17	NUM
cblr-2872	737	3	c.f.r	c.f.r	NOUN
cblr-2872	737	4	.	.	PUNCT
cblr-2872	738	1	§	§	PROPN
cblr-2872	738	2	39.14(b	39.14(b	PROPN
cblr-2872	738	3	)	)	PUNCT
cblr-2872	738	4	.	.	PUNCT
cblr-2872	739	1	91	91	NUM
cblr-2872	739	2	see	see	VERB
cblr-2872	739	3	i	i	PRON
cblr-2872	739	4	d.	d.	PROPN
cblr-2872	739	5	(	(	PUNCT
cblr-2872	739	6	requiring	require	VERB
cblr-2872	739	7	,	,	PUNCT
cblr-2872	739	8	among	among	ADP
cblr-2872	739	9	other	other	ADJ
cblr-2872	739	10	things	thing	NOUN
cblr-2872	739	11	,	,	PUNCT
cblr-2872	739	12	that	that	SCONJ
cblr-2872	739	13	derivatives	derivative	NOUN
cblr-2872	739	14	clearing	clearing	NOUN
cblr-2872	739	15	organizations	organization	NOUN
cblr-2872	739	16	"	"	PUNCT
cblr-2872	739	17	have	have	VERB
cblr-2872	739	18	the	the	DET
cblr-2872	739	19	authority	authority	NOUN
cblr-2872	739	20	and	and	CCONJ
cblr-2872	739	21	operational	operational	ADJ
cblr-2872	739	22	capacity	capacity	NOUN
cblr-2872	739	23	to	to	PART
cblr-2872	739	24	effect	effect	VERB
cblr-2872	739	25	a	a	DET
cblr-2872	739	26	settlement	settlement	NOUN
cblr-2872	739	27	.	.	PUNCT
cblr-2872	739	28	.	.	PUNCT
cblr-2872	739	29	.	.	PUNCT
cblr-2872	740	1	when	when	SCONJ
cblr-2872	740	2	thresholds	threshold	NOUN
cblr-2872	740	3	specified	specify	VERB
cblr-2872	740	4	by	by	ADP
cblr-2872	740	5	the	the	DET
cblr-2872	740	6	derivatives	derivative	NOUN
cblr-2872	740	7	clearing	clearing	NOUN
cblr-2872	740	8	organization	organization	NOUN
cblr-2872	740	9	are	be	AUX
cblr-2872	740	10	breached	breach	VERB
cblr-2872	740	11	"	"	PUNCT
cblr-2872	740	12	)	)	PUNCT
cblr-2872	740	13	(	(	PUNCT
cblr-2872	740	14	emphasis	emphasis	NOUN
cblr-2872	740	15	added	add	VERB
cblr-2872	740	16	)	)	PUNCT
cblr-2872	740	17	.	.	PUNCT
cblr-2872	741	1	92	92	NUM
cblr-2872	741	2	see	see	VERB
cblr-2872	741	3	i	i	PRON
cblr-2872	741	4	d.	d.	PROPN
cblr-2872	741	5	93	93	NUM
cblr-2872	742	1	i	i	PROPN
cblr-2872	742	2	d.	d.	PROPN
cblr-2872	742	3	§	§	PROPN
cblr-2872	742	4	39.13(g	39.13(g	PROPN
cblr-2872	742	5	)	)	PUNCT
cblr-2872	742	6	.	.	PUNCT
cblr-2872	743	1	94	94	NUM
cblr-2872	743	2	see	see	VERB
cblr-2872	743	3	complaint	complaint	NOUN
cblr-2872	743	4	at	at	ADP
cblr-2872	743	5	5	5	NUM
cblr-2872	743	6	,	,	PUNCT
cblr-2872	743	7	bloomberg	bloomberg	PROPN
cblr-2872	743	8	l.p	l.p	PROPN
cblr-2872	743	9	.	.	PROPN
cblr-2872	744	1	v.	v.	PROPN
cblr-2872	744	2	cftc	cftc	PROPN
cblr-2872	744	3	,	,	PUNCT
cblr-2872	744	4	2013	2013	NUM
cblr-2872	744	5	wl	wl	NOUN
cblr-2872	744	6	2458283	2458283	NUM
cblr-2872	744	7	(	(	PUNCT
cblr-2872	744	8	d.d.c	d.d.c	PROPN
cblr-2872	744	9	.	.	PROPN
cblr-2872	744	10	june	june	PROPN
cblr-2872	744	11	7	7	NUM
cblr-2872	744	12	,	,	PUNCT
cblr-2872	744	13	2013	2013	NUM
cblr-2872	744	14	)	)	PUNCT
cblr-2872	744	15	(	(	PUNCT
cblr-2872	744	16	civ	civ	NOUN
cblr-2872	744	17	.	.	PUNCT
cblr-2872	745	1	no	no	INTJ
cblr-2872	745	2	.	.	NOUN
cblr-2872	746	1	13	13	NUM
cblr-2872	746	2	-	-	SYM
cblr-2872	746	3	523(bah	523(bah	NUM
cblr-2872	746	4	)	)	PUNCT
cblr-2872	746	5	)	)	PUNCT
cblr-2872	746	6	,	,	PUNCT
cblr-2872	746	7	2013	2013	NUM
cblr-2872	746	8	wl	wl	NOUN
cblr-2872	746	9	1629236	1629236	NUM
cblr-2872	746	10	.	.	PUNCT
cblr-2872	747	1	716	716	NUM
cblr-2872	747	2	col	col	NOUN
cblr-2872	747	3	umia	umia	NOUN
cblr-2872	747	4	b	b	PROPN
cblr-2872	747	5	usiness	usiness	PROPN
cblr-2872	747	6	la	la	PROPN
cblr-2872	747	7	w	w	PROPN
cblr-2872	747	8	re	re	PROPN
cblr-2872	747	9	vie	vie	PROPN
cblr-2872	747	10	w	w	PROPN
cblr-2872	748	1	[	[	X
cblr-2872	748	2	vol	vol	NOUN
cblr-2872	748	3	.	.	PUNCT
cblr-2872	748	4	2013	2013	NUM
cblr-2872	749	1	the	the	DET
cblr-2872	749	2	commodity	commodity	NOUN
cblr-2872	749	3	exchange	exchange	PROPN
cblr-2872	749	4	act	act	PROPN
cblr-2872	749	5	,	,	PUNCT
cblr-2872	749	6	as	as	SCONJ
cblr-2872	749	7	amended	amend	VERB
cblr-2872	749	8	by	by	ADP
cblr-2872	749	9	the	the	DET
cblr-2872	749	10	doddfrank	doddfrank	PROPN
cblr-2872	749	11	act	act	PROPN
cblr-2872	749	12	,	,	PUNCT
cblr-2872	749	13	requires	require	VERB
cblr-2872	749	14	u.s	u.s	PROPN
cblr-2872	749	15	.	.	PROPN
cblr-2872	749	16	banking	banking	NOUN
cblr-2872	749	17	regulators	regulator	NOUN
cblr-2872	749	18	and	and	CCONJ
cblr-2872	749	19	the	the	DET
cblr-2872	749	20	cftc	cftc	PROPN
cblr-2872	749	21	to	to	PART
cblr-2872	749	22	adopt	adopt	VERB
cblr-2872	749	23	rules	rule	NOUN
cblr-2872	749	24	that	that	PRON
cblr-2872	749	25	require	require	VERB
cblr-2872	749	26	swap	swap	NOUN
cblr-2872	749	27	dealers	dealer	NOUN
cblr-2872	749	28	to	to	PART
cblr-2872	749	29	collect	collect	VERB
cblr-2872	749	30	a	a	DET
cblr-2872	749	31	minimum	minimum	ADJ
cblr-2872	749	32	amount	amount	NOUN
cblr-2872	749	33	of	of	ADP
cblr-2872	749	34	initial	initial	ADJ
cblr-2872	749	35	and	and	CCONJ
cblr-2872	749	36	variation	variation	NOUN
cblr-2872	749	37	margin	margin	NOUN
cblr-2872	749	38	from	from	ADP
cblr-2872	749	39	their	their	PRON
cblr-2872	749	40	uncleared	uncleared	ADJ
cblr-2872	749	41	swap	swap	NOUN
cblr-2872	749	42	counterparties.95	counterparties.95	NOUN
cblr-2872	749	43	although	although	SCONJ
cblr-2872	749	44	no	no	DET
cblr-2872	749	45	uncleared	uncleared	ADJ
cblr-2872	749	46	swap	swap	NOUN
cblr-2872	749	47	margin	margin	NOUN
cblr-2872	749	48	rules	rule	NOUN
cblr-2872	749	49	have	have	AUX
cblr-2872	749	50	been	be	AUX
cblr-2872	749	51	finalized	finalize	VERB
cblr-2872	749	52	,	,	PUNCT
cblr-2872	749	53	the	the	DET
cblr-2872	749	54	cftc	cftc	PROPN
cblr-2872	749	55	and	and	CCONJ
cblr-2872	749	56	u.s	u.s	PROPN
cblr-2872	749	57	.	.	PROPN
cblr-2872	749	58	banking	banking	NOUN
cblr-2872	749	59	regulators	regulator	NOUN
cblr-2872	749	60	have	have	AUX
cblr-2872	749	61	proposed	propose	VERB
cblr-2872	749	62	rules	rule	NOUN
cblr-2872	749	63	.	.	PUNCT
cblr-2872	750	1	these	these	DET
cblr-2872	750	2	rules	rule	NOUN
cblr-2872	750	3	would	would	AUX
cblr-2872	750	4	set	set	VERB
cblr-2872	750	5	initial	initial	ADJ
cblr-2872	750	6	margin	margin	NOUN
cblr-2872	750	7	requirements	requirement	NOUN
cblr-2872	750	8	for	for	ADP
cblr-2872	750	9	uncleared	uncleared	ADJ
cblr-2872	750	10	swaps	swap	NOUN
cblr-2872	750	11	such	such	ADJ
cblr-2872	750	12	that	that	SCONJ
cblr-2872	750	13	a	a	DET
cblr-2872	750	14	swap	swap	NOUN
cblr-2872	750	15	dealer	dealer	NOUN
cblr-2872	750	16	would	would	AUX
cblr-2872	750	17	need	need	VERB
cblr-2872	750	18	to	to	PART
cblr-2872	750	19	collect	collect	VERB
cblr-2872	750	20	initial	initial	ADJ
cblr-2872	750	21	margin	margin	NOUN
cblr-2872	750	22	sufficient	sufficient	ADJ
cblr-2872	750	23	to	to	PART
cblr-2872	750	24	cover	cover	VERB
cblr-2872	750	25	potential	potential	ADJ
cblr-2872	750	26	future	future	ADJ
cblr-2872	750	27	exposure	exposure	NOUN
cblr-2872	750	28	of	of	ADP
cblr-2872	750	29	a	a	DET
cblr-2872	750	30	swap	swap	NOUN
cblr-2872	750	31	over	over	ADP
cblr-2872	750	32	a	a	DET
cblr-2872	750	33	ten	ten	NUM
cblr-2872	750	34	-	-	PUNCT
cblr-2872	750	35	day	day	NOUN
cblr-2872	750	36	liquidation	liquidation	NOUN
cblr-2872	750	37	period	period	NOUN
cblr-2872	750	38	calculated	calculate	VERB
cblr-2872	750	39	based	base	VERB
cblr-2872	750	40	on	on	ADP
cblr-2872	750	41	a	a	DET
cblr-2872	750	42	99	99	NUM
cblr-2872	750	43	%	%	NOUN
cblr-2872	750	44	confidence	confidence	NOUN
cblr-2872	750	45	interval	interval	NOUN
cblr-2872	750	46	.	.	PUNCT
cblr-2872	750	47	"	"	PUNCT
cblr-2872	751	1	swap	swap	NOUN
cblr-2872	751	2	dealers	dealer	NOUN
cblr-2872	751	3	would	would	AUX
cblr-2872	751	4	have	have	VERB
cblr-2872	751	5	the	the	DET
cblr-2872	751	6	option	option	NOUN
cblr-2872	751	7	of	of	ADP
cblr-2872	751	8	collecting	collect	VERB
cblr-2872	751	9	initial	initial	ADJ
cblr-2872	751	10	margin	margin	NOUN
cblr-2872	751	11	in	in	ADP
cblr-2872	751	12	excess	excess	NOUN
cblr-2872	751	13	of	of	ADP
cblr-2872	751	14	that	that	DET
cblr-2872	751	15	minimum	minimum	NOUN
cblr-2872	751	16	requirement.9	requirement.9	NOUN
cblr-2872	751	17	7	7	NUM
cblr-2872	751	18	as	as	SCONJ
cblr-2872	751	19	proposed	propose	VERB
cblr-2872	751	20	,	,	PUNCT
cblr-2872	751	21	both	both	CCONJ
cblr-2872	751	22	the	the	DET
cblr-2872	751	23	banking	banking	NOUN
cblr-2872	751	24	regulators	regulator	NOUN
cblr-2872	751	25	'	'	PART
cblr-2872	751	26	and	and	CCONJ
cblr-2872	751	27	the	the	DET
cblr-2872	751	28	cftc	cftc	PROPN
cblr-2872	751	29	's	's	PART
cblr-2872	751	30	margin	margin	NOUN
cblr-2872	751	31	requirements	requirement	NOUN
cblr-2872	751	32	would	would	AUX
cblr-2872	751	33	require	require	VERB
cblr-2872	751	34	swap	swap	NOUN
cblr-2872	751	35	dealers	dealer	NOUN
cblr-2872	751	36	and	and	CCONJ
cblr-2872	752	1	major	major	ADJ
cblr-2872	752	2	95	95	NUM
cblr-2872	752	3	see	see	NOUN
cblr-2872	752	4	commodity	commodity	NOUN
cblr-2872	752	5	exchange	exchange	PROPN
cblr-2872	752	6	act	act	PROPN
cblr-2872	752	7	§	§	PROPN
cblr-2872	752	8	4s(e	4s(e	PROPN
cblr-2872	752	9	)	)	PUNCT
cblr-2872	752	10	,	,	PUNCT
cblr-2872	752	11	7	7	NUM
cblr-2872	752	12	u.s.c	u.s.c	NOUN
cblr-2872	752	13	.	.	PUNCT
cblr-2872	753	1	§	§	PROPN
cblr-2872	753	2	6s(e	6s(e	PROPN
cblr-2872	753	3	)	)	PUNCT
cblr-2872	753	4	(	(	PUNCT
cblr-2872	753	5	2012	2012	NUM
cblr-2872	753	6	)	)	PUNCT
cblr-2872	753	7	.	.	PUNCT
cblr-2872	754	1	specifically	specifically	ADV
cblr-2872	754	2	,	,	PUNCT
cblr-2872	754	3	the	the	DET
cblr-2872	754	4	u.s	u.s	PROPN
cblr-2872	754	5	.	.	PROPN
cblr-2872	754	6	banking	banking	NOUN
cblr-2872	754	7	regulators	regulator	NOUN
cblr-2872	754	8	are	be	AUX
cblr-2872	754	9	required	require	VERB
cblr-2872	754	10	to	to	PART
cblr-2872	754	11	write	write	VERB
cblr-2872	754	12	rules	rule	NOUN
cblr-2872	754	13	imposing	impose	VERB
cblr-2872	754	14	uncleared	uncleared	ADJ
cblr-2872	754	15	swap	swap	NOUN
cblr-2872	754	16	margin	margin	NOUN
cblr-2872	754	17	requirements	requirement	NOUN
cblr-2872	754	18	on	on	ADP
cblr-2872	754	19	swap	swap	NOUN
cblr-2872	754	20	dealers	dealer	NOUN
cblr-2872	754	21	and	and	CCONJ
cblr-2872	754	22	major	major	ADJ
cblr-2872	754	23	swap	swap	NOUN
cblr-2872	754	24	participants	participant	NOUN
cblr-2872	754	25	that	that	PRON
cblr-2872	754	26	they	they	PRON
cblr-2872	754	27	oversee	oversee	VERB
cblr-2872	754	28	,	,	PUNCT
cblr-2872	754	29	while	while	SCONJ
cblr-2872	754	30	the	the	DET
cblr-2872	754	31	cftc	cftc	PROPN
cblr-2872	754	32	is	be	AUX
cblr-2872	754	33	required	require	VERB
cblr-2872	754	34	to	to	PART
cblr-2872	754	35	write	write	VERB
cblr-2872	754	36	rules	rule	NOUN
cblr-2872	754	37	imposing	impose	VERB
cblr-2872	754	38	uncleared	uncleared	ADJ
cblr-2872	754	39	swap	swap	NOUN
cblr-2872	754	40	margin	margin	NOUN
cblr-2872	754	41	requirements	requirement	NOUN
cblr-2872	754	42	on	on	ADP
cblr-2872	754	43	all	all	DET
cblr-2872	754	44	other	other	ADJ
cblr-2872	754	45	swap	swap	NOUN
cblr-2872	754	46	dealers	dealer	NOUN
cblr-2872	754	47	and	and	CCONJ
cblr-2872	754	48	major	major	ADJ
cblr-2872	754	49	swap	swap	NOUN
cblr-2872	754	50	participants	participant	NOUN
cblr-2872	754	51	.	.	PUNCT
cblr-2872	755	1	both	both	CCONJ
cblr-2872	755	2	the	the	DET
cblr-2872	755	3	u.s	u.s	PROPN
cblr-2872	755	4	.	.	PROPN
cblr-2872	755	5	banking	banking	NOUN
cblr-2872	755	6	regulators	regulator	NOUN
cblr-2872	755	7	and	and	CCONJ
cblr-2872	755	8	the	the	DET
cblr-2872	755	9	cftc	cftc	PROPN
cblr-2872	755	10	have	have	AUX
cblr-2872	755	11	imposed	impose	VERB
cblr-2872	755	12	,	,	PUNCT
cblr-2872	755	13	but	but	CCONJ
cblr-2872	755	14	not	not	PART
cblr-2872	755	15	finalized	finalize	VERB
cblr-2872	755	16	,	,	PUNCT
cblr-2872	755	17	such	such	ADJ
cblr-2872	755	18	margin	margin	NOUN
cblr-2872	755	19	requirements	requirement	NOUN
cblr-2872	755	20	.	.	PUNCT
cblr-2872	756	1	see	see	VERB
cblr-2872	756	2	margin	margin	NOUN
cblr-2872	756	3	and	and	CCONJ
cblr-2872	756	4	capital	capital	NOUN
cblr-2872	756	5	requirements	requirement	NOUN
cblr-2872	756	6	for	for	ADP
cblr-2872	756	7	covered	cover	VERB
cblr-2872	756	8	swap	swap	NOUN
cblr-2872	756	9	entities	entity	NOUN
cblr-2872	756	10	,	,	PUNCT
cblr-2872	756	11	76	76	NUM
cblr-2872	756	12	fed	fed	PROPN
cblr-2872	756	13	.	.	PUNCT
cblr-2872	757	1	reg	reg	PROPN
cblr-2872	757	2	.	.	PUNCT
cblr-2872	758	1	27,564	27,564	NUM
cblr-2872	758	2	(	(	PUNCT
cblr-2872	758	3	proposed	propose	VERB
cblr-2872	758	4	may	may	PROPN
cblr-2872	758	5	11	11	NUM
cblr-2872	758	6	,	,	PUNCT
cblr-2872	758	7	2011	2011	NUM
cblr-2872	758	8	)	)	PUNCT
cblr-2872	758	9	(	(	PUNCT
cblr-2872	758	10	to	to	PART
cblr-2872	758	11	be	be	AUX
cblr-2872	758	12	codified	codify	VERB
cblr-2872	758	13	at	at	ADP
cblr-2872	758	14	12	12	NUM
cblr-2872	758	15	c.f.r	c.f.r	NOUN
cblr-2872	758	16	.	.	PUNCT
cblr-2872	759	1	pts	pts	PROPN
cblr-2872	759	2	.	.	PROPN
cblr-2872	759	3	45	45	NUM
cblr-2872	759	4	,	,	PUNCT
cblr-2872	759	5	237	237	NUM
cblr-2872	759	6	,	,	PUNCT
cblr-2872	759	7	324	324	NUM
cblr-2872	759	8	,	,	PUNCT
cblr-2872	759	9	624	624	NUM
cblr-2872	759	10	,	,	PUNCT
cblr-2872	759	11	1221	1221	NUM
cblr-2872	759	12	)	)	PUNCT
cblr-2872	759	13	;	;	PUNCT
cblr-2872	759	14	cftc	cftc	PROPN
cblr-2872	759	15	margin	margin	NOUN
cblr-2872	759	16	requirements	requirement	NOUN
cblr-2872	759	17	for	for	ADP
cblr-2872	759	18	uncleared	uncleared	ADJ
cblr-2872	759	19	swaps	swap	NOUN
cblr-2872	759	20	for	for	ADP
cblr-2872	759	21	swap	swap	NOUN
cblr-2872	759	22	dealers	dealer	NOUN
cblr-2872	759	23	and	and	CCONJ
cblr-2872	759	24	major	major	ADJ
cblr-2872	759	25	swap	swap	NOUN
cblr-2872	759	26	participants	participant	NOUN
cblr-2872	759	27	,	,	PUNCT
cblr-2872	759	28	76	76	NUM
cblr-2872	759	29	fed	fed	PROPN
cblr-2872	759	30	.	.	PUNCT
cblr-2872	760	1	reg	reg	PROPN
cblr-2872	760	2	.	.	PUNCT
cblr-2872	761	1	23,732	23,732	NUM
cblr-2872	761	2	(	(	PUNCT
cblr-2872	761	3	proposed	propose	VERB
cblr-2872	761	4	apr	apr	PROPN
cblr-2872	761	5	.	.	PROPN
cblr-2872	761	6	28	28	NUM
cblr-2872	761	7	,	,	PUNCT
cblr-2872	761	8	2011	2011	NUM
cblr-2872	761	9	)	)	PUNCT
cblr-2872	761	10	(	(	PUNCT
cblr-2872	761	11	to	to	PART
cblr-2872	761	12	be	be	AUX
cblr-2872	761	13	codified	codify	VERB
cblr-2872	761	14	at	at	ADP
cblr-2872	761	15	17	17	NUM
cblr-2872	761	16	c.f.r	c.f.r	NOUN
cblr-2872	761	17	.	.	PUNCT
cblr-2872	762	1	pt	pt	PROPN
cblr-2872	762	2	.	.	PROPN
cblr-2872	762	3	23	23	NUM
cblr-2872	762	4	)	)	PUNCT
cblr-2872	762	5	.	.	PUNCT
cblr-2872	763	1	both	both	DET
cblr-2872	763	2	proposals	proposal	NOUN
cblr-2872	763	3	would	would	AUX
cblr-2872	763	4	require	require	VERB
cblr-2872	763	5	swap	swap	NOUN
cblr-2872	763	6	dealers	dealer	NOUN
cblr-2872	763	7	and	and	CCONJ
cblr-2872	763	8	major	major	ADJ
cblr-2872	763	9	swap	swap	NOUN
cblr-2872	763	10	participants	participant	NOUN
cblr-2872	763	11	to	to	PART
cblr-2872	763	12	collect	collect	VERB
cblr-2872	763	13	margin	margin	NOUN
cblr-2872	763	14	from	from	ADP
cblr-2872	763	15	,	,	PUNCT
cblr-2872	763	16	but	but	CCONJ
cblr-2872	763	17	not	not	PART
cblr-2872	763	18	post	post	VERB
cblr-2872	763	19	margin	margin	NOUN
cblr-2872	763	20	to	to	ADP
cblr-2872	763	21	,	,	PUNCT
cblr-2872	763	22	swap	swap	NOUN
cblr-2872	763	23	counterparties	counterpartie	NOUN
cblr-2872	763	24	.	.	PUNCT
cblr-2872	764	1	this	this	PRON
cblr-2872	764	2	is	be	AUX
cblr-2872	764	3	known	know	VERB
cblr-2872	764	4	as	as	ADP
cblr-2872	764	5	"	"	PUNCT
cblr-2872	764	6	unilateral	unilateral	ADJ
cblr-2872	764	7	margin	margin	NOUN
cblr-2872	764	8	.	.	PUNCT
cblr-2872	764	9	"	"	PUNCT
cblr-2872	765	1	96	96	NUM
cblr-2872	765	2	see	see	VERB
cblr-2872	765	3	margin	margin	NOUN
cblr-2872	765	4	and	and	CCONJ
cblr-2872	765	5	capital	capital	NOUN
cblr-2872	765	6	requirements	requirement	NOUN
cblr-2872	765	7	for	for	ADP
cblr-2872	765	8	covered	cover	VERB
cblr-2872	765	9	swap	swap	NOUN
cblr-2872	765	10	entities	entity	NOUN
cblr-2872	765	11	,	,	PUNCT
cblr-2872	765	12	76	76	NUM
cblr-2872	765	13	fed	fed	PROPN
cblr-2872	765	14	.	.	PUNCT
cblr-2872	766	1	reg	reg	PROPN
cblr-2872	766	2	.	.	PROPN
cblr-2872	767	1	27,564	27,564	NUM
cblr-2872	767	2	at	at	ADP
cblr-2872	767	3	27,590	27,590	NUM
cblr-2872	767	4	;	;	PUNCT
cblr-2872	767	5	cftc	cftc	PROPN
cblr-2872	767	6	margin	margin	NOUN
cblr-2872	767	7	requirements	requirement	NOUN
cblr-2872	767	8	for	for	ADP
cblr-2872	767	9	uncleared	uncleared	ADJ
cblr-2872	767	10	swaps	swap	NOUN
cblr-2872	767	11	for	for	ADP
cblr-2872	767	12	swap	swap	NOUN
cblr-2872	767	13	dealers	dealer	NOUN
cblr-2872	767	14	and	and	CCONJ
cblr-2872	767	15	major	major	ADJ
cblr-2872	767	16	swap	swap	NOUN
cblr-2872	767	17	participants	participant	NOUN
cblr-2872	767	18	,	,	PUNCT
cblr-2872	767	19	76	76	NUM
cblr-2872	767	20	fed	fed	PROPN
cblr-2872	767	21	.	.	PUNCT
cblr-2872	768	1	reg	reg	PROPN
cblr-2872	768	2	.	.	PUNCT
cblr-2872	769	1	at	at	ADP
cblr-2872	769	2	23,746	23,746	NUM
cblr-2872	769	3	.	.	PUNCT
cblr-2872	770	1	97	97	NUM
cblr-2872	770	2	see	see	VERB
cblr-2872	770	3	i	i	PRON
cblr-2872	770	4	d.	d.	PROPN
cblr-2872	770	5	at	at	ADP
cblr-2872	770	6	27,564	27,564	NUM
cblr-2872	770	7	(	(	PUNCT
cblr-2872	770	8	explaining	explain	VERB
cblr-2872	770	9	the	the	DET
cblr-2872	770	10	purpose	purpose	NOUN
cblr-2872	770	11	of	of	ADP
cblr-2872	770	12	proposed	propose	VERB
cblr-2872	770	13	regulations	regulation	NOUN
cblr-2872	770	14	to	to	PART
cblr-2872	770	15	establish	establish	VERB
cblr-2872	770	16	"	"	PUNCT
cblr-2872	770	17	minimum	minimum	ADJ
cblr-2872	770	18	margin	margin	NOUN
cblr-2872	770	19	and	and	CCONJ
cblr-2872	770	20	capital	capital	NOUN
cblr-2872	770	21	requirements	requirement	NOUN
cblr-2872	770	22	for	for	ADP
cblr-2872	770	23	registered	registered	ADJ
cblr-2872	770	24	swap	swap	NOUN
cblr-2872	770	25	dealers	dealer	NOUN
cblr-2872	770	26	,	,	PUNCT
cblr-2872	770	27	major	major	ADJ
cblr-2872	770	28	swap	swap	NOUN
cblr-2872	770	29	participants	participant	NOUN
cblr-2872	770	30	,	,	PUNCT
cblr-2872	770	31	security	security	NOUN
cblr-2872	770	32	-	-	PUNCT
cblr-2872	770	33	based	base	VERB
cblr-2872	770	34	swap	swap	NOUN
cblr-2872	770	35	dealers	dealer	NOUN
cblr-2872	770	36	,	,	PUNCT
cblr-2872	770	37	and	and	CCONJ
cblr-2872	770	38	major	major	ADJ
cblr-2872	770	39	security	security	NOUN
cblr-2872	770	40	-	-	PUNCT
cblr-2872	770	41	based	base	VERB
cblr-2872	770	42	swap	swap	NOUN
cblr-2872	770	43	participants	participant	NOUN
cblr-2872	770	44	"	"	PUNCT
cblr-2872	770	45	)	)	PUNCT
cblr-2872	770	46	(	(	PUNCT
cblr-2872	770	47	emphasis	emphasis	NOUN
cblr-2872	770	48	added	add	VERB
cblr-2872	770	49	)	)	PUNCT
cblr-2872	770	50	;	;	PUNCT
cblr-2872	770	51	cftc	cftc	PROPN
cblr-2872	770	52	margin	margin	NOUN
cblr-2872	770	53	requirements	requirement	NOUN
cblr-2872	770	54	for	for	ADP
cblr-2872	770	55	uncleared	uncleared	ADJ
cblr-2872	770	56	swaps	swap	NOUN
cblr-2872	770	57	for	for	ADP
cblr-2872	770	58	swap	swap	NOUN
cblr-2872	770	59	dealers	dealer	NOUN
cblr-2872	770	60	and	and	CCONJ
cblr-2872	770	61	major	major	ADJ
cblr-2872	770	62	swap	swap	NOUN
cblr-2872	770	63	participants	participant	NOUN
cblr-2872	770	64	,	,	PUNCT
cblr-2872	770	65	76	76	NUM
cblr-2872	770	66	fed	fed	PROPN
cblr-2872	770	67	.	.	PUNCT
cblr-2872	771	1	reg	reg	PROPN
cblr-2872	771	2	.	.	PUNCT
cblr-2872	772	1	at	at	ADP
cblr-2872	772	2	23,733	23,733	NUM
cblr-2872	772	3	(	(	PUNCT
cblr-2872	772	4	describing	describe	VERB
cblr-2872	772	5	the	the	DET
cblr-2872	772	6	proposed	propose	VERB
cblr-2872	772	7	"	"	PUNCT
cblr-2872	772	8	minimum	minimum	ADJ
cblr-2872	772	9	initial	initial	ADJ
cblr-2872	772	10	and	and	CCONJ
cblr-2872	772	11	variation	variation	NOUN
cblr-2872	772	12	margin	margin	NOUN
cblr-2872	772	13	requirements	requirement	NOUN
cblr-2872	772	14	"	"	PUNCT
cblr-2872	772	15	)	)	PUNCT
cblr-2872	772	16	(	(	PUNCT
cblr-2872	772	17	emphasis	emphasis	NOUN
cblr-2872	772	18	added	add	VERB
cblr-2872	772	19	)	)	PUNCT
cblr-2872	772	20	.	.	PUNCT
cblr-2872	773	1	regulation	regulation	NOUN
cblr-2872	773	2	through	through	ADP
cblr-2872	773	3	substitution	substitution	NOUN
cblr-2872	773	4	717no	717no	NOUN
cblr-2872	773	5	.	.	PUNCT
cblr-2872	774	1	3:667]1	3:667]1	NUM
cblr-2872	774	2	swap	swap	VERB
cblr-2872	774	3	participants	participant	NOUN
cblr-2872	774	4	to	to	PART
cblr-2872	774	5	collect	collect	VERB
cblr-2872	774	6	initial	initial	ADJ
cblr-2872	774	7	and	and	CCONJ
cblr-2872	774	8	variation	variation	NOUN
cblr-2872	774	9	margins	margin	NOUN
cblr-2872	774	10	from	from	ADP
cblr-2872	774	11	financial	financial	ADJ
cblr-2872	774	12	counterparties	counterpartie	NOUN
cblr-2872	774	13	.	.	PUNCT
cblr-2872	775	1	these	these	DET
cblr-2872	775	2	counterparties	counterpartie	NOUN
cblr-2872	775	3	include	include	VERB
cblr-2872	775	4	other	other	ADJ
cblr-2872	775	5	swap	swap	NOUN
cblr-2872	775	6	dealers	dealer	NOUN
cblr-2872	775	7	and	and	CCONJ
cblr-2872	775	8	major	major	ADJ
cblr-2872	775	9	swap	swap	NOUN
cblr-2872	775	10	participants	participant	NOUN
cblr-2872	775	11	,	,	PUNCT
cblr-2872	775	12	other	other	ADJ
cblr-2872	775	13	banks	bank	NOUN
cblr-2872	775	14	and	and	CCONJ
cblr-2872	775	15	hedge	hedge	NOUN
cblr-2872	775	16	funds	fund	NOUN
cblr-2872	775	17	,	,	PUNCT
cblr-2872	775	18	and	and	CCONJ
cblr-2872	775	19	other	other	ADJ
cblr-2872	775	20	investment	investment	NOUN
cblr-2872	775	21	funds.98	funds.98	VERB
cblr-2872	775	22	initial	initial	ADJ
cblr-2872	775	23	margin	margin	NOUN
cblr-2872	775	24	collected	collect	VERB
cblr-2872	775	25	from	from	ADP
cblr-2872	775	26	other	other	ADJ
cblr-2872	775	27	swap	swap	NOUN
cblr-2872	775	28	dealers	dealer	NOUN
cblr-2872	775	29	or	or	CCONJ
cblr-2872	775	30	major	major	ADJ
cblr-2872	775	31	swap	swap	NOUN
cblr-2872	775	32	participants	participant	NOUN
cblr-2872	775	33	would	would	AUX
cblr-2872	775	34	need	need	VERB
cblr-2872	775	35	to	to	PART
cblr-2872	775	36	be	be	AUX
cblr-2872	775	37	segregated	segregate	VERB
cblr-2872	775	38	and	and	CCONJ
cblr-2872	775	39	held	hold	VERB
cblr-2872	775	40	with	with	ADP
cblr-2872	775	41	an	an	DET
cblr-2872	775	42	independent	independent	ADJ
cblr-2872	775	43	third	third	ADJ
cblr-2872	775	44	-	-	PUNCT
cblr-2872	775	45	party	party	NOUN
cblr-2872	775	46	custodian.99	custodian.99	NOUN
cblr-2872	775	47	because	because	SCONJ
cblr-2872	775	48	all	all	DET
cblr-2872	775	49	swap	swap	NOUN
cblr-2872	775	50	dealers	dealer	NOUN
cblr-2872	775	51	and	and	CCONJ
cblr-2872	775	52	major	major	ADJ
cblr-2872	775	53	swap	swap	NOUN
cblr-2872	775	54	participants	participant	NOUN
cblr-2872	775	55	would	would	AUX
cblr-2872	775	56	be	be	AUX
cblr-2872	775	57	required	require	VERB
cblr-2872	775	58	both	both	PRON
cblr-2872	775	59	to	to	PART
cblr-2872	775	60	collect	collect	VERB
cblr-2872	775	61	and	and	CCONJ
cblr-2872	775	62	to	to	PART
cblr-2872	775	63	post	post	VERB
cblr-2872	775	64	initial	initial	ADJ
cblr-2872	775	65	and	and	CCONJ
cblr-2872	775	66	variation	variation	NOUN
cblr-2872	775	67	margin	margin	NOUN
cblr-2872	775	68	for	for	ADP
cblr-2872	775	69	interdealer	interdealer	NOUN
cblr-2872	775	70	transactions	transaction	NOUN
cblr-2872	775	71	,	,	PUNCT
cblr-2872	775	72	a	a	DET
cblr-2872	775	73	significant	significant	ADJ
cblr-2872	775	74	amount	amount	NOUN
cblr-2872	775	75	of	of	ADP
cblr-2872	775	76	liquid	liquid	ADJ
cblr-2872	775	77	collateral	collateral	NOUN
cblr-2872	775	78	would	would	AUX
cblr-2872	775	79	be	be	AUX
cblr-2872	775	80	locked	lock	VERB
cblr-2872	775	81	up	up	ADP
cblr-2872	775	82	,	,	PUNCT
cblr-2872	775	83	thereby	thereby	ADV
cblr-2872	775	84	significantly	significantly	ADV
cblr-2872	775	85	raising	raise	VERB
cblr-2872	775	86	the	the	DET
cblr-2872	775	87	cost	cost	NOUN
cblr-2872	775	88	of	of	ADP
cblr-2872	775	89	swaps	swap	NOUN
cblr-2872	775	90	.	.	PUNCT
cblr-2872	776	1	swap	swap	NOUN
cblr-2872	776	2	dealers	dealer	NOUN
cblr-2872	776	3	and	and	CCONJ
cblr-2872	776	4	major	major	ADJ
cblr-2872	776	5	swap	swap	NOUN
cblr-2872	776	6	participants	participant	NOUN
cblr-2872	776	7	would	would	AUX
cblr-2872	776	8	be	be	AUX
cblr-2872	776	9	required	require	VERB
cblr-2872	776	10	to	to	PART
cblr-2872	776	11	collect	collect	VERB
cblr-2872	776	12	initial	initial	ADJ
cblr-2872	776	13	and	and	CCONJ
cblr-2872	776	14	variation	variation	NOUN
cblr-2872	776	15	margin	margin	NOUN
cblr-2872	776	16	from	from	ADP
cblr-2872	776	17	,	,	PUNCT
cblr-2872	776	18	but	but	CCONJ
cblr-2872	776	19	not	not	PART
cblr-2872	776	20	post	post	VERB
cblr-2872	776	21	margin	margin	NOUN
cblr-2872	776	22	to	to	ADP
cblr-2872	776	23	,	,	PUNCT
cblr-2872	776	24	financial	financial	ADJ
cblr-2872	776	25	counterparties	counterpartie	NOUN
cblr-2872	776	26	that	that	PRON
cblr-2872	776	27	are	be	AUX
cblr-2872	776	28	not	not	PART
cblr-2872	776	29	swap	swap	NOUN
cblr-2872	776	30	dealers	dealer	NOUN
cblr-2872	776	31	or	or	CCONJ
cblr-2872	776	32	major	major	ADJ
cblr-2872	776	33	swap	swap	NOUN
cblr-2872	776	34	participants	participant	NOUN
cblr-2872	776	35	.	.	PUNCT
cblr-2872	777	1	"oo	"oo	X
cblr-2872	777	2	a	a	DET
cblr-2872	777	3	subset	subset	NOUN
cblr-2872	777	4	of	of	ADP
cblr-2872	777	5	these	these	DET
cblr-2872	777	6	financial	financial	ADJ
cblr-2872	777	7	"	"	PUNCT
cblr-2872	777	8	end	end	NOUN
cblr-2872	777	9	-	-	PUNCT
cblr-2872	777	10	user	user	NOUN
cblr-2872	777	11	"	"	PUNCT
cblr-2872	777	12	counterparties	counterpartie	NOUN
cblr-2872	777	13	,	,	PUNCT
cblr-2872	777	14	known	know	VERB
cblr-2872	777	15	as	as	ADP
cblr-2872	777	16	"	"	PUNCT
cblr-2872	777	17	low	low	ADJ
cblr-2872	777	18	-	-	PUNCT
cblr-2872	777	19	risk	risk	NOUN
cblr-2872	777	20	financial	financial	ADJ
cblr-2872	777	21	end	end	NOUN
cblr-2872	777	22	users	user	NOUN
cblr-2872	777	23	,	,	PUNCT
cblr-2872	777	24	"	"	PUNCT
cblr-2872	777	25	would	would	AUX
cblr-2872	777	26	be	be	AUX
cblr-2872	777	27	allowed	allow	VERB
cblr-2872	777	28	to	to	PART
cblr-2872	777	29	post	post	VERB
cblr-2872	777	30	less	less	ADJ
cblr-2872	777	31	than	than	ADP
cblr-2872	777	32	the	the	DET
cblr-2872	777	33	full	full	ADJ
cblr-2872	777	34	amount	amount	NOUN
cblr-2872	777	35	calculated	calculate	VERB
cblr-2872	777	36	under	under	ADP
cblr-2872	777	37	the	the	DET
cblr-2872	777	38	rules.10	rules.10	NOUN
cblr-2872	777	39	1	1	NUM
cblr-2872	777	40	the	the	DET
cblr-2872	777	41	proposed	propose	VERB
cblr-2872	777	42	regulations	regulation	NOUN
cblr-2872	777	43	do	do	AUX
cblr-2872	777	44	not	not	PART
cblr-2872	777	45	require	require	VERB
cblr-2872	777	46	swap	swap	NOUN
cblr-2872	777	47	dealers	dealer	NOUN
cblr-2872	777	48	and	and	CCONJ
cblr-2872	777	49	major	major	ADJ
cblr-2872	777	50	swap	swap	NOUN
cblr-2872	777	51	98	98	NUM
cblr-2872	777	52	see	see	VERB
cblr-2872	777	53	margin	margin	NOUN
cblr-2872	777	54	and	and	CCONJ
cblr-2872	777	55	capital	capital	NOUN
cblr-2872	777	56	requirements	requirement	NOUN
cblr-2872	777	57	for	for	ADP
cblr-2872	777	58	covered	cover	VERB
cblr-2872	777	59	swap	swap	NOUN
cblr-2872	777	60	entities	entity	NOUN
cblr-2872	777	61	,	,	PUNCT
cblr-2872	777	62	76	76	NUM
cblr-2872	777	63	fed	fed	PROPN
cblr-2872	777	64	.	.	PUNCT
cblr-2872	778	1	reg	reg	PROPN
cblr-2872	778	2	.	.	PUNCT
cblr-2872	779	1	at	at	ADP
cblr-2872	779	2	27,571	27,571	NUM
cblr-2872	779	3	(	(	PUNCT
cblr-2872	779	4	defining	define	VERB
cblr-2872	779	5	"	"	PUNCT
cblr-2872	779	6	financial	financial	ADJ
cblr-2872	779	7	end	end	NOUN
cblr-2872	779	8	user	user	NOUN
cblr-2872	779	9	"	"	PUNCT
cblr-2872	779	10	)	)	PUNCT
cblr-2872	779	11	;	;	PUNCT
cblr-2872	779	12	cftc	cftc	PROPN
cblr-2872	779	13	margin	margin	NOUN
cblr-2872	779	14	requirements	requirement	NOUN
cblr-2872	779	15	for	for	ADP
cblr-2872	779	16	uncleared	uncleared	ADJ
cblr-2872	779	17	swaps	swap	NOUN
cblr-2872	779	18	for	for	ADP
cblr-2872	779	19	swap	swap	NOUN
cblr-2872	779	20	dealers	dealer	NOUN
cblr-2872	779	21	and	and	CCONJ
cblr-2872	779	22	major	major	ADJ
cblr-2872	779	23	swap	swap	NOUN
cblr-2872	779	24	participants	participant	NOUN
cblr-2872	779	25	,	,	PUNCT
cblr-2872	779	26	76	76	NUM
cblr-2872	779	27	fed	fed	PROPN
cblr-2872	779	28	.	.	PUNCT
cblr-2872	780	1	reg	reg	PROPN
cblr-2872	780	2	.	.	PUNCT
cblr-2872	781	1	at	at	ADP
cblr-2872	781	2	23,743	23,743	NUM
cblr-2872	781	3	-	-	SYM
cblr-2872	781	4	44	44	NUM
cblr-2872	781	5	(	(	PUNCT
cblr-2872	781	6	defining	define	VERB
cblr-2872	781	7	"	"	PUNCT
cblr-2872	781	8	[	[	X
cblr-2872	781	9	flinancial	flinancial	ADJ
cblr-2872	781	10	entity	entity	NOUN
cblr-2872	781	11	"	"	PUNCT
cblr-2872	781	12	)	)	PUNCT
cblr-2872	781	13	.	.	PUNCT
cblr-2872	782	1	99	99	NUM
cblr-2872	782	2	see	see	VERB
cblr-2872	782	3	margin	margin	NOUN
cblr-2872	782	4	and	and	CCONJ
cblr-2872	782	5	capital	capital	NOUN
cblr-2872	782	6	requirements	requirement	NOUN
cblr-2872	782	7	for	for	ADP
cblr-2872	782	8	covered	cover	VERB
cblr-2872	782	9	swap	swap	NOUN
cblr-2872	782	10	entities	entity	NOUN
cblr-2872	782	11	,	,	PUNCT
cblr-2872	782	12	76	76	NUM
cblr-2872	782	13	fed	fed	PROPN
cblr-2872	782	14	.	.	PUNCT
cblr-2872	783	1	reg	reg	PROPN
cblr-2872	783	2	.	.	PUNCT
cblr-2872	784	1	at	at	ADP
cblr-2872	784	2	27,590	27,590	NUM
cblr-2872	784	3	-	-	SYM
cblr-2872	784	4	91	91	NUM
cblr-2872	784	5	;	;	PUNCT
cblr-2872	784	6	cftc	cftc	PROPN
cblr-2872	784	7	margin	margin	NOUN
cblr-2872	784	8	requirements	requirement	NOUN
cblr-2872	784	9	for	for	ADP
cblr-2872	784	10	uncleared	uncleared	ADJ
cblr-2872	784	11	swaps	swap	NOUN
cblr-2872	784	12	for	for	ADP
cblr-2872	784	13	swap	swap	NOUN
cblr-2872	784	14	dealers	dealer	NOUN
cblr-2872	784	15	and	and	CCONJ
cblr-2872	784	16	major	major	ADJ
cblr-2872	784	17	swap	swap	NOUN
cblr-2872	784	18	participants	participant	NOUN
cblr-2872	784	19	,	,	PUNCT
cblr-2872	784	20	76	76	NUM
cblr-2872	784	21	fed	fed	PROPN
cblr-2872	784	22	.	.	PUNCT
cblr-2872	785	1	reg	reg	PROPN
cblr-2872	785	2	.	.	PUNCT
cblr-2872	786	1	at	at	ADP
cblr-2872	786	2	23,748	23,748	NUM
cblr-2872	786	3	.	.	PUNCT
cblr-2872	786	4	100	100	NUM
cblr-2872	786	5	see	see	VERB
cblr-2872	786	6	margin	margin	NOUN
cblr-2872	786	7	and	and	CCONJ
cblr-2872	786	8	capital	capital	NOUN
cblr-2872	786	9	requirements	requirement	NOUN
cblr-2872	786	10	for	for	ADP
cblr-2872	786	11	covered	cover	VERB
cblr-2872	786	12	swap	swap	NOUN
cblr-2872	786	13	entities	entity	NOUN
cblr-2872	786	14	,	,	PUNCT
cblr-2872	786	15	76	76	NUM
cblr-2872	786	16	fed	fed	PROPN
cblr-2872	786	17	.	.	PUNCT
cblr-2872	787	1	reg	reg	PROPN
cblr-2872	787	2	.	.	PUNCT
cblr-2872	788	1	at	at	ADP
cblr-2872	788	2	27,588	27,588	NUM
cblr-2872	788	3	;	;	PUNCT
cblr-2872	788	4	cftc	cftc	PROPN
cblr-2872	788	5	margin	margin	NOUN
cblr-2872	788	6	requirements	requirement	NOUN
cblr-2872	788	7	for	for	ADP
cblr-2872	788	8	uncleared	uncleared	ADJ
cblr-2872	788	9	swaps	swap	NOUN
cblr-2872	788	10	for	for	ADP
cblr-2872	788	11	swap	swap	NOUN
cblr-2872	788	12	dealers	dealer	NOUN
cblr-2872	788	13	and	and	CCONJ
cblr-2872	788	14	major	major	ADJ
cblr-2872	788	15	swap	swap	NOUN
cblr-2872	788	16	participants	participant	NOUN
cblr-2872	788	17	,	,	PUNCT
cblr-2872	788	18	76	76	NUM
cblr-2872	788	19	fed	fed	PROPN
cblr-2872	788	20	.	.	PUNCT
cblr-2872	789	1	reg	reg	PROPN
cblr-2872	789	2	.	.	PUNCT
cblr-2872	790	1	at	at	ADP
cblr-2872	790	2	23,744	23,744	NUM
cblr-2872	790	3	.	.	PUNCT
cblr-2872	791	1	101	101	NUM
cblr-2872	791	2	see	see	VERB
cblr-2872	791	3	margin	margin	NOUN
cblr-2872	791	4	and	and	CCONJ
cblr-2872	791	5	capital	capital	NOUN
cblr-2872	791	6	requirements	requirement	NOUN
cblr-2872	791	7	for	for	ADP
cblr-2872	791	8	covered	cover	VERB
cblr-2872	791	9	swap	swap	NOUN
cblr-2872	791	10	entities	entity	NOUN
cblr-2872	791	11	,	,	PUNCT
cblr-2872	791	12	76	76	NUM
cblr-2872	791	13	fed	fed	PROPN
cblr-2872	791	14	.	.	PUNCT
cblr-2872	792	1	reg	reg	PROPN
cblr-2872	792	2	.	.	PUNCT
cblr-2872	793	1	at	at	ADP
cblr-2872	793	2	27,588	27,588	NUM
cblr-2872	793	3	.	.	PUNCT
cblr-2872	794	1	in	in	ADP
cblr-2872	794	2	order	order	NOUN
cblr-2872	794	3	to	to	PART
cblr-2872	794	4	qualify	qualify	VERB
cblr-2872	794	5	as	as	ADP
cblr-2872	794	6	a	a	DET
cblr-2872	794	7	"	"	PUNCT
cblr-2872	794	8	low	low	ADJ
cblr-2872	794	9	-	-	PUNCT
cblr-2872	794	10	risk	risk	NOUN
cblr-2872	794	11	financial	financial	ADJ
cblr-2872	794	12	end	end	NOUN
cblr-2872	794	13	user	user	NOUN
cblr-2872	794	14	,	,	PUNCT
cblr-2872	794	15	"	"	PUNCT
cblr-2872	794	16	a	a	DET
cblr-2872	794	17	financial	financial	ADJ
cblr-2872	794	18	counterparty	counterparty	NOUN
cblr-2872	794	19	must	must	AUX
cblr-2872	794	20	:	:	PUNCT
cblr-2872	794	21	*	*	VERB
cblr-2872	794	22	have	have	VERB
cblr-2872	794	23	swaps	swap	NOUN
cblr-2872	794	24	or	or	CCONJ
cblr-2872	794	25	security	security	NOUN
cblr-2872	794	26	-	-	PUNCT
cblr-2872	794	27	based	base	VERB
cblr-2872	794	28	swaps	swap	NOUN
cblr-2872	794	29	that	that	PRON
cblr-2872	794	30	fall	fall	VERB
cblr-2872	794	31	below	below	ADP
cblr-2872	794	32	a	a	DET
cblr-2872	794	33	specified	specified	ADJ
cblr-2872	794	34	"	"	PUNCT
cblr-2872	794	35	significant	significant	ADJ
cblr-2872	794	36	swaps	swap	NOUN
cblr-2872	794	37	exposure	exposure	NOUN
cblr-2872	794	38	"	"	PUNCT
cblr-2872	794	39	threshold	threshold	NOUN
cblr-2872	794	40	;	;	PUNCT
cblr-2872	794	41	*	*	PUNCT
cblr-2872	794	42	predominantly	predominantly	ADV
cblr-2872	794	43	use	use	VERB
cblr-2872	794	44	swaps	swap	NOUN
cblr-2872	794	45	to	to	PART
cblr-2872	794	46	hedge	hedge	VERB
cblr-2872	794	47	or	or	CCONJ
cblr-2872	794	48	mitigate	mitigate	VERB
cblr-2872	794	49	the	the	DET
cblr-2872	794	50	risks	risk	NOUN
cblr-2872	794	51	of	of	ADP
cblr-2872	794	52	its	its	PRON
cblr-2872	794	53	business	business	NOUN
cblr-2872	794	54	activities	activity	NOUN
cblr-2872	794	55	,	,	PUNCT
cblr-2872	794	56	including	include	VERB
cblr-2872	794	57	balance	balance	NOUN
cblr-2872	794	58	sheet	sheet	NOUN
cblr-2872	794	59	,	,	PUNCT
cblr-2872	794	60	interest	interest	NOUN
cblr-2872	794	61	rate	rate	NOUN
cblr-2872	794	62	,	,	PUNCT
cblr-2872	794	63	or	or	CCONJ
cblr-2872	794	64	other	other	ADJ
cblr-2872	794	65	risk	risk	NOUN
cblr-2872	794	66	arising	arise	VERB
cblr-2872	794	67	from	from	ADP
cblr-2872	794	68	the	the	DET
cblr-2872	794	69	business	business	NOUN
cblr-2872	794	70	of	of	ADP
cblr-2872	794	71	the	the	DET
cblr-2872	794	72	counterparty	counterparty	NOUN
cblr-2872	794	73	;	;	PUNCT
cblr-2872	794	74	and	and	CCONJ
cblr-2872	794	75	*	*	AUX
cblr-2872	794	76	be	be	AUX
cblr-2872	794	77	subject	subject	ADJ
cblr-2872	794	78	to	to	ADP
cblr-2872	794	79	capital	capital	NOUN
cblr-2872	794	80	requirements	requirement	NOUN
cblr-2872	794	81	established	establish	VERB
cblr-2872	794	82	by	by	ADP
cblr-2872	794	83	a	a	DET
cblr-2872	794	84	prudential	prudential	ADJ
cblr-2872	794	85	regulator	regulator	NOUN
cblr-2872	794	86	or	or	CCONJ
cblr-2872	794	87	state	state	NOUN
cblr-2872	794	88	insurance	insurance	NOUN
cblr-2872	794	89	regulator	regulator	NOUN
cblr-2872	794	90	.	.	PUNCT
cblr-2872	795	1	i	i	PRON
cblr-2872	795	2	d.	d.	PROPN
cblr-2872	795	3	at	at	ADP
cblr-2872	795	4	27,571	27,571	NUM
cblr-2872	795	5	.	.	PUNCT
cblr-2872	796	1	col	col	PROPN
cblr-2872	796	2	umbia	umbia	PROPN
cblr-2872	796	3	b	b	PROPN
cblr-2872	796	4	usiness	usiness	PROPN
cblr-2872	796	5	la	la	PROPN
cblr-2872	796	6	w	w	PROPN
cblr-2872	796	7	re	re	PROPN
cblr-2872	796	8	vie	vie	PROPN
cblr-2872	796	9	w	w	PROPN
cblr-2872	797	1	[	[	X
cblr-2872	797	2	vol	vol	NOUN
cblr-2872	797	3	.	.	PUNCT
cblr-2872	798	1	2013718	2013718	NUM
cblr-2872	798	2	participants	participant	NOUN
cblr-2872	798	3	to	to	PART
cblr-2872	798	4	collect	collect	VERB
cblr-2872	798	5	initial	initial	ADJ
cblr-2872	798	6	margin	margin	NOUN
cblr-2872	798	7	from	from	ADP
cblr-2872	798	8	certain	certain	ADJ
cblr-2872	798	9	commercial	commercial	ADJ
cblr-2872	798	10	entities	entity	NOUN
cblr-2872	798	11	that	that	PRON
cblr-2872	798	12	engage	engage	VERB
cblr-2872	798	13	in	in	ADP
cblr-2872	798	14	swaps	swap	NOUN
cblr-2872	798	15	to	to	PART
cblr-2872	798	16	hedge	hedge	VERB
cblr-2872	798	17	commercial	commercial	ADJ
cblr-2872	798	18	risk.102	risk.102	ADP
cblr-2872	798	19	the	the	DET
cblr-2872	798	20	following	follow	VERB
cblr-2872	798	21	table	table	NOUN
cblr-2872	798	22	summarizes	summarize	VERB
cblr-2872	798	23	the	the	DET
cblr-2872	798	24	differences	difference	NOUN
cblr-2872	798	25	among	among	ADP
cblr-2872	798	26	the	the	DET
cblr-2872	798	27	initial	initial	ADJ
cblr-2872	798	28	margin	margin	NOUN
cblr-2872	798	29	requirements	requirement	NOUN
cblr-2872	798	30	for	for	ADP
cblr-2872	798	31	futures	future	NOUN
cblr-2872	798	32	,	,	PUNCT
cblr-2872	798	33	cleared	clear	VERB
cblr-2872	798	34	swaps	swap	NOUN
cblr-2872	798	35	,	,	PUNCT
cblr-2872	798	36	and	and	CCONJ
cblr-2872	798	37	uncleared	uncleared	ADJ
cblr-2872	798	38	swaps	swap	NOUN
cblr-2872	798	39	:	:	PUNCT
cblr-2872	798	40	figure	figure	VERB
cblr-2872	798	41	7	7	NUM
cblr-2872	798	42	:	:	PUNCT
cblr-2872	798	43	comparison	comparison	NOUN
cblr-2872	798	44	of	of	ADP
cblr-2872	798	45	liquidation	liquidation	NOUN
cblr-2872	798	46	time	time	NOUN
cblr-2872	798	47	periods	period	NOUN
cblr-2872	798	48	for	for	ADP
cblr-2872	798	49	initial	initial	ADJ
cblr-2872	798	50	margin	margin	NOUN
cblr-2872	798	51	calculation	calculation	NOUN
cblr-2872	798	52	for	for	ADP
cblr-2872	798	53	futures	future	NOUN
cblr-2872	798	54	,	,	PUNCT
cblr-2872	798	55	cleared	clear	VERB
cblr-2872	798	56	swaps	swap	NOUN
cblr-2872	798	57	,	,	PUNCT
cblr-2872	798	58	and	and	CCONJ
cblr-2872	798	59	uncleared	uncleared	ADJ
cblr-2872	798	60	swaps	swap	NOUN
cblr-2872	798	61	futures	future	NOUN
cblr-2872	798	62	cleared	clear	VERB
cblr-2872	798	63	swaps	swap	NOUN
cblr-2872	798	64	uncleared	uncleared	ADJ
cblr-2872	798	65	swaps	swap	NOUN
cblr-2872	798	66	liquidation	liquidation	NOUN
cblr-2872	798	67	1	1	NUM
cblr-2872	798	68	day	day	NOUN
cblr-2872	798	69	1	1	NUM
cblr-2872	798	70	day	day	NOUN
cblr-2872	798	71	for	for	ADP
cblr-2872	798	72	10	10	NUM
cblr-2872	798	73	days	day	NOUN
cblr-2872	798	74	time	time	NOUN
cblr-2872	798	75	agricultural	agricultural	ADJ
cblr-2872	798	76	,	,	PUNCT
cblr-2872	798	77	(	(	PUNCT
cblr-2872	798	78	exceptions	exception	NOUN
cblr-2872	798	79	for	for	ADP
cblr-2872	798	80	period	period	NOUN
cblr-2872	798	81	metals	metal	NOUN
cblr-2872	798	82	and	and	CCONJ
cblr-2872	798	83	energy	energy	NOUN
cblr-2872	798	84	commercial	commercial	ADJ
cblr-2872	798	85	end	end	NOUN
cblr-2872	798	86	swaps	swap	NOUN
cblr-2872	798	87	;	;	PUNCT
cblr-2872	798	88	5	5	NUM
cblr-2872	798	89	days	day	NOUN
cblr-2872	798	90	for	for	ADP
cblr-2872	798	91	users	user	NOUN
cblr-2872	798	92	)	)	PUNCT
cblr-2872	798	93	all	all	DET
cblr-2872	798	94	other	other	ADJ
cblr-2872	798	95	swaps	swap	NOUN
cblr-2872	798	96	parties	party	NOUN
cblr-2872	798	97	both	both	CCONJ
cblr-2872	798	98	both	both	CCONJ
cblr-2872	798	99	only	only	ADV
cblr-2872	798	100	financial	financial	ADJ
cblr-2872	798	101	required	require	VERB
cblr-2872	798	102	to	to	ADP
cblr-2872	798	103	counterparties	counterpartie	NOUN
cblr-2872	798	104	counterparties	counterpartie	NOUN
cblr-2872	798	105	counterparties	counterpartie	NOUN
cblr-2872	798	106	post	post	NOUN
cblr-2872	798	107	(	(	PUNCT
cblr-2872	798	108	including	include	VERB
cblr-2872	798	109	other	other	ADJ
cblr-2872	798	110	margin	margin	NOUN
cblr-2872	798	111	swap	swap	NOUN
cblr-2872	798	112	dealers	dealer	NOUN
cblr-2872	798	113	and	and	CCONJ
cblr-2872	798	114	major	major	ADJ
cblr-2872	798	115	swap	swap	NOUN
cblr-2872	798	116	participants	participant	NOUN
cblr-2872	798	117	)	)	PUNCT
cblr-2872	798	118	to	to	ADP
cblr-2872	798	119	a	a	DET
cblr-2872	798	120	swap	swap	NOUN
cblr-2872	798	121	dealer	dealer	NOUN
cblr-2872	798	122	/	/	SYM
cblr-2872	798	123	major	major	ADJ
cblr-2872	798	124	swap	swap	NOUN
cblr-2872	798	125	participant	participant	NOUN
cblr-2872	798	126	102	102	NUM
cblr-2872	798	127	see	see	VERB
cblr-2872	798	128	cftc	cftc	PROPN
cblr-2872	798	129	margin	margin	NOUN
cblr-2872	798	130	requirements	requirement	NOUN
cblr-2872	798	131	for	for	ADP
cblr-2872	798	132	uncleared	uncleared	ADJ
cblr-2872	798	133	swaps	swap	NOUN
cblr-2872	798	134	for	for	ADP
cblr-2872	798	135	swap	swap	NOUN
cblr-2872	798	136	dealers	dealer	NOUN
cblr-2872	798	137	and	and	CCONJ
cblr-2872	798	138	major	major	ADJ
cblr-2872	798	139	swap	swap	NOUN
cblr-2872	798	140	participants	participant	NOUN
cblr-2872	798	141	,	,	PUNCT
cblr-2872	798	142	76	76	NUM
cblr-2872	798	143	fed	fed	PROPN
cblr-2872	798	144	.	.	PUNCT
cblr-2872	799	1	reg	reg	PROPN
cblr-2872	799	2	.	.	PUNCT
cblr-2872	800	1	at	at	ADP
cblr-2872	800	2	23,745	23,745	NUM
cblr-2872	800	3	(	(	PUNCT
cblr-2872	800	4	limiting	limit	VERB
cblr-2872	800	5	margin	margin	NOUN
cblr-2872	800	6	requirements	requirement	NOUN
cblr-2872	800	7	for	for	ADP
cblr-2872	800	8	a	a	DET
cblr-2872	800	9	non	non	ADJ
cblr-2872	800	10	-	-	ADJ
cblr-2872	800	11	financial	financial	ADJ
cblr-2872	800	12	entity	entity	NOUN
cblr-2872	800	13	to	to	ADP
cblr-2872	800	14	those	those	DET
cblr-2872	800	15	terms	term	NOUN
cblr-2872	800	16	established	establish	VERB
cblr-2872	800	17	in	in	ADP
cblr-2872	800	18	a	a	DET
cblr-2872	800	19	required	require	VERB
cblr-2872	800	20	credit	credit	NOUN
cblr-2872	800	21	support	support	NOUN
cblr-2872	800	22	arrangement	arrangement	NOUN
cblr-2872	800	23	.	.	PUNCT
cblr-2872	801	1	swap	swap	NOUN
cblr-2872	801	2	dealers	dealer	NOUN
cblr-2872	801	3	and	and	CCONJ
cblr-2872	801	4	major	major	ADJ
cblr-2872	801	5	swap	swap	NOUN
cblr-2872	801	6	participants	participant	NOUN
cblr-2872	801	7	need	need	VERB
cblr-2872	801	8	these	these	DET
cblr-2872	801	9	arrangements	arrangement	NOUN
cblr-2872	801	10	to	to	PART
cblr-2872	801	11	engage	engage	VERB
cblr-2872	801	12	in	in	ADP
cblr-2872	801	13	uncleared	uncleared	ADJ
cblr-2872	801	14	swaps	swap	NOUN
cblr-2872	801	15	,	,	PUNCT
cblr-2872	801	16	and	and	CCONJ
cblr-2872	801	17	these	these	DET
cblr-2872	801	18	arrangements	arrangement	NOUN
cblr-2872	801	19	may	may	AUX
cblr-2872	801	20	account	account	VERB
cblr-2872	801	21	for	for	ADP
cblr-2872	801	22	any	any	DET
cblr-2872	801	23	thresholds	threshold	NOUN
cblr-2872	801	24	below	below	ADP
cblr-2872	801	25	which	which	PRON
cblr-2872	801	26	a	a	DET
cblr-2872	801	27	party	party	NOUN
cblr-2872	801	28	need	need	AUX
cblr-2872	801	29	not	not	PART
cblr-2872	801	30	post	post	VERB
cblr-2872	801	31	initial	initial	ADJ
cblr-2872	801	32	or	or	CCONJ
cblr-2872	801	33	variation	variation	NOUN
cblr-2872	801	34	margin	margin	NOUN
cblr-2872	801	35	.	.	PUNCT
cblr-2872	801	36	)	)	PUNCT
cblr-2872	801	37	;	;	PUNCT
cblr-2872	801	38	see	see	VERB
cblr-2872	801	39	also	also	ADV
cblr-2872	801	40	margin	margin	NOUN
cblr-2872	801	41	and	and	CCONJ
cblr-2872	801	42	capital	capital	NOUN
cblr-2872	801	43	requirements	requirement	NOUN
cblr-2872	801	44	for	for	ADP
cblr-2872	801	45	covered	cover	VERB
cblr-2872	801	46	swap	swap	NOUN
cblr-2872	801	47	entities	entity	NOUN
cblr-2872	801	48	,	,	PUNCT
cblr-2872	801	49	76	76	NUM
cblr-2872	801	50	fed	fed	PROPN
cblr-2872	801	51	.	.	PUNCT
cblr-2872	802	1	reg	reg	PROPN
cblr-2872	802	2	.	.	PUNCT
cblr-2872	803	1	at	at	ADP
cblr-2872	803	2	27,569	27,569	NUM
cblr-2872	803	3	-	-	SYM
cblr-2872	803	4	70	70	NUM
cblr-2872	803	5	(	(	PUNCT
cblr-2872	803	6	explaining	explain	VERB
cblr-2872	803	7	that	that	SCONJ
cblr-2872	803	8	although	although	SCONJ
cblr-2872	803	9	dodd	dodd	PROPN
cblr-2872	803	10	-	-	PUNCT
cblr-2872	803	11	frank	frank	PROPN
cblr-2872	803	12	's	's	PART
cblr-2872	803	13	plain	plain	ADJ
cblr-2872	803	14	language	language	NOUN
cblr-2872	803	15	requires	require	VERB
cblr-2872	803	16	agencies	agency	NOUN
cblr-2872	803	17	to	to	PART
cblr-2872	803	18	establish	establish	VERB
cblr-2872	803	19	margin	margin	NOUN
cblr-2872	803	20	requirements	requirement	NOUN
cblr-2872	803	21	for	for	ADP
cblr-2872	803	22	all	all	DET
cblr-2872	803	23	uncleared	uncleared	ADJ
cblr-2872	803	24	derivatives	derivative	NOUN
cblr-2872	803	25	,	,	PUNCT
cblr-2872	803	26	because	because	SCONJ
cblr-2872	803	27	margin	margin	NOUN
cblr-2872	803	28	requirements	requirement	NOUN
cblr-2872	803	29	must	must	AUX
cblr-2872	803	30	be	be	AUX
cblr-2872	803	31	formulated	formulate	VERB
cblr-2872	803	32	using	use	VERB
cblr-2872	803	33	a	a	DET
cblr-2872	803	34	risk	risk	NOUN
cblr-2872	803	35	-	-	PUNCT
cblr-2872	803	36	based	base	VERB
cblr-2872	803	37	approach	approach	NOUN
cblr-2872	803	38	,	,	PUNCT
cblr-2872	803	39	swap	swap	NOUN
cblr-2872	803	40	dealers	dealer	NOUN
cblr-2872	803	41	and	and	CCONJ
cblr-2872	803	42	major	major	ADJ
cblr-2872	803	43	swap	swap	NOUN
cblr-2872	803	44	participants	participant	NOUN
cblr-2872	803	45	required	require	VERB
cblr-2872	803	46	to	to	PART
cblr-2872	803	47	collect	collect	VERB
cblr-2872	803	48	initial	initial	ADJ
cblr-2872	803	49	and	and	CCONJ
cblr-2872	803	50	variation	variation	NOUN
cblr-2872	803	51	margin	margin	NOUN
cblr-2872	803	52	may	may	AUX
cblr-2872	803	53	effectively	effectively	ADV
cblr-2872	803	54	exclude	exclude	VERB
cblr-2872	803	55	non	non	ADJ
cblr-2872	803	56	-	-	ADJ
cblr-2872	803	57	financial	financial	ADJ
cblr-2872	803	58	end	end	NOUN
cblr-2872	803	59	users	user	NOUN
cblr-2872	803	60	from	from	ADP
cblr-2872	803	61	the	the	DET
cblr-2872	803	62	requirement	requirement	NOUN
cblr-2872	803	63	to	to	PART
cblr-2872	803	64	post	post	VERB
cblr-2872	803	65	initial	initial	ADJ
cblr-2872	803	66	and	and	CCONJ
cblr-2872	803	67	variation	variation	NOUN
cblr-2872	803	68	margin	margin	NOUN
cblr-2872	803	69	.	.	PUNCT
cblr-2872	804	1	this	this	DET
cblr-2872	804	2	exclusion	exclusion	NOUN
cblr-2872	804	3	can	can	AUX
cblr-2872	804	4	be	be	AUX
cblr-2872	804	5	achieved	achieve	VERB
cblr-2872	804	6	by	by	ADP
cblr-2872	804	7	establishing	establish	VERB
cblr-2872	804	8	thresholds	threshold	NOUN
cblr-2872	804	9	below	below	ADP
cblr-2872	804	10	which	which	DET
cblr-2872	804	11	margin	margin	NOUN
cblr-2872	804	12	need	need	AUX
cblr-2872	804	13	not	not	PART
cblr-2872	804	14	be	be	AUX
cblr-2872	804	15	posted	post	VERB
cblr-2872	804	16	or	or	CCONJ
cblr-2872	804	17	collected	collect	VERB
cblr-2872	804	18	.	.	PUNCT
cblr-2872	805	1	such	such	DET
cblr-2872	805	2	a	a	DET
cblr-2872	805	3	limit	limit	NOUN
cblr-2872	805	4	would	would	AUX
cblr-2872	805	5	likely	likely	ADV
cblr-2872	805	6	exempt	exempt	VERB
cblr-2872	805	7	many	many	ADJ
cblr-2872	805	8	commercial	commercial	ADJ
cblr-2872	805	9	end	end	NOUN
cblr-2872	805	10	users	user	NOUN
cblr-2872	805	11	from	from	ADP
cblr-2872	805	12	these	these	DET
cblr-2872	805	13	proposed	propose	VERB
cblr-2872	805	14	margin	margin	NOUN
cblr-2872	805	15	requirements	requirement	NOUN
cblr-2872	805	16	)	)	PUNCT
cblr-2872	805	17	.	.	PUNCT
cblr-2872	806	1	no	no	INTJ
cblr-2872	806	2	.	.	PUNCT
cblr-2872	807	1	3:667	3:667	NUM
cblr-2872	807	2	]	]	PUNCT
cblr-2872	807	3	regulation	regulation	NOUN
cblr-2872	807	4	through	through	ADP
cblr-2872	807	5	substitution	substitution	NOUN
cblr-2872	807	6	719	719	NUM
cblr-2872	807	7	columbia	columbia	PROPN
cblr-2872	807	8	business	business	NOUN
cblr-2872	807	9	law	law	PROPN
cblr-2872	807	10	review	review	NOUN
cblr-2872	807	11	2	2	NUM
cblr-2872	807	12	.	.	PUNCT
cblr-2872	808	1	futurization	futurization	NOUN
cblr-2872	808	2	implications	implication	VERB
cblr-2872	808	3	the	the	DET
cblr-2872	808	4	dodd	dodd	PROPN
cblr-2872	808	5	-	-	PUNCT
cblr-2872	808	6	frank	frank	PROPN
cblr-2872	808	7	act	act	PROPN
cblr-2872	808	8	's	's	PART
cblr-2872	808	9	initial	initial	ADJ
cblr-2872	808	10	margin	margin	NOUN
cblr-2872	808	11	requirement	requirement	NOUN
cblr-2872	808	12	for	for	ADP
cblr-2872	808	13	swaps	swap	NOUN
cblr-2872	808	14	reflects	reflect	VERB
cblr-2872	808	15	a	a	DET
cblr-2872	808	16	policy	policy	NOUN
cblr-2872	808	17	judgment	judgment	NOUN
cblr-2872	808	18	that	that	SCONJ
cblr-2872	808	19	market	market	NOUN
cblr-2872	808	20	participants	participant	NOUN
cblr-2872	808	21	were	be	AUX
cblr-2872	808	22	not	not	PART
cblr-2872	808	23	properly	properly	ADV
cblr-2872	808	24	protecting	protect	VERB
cblr-2872	808	25	themselves	themselves	PRON
cblr-2872	808	26	or	or	CCONJ
cblr-2872	808	27	the	the	DET
cblr-2872	808	28	economy	economy	NOUN
cblr-2872	808	29	from	from	ADP
cblr-2872	808	30	the	the	DET
cblr-2872	808	31	swaps	swap	NOUN
cblr-2872	808	32	'	'	PART
cblr-2872	808	33	inherent	inherent	ADJ
cblr-2872	808	34	risks	risk	NOUN
cblr-2872	808	35	.	.	PUNCT
cblr-2872	809	1	these	these	DET
cblr-2872	809	2	margin	margin	NOUN
cblr-2872	809	3	requirements	requirement	NOUN
cblr-2872	809	4	increase	increase	VERB
cblr-2872	809	5	the	the	DET
cblr-2872	809	6	absolute	absolute	ADJ
cblr-2872	809	7	cost	cost	NOUN
cblr-2872	809	8	of	of	ADP
cblr-2872	809	9	swaps	swap	NOUN
cblr-2872	809	10	for	for	ADP
cblr-2872	809	11	most	most	ADJ
cblr-2872	809	12	market	market	NOUN
cblr-2872	809	13	participants	participant	NOUN
cblr-2872	809	14	.	.	PUNCT
cblr-2872	810	1	moreover	moreover	ADV
cblr-2872	810	2	,	,	PUNCT
cblr-2872	810	3	except	except	SCONJ
cblr-2872	810	4	for	for	ADP
cblr-2872	810	5	certain	certain	ADJ
cblr-2872	810	6	types	type	NOUN
cblr-2872	810	7	of	of	ADP
cblr-2872	810	8	cleared	clear	VERB
cblr-2872	810	9	swaps	swap	NOUN
cblr-2872	810	10	,	,	PUNCT
cblr-2872	810	11	the	the	DET
cblr-2872	810	12	relative	relative	ADJ
cblr-2872	810	13	cost	cost	NOUN
cblr-2872	810	14	of	of	ADP
cblr-2872	810	15	margin	margin	NOUN
cblr-2872	810	16	for	for	ADP
cblr-2872	810	17	swaps	swap	NOUN
cblr-2872	810	18	will	will	AUX
cblr-2872	810	19	be	be	AUX
cblr-2872	810	20	higher	high	ADJ
cblr-2872	810	21	than	than	ADP
cblr-2872	810	22	the	the	DET
cblr-2872	810	23	cost	cost	NOUN
cblr-2872	810	24	of	of	ADP
cblr-2872	810	25	margin	margin	NOUN
cblr-2872	810	26	for	for	ADP
cblr-2872	810	27	futures	future	NOUN
cblr-2872	810	28	,	,	PUNCT
cblr-2872	810	29	including	include	VERB
cblr-2872	810	30	where	where	SCONJ
cblr-2872	810	31	an	an	DET
cblr-2872	810	32	economically	economically	ADV
cblr-2872	810	33	identical	identical	ADJ
cblr-2872	810	34	futures	future	NOUN
cblr-2872	810	35	contract	contract	NOUN
cblr-2872	810	36	is	be	AUX
cblr-2872	810	37	available	available	ADJ
cblr-2872	810	38	.	.	PUNCT
cblr-2872	811	1	as	as	SCONJ
cblr-2872	811	2	shown	show	VERB
cblr-2872	811	3	in	in	ADP
cblr-2872	811	4	the	the	DET
cblr-2872	811	5	following	follow	VERB
cblr-2872	811	6	graph	graph	NOUN
cblr-2872	811	7	,	,	PUNCT
cblr-2872	811	8	the	the	DET
cblr-2872	811	9	overall	overall	ADJ
cblr-2872	811	10	result	result	NOUN
cblr-2872	811	11	of	of	ADP
cblr-2872	811	12	the	the	DET
cblr-2872	811	13	margin	margin	NOUN
cblr-2872	811	14	requirements	requirement	NOUN
cblr-2872	811	15	is	be	AUX
cblr-2872	811	16	futurization	futurization	NOUN
cblr-2872	811	17	of	of	ADP
cblr-2872	811	18	cleared	clear	VERB
cblr-2872	811	19	swaps	swap	NOUN
cblr-2872	811	20	for	for	ADP
cblr-2872	811	21	which	which	PRON
cblr-2872	811	22	margin	margin	NOUN
cblr-2872	811	23	requirements	requirement	NOUN
cblr-2872	811	24	are	be	AUX
cblr-2872	811	25	higher	high	ADJ
cblr-2872	811	26	than	than	ADP
cblr-2872	811	27	for	for	ADP
cblr-2872	811	28	the	the	DET
cblr-2872	811	29	equivalent	equivalent	ADJ
cblr-2872	811	30	futures	future	NOUN
cblr-2872	811	31	contract	contract	NOUN
cblr-2872	811	32	.	.	PUNCT
cblr-2872	812	1	for	for	ADP
cblr-2872	812	2	some	some	DET
cblr-2872	812	3	market	market	NOUN
cblr-2872	812	4	participants	participant	NOUN
cblr-2872	812	5	,	,	PUNCT
cblr-2872	812	6	there	there	PRON
cblr-2872	812	7	will	will	AUX
cblr-2872	812	8	be	be	AUX
cblr-2872	812	9	no	no	DET
cblr-2872	812	10	futurization	futurization	NOUN
cblr-2872	812	11	effect	effect	NOUN
cblr-2872	812	12	.	.	PUNCT
cblr-2872	813	1	commercial	commercial	ADJ
cblr-2872	813	2	end	end	NOUN
cblr-2872	813	3	users	user	NOUN
cblr-2872	813	4	and	and	CCONJ
cblr-2872	813	5	,	,	PUNCT
cblr-2872	813	6	to	to	ADP
cblr-2872	813	7	a	a	DET
cblr-2872	813	8	more	more	ADV
cblr-2872	813	9	limited	limited	ADJ
cblr-2872	813	10	extent	extent	NOUN
cblr-2872	813	11	,	,	PUNCT
cblr-2872	813	12	low	low	ADJ
cblr-2872	813	13	-	-	PUNCT
cblr-2872	813	14	risk	risk	NOUN
cblr-2872	813	15	financial	financial	ADJ
cblr-2872	813	16	end	end	NOUN
cblr-2872	813	17	users	user	NOUN
cblr-2872	813	18	may	may	AUX
cblr-2872	813	19	be	be	AUX
cblr-2872	813	20	subject	subject	ADJ
cblr-2872	813	21	to	to	ADP
cblr-2872	813	22	uncleared	uncleared	ADJ
cblr-2872	813	23	swap	swap	NOUN
cblr-2872	813	24	margin	margin	NOUN
cblr-2872	813	25	requirements	requirement	NOUN
cblr-2872	813	26	below	below	ADP
cblr-2872	813	27	pre	pre	ADJ
cblr-2872	813	28	-	-	PROPN
cblr-2872	813	29	dodd	dodd	ADJ
cblr-2872	813	30	-	-	PUNCT
cblr-2872	813	31	frank	frank	ADJ
cblr-2872	813	32	levels	level	NOUN
cblr-2872	813	33	(	(	PUNCT
cblr-2872	813	34	or	or	CCONJ
cblr-2872	813	35	even	even	ADV
cblr-2872	813	36	exempt	exempt	ADJ
cblr-2872	813	37	from	from	ADP
cblr-2872	813	38	such	such	ADJ
cblr-2872	813	39	requirements	requirement	NOUN
cblr-2872	813	40	altogether	altogether	ADV
cblr-2872	813	41	)	)	PUNCT
cblr-2872	813	42	.	.	PUNCT
cblr-2872	814	1	because	because	SCONJ
cblr-2872	814	2	costs	cost	NOUN
cblr-2872	814	3	for	for	ADP
cblr-2872	814	4	these	these	DET
cblr-2872	814	5	market	market	NOUN
cblr-2872	814	6	participants	participant	NOUN
cblr-2872	814	7	would	would	AUX
cblr-2872	814	8	either	either	CCONJ
cblr-2872	814	9	remain	remain	VERB
cblr-2872	814	10	the	the	DET
cblr-2872	814	11	same	same	ADJ
cblr-2872	814	12	or	or	CCONJ
cblr-2872	814	13	decrease	decrease	NOUN
cblr-2872	814	14	,	,	PUNCT
cblr-2872	814	15	they	they	PRON
cblr-2872	814	16	have	have	VERB
cblr-2872	814	17	no	no	DET
cblr-2872	814	18	reason	reason	NOUN
cblr-2872	814	19	to	to	PART
cblr-2872	814	20	follow	follow	VERB
cblr-2872	814	21	the	the	DET
cblr-2872	814	22	trend	trend	NOUN
cblr-2872	814	23	towards	towards	ADP
cblr-2872	814	24	futurization	futurization	NOUN
cblr-2872	814	25	spurred	spur	VERB
cblr-2872	814	26	by	by	ADP
cblr-2872	814	27	the	the	DET
cblr-2872	814	28	swap	swap	NOUN
cblr-2872	814	29	margin	margin	NOUN
cblr-2872	814	30	rules	rule	NOUN
cblr-2872	814	31	.	.	PUNCT
cblr-2872	815	1	from	from	ADP
cblr-2872	815	2	a	a	DET
cblr-2872	815	3	policy	policy	NOUN
cblr-2872	815	4	perspective	perspective	NOUN
cblr-2872	815	5	,	,	PUNCT
cblr-2872	815	6	this	this	DET
cblr-2872	815	7	result	result	NOUN
cblr-2872	815	8	is	be	AUX
cblr-2872	815	9	counterintuitive	counterintuitive	ADJ
cblr-2872	815	10	since	since	ADV
cblr-2872	815	11	,	,	PUNCT
cblr-2872	815	12	historically	historically	ADV
cblr-2872	815	13	,	,	PUNCT
cblr-2872	815	14	swap	swap	NOUN
cblr-2872	815	15	markets	market	NOUN
cblr-2872	815	16	were	be	AUX
cblr-2872	815	17	viewed	view	VERB
cblr-2872	815	18	as	as	ADP
cblr-2872	815	19	more	more	ADV
cblr-2872	815	20	appropriate	appropriate	ADJ
cblr-2872	815	21	for	for	ADP
cblr-2872	815	22	sophisticated	sophisticated	ADJ
cblr-2872	815	23	market	market	NOUN
cblr-2872	815	24	participants	participant	NOUN
cblr-2872	815	25	best	well	ADV
cblr-2872	815	26	able	able	ADJ
cblr-2872	815	27	to	to	PART
cblr-2872	815	28	understand	understand	VERB
cblr-2872	815	29	the	the	DET
cblr-2872	815	30	risks	risk	NOUN
cblr-2872	815	31	associated	associate	VERB
cblr-2872	815	32	with	with	ADP
cblr-2872	815	33	swaps	swap	NOUN
cblr-2872	815	34	.	.	PUNCT
cblr-2872	816	1	720	720	NUM
cblr-2872	817	1	[	[	NOUN
cblr-2872	817	2	vol	vol	NOUN
cblr-2872	817	3	.	.	PUNCT
cblr-2872	817	4	2013	2013	NUM
cblr-2872	817	5	figure	figure	NOUN
cblr-2872	817	6	8	8	NUM
cblr-2872	817	7	:	:	PUNCT
cblr-2872	817	8	the	the	DET
cblr-2872	817	9	futurization	futurization	NOUN
cblr-2872	817	10	effects	effect	NOUN
cblr-2872	817	11	of	of	ADP
cblr-2872	817	12	swap	swap	NOUN
cblr-2872	817	13	margin	margin	NOUN
cblr-2872	817	14	rules	rule	VERB
cblr-2872	817	15	no	no	DET
cblr-2872	817	16	change	change	NOUN
cblr-2872	817	17	to	to	ADP
cblr-2872	817	18	cost	cost	NOUN
cblr-2872	817	19	of	of	ADP
cblr-2872	817	20	swaps	swap	NOUN
cblr-2872	817	21	to	to	ADP
cblr-2872	817	22	conunercial	conunercial	ADJ
cblr-2872	817	23	end	end	NOUN
cblr-2872	817	24	-	-	PUNCT
cblr-2872	817	25	users	user	NOUN
cblr-2872	817	26	as	as	ADP
cblr-2872	817	27	a	a	DET
cblr-2872	817	28	resu	resu	PROPN
cblr-2872	817	29	t	t	PROPN
cblr-2872	817	30	of	of	ADP
cblr-2872	817	31	dodd	dodd	PROPN
cblr-2872	817	32	-	-	PUNCT
cblr-2872	817	33	frank	frank	ADJ
cblr-2872	817	34	margin	margin	NOUN
cblr-2872	817	35	regulations	regulation	NOUN
cblr-2872	817	36	increased	increase	VERB
cblr-2872	817	37	cost	cost	NOUN
cblr-2872	817	38	of	of	ADP
cblr-2872	817	39	swaps	swap	NOUN
cblr-2872	817	40	to	to	ADP
cblr-2872	817	41	financial	financial	ADJ
cblr-2872	817	42	institutions	institution	NOUN
cblr-2872	817	43	as	as	ADP
cblr-2872	817	44	a	a	DET
cblr-2872	817	45	result	result	NOUN
cblr-2872	817	46	of	of	ADP
cblr-2872	817	47	dodd	dodd	PROPN
cblr-2872	817	48	-	-	PUNCT
cblr-2872	817	49	frank	frank	ADJ
cblr-2872	817	50	margin	margin	NOUN
cblr-2872	817	51	regulations	regulation	NOUN
cblr-2872	817	52	no	no	DET
cblr-2872	817	53	trnstions	trnstion	NOUN
cblr-2872	817	54	swaps	swap	VERB
cblr-2872	817	55	both	both	DET
cblr-2872	817	56	pro.nd	pro.nd	PROPN
cblr-2872	817	57	fotro	fotro	NOUN
cblr-2872	817	58	.	.	PUNCT
cblr-2872	818	1	both	both	DET
cblr-2872	818	2	pre.d	pre.d	PRON
cblr-2872	818	3	swap	swap	NOUN
cblr-2872	818	4	.	.	PUNCT
cblr-2872	819	1	pre	pre	ADJ
cblr-2872	819	2	-	-	ADJ
cblr-2872	819	3	lidd	lidd	NOUN
cblr-2872	819	4	-	-	PUNCT
cblr-2872	819	5	fraok	fraok	NOUN
cblr-2872	819	6	,	,	PUNCT
cblr-2872	819	7	post	post	ADJ
cblr-2872	819	8	-	-	ADJ
cblr-2872	819	9	dodd	dodd	ADJ
cblr-2872	819	10	-	-	PUNCT
cblr-2872	819	11	frank	frank	ADJ
cblr-2872	819	12	post	post	PROPN
cblr-2872	819	13	-	-	ADJ
cblr-2872	819	14	dodd	dodd	ADJ
cblr-2872	819	15	-	-	PUNCT
cblr-2872	819	16	frank	frank	PROPN
cblr-2872	819	17	trsoacted	trsoacted	ADJ
cblr-2872	819	18	post	post	NOUN
cblr-2872	819	19	-	-	ADJ
cblr-2872	819	20	dodd	dodd	NOUN
cblr-2872	819	21	-	-	PUNCT
cblr-2872	819	22	fr	fr	PROPN
cblr-2872	819	23	..	..	PUNCT
cblr-2872	819	24	...	...	PUNCT
cblr-2872	819	25	...	...	PUNCT
cblr-2872	819	26	.	.	PUNCT
cblr-2872	820	1	......	......	PUNCT
cblr-2872	821	1	i	i	PRON
cblr-2872	821	2	i	i	PRON
cblr-2872	822	1	i	i	PROPN
cblr-2872	822	2	b.	b.	PROPN
cblr-2872	822	3	protection	protection	NOUN
cblr-2872	822	4	of	of	ADP
cblr-2872	822	5	cleared	clear	VERB
cblr-2872	822	6	customer	customer	NOUN
cblr-2872	822	7	collateral	collateral	VERB
cblr-2872	822	8	a	a	DET
cblr-2872	822	9	market	market	NOUN
cblr-2872	822	10	participant	participant	NOUN
cblr-2872	822	11	must	must	AUX
cblr-2872	822	12	be	be	AUX
cblr-2872	822	13	a	a	DET
cblr-2872	822	14	"	"	PUNCT
cblr-2872	822	15	member	member	NOUN
cblr-2872	822	16	"	"	PUNCT
cblr-2872	822	17	to	to	PART
cblr-2872	822	18	clear	clear	VERB
cblr-2872	822	19	a	a	DET
cblr-2872	822	20	futures	future	NOUN
cblr-2872	822	21	or	or	CCONJ
cblr-2872	822	22	swap	swap	NOUN
cblr-2872	822	23	transaction	transaction	NOUN
cblr-2872	822	24	at	at	ADP
cblr-2872	822	25	a	a	DET
cblr-2872	822	26	clearinghouse	clearinghouse	NOUN
cblr-2872	822	27	.	.	PUNCT
cblr-2872	823	1	to	to	PART
cblr-2872	823	2	be	be	AUX
cblr-2872	823	3	admitted	admit	VERB
cblr-2872	823	4	as	as	ADP
cblr-2872	823	5	a	a	DET
cblr-2872	823	6	clearinghouse	clearinghouse	NOUN
cblr-2872	823	7	member	member	NOUN
cblr-2872	823	8	,	,	PUNCT
cblr-2872	823	9	a	a	DET
cblr-2872	823	10	market	market	NOUN
cblr-2872	823	11	participant	participant	NOUN
cblr-2872	823	12	must	must	AUX
cblr-2872	823	13	meet	meet	VERB
cblr-2872	823	14	strict	strict	ADJ
cblr-2872	823	15	capitalization	capitalization	NOUN
cblr-2872	823	16	and	and	CCONJ
cblr-2872	823	17	operational	operational	ADJ
cblr-2872	823	18	requirements	requirement	NOUN
cblr-2872	823	19	,	,	PUNCT
cblr-2872	823	20	agree	agree	VERB
cblr-2872	823	21	to	to	PART
cblr-2872	823	22	contribute	contribute	VERB
cblr-2872	823	23	to	to	ADP
cblr-2872	823	24	the	the	DET
cblr-2872	823	25	guarantee	guarantee	NOUN
cblr-2872	823	26	fund	fund	NOUN
cblr-2872	823	27	,	,	PUNCT
cblr-2872	823	28	and	and	CCONJ
cblr-2872	823	29	,	,	PUNCT
cblr-2872	823	30	in	in	ADP
cblr-2872	823	31	certain	certain	ADJ
cblr-2872	823	32	circumstances	circumstance	NOUN
cblr-2872	823	33	,	,	PUNCT
cblr-2872	823	34	agree	agree	VERB
cblr-2872	823	35	to	to	PART
cblr-2872	823	36	take	take	VERB
cblr-2872	823	37	on	on	ADP
cblr-2872	823	38	client	client	NOUN
cblr-2872	823	39	positions	position	NOUN
cblr-2872	823	40	of	of	ADP
cblr-2872	823	41	a	a	DET
cblr-2872	823	42	defaulting	default	VERB
cblr-2872	823	43	member.1	member.1	NOUN
cblr-2872	823	44	03	03	NUM
cblr-2872	823	45	as	as	ADP
cblr-2872	823	46	a	a	DET
cblr-2872	823	47	result	result	NOUN
cblr-2872	823	48	,	,	PUNCT
cblr-2872	823	49	only	only	ADV
cblr-2872	823	50	the	the	DET
cblr-2872	823	51	103	103	NUM
cblr-2872	823	52	for	for	ADP
cblr-2872	823	53	example	example	NOUN
cblr-2872	823	54	,	,	PUNCT
cblr-2872	823	55	see	see	VERB
cblr-2872	823	56	the	the	DET
cblr-2872	823	57	requirements	requirement	NOUN
cblr-2872	823	58	to	to	PART
cblr-2872	823	59	be	be	AUX
cblr-2872	823	60	a	a	DET
cblr-2872	823	61	clearing	clearing	NOUN
cblr-2872	823	62	member	member	NOUN
cblr-2872	823	63	of	of	ADP
cblr-2872	823	64	lch.clearnet	lch.clearnet	PROPN
cblr-2872	823	65	,	,	PUNCT
cblr-2872	823	66	a	a	DET
cblr-2872	823	67	leading	lead	VERB
cblr-2872	823	68	swap	swap	NOUN
cblr-2872	823	69	clearinghouse	clearinghouse	NOUN
cblr-2872	823	70	.	.	PUNCT
cblr-2872	824	1	see	see	VERB
cblr-2872	824	2	lch.clearnet	lch.clearnet	PROPN
cblr-2872	824	3	group	group	PROPN
cblr-2872	824	4	,	,	PUNCT
cblr-2872	824	5	clearing	clear	VERB
cblr-2872	824	6	rule	rule	NOUN
cblr-2872	824	7	book	book	NOUN
cblr-2872	824	8	,	,	PUNCT
cblr-2872	824	9	at	at	ADP
cblr-2872	824	10	27	27	NUM
cblr-2872	824	11	-	-	SYM
cblr-2872	824	12	43	43	NUM
cblr-2872	824	13	(	(	PUNCT
cblr-2872	824	14	2013	2013	NUM
cblr-2872	824	15	)	)	PUNCT
cblr-2872	824	16	,	,	PUNCT
cblr-2872	824	17	available	available	ADJ
cblr-2872	824	18	at	at	ADP
cblr-2872	824	19	http://www.1chclearnet.com/images/rb%20va%202013-09-27_tcm6	http://www.1chclearnet.com/images/rb%20va%202013-09-27_tcm6	NOUN
cblr-2872	824	20	..........	..........	PUNCT
cblr-2872	824	21	...........	...........	PUNCT
cblr-2872	824	22	...........	...........	PUNCT
cblr-2872	824	23	......	......	PUNCT
cblr-2872	824	24	............	............	PUNCT
cblr-2872	824	25	........	........	PUNCT
cblr-2872	824	26	........	........	PUNCT
cblr-2872	824	27	...	...	PUNCT
cblr-2872	825	1	.....	.....	PUNCT
cblr-2872	825	2	.......	.......	PUNCT
cblr-2872	825	3	.......	.......	PUNCT
cblr-2872	825	4	..........	..........	PUNCT
cblr-2872	825	5	........................	........................	PUNCT
cblr-2872	825	6	.............	.............	PUNCT
cblr-2872	826	1	..	..	PUNCT
cblr-2872	826	2	...	...	PUNCT
cblr-2872	827	1	......	......	PUNCT
cblr-2872	827	2	........................	........................	PUNCT
cblr-2872	828	1	......	......	PUNCT
cblr-2872	828	2	.....	.....	PUNCT
cblr-2872	829	1	..........	..........	PUNCT
cblr-2872	829	2	....	....	PUNCT
cblr-2872	830	1	........	........	PUNCT
cblr-2872	830	2	w.x	w.x	PROPN
cblr-2872	830	3	............................	............................	PUNCT
cblr-2872	830	4	....	....	PUNCT
cblr-2872	830	5	..........	..........	PUNCT
cblr-2872	830	6	.	.	PUNCT
cblr-2872	830	7	...	...	PUNCT
cblr-2872	830	8	.	.	PUNCT
cblr-2872	831	1	.....................	.....................	PUNCT
cblr-2872	831	2	...	...	PUNCT
cblr-2872	832	1	..........	..........	PUNCT
cblr-2872	832	2	........	........	PUNCT
cblr-2872	833	1	..........	..........	PUNCT
cblr-2872	833	2	.....................	.....................	PUNCT
cblr-2872	833	3	............	............	PUNCT
cblr-2872	833	4	...............	...............	PUNCT
cblr-2872	833	5	.............	.............	PUNCT
cblr-2872	833	6	............	............	PUNCT
cblr-2872	833	7	.	.	PUNCT
cblr-2872	834	1	...........	...........	PUNCT
cblr-2872	835	1	x	x	X
cblr-2872	835	2	-.xxxxx	-.xxxxx	NOUN
cblr-2872	835	3	'	'	PUNCT
cblr-2872	835	4	x'-*.-.xxx	x'-*.-.xxx	NOUN
cblr-2872	835	5	'	'	PUNCT
cblr-2872	835	6	...........................................................................................................	...........................................................................................................	PUNCT
cblr-2872	835	7	..	..	PUNCT
cblr-2872	835	8	....	....	PUNCT
cblr-2872	836	1	..	..	PUNCT
cblr-2872	837	1	4	4	X
cblr-2872	837	2	.	.	X
cblr-2872	837	3	r	r	X
cblr-2872	837	4	...	...	PUNCT
cblr-2872	837	5	.	.	PUNCT
cblr-2872	837	6	.	.	PUNCT
cblr-2872	837	7	.	.	PUNCT
cblr-2872	838	1	.i	.i	PROPN
cblr-2872	839	1	i	i	PRON
cblr-2872	839	2	..	..	PUNCT
cblr-2872	839	3	..	..	PUNCT
cblr-2872	840	1	f	f	X
cblr-2872	841	1	l	l	NOUN
cblr-2872	841	2	..	..	PUNCT
cblr-2872	841	3	..	..	PUNCT
cblr-2872	841	4	.	.	PUNCT
cblr-2872	842	1	it	it	PRON
cblr-2872	842	2	regulation	regulation	VERB
cblr-2872	842	3	through	through	ADP
cblr-2872	842	4	substitutionno	substitutionno	NOUN
cblr-2872	842	5	.	.	PUNCT
cblr-2872	843	1	3:6671	3:6671	NUM
cblr-2872	843	2	721	721	NUM
cblr-2872	843	3	incentive	incentive	NOUN
cblr-2872	843	4	to	to	PART
cblr-2872	843	5	"	"	PUNCT
cblr-2872	843	6	futurize	futurize	VERB
cblr-2872	843	7	"	"	PUNCT
cblr-2872	843	8	swaps	swap	NOUN
cblr-2872	843	9	for	for	ADP
cblr-2872	843	10	financial	financial	ADJ
cblr-2872	843	11	0institutions	0institution	NOUN
cblr-2872	843	12	,	,	PUNCT
cblr-2872	843	13	remain	remain	VERB
cblr-2872	843	14	swaps	swap	NOUN
cblr-2872	843	15	for	for	ADP
cblr-2872	843	16	commercial	commercial	ADJ
cblr-2872	843	17	endusers	enduser	NOUN
cblr-2872	843	18	not	not	PART
cblr-2872	843	19	futurid	futurid	VERB
cblr-2872	843	20	swpank	swpank	ADV
cblr-2872	843	21	largest	large	ADJ
cblr-2872	843	22	and	and	CCONJ
cblr-2872	843	23	most	most	ADV
cblr-2872	843	24	sophisticated	sophisticated	ADJ
cblr-2872	843	25	market	market	NOUN
cblr-2872	843	26	participants	participant	NOUN
cblr-2872	843	27	are	be	AUX
cblr-2872	843	28	clearing	clear	VERB
cblr-2872	843	29	members	member	NOUN
cblr-2872	843	30	,	,	PUNCT
cblr-2872	843	31	while	while	SCONJ
cblr-2872	843	32	most	most	ADJ
cblr-2872	843	33	other	other	ADJ
cblr-2872	843	34	market	market	NOUN
cblr-2872	843	35	participants	participant	NOUN
cblr-2872	843	36	access	access	VERB
cblr-2872	843	37	the	the	DET
cblr-2872	843	38	clearinghouse	clearinghouse	NOUN
cblr-2872	843	39	through	through	ADP
cblr-2872	843	40	such	such	ADJ
cblr-2872	843	41	clearing	clearing	NOUN
cblr-2872	843	42	members	member	NOUN
cblr-2872	843	43	.	.	PUNCT
cblr-2872	844	1	for	for	ADP
cblr-2872	844	2	a	a	DET
cblr-2872	844	3	clearing	clearing	NOUN
cblr-2872	844	4	member	member	NOUN
cblr-2872	844	5	to	to	ADP
cblr-2872	844	6	clear	clear	ADJ
cblr-2872	844	7	swaps	swap	NOUN
cblr-2872	844	8	and	and	CCONJ
cblr-2872	844	9	futures	future	NOUN
cblr-2872	844	10	for	for	ADP
cblr-2872	844	11	customers	customer	NOUN
cblr-2872	844	12	,	,	PUNCT
cblr-2872	844	13	it	it	PRON
cblr-2872	844	14	must	must	AUX
cblr-2872	844	15	register	register	VERB
cblr-2872	844	16	with	with	ADP
cblr-2872	844	17	the	the	DET
cblr-2872	844	18	cftc	cftc	PROPN
cblr-2872	844	19	as	as	ADP
cblr-2872	844	20	a	a	DET
cblr-2872	844	21	futures	future	NOUN
cblr-2872	844	22	commission	commission	NOUN
cblr-2872	844	23	merchant	merchant	NOUN
cblr-2872	844	24	(	(	PUNCT
cblr-2872	844	25	"	"	PUNCT
cblr-2872	844	26	fcm").104	fcm").104	NOUN
cblr-2872	844	27	when	when	SCONJ
cblr-2872	844	28	a	a	DET
cblr-2872	844	29	customer	customer	NOUN
cblr-2872	844	30	accesses	access	VERB
cblr-2872	844	31	a	a	DET
cblr-2872	844	32	clearinghouse	clearinghouse	NOUN
cblr-2872	844	33	through	through	ADP
cblr-2872	844	34	an	an	DET
cblr-2872	844	35	fcm	fcm	X
cblr-2872	844	36	clearing	clearing	NOUN
cblr-2872	844	37	member	member	NOUN
cblr-2872	844	38	,	,	PUNCT
cblr-2872	844	39	the	the	DET
cblr-2872	844	40	fcm	fcm	PROPN
cblr-2872	844	41	clearing	clearing	NOUN
cblr-2872	844	42	member	member	NOUN
cblr-2872	844	43	collects	collect	VERB
cblr-2872	844	44	initial	initial	ADJ
cblr-2872	844	45	and	and	CCONJ
cblr-2872	844	46	variation	variation	NOUN
cblr-2872	844	47	margin	margin	NOUN
cblr-2872	844	48	from	from	ADP
cblr-2872	844	49	the	the	DET
cblr-2872	844	50	customer	customer	NOUN
cblr-2872	844	51	and	and	CCONJ
cblr-2872	844	52	passes	pass	VERB
cblr-2872	844	53	it	it	PRON
cblr-2872	844	54	on	on	ADP
cblr-2872	844	55	to	to	ADP
cblr-2872	844	56	the	the	DET
cblr-2872	844	57	clearinghouse	clearinghouse	NOUN
cblr-2872	844	58	.	.	PUNCT
cblr-2872	845	1	this	this	DET
cblr-2872	845	2	margin	margin	NOUN
cblr-2872	845	3	is	be	AUX
cblr-2872	845	4	held	hold	VERB
cblr-2872	845	5	at	at	ADP
cblr-2872	845	6	the	the	DET
cblr-2872	845	7	clearinghouse	clearinghouse	NOUN
cblr-2872	845	8	in	in	ADP
cblr-2872	845	9	the	the	DET
cblr-2872	845	10	customer	customer	NOUN
cblr-2872	845	11	account	account	NOUN
cblr-2872	845	12	of	of	ADP
cblr-2872	845	13	the	the	DET
cblr-2872	845	14	clearing	clearing	NOUN
cblr-2872	845	15	member	member	NOUN
cblr-2872	845	16	,	,	PUNCT
cblr-2872	845	17	which	which	PRON
cblr-2872	845	18	is	be	AUX
cblr-2872	845	19	separate	separate	ADJ
cblr-2872	845	20	from	from	ADP
cblr-2872	845	21	the	the	DET
cblr-2872	845	22	proprietary	proprietary	ADJ
cblr-2872	845	23	account	account	NOUN
cblr-2872	845	24	through	through	ADP
cblr-2872	845	25	which	which	PRON
cblr-2872	845	26	the	the	DET
cblr-2872	845	27	clearing	clearing	NOUN
cblr-2872	845	28	member	member	NOUN
cblr-2872	845	29	clears	clear	VERB
cblr-2872	845	30	its	its	PRON
cblr-2872	845	31	own	own	ADJ
cblr-2872	845	32	trades.10	trades.10	NOUN
cblr-2872	845	33	5	5	NUM
cblr-2872	845	34	the	the	DET
cblr-2872	845	35	fcm	fcm	NOUN
cblr-2872	845	36	may	may	AUX
cblr-2872	845	37	also	also	ADV
cblr-2872	845	38	require	require	VERB
cblr-2872	845	39	the	the	DET
cblr-2872	845	40	customer	customer	NOUN
cblr-2872	845	41	to	to	PART
cblr-2872	845	42	post	post	VERB
cblr-2872	845	43	excess	excess	ADJ
cblr-2872	845	44	margin	margin	NOUN
cblr-2872	845	45	above	above	ADP
cblr-2872	845	46	the	the	DET
cblr-2872	845	47	amount	amount	NOUN
cblr-2872	845	48	required	require	VERB
cblr-2872	845	49	by	by	ADP
cblr-2872	845	50	the	the	DET
cblr-2872	845	51	clearinghouse;o	clearinghouse;o	PROPN
cblr-2872	845	52	this	this	PRON
cblr-2872	845	53	protects	protect	VERB
cblr-2872	845	54	the	the	DET
cblr-2872	845	55	fcm	fcm	X
cblr-2872	845	56	against	against	ADP
cblr-2872	845	57	the	the	DET
cblr-2872	845	58	customer	customer	NOUN
cblr-2872	845	59	's	's	PART
cblr-2872	845	60	late	late	ADJ
cblr-2872	845	61	payments	payment	NOUN
cblr-2872	845	62	or	or	CCONJ
cblr-2872	845	63	default	default	NOUN
cblr-2872	845	64	.	.	PUNCT
cblr-2872	846	1	44081.pdf	44081.pdf	NOUN
cblr-2872	846	2	(	(	PUNCT
cblr-2872	846	3	requiring	require	VERB
cblr-2872	846	4	members	member	NOUN
cblr-2872	846	5	to	to	PART
cblr-2872	846	6	have	have	VERB
cblr-2872	846	7	net	net	ADJ
cblr-2872	846	8	capital	capital	NOUN
cblr-2872	846	9	requirements	requirement	NOUN
cblr-2872	846	10	ranging	range	VERB
cblr-2872	846	11	up	up	ADP
cblr-2872	846	12	to	to	ADP
cblr-2872	846	13	£	£	SYM
cblr-2872	846	14	400	400	NUM
cblr-2872	846	15	million	million	NUM
cblr-2872	846	16	,	,	PUNCT
cblr-2872	846	17	depending	depend	VERB
cblr-2872	846	18	on	on	ADP
cblr-2872	846	19	a	a	DET
cblr-2872	846	20	member	member	NOUN
cblr-2872	846	21	's	's	PART
cblr-2872	846	22	classification	classification	NOUN
cblr-2872	846	23	;	;	PUNCT
cblr-2872	846	24	imposing	impose	VERB
cblr-2872	846	25	additional	additional	ADJ
cblr-2872	846	26	margin	margin	NOUN
cblr-2872	846	27	requirements	requirement	NOUN
cblr-2872	846	28	in	in	ADP
cblr-2872	846	29	the	the	DET
cblr-2872	846	30	event	event	NOUN
cblr-2872	846	31	of	of	ADP
cblr-2872	846	32	credit	credit	NOUN
cblr-2872	846	33	ratings	rating	NOUN
cblr-2872	846	34	downgrades	downgrade	NOUN
cblr-2872	846	35	;	;	PUNCT
cblr-2872	846	36	and	and	CCONJ
cblr-2872	846	37	obliging	oblige	VERB
cblr-2872	846	38	members	member	NOUN
cblr-2872	846	39	to	to	PART
cblr-2872	846	40	establish	establish	VERB
cblr-2872	846	41	connectivity	connectivity	NOUN
cblr-2872	846	42	with	with	ADP
cblr-2872	846	43	certain	certain	ADJ
cblr-2872	846	44	payment	payment	NOUN
cblr-2872	846	45	systems	system	NOUN
cblr-2872	846	46	)	)	PUNCT
cblr-2872	846	47	;	;	PUNCT
cblr-2872	846	48	see	see	VERB
cblr-2872	846	49	also	also	ADV
cblr-2872	846	50	chicago	chicago	PROPN
cblr-2872	846	51	mercantile	mercantile	PROPN
cblr-2872	846	52	group	group	PROPN
cblr-2872	846	53	,	,	PUNCT
cblr-2872	846	54	cme	cme	PROPN
cblr-2872	846	55	rulebook	rulebook	NOUN
cblr-2872	846	56	,	,	PUNCT
cblr-2872	846	57	at	at	ADP
cblr-2872	846	58	4	4	NUM
cblr-2872	846	59	,	,	PUNCT
cblr-2872	846	60	8	8	NUM
cblr-2872	846	61	,	,	PUNCT
cblr-2872	846	62	28	28	NUM
cblr-2872	846	63	,	,	PUNCT
cblr-2872	846	64	available	available	ADJ
cblr-2872	846	65	at	at	ADP
cblr-2872	846	66	http://www.cmegroup.com/rulebook/cme/i/9/9.pdf	http://www.cmegroup.com/rulebook/cme/i/9/9.pdf	X
cblr-2872	847	1	[	[	X
cblr-2872	847	2	hereinafter	hereinafter	NOUN
cblr-2872	847	3	cme	cme	PROPN
cblr-2872	847	4	rulebook	rulebook	NOUN
cblr-2872	847	5	]	]	X
cblr-2872	847	6	(	(	PUNCT
cblr-2872	847	7	requiring	require	VERB
cblr-2872	847	8	its	its	PRON
cblr-2872	847	9	financial	financial	ADJ
cblr-2872	847	10	instrument	instrument	NOUN
cblr-2872	847	11	clearing	clearing	NOUN
cblr-2872	847	12	members	member	NOUN
cblr-2872	847	13	to	to	PART
cblr-2872	847	14	maintain	maintain	VERB
cblr-2872	847	15	adjusted	adjusted	ADJ
cblr-2872	847	16	net	net	ADJ
cblr-2872	847	17	capital	capital	NOUN
cblr-2872	847	18	of	of	ADP
cblr-2872	847	19	$	$	SYM
cblr-2872	847	20	500,000	500,000	NUM
cblr-2872	847	21	,	,	PUNCT
cblr-2872	847	22	to	to	PART
cblr-2872	847	23	have	have	VERB
cblr-2872	847	24	certain	certain	ADJ
cblr-2872	847	25	established	establish	VERB
cblr-2872	847	26	systems	system	NOUN
cblr-2872	847	27	in	in	ADP
cblr-2872	847	28	place	place	NOUN
cblr-2872	847	29	to	to	PART
cblr-2872	847	30	connect	connect	VERB
cblr-2872	847	31	with	with	ADP
cblr-2872	847	32	the	the	DET
cblr-2872	847	33	clearinghouse	clearinghouse	NOUN
cblr-2872	847	34	,	,	PUNCT
cblr-2872	847	35	and	and	CCONJ
cblr-2872	847	36	to	to	PART
cblr-2872	847	37	have	have	AUX
cblr-2872	847	38	written	write	VERB
cblr-2872	847	39	risk	risk	NOUN
cblr-2872	847	40	management	management	NOUN
cblr-2872	847	41	policies	policy	NOUN
cblr-2872	847	42	and	and	CCONJ
cblr-2872	847	43	procedures	procedure	NOUN
cblr-2872	847	44	in	in	ADP
cblr-2872	847	45	place	place	NOUN
cblr-2872	847	46	to	to	PART
cblr-2872	847	47	ensure	ensure	VERB
cblr-2872	847	48	a	a	DET
cblr-2872	847	49	baseline	baseline	NOUN
cblr-2872	847	50	of	of	ADP
cblr-2872	847	51	risk	risk	NOUN
cblr-2872	847	52	oversight	oversight	NOUN
cblr-2872	847	53	)	)	PUNCT
cblr-2872	847	54	.	.	PUNCT
cblr-2872	848	1	104	104	NUM
cblr-2872	848	2	see	see	VERB
cblr-2872	848	3	commodity	commodity	NOUN
cblr-2872	848	4	exchange	exchange	PROPN
cblr-2872	848	5	act	act	PROPN
cblr-2872	848	6	§	§	PROPN
cblr-2872	848	7	4d(f)(1	4d(f)(1	NUM
cblr-2872	848	8	)	)	PUNCT
cblr-2872	848	9	,	,	PUNCT
cblr-2872	848	10	7	7	NUM
cblr-2872	848	11	u.s.c	u.s.c	ADJ
cblr-2872	848	12	.	.	PUNCT
cblr-2872	849	1	§	§	PROPN
cblr-2872	849	2	6d(f)(1	6d(f)(1	NUM
cblr-2872	849	3	)	)	PUNCT
cblr-2872	849	4	(	(	PUNCT
cblr-2872	849	5	2012	2012	NUM
cblr-2872	849	6	)	)	PUNCT
cblr-2872	849	7	.	.	PUNCT
cblr-2872	850	1	105	105	NUM
cblr-2872	850	2	see	see	VERB
cblr-2872	850	3	,	,	PUNCT
cblr-2872	850	4	e.g.	e.g.	ADV
cblr-2872	850	5	,	,	PUNCT
cblr-2872	850	6	cme	cme	PROPN
cblr-2872	850	7	rulebook	rulebook	NOUN
cblr-2872	850	8	,	,	PUNCT
cblr-2872	850	9	supra	supra	PROPN
cblr-2872	850	10	note	note	NOUN
cblr-2872	850	11	103	103	NUM
cblr-2872	850	12	,	,	PUNCT
cblr-2872	850	13	at	at	ADP
cblr-2872	850	14	23	23	NUM
cblr-2872	850	15	-	-	SYM
cblr-2872	850	16	24	24	NUM
cblr-2872	850	17	(	(	PUNCT
cblr-2872	850	18	rule	rule	NOUN
cblr-2872	850	19	971	971	NUM
cblr-2872	850	20	)	)	PUNCT
cblr-2872	850	21	;	;	PUNCT
cblr-2872	850	22	see	see	VERB
cblr-2872	850	23	also	also	ADV
cblr-2872	850	24	lch.clearnet	lch.clearnet	PROPN
cblr-2872	850	25	group	group	NOUN
cblr-2872	850	26	,	,	PUNCT
cblr-2872	850	27	clearing	clear	VERB
cblr-2872	850	28	house	house	NOUN
cblr-2872	850	29	procedures	procedure	NOUN
cblr-2872	850	30	,	,	PUNCT
cblr-2872	850	31	art	art	NOUN
cblr-2872	850	32	.	.	PUNCT
cblr-2872	851	1	4.2.2	4.2.2	NUM
cblr-2872	851	2	(	(	PUNCT
cblr-2872	851	3	2012	2012	NUM
cblr-2872	851	4	)	)	PUNCT
cblr-2872	851	5	,	,	PUNCT
cblr-2872	851	6	available	available	ADJ
cblr-2872	851	7	at	at	ADP
cblr-2872	851	8	http://www.lchclearnet.comlimages/section4_tcm643748.pdf	http://www.lchclearnet.comlimages/section4_tcm643748.pdf	PROPN
cblr-2872	851	9	(	(	PUNCT
cblr-2872	851	10	describing	describe	VERB
cblr-2872	851	11	segregation	segregation	NOUN
cblr-2872	851	12	rules	rule	NOUN
cblr-2872	851	13	for	for	ADP
cblr-2872	851	14	clearing	clear	VERB
cblr-2872	851	15	house	house	NOUN
cblr-2872	851	16	members	member	NOUN
cblr-2872	851	17	)	)	PUNCT
cblr-2872	851	18	.	.	PUNCT
cblr-2872	852	1	106	106	NUM
cblr-2872	852	2	derivatives	derivative	NOUN
cblr-2872	852	3	clearing	clearing	NOUN
cblr-2872	852	4	organization	organization	NOUN
cblr-2872	852	5	general	general	ADJ
cblr-2872	852	6	provisions	provision	NOUN
cblr-2872	852	7	and	and	CCONJ
cblr-2872	852	8	core	core	NOUN
cblr-2872	852	9	principles	principle	NOUN
cblr-2872	852	10	,	,	PUNCT
cblr-2872	852	11	76	76	NUM
cblr-2872	852	12	fed	fed	PROPN
cblr-2872	852	13	.	.	PUNCT
cblr-2872	853	1	reg	reg	PROPN
cblr-2872	853	2	.	.	PROPN
cblr-2872	854	1	69	69	NUM
cblr-2872	854	2	,	,	PUNCT
cblr-2872	854	3	334	334	NUM
cblr-2872	854	4	,	,	PUNCT
cblr-2872	854	5	69,439	69,439	NUM
cblr-2872	854	6	(	(	PUNCT
cblr-2872	854	7	nov	nov	PROPN
cblr-2872	854	8	.	.	PROPN
cblr-2872	854	9	8	8	NUM
cblr-2872	854	10	,	,	PUNCT
cblr-2872	854	11	2011	2011	NUM
cblr-2872	854	12	)	)	PUNCT
cblr-2872	854	13	(	(	PUNCT
cblr-2872	854	14	to	to	PART
cblr-2872	854	15	be	be	AUX
cblr-2872	854	16	codified	codify	VERB
cblr-2872	854	17	at	at	ADP
cblr-2872	854	18	17	17	NUM
cblr-2872	854	19	c.f.r	c.f.r	NOUN
cblr-2872	854	20	.	.	PUNCT
cblr-2872	855	1	§	§	PROPN
cblr-2872	855	2	39.13(g)(8)(e)(ii	39.13(g)(8)(e)(ii	NUM
cblr-2872	855	3	)	)	PUNCT
cblr-2872	855	4	)	)	PUNCT
cblr-2872	855	5	(	(	PUNCT
cblr-2872	855	6	"	"	PUNCT
cblr-2872	855	7	a	a	DET
cblr-2872	855	8	derivatives	derivative	NOUN
cblr-2872	855	9	clearing	clearing	NOUN
cblr-2872	855	10	organization	organization	NOUN
cblr-2872	855	11	shall	shall	AUX
cblr-2872	855	12	require	require	VERB
cblr-2872	855	13	its	its	PRON
cblr-2872	855	14	clearing	clearing	NOUN
cblr-2872	855	15	members	member	NOUN
cblr-2872	855	16	to	to	PART
cblr-2872	855	17	collect	collect	VERB
cblr-2872	855	18	customer	customer	NOUN
cblr-2872	855	19	initial	initial	ADJ
cblr-2872	855	20	margin	margin	NOUN
cblr-2872	855	21	,	,	PUNCT
cblr-2872	855	22	as	as	SCONJ
cblr-2872	855	23	defined	define	VERB
cblr-2872	855	24	in	in	ADP
cblr-2872	855	25	sec	sec	PROPN
cblr-2872	855	26	.	.	PROPN
cblr-2872	856	1	1.3	1.3	NUM
cblr-2872	856	2	of	of	ADP
cblr-2872	856	3	this	this	DET
cblr-2872	856	4	chapter	chapter	NOUN
cblr-2872	856	5	,	,	PUNCT
cblr-2872	856	6	from	from	ADP
cblr-2872	856	7	their	their	PRON
cblr-2872	856	8	customers	customer	NOUN
cblr-2872	856	9	,	,	PUNCT
cblr-2872	856	10	for	for	ADP
cblr-2872	856	11	non	non	ADJ
cblr-2872	856	12	-	-	ADJ
cblr-2872	856	13	hedge	hedge	ADJ
cblr-2872	856	14	positions	position	NOUN
cblr-2872	856	15	,	,	PUNCT
cblr-2872	856	16	at	at	ADP
cblr-2872	856	17	a	a	DET
cblr-2872	856	18	level	level	NOUN
cblr-2872	856	19	that	that	PRON
cblr-2872	856	20	is	be	AUX
cblr-2872	856	21	greater	great	ADJ
cblr-2872	856	22	than	than	ADP
cblr-2872	856	23	100	100	NUM
cblr-2872	856	24	percent	percent	NOUN
cblr-2872	856	25	of	of	ADP
cblr-2872	856	26	the	the	DET
cblr-2872	856	27	derivatives	derivative	NOUN
cblr-2872	856	28	clearing	clearing	NOUN
cblr-2872	856	29	organization	organization	NOUN
cblr-2872	856	30	's	's	PART
cblr-2872	856	31	initial	initial	ADJ
cblr-2872	856	32	margin	margin	NOUN
cblr-2872	856	33	requirements	requirement	NOUN
cblr-2872	856	34	with	with	ADP
cblr-2872	856	35	respect	respect	NOUN
cblr-2872	856	36	to	to	ADP
cblr-2872	856	37	each	each	DET
cblr-2872	856	38	product	product	NOUN
cblr-2872	856	39	and	and	CCONJ
cblr-2872	856	40	swap	swap	NOUN
cblr-2872	856	41	portfolio	portfolio	NOUN
cblr-2872	856	42	.	.	PUNCT
cblr-2872	856	43	"	"	PUNCT
cblr-2872	856	44	)	)	PUNCT
cblr-2872	856	45	.	.	PUNCT
cblr-2872	857	1	722	722	NUM
cblr-2872	857	2	col	col	PROPN
cblr-2872	857	3	umbia	umbia	PROPN
cblr-2872	857	4	b	b	PROPN
cblr-2872	857	5	usiness	usiness	PROPN
cblr-2872	857	6	la	la	PROPN
cblr-2872	857	7	w	w	PROPN
cblr-2872	857	8	re	re	PROPN
cblr-2872	857	9	vie	vie	PROPN
cblr-2872	857	10	w	w	PROPN
cblr-2872	858	1	[	[	X
cblr-2872	858	2	vol	vol	NOUN
cblr-2872	858	3	.	.	PUNCT
cblr-2872	858	4	2013	2013	NUM
cblr-2872	859	1	the	the	DET
cblr-2872	859	2	commodity	commodity	NOUN
cblr-2872	859	3	exchange	exchange	PROPN
cblr-2872	859	4	act	act	NOUN
cblr-2872	859	5	includes	include	VERB
cblr-2872	859	6	provisions	provision	NOUN
cblr-2872	859	7	designed	design	VERB
cblr-2872	859	8	to	to	PART
cblr-2872	859	9	protect	protect	VERB
cblr-2872	859	10	amounts	amount	NOUN
cblr-2872	859	11	held	hold	VERB
cblr-2872	859	12	as	as	ADP
cblr-2872	859	13	collateral	collateral	NOUN
cblr-2872	859	14	for	for	ADP
cblr-2872	859	15	initial	initial	ADJ
cblr-2872	859	16	margin	margin	NOUN
cblr-2872	859	17	for	for	ADP
cblr-2872	859	18	both	both	DET
cblr-2872	859	19	futures	future	NOUN
cblr-2872	859	20	and	and	CCONJ
cblr-2872	859	21	cleared	clear	VERB
cblr-2872	859	22	swaps	swap	NOUN
cblr-2872	859	23	customers	customer	NOUN
cblr-2872	859	24	.	.	PUNCT
cblr-2872	860	1	107	107	NUM
cblr-2872	860	2	among	among	ADP
cblr-2872	860	3	other	other	ADJ
cblr-2872	860	4	requirements	requirement	NOUN
cblr-2872	860	5	,	,	PUNCT
cblr-2872	860	6	firms	firm	NOUN
cblr-2872	860	7	that	that	PRON
cblr-2872	860	8	hold	hold	VERB
cblr-2872	860	9	customer	customer	NOUN
cblr-2872	860	10	collateral	collateral	NOUN
cblr-2872	860	11	for	for	ADP
cblr-2872	860	12	cleared	clear	VERB
cblr-2872	860	13	swaps	swap	NOUN
cblr-2872	860	14	and	and	CCONJ
cblr-2872	860	15	futures	future	NOUN
cblr-2872	860	16	contracts	contract	NOUN
cblr-2872	860	17	must	must	AUX
cblr-2872	860	18	register	register	VERB
cblr-2872	860	19	with	with	ADP
cblr-2872	860	20	the	the	DET
cblr-2872	860	21	cftc	cftc	PROPN
cblr-2872	860	22	as	as	ADP
cblr-2872	860	23	fcms	fcms	NOUN
cblr-2872	860	24	and	and	CCONJ
cblr-2872	860	25	are	be	AUX
cblr-2872	860	26	subject	subject	ADJ
cblr-2872	860	27	to	to	ADP
cblr-2872	860	28	regulation	regulation	NOUN
cblr-2872	860	29	as	as	ADP
cblr-2872	860	30	such.10	such.10	NOUN
cblr-2872	860	31	8	8	NUM
cblr-2872	860	32	however	however	ADV
cblr-2872	860	33	,	,	PUNCT
cblr-2872	860	34	as	as	SCONJ
cblr-2872	860	35	described	describe	VERB
cblr-2872	860	36	below	below	ADV
cblr-2872	860	37	,	,	PUNCT
cblr-2872	860	38	based	base	VERB
cblr-2872	860	39	on	on	ADP
cblr-2872	860	40	a	a	DET
cblr-2872	860	41	difference	difference	NOUN
cblr-2872	860	42	of	of	ADP
cblr-2872	860	43	one	one	NUM
cblr-2872	860	44	letter	letter	NOUN
cblr-2872	860	45	in	in	ADP
cblr-2872	860	46	one	one	NUM
cblr-2872	860	47	word	word	NOUN
cblr-2872	860	48	of	of	ADP
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cblr-2872	860	50	commodity	commodity	NOUN
cblr-2872	860	51	exchange	exchange	PROPN
cblr-2872	860	52	act	act	PROPN
cblr-2872	860	53	(	(	PUNCT
cblr-2872	860	54	and	and	CCONJ
cblr-2872	860	55	,	,	PUNCT
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cblr-2872	860	58	,	,	PUNCT
cblr-2872	860	59	public	public	ADJ
cblr-2872	860	60	policy	policy	NOUN
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cblr-2872	860	62	)	)	PUNCT
cblr-2872	860	63	,	,	PUNCT
cblr-2872	860	64	the	the	DET
cblr-2872	860	65	current	current	ADJ
cblr-2872	860	66	regimes	regime	NOUN
cblr-2872	860	67	for	for	ADP
cblr-2872	860	68	collateral	collateral	NOUN
cblr-2872	860	69	posted	post	VERB
cblr-2872	860	70	to	to	PART
cblr-2872	860	71	meet	meet	VERB
cblr-2872	860	72	initial	initial	ADJ
cblr-2872	860	73	margin	margin	NOUN
cblr-2872	860	74	requirements	requirement	NOUN
cblr-2872	860	75	for	for	ADP
cblr-2872	860	76	cleared	clear	VERB
cblr-2872	860	77	swaps	swap	NOUN
cblr-2872	860	78	and	and	CCONJ
cblr-2872	860	79	futures	future	NOUN
cblr-2872	860	80	differ	differ	VERB
cblr-2872	860	81	.	.	PUNCT
cblr-2872	861	1	1	1	X
cblr-2872	861	2	.	.	X
cblr-2872	861	3	the	the	DET
cblr-2872	861	4	regulatory	regulatory	ADJ
cblr-2872	861	5	regime	regime	NOUN
cblr-2872	861	6	futures	future	NOUN
cblr-2872	861	7	.	.	PUNCT
cblr-2872	862	1	the	the	DET
cblr-2872	862	2	commodity	commodity	PROPN
cblr-2872	862	3	exchange	exchange	PROPN
cblr-2872	862	4	act	act	PROPN
cblr-2872	862	5	prohibits	prohibit	VERB
cblr-2872	862	6	an	an	DET
cblr-2872	862	7	fcm	fcm	NOUN
cblr-2872	862	8	or	or	CCONJ
cblr-2872	862	9	clearinghouse	clearinghouse	NOUN
cblr-2872	862	10	that	that	PRON
cblr-2872	862	11	has	have	AUX
cblr-2872	862	12	received	receive	VERB
cblr-2872	862	13	customer	customer	NOUN
cblr-2872	862	14	property	property	NOUN
cblr-2872	862	15	,	,	PUNCT
cblr-2872	862	16	including	include	VERB
cblr-2872	862	17	as	as	ADP
cblr-2872	862	18	collateral	collateral	NOUN
cblr-2872	862	19	to	to	PART
cblr-2872	862	20	meet	meet	VERB
cblr-2872	862	21	initial	initial	ADJ
cblr-2872	862	22	margin	margin	NOUN
cblr-2872	862	23	requirements	requirement	NOUN
cblr-2872	862	24	,	,	PUNCT
cblr-2872	862	25	from	from	ADP
cblr-2872	862	26	treating	treat	VERB
cblr-2872	862	27	that	that	DET
cblr-2872	862	28	property	property	NOUN
cblr-2872	862	29	as	as	ADP
cblr-2872	862	30	belonging	belong	VERB
cblr-2872	862	31	to	to	ADP
cblr-2872	862	32	"	"	PUNCT
cblr-2872	862	33	the	the	DET
cblr-2872	862	34	depositing	depositing	NOUN
cblr-2872	862	35	[	[	X
cblr-2872	862	36	fcm	fcm	X
cblr-2872	862	37	]	]	X
cblr-2872	862	38	or	or	CCONJ
cblr-2872	862	39	any	any	DET
cblr-2872	862	40	person	person	NOUN
cblr-2872	862	41	other	other	ADJ
cblr-2872	862	42	than	than	ADP
cblr-2872	862	43	the	the	DET
cblr-2872	862	44	customers	customer	NOUN
cblr-2872	862	45	of	of	ADP
cblr-2872	862	46	such	such	ADJ
cblr-2872	862	47	[	[	X
cblr-2872	862	48	fcm]."10	fcm]."10	X
cblr-2872	862	49	'	'	PUNCT
cblr-2872	862	50	under	under	ADP
cblr-2872	862	51	this	this	DET
cblr-2872	862	52	statutory	statutory	ADJ
cblr-2872	862	53	provision	provision	NOUN
cblr-2872	862	54	and	and	CCONJ
cblr-2872	862	55	cftc	cftc	PROPN
cblr-2872	862	56	regulations	regulation	NOUN
cblr-2872	862	57	,	,	PUNCT
cblr-2872	862	58	an	an	DET
cblr-2872	862	59	fcm	fcm	NOUN
cblr-2872	862	60	may	may	AUX
cblr-2872	862	61	hold	hold	VERB
cblr-2872	862	62	all	all	PRON
cblr-2872	862	63	of	of	ADP
cblr-2872	862	64	its	its	PRON
cblr-2872	862	65	customers	customer	NOUN
cblr-2872	862	66	'	'	PART
cblr-2872	862	67	collateral	collateral	NOUN
cblr-2872	862	68	in	in	ADP
cblr-2872	862	69	a	a	DET
cblr-2872	862	70	commingled	commingled	ADJ
cblr-2872	862	71	customer	customer	NOUN
cblr-2872	862	72	account	account	NOUN
cblr-2872	862	73	,	,	PUNCT
cblr-2872	862	74	but	but	CCONJ
cblr-2872	862	75	the	the	DET
cblr-2872	862	76	customer	customer	NOUN
cblr-2872	862	77	account	account	NOUN
cblr-2872	862	78	must	must	AUX
cblr-2872	862	79	be	be	AUX
cblr-2872	862	80	segregated	segregate	VERB
cblr-2872	862	81	from	from	ADP
cblr-2872	862	82	the	the	DET
cblr-2872	862	83	fcm	fcm	PROPN
cblr-2872	862	84	's	's	PART
cblr-2872	862	85	proprietary	proprietary	ADJ
cblr-2872	862	86	funds	fund	NOUN
cblr-2872	862	87	.	.	PUNCT
cblr-2872	863	1	in	in	ADP
cblr-2872	863	2	the	the	DET
cblr-2872	863	3	event	event	NOUN
cblr-2872	863	4	that	that	SCONJ
cblr-2872	863	5	one	one	NUM
cblr-2872	863	6	of	of	ADP
cblr-2872	863	7	the	the	DET
cblr-2872	863	8	fcm	fcm	PROPN
cblr-2872	863	9	's	's	PART
cblr-2872	863	10	customers	customer	NOUN
cblr-2872	863	11	defaults	default	VERB
cblr-2872	863	12	on	on	ADP
cblr-2872	863	13	a	a	DET
cblr-2872	863	14	payment	payment	NOUN
cblr-2872	863	15	to	to	ADP
cblr-2872	863	16	the	the	DET
cblr-2872	863	17	fcm	fcm	X
cblr-2872	863	18	,	,	PUNCT
cblr-2872	863	19	and	and	CCONJ
cblr-2872	863	20	the	the	DET
cblr-2872	863	21	fcm	fcm	NOUN
cblr-2872	863	22	can	can	AUX
cblr-2872	863	23	not	not	PART
cblr-2872	863	24	meet	meet	VERB
cblr-2872	863	25	its	its	PRON
cblr-2872	863	26	obligation	obligation	NOUN
cblr-2872	863	27	to	to	PART
cblr-2872	863	28	guarantee	guarantee	VERB
cblr-2872	863	29	that	that	SCONJ
cblr-2872	863	30	payment	payment	NOUN
cblr-2872	863	31	with	with	ADP
cblr-2872	863	32	its	its	PRON
cblr-2872	863	33	own	own	ADJ
cblr-2872	863	34	funds	fund	NOUN
cblr-2872	863	35	(	(	PUNCT
cblr-2872	863	36	a	a	DET
cblr-2872	863	37	"	"	PUNCT
cblr-2872	863	38	double	double	ADJ
cblr-2872	863	39	default	default	NOUN
cblr-2872	863	40	"	"	PUNCT
cblr-2872	863	41	)	)	PUNCT
cblr-2872	863	42	,	,	PUNCT
cblr-2872	863	43	the	the	DET
cblr-2872	863	44	clearinghouse	clearinghouse	NOUN
cblr-2872	863	45	can	can	AUX
cblr-2872	863	46	look	look	VERB
cblr-2872	863	47	to	to	ADP
cblr-2872	863	48	the	the	DET
cblr-2872	863	49	funds	fund	NOUN
cblr-2872	863	50	of	of	ADP
cblr-2872	863	51	other	other	ADJ
cblr-2872	863	52	customers	customer	NOUN
cblr-2872	863	53	of	of	ADP
cblr-2872	863	54	that	that	PRON
cblr-2872	863	55	fcm	fcm	VERB
cblr-2872	863	56	to	to	PART
cblr-2872	863	57	satisfy	satisfy	VERB
cblr-2872	863	58	its	its	PRON
cblr-2872	863	59	margin	margin	NOUN
cblr-2872	863	60	requirements.110	requirements.110	ADV
cblr-2872	863	61	thus	thus	ADV
cblr-2872	863	62	,	,	PUNCT
cblr-2872	863	63	under	under	ADP
cblr-2872	863	64	the	the	DET
cblr-2872	863	65	futures	future	NOUN
cblr-2872	863	66	rules	rule	NOUN
cblr-2872	863	67	,	,	PUNCT
cblr-2872	863	68	customers	customer	NOUN
cblr-2872	863	69	of	of	ADP
cblr-2872	863	70	107	107	NUM
cblr-2872	863	71	see	see	VERB
cblr-2872	863	72	commodity	commodity	NOUN
cblr-2872	863	73	exchange	exchange	PROPN
cblr-2872	863	74	act	act	PROPN
cblr-2872	863	75	§	§	PROPN
cblr-2872	863	76	4d(f)(2	4d(f)(2	NUM
cblr-2872	863	77	)	)	PUNCT
cblr-2872	863	78	,	,	PUNCT
cblr-2872	863	79	7	7	NUM
cblr-2872	863	80	u.s.c	u.s.c	ADJ
cblr-2872	863	81	.	.	PUNCT
cblr-2872	864	1	§	§	PROPN
cblr-2872	864	2	6d(f)(2	6d(f)(2	NUM
cblr-2872	864	3	)	)	PUNCT
cblr-2872	864	4	(	(	PUNCT
cblr-2872	864	5	2012	2012	NUM
cblr-2872	864	6	)	)	PUNCT
cblr-2872	864	7	(	(	PUNCT
cblr-2872	864	8	explaining	explain	VERB
cblr-2872	864	9	the	the	DET
cblr-2872	864	10	treatment	treatment	NOUN
cblr-2872	864	11	of	of	ADP
cblr-2872	864	12	cleared	clear	VERB
cblr-2872	864	13	swap	swap	NOUN
cblr-2872	864	14	collateral	collateral	NOUN
cblr-2872	864	15	by	by	ADP
cblr-2872	864	16	futures	future	NOUN
cblr-2872	864	17	commission	commission	NOUN
cblr-2872	864	18	merchants	merchant	NOUN
cblr-2872	864	19	)	)	PUNCT
cblr-2872	864	20	;	;	PUNCT
cblr-2872	865	1	i	i	PROPN
cblr-2872	865	2	d.	d.	PROPN
cblr-2872	865	3	§	§	PROPN
cblr-2872	865	4	4s(l)(1	4s(l)(1	NUM
cblr-2872	865	5	)	)	PUNCT
cblr-2872	865	6	,	,	PUNCT
cblr-2872	865	7	7	7	NUM
cblr-2872	865	8	u.s.c	u.s.c	ADJ
cblr-2872	865	9	.	.	PUNCT
cblr-2872	866	1	§	§	PROPN
cblr-2872	866	2	6s(l)(1	6s(l)(1	NUM
cblr-2872	866	3	)	)	PUNCT
cblr-2872	867	1	(	(	PUNCT
cblr-2872	867	2	explaining	explain	VERB
cblr-2872	867	3	the	the	DET
cblr-2872	867	4	requirement	requirement	NOUN
cblr-2872	867	5	to	to	PART
cblr-2872	867	6	notify	notify	VERB
cblr-2872	867	7	a	a	DET
cblr-2872	867	8	counterparty	counterparty	NOUN
cblr-2872	867	9	to	to	ADP
cblr-2872	867	10	a	a	DET
cblr-2872	867	11	non	non	ADJ
cblr-2872	867	12	-	-	ADJ
cblr-2872	867	13	cleared	clear	VERB
cblr-2872	867	14	swap	swap	NOUN
cblr-2872	867	15	that	that	DET
cblr-2872	867	16	segregation	segregation	NOUN
cblr-2872	867	17	may	may	AUX
cblr-2872	867	18	be	be	AUX
cblr-2872	867	19	required	require	VERB
cblr-2872	867	20	for	for	ADP
cblr-2872	867	21	any	any	DET
cblr-2872	867	22	funds	fund	NOUN
cblr-2872	867	23	posted	post	VERB
cblr-2872	867	24	as	as	ADP
cblr-2872	867	25	collateral	collateral	NOUN
cblr-2872	867	26	)	)	PUNCT
cblr-2872	867	27	.	.	PUNCT
cblr-2872	868	1	108	108	NUM
cblr-2872	869	1	i	i	PRON
cblr-2872	869	2	d.	d.	PROPN
cblr-2872	869	3	§	§	PROPN
cblr-2872	869	4	4d(a)(1	4d(a)(1	NUM
cblr-2872	869	5	)	)	PUNCT
cblr-2872	869	6	,	,	PUNCT
cblr-2872	869	7	7	7	NUM
cblr-2872	869	8	u.s.c	u.s.c	NOUN
cblr-2872	869	9	.	.	PUNCT
cblr-2872	870	1	§	§	PROPN
cblr-2872	870	2	6d(a)(1	6d(a)(1	NUM
cblr-2872	870	3	)	)	PUNCT
cblr-2872	870	4	.	.	PUNCT
cblr-2872	871	1	109	109	NUM
cblr-2872	872	1	i	i	PROPN
cblr-2872	872	2	d.	d.	PROPN
cblr-2872	872	3	§	§	PROPN
cblr-2872	872	4	4d(b	4d(b	PROPN
cblr-2872	872	5	)	)	PUNCT
cblr-2872	872	6	,	,	PUNCT
cblr-2872	872	7	7	7	NUM
cblr-2872	872	8	u.s.c	u.s.c	ADJ
cblr-2872	872	9	.	.	PUNCT
cblr-2872	873	1	§	§	PROPN
cblr-2872	873	2	6d(b	6d(b	NUM
cblr-2872	873	3	)	)	PUNCT
cblr-2872	873	4	(	(	PUNCT
cblr-2872	873	5	emphasis	emphasis	NOUN
cblr-2872	873	6	added	add	VERB
cblr-2872	873	7	)	)	PUNCT
cblr-2872	873	8	.	.	PUNCT
cblr-2872	874	1	110	110	NUM
cblr-2872	874	2	protection	protection	NOUN
cblr-2872	874	3	of	of	ADP
cblr-2872	874	4	cleared	clear	VERB
cblr-2872	874	5	swaps	swap	NOUN
cblr-2872	874	6	customer	customer	NOUN
cblr-2872	874	7	contracts	contract	NOUN
cblr-2872	874	8	and	and	CCONJ
cblr-2872	874	9	collateral	collateral	NOUN
cblr-2872	874	10	;	;	PUNCT
cblr-2872	874	11	conforming	conform	VERB
cblr-2872	874	12	amendments	amendment	NOUN
cblr-2872	874	13	to	to	ADP
cblr-2872	874	14	the	the	DET
cblr-2872	874	15	commodity	commodity	NOUN
cblr-2872	874	16	broker	broker	NOUN
cblr-2872	874	17	bankruptcy	bankruptcy	NOUN
cblr-2872	874	18	provisions	provision	NOUN
cblr-2872	874	19	,	,	PUNCT
cblr-2872	874	20	77	77	NUM
cblr-2872	874	21	fed	fed	PROPN
cblr-2872	874	22	.	.	PUNCT
cblr-2872	875	1	reg	reg	PROPN
cblr-2872	875	2	.	.	PUNCT
cblr-2872	876	1	6336	6336	NUM
cblr-2872	876	2	,	,	PUNCT
cblr-2872	876	3	6340	6340	NUM
cblr-2872	876	4	(	(	PUNCT
cblr-2872	876	5	amending	amend	VERB
cblr-2872	876	6	17	17	NUM
cblr-2872	876	7	c.f.r	c.f.r	NOUN
cblr-2872	876	8	.	.	PUNCT
cblr-2872	877	1	pt	pt	PROPN
cblr-2872	877	2	.	.	PROPN
cblr-2872	877	3	190	190	NUM
cblr-2872	877	4	)	)	PUNCT
cblr-2872	877	5	(	(	PUNCT
cblr-2872	877	6	explaining	explain	VERB
cblr-2872	877	7	that	that	SCONJ
cblr-2872	877	8	under	under	ADP
cblr-2872	877	9	futures	future	NOUN
cblr-2872	877	10	rules	rule	NOUN
cblr-2872	877	11	,	,	PUNCT
cblr-2872	877	12	"	"	PUNCT
cblr-2872	877	13	following	follow	VERB
cblr-2872	877	14	a	a	DET
cblr-2872	877	15	double	double	ADJ
cblr-2872	877	16	default	default	NOUN
cblr-2872	877	17	,	,	PUNCT
cblr-2872	877	18	.	.	PUNCT
cblr-2872	877	19	.	.	PUNCT
cblr-2872	877	20	.	.	PUNCT
cblr-2872	878	1	the	the	DET
cblr-2872	878	2	no	no	NOUN
cblr-2872	878	3	.	.	PUNCT
cblr-2872	879	1	3:667	3:667	NUM
cblr-2872	879	2	]	]	PUNCT
cblr-2872	879	3	regulation	regulation	NOUN
cblr-2872	879	4	through	through	ADP
cblr-2872	879	5	substitution	substitution	NOUN
cblr-2872	879	6	723	723	NUM
cblr-2872	879	7	an	an	DET
cblr-2872	879	8	fcm	fcm	X
cblr-2872	879	9	are	be	AUX
cblr-2872	879	10	exposed	expose	VERB
cblr-2872	879	11	to	to	ADP
cblr-2872	879	12	"	"	PUNCT
cblr-2872	879	13	fellow	fellow	ADJ
cblr-2872	879	14	customer	customer	NOUN
cblr-2872	879	15	"	"	PUNCT
cblr-2872	879	16	risk	risk	NOUN
cblr-2872	879	17	-	-	PUNCT
cblr-2872	879	18	the	the	DET
cblr-2872	879	19	risk	risk	NOUN
cblr-2872	879	20	that	that	SCONJ
cblr-2872	879	21	the	the	DET
cblr-2872	879	22	default	default	NOUN
cblr-2872	879	23	of	of	ADP
cblr-2872	879	24	another	another	DET
cblr-2872	879	25	customer	customer	NOUN
cblr-2872	879	26	of	of	ADP
cblr-2872	879	27	the	the	DET
cblr-2872	879	28	fcm	fcm	PROPN
cblr-2872	879	29	,	,	PUNCT
cblr-2872	879	30	coupled	couple	VERB
cblr-2872	879	31	with	with	ADP
cblr-2872	879	32	the	the	DET
cblr-2872	879	33	default	default	NOUN
cblr-2872	879	34	of	of	ADP
cblr-2872	879	35	the	the	DET
cblr-2872	879	36	fcm	fcm	X
cblr-2872	879	37	,	,	PUNCT
cblr-2872	879	38	will	will	AUX
cblr-2872	879	39	cause	cause	VERB
cblr-2872	879	40	losses	loss	NOUN
cblr-2872	879	41	to	to	ADP
cblr-2872	879	42	the	the	DET
cblr-2872	879	43	non	non	ADJ
cblr-2872	879	44	-	-	ADJ
cblr-2872	879	45	defaulting	defaulting	ADJ
cblr-2872	879	46	customers	customer	NOUN
cblr-2872	879	47	of	of	ADP
cblr-2872	879	48	the	the	DET
cblr-2872	879	49	fcm	fcm	PROPN
cblr-2872	879	50	.	.	PROPN
cblr-2872	880	1	cleared	clear	VERB
cblr-2872	880	2	swaps	swap	NOUN
cblr-2872	880	3	.	.	PUNCT
cblr-2872	881	1	in	in	ADP
cblr-2872	881	2	amending	amend	VERB
cblr-2872	881	3	the	the	DET
cblr-2872	881	4	commodity	commodity	NOUN
cblr-2872	881	5	exchange	exchange	PROPN
cblr-2872	881	6	act	act	VERB
cblr-2872	881	7	to	to	PART
cblr-2872	881	8	incorporate	incorporate	VERB
cblr-2872	881	9	protections	protection	NOUN
cblr-2872	881	10	for	for	ADP
cblr-2872	881	11	cleared	clear	VERB
cblr-2872	881	12	swaps	swap	NOUN
cblr-2872	881	13	customers	customer	NOUN
cblr-2872	881	14	,	,	PUNCT
cblr-2872	881	15	the	the	DET
cblr-2872	881	16	dodd	dodd	PROPN
cblr-2872	881	17	-	-	PUNCT
cblr-2872	881	18	frank	frank	PROPN
cblr-2872	881	19	act	act	PROPN
cblr-2872	881	20	essentially	essentially	ADV
cblr-2872	881	21	copied	copy	VERB
cblr-2872	881	22	the	the	DET
cblr-2872	881	23	provisions	provision	NOUN
cblr-2872	881	24	relating	relate	VERB
cblr-2872	881	25	to	to	ADP
cblr-2872	881	26	futures	future	NOUN
cblr-2872	881	27	-	-	PUNCT
cblr-2872	881	28	with	with	ADP
cblr-2872	881	29	one	one	NUM
cblr-2872	881	30	small	small	ADJ
cblr-2872	881	31	,	,	PUNCT
cblr-2872	881	32	but	but	CCONJ
cblr-2872	881	33	critical	critical	ADJ
cblr-2872	881	34	,	,	PUNCT
cblr-2872	881	35	change	change	NOUN
cblr-2872	881	36	.	.	PUNCT
cblr-2872	882	1	"	"	PUNCT
cblr-2872	882	2	'	'	PUNCT
cblr-2872	882	3	for	for	ADP
cblr-2872	882	4	cleared	clear	VERB
cblr-2872	882	5	swaps	swap	NOUN
cblr-2872	882	6	,	,	PUNCT
cblr-2872	882	7	while	while	SCONJ
cblr-2872	882	8	an	an	DET
cblr-2872	882	9	fcm	fcm	NOUN
cblr-2872	882	10	may	may	AUX
cblr-2872	882	11	hold	hold	VERB
cblr-2872	882	12	assets	asset	NOUN
cblr-2872	882	13	of	of	ADP
cblr-2872	882	14	all	all	DET
cblr-2872	882	15	its	its	PRON
cblr-2872	882	16	cleared	clear	VERB
cblr-2872	882	17	swap	swap	NOUN
cblr-2872	882	18	customers	customer	NOUN
cblr-2872	882	19	in	in	ADP
cblr-2872	882	20	one	one	NUM
cblr-2872	882	21	customer	customer	NOUN
cblr-2872	882	22	account	account	NOUN
cblr-2872	882	23	,	,	PUNCT
cblr-2872	882	24	the	the	DET
cblr-2872	882	25	commodity	commodity	NOUN
cblr-2872	882	26	exchange	exchange	PROPN
cblr-2872	882	27	act	act	PROPN
cblr-2872	882	28	prohibits	prohibit	VERB
cblr-2872	882	29	an	an	DET
cblr-2872	882	30	fcm	fcm	NOUN
cblr-2872	882	31	and	and	CCONJ
cblr-2872	882	32	clearinghouse	clearinghouse	NOUN
cblr-2872	882	33	from	from	ADP
cblr-2872	882	34	treating	treat	VERB
cblr-2872	882	35	those	those	DET
cblr-2872	882	36	assets	asset	NOUN
cblr-2872	882	37	as	as	ADP
cblr-2872	882	38	belonging	belong	VERB
cblr-2872	882	39	"	"	PUNCT
cblr-2872	882	40	to	to	ADP
cblr-2872	882	41	the	the	DET
cblr-2872	882	42	depositing	depositing	NOUN
cblr-2872	882	43	[	[	X
cblr-2872	882	44	fcm	fcm	X
cblr-2872	882	45	]	]	X
cblr-2872	882	46	or	or	CCONJ
cblr-2872	882	47	any	any	DET
cblr-2872	882	48	person	person	NOUN
cblr-2872	882	49	other	other	ADJ
cblr-2872	882	50	than	than	ADP
cblr-2872	882	51	the	the	DET
cblr-2872	882	52	swaps	swap	NOUN
cblr-2872	882	53	customer	customer	NOUN
cblr-2872	882	54	of	of	ADP
cblr-2872	882	55	the	the	DET
cblr-2872	882	56	[	[	X
cblr-2872	882	57	fcm]."11	fcm]."11	ADJ
cblr-2872	882	58	2	2	NUM
cblr-2872	882	59	the	the	DET
cblr-2872	882	60	cftc	cftc	PROPN
cblr-2872	882	61	interpreted	interpret	VERB
cblr-2872	882	62	congress	congress	PROPN
cblr-2872	882	63	'	'	PART
cblr-2872	882	64	change	change	NOUN
cblr-2872	882	65	to	to	ADP
cblr-2872	882	66	the	the	DET
cblr-2872	882	67	singular	singular	ADJ
cblr-2872	882	68	"	"	PUNCT
cblr-2872	882	69	customer	customer	NOUN
cblr-2872	882	70	"	"	PUNCT
cblr-2872	882	71	in	in	ADP
cblr-2872	882	72	the	the	DET
cblr-2872	882	73	swap	swap	NOUN
cblr-2872	882	74	context	context	NOUN
cblr-2872	882	75	from	from	ADP
cblr-2872	882	76	the	the	DET
cblr-2872	882	77	plural	plural	ADJ
cblr-2872	882	78	"	"	PUNCT
cblr-2872	882	79	customers	customer	NOUN
cblr-2872	882	80	"	"	PUNCT
cblr-2872	882	81	in	in	ADP
cblr-2872	882	82	the	the	DET
cblr-2872	882	83	futures	future	NOUN
cblr-2872	882	84	context	context	NOUN
cblr-2872	882	85	to	to	PART
cblr-2872	882	86	mean	mean	VERB
cblr-2872	882	87	that	that	SCONJ
cblr-2872	882	88	a	a	DET
cblr-2872	882	89	clearinghouse	clearinghouse	NOUN
cblr-2872	882	90	was	be	AUX
cblr-2872	882	91	restricted	restrict	VERB
cblr-2872	882	92	from	from	ADP
cblr-2872	882	93	looking	look	VERB
cblr-2872	882	94	to	to	ADP
cblr-2872	882	95	the	the	DET
cblr-2872	882	96	collateral	collateral	NOUN
cblr-2872	882	97	of	of	ADP
cblr-2872	882	98	non	non	ADJ
cblr-2872	882	99	-	-	ADJ
cblr-2872	882	100	defaulting	defaulting	ADJ
cblr-2872	882	101	customers	customer	NOUN
cblr-2872	882	102	of	of	ADP
cblr-2872	882	103	an	an	DET
cblr-2872	882	104	fcm	fcm	X
cblr-2872	882	105	in	in	ADP
cblr-2872	882	106	the	the	DET
cblr-2872	882	107	case	case	NOUN
cblr-2872	882	108	of	of	ADP
cblr-2872	882	109	a	a	DET
cblr-2872	882	110	double	double	ADJ
cblr-2872	882	111	default	default	NOUN
cblr-2872	882	112	.	.	PUNCT
cblr-2872	883	1	113	113	NUM
cblr-2872	883	2	after	after	ADP
cblr-2872	883	3	considering	consider	VERB
cblr-2872	883	4	four	four	NUM
cblr-2872	883	5	potential	potential	ADJ
cblr-2872	883	6	alternative	alternative	ADJ
cblr-2872	883	7	methods	method	NOUN
cblr-2872	883	8	to	to	PART
cblr-2872	883	9	protect	protect	VERB
cblr-2872	883	10	cleared	clear	VERB
cblr-2872	883	11	swaps	swap	NOUN
cblr-2872	883	12	customer	customer	NOUN
cblr-2872	883	13	collateral	collateral	NOUN
cblr-2872	883	14	,	,	PUNCT
cblr-2872	883	15	'	'	PUNCT
cblr-2872	883	16	14	14	NUM
cblr-2872	883	17	the	the	DET
cblr-2872	883	18	cftc	cftc	PROPN
cblr-2872	883	19	adopted	adopt	VERB
cblr-2872	883	20	regulations	regulation	NOUN
cblr-2872	883	21	in	in	ADP
cblr-2872	883	22	january	january	PROPN
cblr-2872	883	23	2012	2012	NUM
cblr-2872	883	24	to	to	PART
cblr-2872	883	25	implement	implement	VERB
cblr-2872	883	26	a	a	DET
cblr-2872	883	27	new	new	ADJ
cblr-2872	883	28	customer	customer	NOUN
cblr-2872	883	29	collateral	collateral	NOUN
cblr-2872	883	30	protection	protection	NOUN
cblr-2872	883	31	regime	regime	NOUN
cblr-2872	883	32	titled	title	VERB
cblr-2872	883	33	"	"	PUNCT
cblr-2872	883	34	legal	legal	ADJ
cblr-2872	883	35	[	[	X
cblr-2872	883	36	futures	future	NOUN
cblr-2872	883	37	model	model	NOUN
cblr-2872	883	38	]	]	PUNCT
cblr-2872	883	39	would	would	AUX
cblr-2872	883	40	not	not	PART
cblr-2872	883	41	prohibit	prohibit	VERB
cblr-2872	883	42	a	a	DET
cblr-2872	883	43	dco	dco	NOUN
cblr-2872	883	44	from	from	ADP
cblr-2872	883	45	accessing	access	VERB
cblr-2872	883	46	the	the	DET
cblr-2872	883	47	collateral	collateral	NOUN
cblr-2872	883	48	of	of	ADP
cblr-2872	883	49	the	the	DET
cblr-2872	883	50	non	non	ADJ
cblr-2872	883	51	-	-	ADJ
cblr-2872	883	52	defaulting	defaulting	ADJ
cblr-2872	883	53	cleared	clear	VERB
cblr-2872	883	54	swaps	swap	NOUN
cblr-2872	883	55	customers	customer	NOUN
cblr-2872	883	56	.	.	PUNCT
cblr-2872	884	1	however	however	ADV
cblr-2872	884	2	,	,	PUNCT
cblr-2872	884	3	unlike	unlike	ADP
cblr-2872	884	4	the	the	DET
cblr-2872	884	5	legal	legal	ADJ
cblr-2872	884	6	segregation	segregation	NOUN
cblr-2872	884	7	with	with	ADP
cblr-2872	884	8	recourse	recourse	NOUN
cblr-2872	884	9	model	model	NOUN
cblr-2872	884	10	,	,	PUNCT
cblr-2872	884	11	under	under	ADP
cblr-2872	884	12	the	the	DET
cblr-2872	884	13	[	[	NOUN
cblr-2872	884	14	futures	future	NOUN
cblr-2872	884	15	model	model	NOUN
cblr-2872	884	16	]	]	PUNCT
cblr-2872	884	17	the	the	DET
cblr-2872	884	18	dco	dco	PROPN
cblr-2872	884	19	would	would	AUX
cblr-2872	884	20	be	be	AUX
cblr-2872	884	21	permitted	permit	VERB
cblr-2872	884	22	to	to	PART
cblr-2872	884	23	access	access	VERB
cblr-2872	884	24	such	such	ADJ
cblr-2872	884	25	collateral	collateral	NOUN
cblr-2872	884	26	before	before	ADP
cblr-2872	884	27	applying	apply	VERB
cblr-2872	884	28	its	its	PRON
cblr-2872	884	29	own	own	ADJ
cblr-2872	884	30	capital	capital	NOUN
cblr-2872	884	31	or	or	CCONJ
cblr-2872	884	32	the	the	DET
cblr-2872	884	33	guaranty	guaranty	NOUN
cblr-2872	884	34	fund	fund	NOUN
cblr-2872	884	35	contributions	contribution	NOUN
cblr-2872	884	36	of	of	ADP
cblr-2872	884	37	non	non	ADJ
cblr-2872	884	38	-	-	ADJ
cblr-2872	884	39	defaulting	defaulting	ADJ
cblr-2872	884	40	fcm	fcm	NOUN
cblr-2872	884	41	members	member	NOUN
cblr-2872	884	42	.	.	PUNCT
cblr-2872	885	1	"	"	PUNCT
cblr-2872	885	2	)	)	PUNCT
cblr-2872	885	3	.	.	PUNCT
cblr-2872	886	1	111	111	NUM
cblr-2872	886	2	dodd	dodd	PROPN
cblr-2872	886	3	-	-	PUNCT
cblr-2872	886	4	frank	frank	PROPN
cblr-2872	886	5	wall	wall	PROPN
cblr-2872	886	6	street	street	PROPN
cblr-2872	886	7	reform	reform	PROPN
cblr-2872	886	8	and	and	CCONJ
cblr-2872	886	9	consumer	consumer	NOUN
cblr-2872	886	10	protection	protection	PROPN
cblr-2872	886	11	act	act	PROPN
cblr-2872	886	12	,	,	PUNCT
cblr-2872	886	13	pub	pub	NOUN
cblr-2872	886	14	.	.	PUNCT
cblr-2872	887	1	l.	l.	PROPN
cblr-2872	887	2	no	no	INTJ
cblr-2872	887	3	.	.	PROPN
cblr-2872	887	4	111	111	NUM
cblr-2872	887	5	-	-	SYM
cblr-2872	887	6	203	203	NUM
cblr-2872	887	7	,	,	PUNCT
cblr-2872	887	8	124	124	NUM
cblr-2872	887	9	stat	stat	NOUN
cblr-2872	887	10	.	.	PUNCT
cblr-2872	888	1	1376	1376	NUM
cblr-2872	888	2	§	§	PROPN
cblr-2872	888	3	724	724	NUM
cblr-2872	888	4	,	,	PUNCT
cblr-2872	888	5	7	7	NUM
cblr-2872	888	6	u.s.c	u.s.c	ADJ
cblr-2872	888	7	.	.	PUNCT
cblr-2872	889	1	§	§	PROPN
cblr-2872	889	2	6(f	6(f	NUM
cblr-2872	889	3	)	)	PUNCT
cblr-2872	889	4	(	(	PUNCT
cblr-2872	889	5	2010	2010	NUM
cblr-2872	889	6	)	)	PUNCT
cblr-2872	889	7	.	.	PUNCT
cblr-2872	890	1	112	112	NUM
cblr-2872	890	2	commodity	commodity	NOUN
cblr-2872	890	3	exchange	exchange	NOUN
cblr-2872	890	4	act	act	NOUN
cblr-2872	890	5	§	§	PROPN
cblr-2872	890	6	4d(f)(6	4d(f)(6	NUM
cblr-2872	890	7	)	)	PUNCT
cblr-2872	890	8	,	,	PUNCT
cblr-2872	890	9	7	7	NUM
cblr-2872	890	10	u.s.c	u.s.c	NOUN
cblr-2872	890	11	.	.	PUNCT
cblr-2872	891	1	§	§	PROPN
cblr-2872	891	2	6d(f)(6	6d(f)(6	NUM
cblr-2872	891	3	)	)	PUNCT
cblr-2872	891	4	(	(	PUNCT
cblr-2872	891	5	emphasis	emphasis	NOUN
cblr-2872	891	6	added	add	VERB
cblr-2872	891	7	)	)	PUNCT
cblr-2872	891	8	.	.	PUNCT
cblr-2872	892	1	113	113	NUM
cblr-2872	892	2	protection	protection	NOUN
cblr-2872	892	3	of	of	ADP
cblr-2872	892	4	cleared	clear	VERB
cblr-2872	892	5	swaps	swap	NOUN
cblr-2872	892	6	customers	customer	NOUN
cblr-2872	892	7	before	before	ADP
cblr-2872	892	8	and	and	CCONJ
cblr-2872	892	9	after	after	ADP
cblr-2872	892	10	commodity	commodity	NOUN
cblr-2872	892	11	broker	broker	NOUN
cblr-2872	892	12	bankruptcies	bankruptcy	NOUN
cblr-2872	892	13	,	,	PUNCT
cblr-2872	892	14	75	75	NUM
cblr-2872	892	15	fed	feed	VERB
cblr-2872	892	16	.	.	PUNCT
cblr-2872	893	1	reg	reg	PROPN
cblr-2872	893	2	.	.	PUNCT
cblr-2872	894	1	75,162	75,162	NUM
cblr-2872	894	2	(	(	PUNCT
cblr-2872	894	3	proposed	propose	VERB
cblr-2872	894	4	dec	dec	PROPN
cblr-2872	894	5	.	.	PROPN
cblr-2872	894	6	2	2	NUM
cblr-2872	894	7	,	,	PUNCT
cblr-2872	894	8	2010	2010	NUM
cblr-2872	894	9	)	)	PUNCT
cblr-2872	894	10	(	(	PUNCT
cblr-2872	894	11	amending	amend	VERB
cblr-2872	894	12	17	17	NUM
cblr-2872	894	13	c.f.r	c.f.r	NOUN
cblr-2872	894	14	.	.	PUNCT
cblr-2872	895	1	pt	pt	PROPN
cblr-2872	895	2	.	.	PROPN
cblr-2872	895	3	190	190	NUM
cblr-2872	895	4	)	)	PUNCT
cblr-2872	895	5	.	.	PUNCT
cblr-2872	896	1	114	114	NUM
cblr-2872	896	2	the	the	DET
cblr-2872	896	3	four	four	NUM
cblr-2872	896	4	potential	potential	ADJ
cblr-2872	896	5	alternatives	alternative	NOUN
cblr-2872	896	6	were	be	AUX
cblr-2872	896	7	described	describe	VERB
cblr-2872	896	8	as	as	SCONJ
cblr-2872	896	9	follows	follow	VERB
cblr-2872	896	10	:	:	PUNCT
cblr-2872	896	11	(	(	PUNCT
cblr-2872	896	12	1	1	X
cblr-2872	896	13	)	)	PUNCT
cblr-2872	896	14	"	"	PUNCT
cblr-2872	896	15	full	full	ADJ
cblr-2872	896	16	physical	physical	ADJ
cblr-2872	896	17	segregation	segregation	NOUN
cblr-2872	896	18	;	;	PUNCT
cblr-2872	896	19	"	"	PUNCT
cblr-2872	896	20	(	(	PUNCT
cblr-2872	896	21	2	2	X
cblr-2872	896	22	)	)	PUNCT
cblr-2872	896	23	"	"	PUNCT
cblr-2872	896	24	legal	legal	ADJ
cblr-2872	896	25	segregation	segregation	NOUN
cblr-2872	896	26	with	with	ADP
cblr-2872	896	27	commingling	commingle	VERB
cblr-2872	896	28	;	;	PUNCT
cblr-2872	896	29	"	"	PUNCT
cblr-2872	896	30	(	(	PUNCT
cblr-2872	896	31	3	3	X
cblr-2872	896	32	)	)	PUNCT
cblr-2872	896	33	"	"	PUNCT
cblr-2872	896	34	moving	move	VERB
cblr-2872	896	35	customers	customer	NOUN
cblr-2872	896	36	to	to	ADP
cblr-2872	896	37	the	the	DET
cblr-2872	896	38	back	back	NOUN
cblr-2872	896	39	of	of	ADP
cblr-2872	896	40	the	the	DET
cblr-2872	896	41	waterfall	waterfall	NOUN
cblr-2872	896	42	;	;	PUNCT
cblr-2872	896	43	"	"	PUNCT
cblr-2872	896	44	and	and	CCONJ
cblr-2872	896	45	(	(	PUNCT
cblr-2872	896	46	4	4	NUM
cblr-2872	896	47	)	)	PUNCT
cblr-2872	896	48	"	"	PUNCT
cblr-2872	896	49	baseline	baseline	NOUN
cblr-2872	896	50	model	model	NOUN
cblr-2872	896	51	.	.	PUNCT
cblr-2872	896	52	"	"	PUNCT
cblr-2872	897	1	i	i	PRON
cblr-2872	897	2	d.	d.	PROPN
cblr-2872	897	3	at	at	ADP
cblr-2872	897	4	75,164	75,164	NUM
cblr-2872	897	5	.	.	PUNCT
cblr-2872	898	1	col	col	PROPN
cblr-2872	898	2	umbia	umbia	PROPN
cblr-2872	898	3	b	b	PROPN
cblr-2872	898	4	usiness	usiness	PROPN
cblr-2872	898	5	la	la	PROPN
cblr-2872	898	6	w	w	PROPN
cblr-2872	898	7	re	re	PROPN
cblr-2872	898	8	vie	vie	PROPN
cblr-2872	898	9	w	w	PROPN
cblr-2872	899	1	[	[	X
cblr-2872	899	2	vol	vol	NOUN
cblr-2872	899	3	.	.	PUNCT
cblr-2872	899	4	2013724	2013724	NUM
cblr-2872	899	5	separation	separation	NOUN
cblr-2872	899	6	with	with	ADP
cblr-2872	899	7	operational	operational	ADJ
cblr-2872	899	8	commingling	commingling	NOUN
cblr-2872	899	9	"	"	PUNCT
cblr-2872	899	10	(	(	PUNCT
cblr-2872	899	11	"	"	PUNCT
cblr-2872	899	12	lsoc	lsoc	NOUN
cblr-2872	899	13	"	"	PUNCT
cblr-2872	899	14	)	)	PUNCT
cblr-2872	899	15	,	,	PUNCT
cblr-2872	899	16	striking	strike	VERB
cblr-2872	899	17	a	a	DET
cblr-2872	899	18	compromise	compromise	NOUN
cblr-2872	899	19	between	between	ADP
cblr-2872	899	20	the	the	DET
cblr-2872	899	21	need	need	NOUN
cblr-2872	899	22	to	to	PART
cblr-2872	899	23	minimize	minimize	VERB
cblr-2872	899	24	cost	cost	NOUN
cblr-2872	899	25	of	of	ADP
cblr-2872	899	26	account	account	NOUN
cblr-2872	899	27	management	management	NOUN
cblr-2872	899	28	and	and	CCONJ
cblr-2872	899	29	the	the	DET
cblr-2872	899	30	need	need	NOUN
cblr-2872	899	31	to	to	PART
cblr-2872	899	32	protect	protect	VERB
cblr-2872	899	33	against	against	ADP
cblr-2872	899	34	"	"	PUNCT
cblr-2872	899	35	fellowcustomer	fellowcustomer	ADJ
cblr-2872	899	36	risk	risk	NOUN
cblr-2872	899	37	.	.	PUNCT
cblr-2872	900	1	"	"	PUNCT
cblr-2872	900	2	"	"	PUNCT
cblr-2872	900	3	under	under	ADP
cblr-2872	900	4	the	the	DET
cblr-2872	900	5	lsoc	lsoc	PROPN
cblr-2872	900	6	model	model	NOUN
cblr-2872	900	7	,	,	PUNCT
cblr-2872	900	8	an	an	DET
cblr-2872	900	9	fcm	fcm	NOUN
cblr-2872	900	10	may	may	AUX
cblr-2872	900	11	hold	hold	VERB
cblr-2872	900	12	the	the	DET
cblr-2872	900	13	collateral	collateral	NOUN
cblr-2872	900	14	of	of	ADP
cblr-2872	900	15	all	all	PRON
cblr-2872	900	16	of	of	ADP
cblr-2872	900	17	its	its	PRON
cblr-2872	900	18	customers	customer	NOUN
cblr-2872	900	19	in	in	ADP
cblr-2872	900	20	a	a	DET
cblr-2872	900	21	single	single	ADJ
cblr-2872	900	22	cleared	clear	VERB
cblr-2872	900	23	swaps	swap	NOUN
cblr-2872	900	24	customer	customer	NOUN
cblr-2872	900	25	account	account	NOUN
cblr-2872	900	26	,	,	PUNCT
cblr-2872	900	27	but	but	CCONJ
cblr-2872	900	28	for	for	ADP
cblr-2872	900	29	legal	legal	ADJ
cblr-2872	900	30	purposes	purpose	NOUN
cblr-2872	900	31	,	,	PUNCT
cblr-2872	900	32	must	must	AUX
cblr-2872	900	33	treat	treat	VERB
cblr-2872	900	34	the	the	DET
cblr-2872	900	35	collateral	collateral	NOUN
cblr-2872	900	36	separately	separately	ADV
cblr-2872	900	37	on	on	ADP
cblr-2872	900	38	a	a	DET
cblr-2872	900	39	customer	customer	NOUN
cblr-2872	900	40	-	-	PUNCT
cblr-2872	900	41	by	by	ADP
cblr-2872	900	42	-	-	PUNCT
cblr-2872	900	43	customer	customer	NOUN
cblr-2872	900	44	basis.116	basis.116	NOUN
cblr-2872	900	45	in	in	ADP
cblr-2872	900	46	the	the	DET
cblr-2872	900	47	case	case	NOUN
cblr-2872	900	48	of	of	ADP
cblr-2872	900	49	a	a	DET
cblr-2872	900	50	double	double	ADJ
cblr-2872	900	51	default	default	NOUN
cblr-2872	900	52	,	,	PUNCT
cblr-2872	900	53	the	the	DET
cblr-2872	900	54	clearinghouse	clearinghouse	NOUN
cblr-2872	900	55	is	be	AUX
cblr-2872	900	56	only	only	ADV
cblr-2872	900	57	permitted	permit	VERB
cblr-2872	900	58	to	to	PART
cblr-2872	900	59	use	use	VERB
cblr-2872	900	60	an	an	DET
cblr-2872	900	61	amount	amount	NOUN
cblr-2872	900	62	of	of	ADP
cblr-2872	900	63	funds	fund	NOUN
cblr-2872	900	64	from	from	ADP
cblr-2872	900	65	the	the	DET
cblr-2872	900	66	fcm	fcm	PROPN
cblr-2872	900	67	's	's	PART
cblr-2872	900	68	customer	customer	NOUN
cblr-2872	900	69	account	account	NOUN
cblr-2872	900	70	equal	equal	ADJ
cblr-2872	900	71	to	to	ADP
cblr-2872	900	72	the	the	DET
cblr-2872	900	73	amount	amount	NOUN
cblr-2872	900	74	attributable	attributable	ADJ
cblr-2872	900	75	to	to	ADP
cblr-2872	900	76	the	the	DET
cblr-2872	900	77	defaulting	default	VERB
cblr-2872	900	78	customer	customer	NOUN
cblr-2872	900	79	,	,	PUNCT
cblr-2872	900	80	thereby	thereby	ADV
cblr-2872	900	81	protecting	protect	VERB
cblr-2872	900	82	other	other	ADJ
cblr-2872	900	83	customers	customer	NOUN
cblr-2872	900	84	from	from	ADP
cblr-2872	900	85	fellow	fellow	ADJ
cblr-2872	900	86	-	-	PUNCT
cblr-2872	900	87	customer	customer	NOUN
cblr-2872	900	88	risk	risk	NOUN
cblr-2872	900	89	.	.	PUNCT
cblr-2872	901	1	however	however	ADV
cblr-2872	901	2	,	,	PUNCT
cblr-2872	901	3	in	in	ADP
cblr-2872	901	4	the	the	DET
cblr-2872	901	5	case	case	NOUN
cblr-2872	901	6	of	of	ADP
cblr-2872	901	7	an	an	DET
cblr-2872	901	8	fcm	fcm	NOUN
cblr-2872	901	9	bankruptcy	bankruptcy	NOUN
cblr-2872	901	10	,	,	PUNCT
cblr-2872	901	11	because	because	SCONJ
cblr-2872	901	12	the	the	DET
cblr-2872	901	13	bankruptcy	bankruptcy	NOUN
cblr-2872	901	14	code	code	PROPN
cblr-2872	901	15	"	"	PUNCT
cblr-2872	901	16	'	'	PUNCT
cblr-2872	901	17	and	and	CCONJ
cblr-2872	901	18	cftc	cftc	PROPN
cblr-2872	901	19	regulations	regulation	NOUN
cblr-2872	901	20	"	"	PUNCT
cblr-2872	901	21	8	8	NUM
cblr-2872	901	22	require	require	VERB
cblr-2872	901	23	pro	pro	ADJ
cblr-2872	901	24	rata	rata	ADJ
cblr-2872	901	25	distribution	distribution	NOUN
cblr-2872	901	26	of	of	ADP
cblr-2872	901	27	cleared	clear	VERB
cblr-2872	901	28	swap	swap	NOUN
cblr-2872	901	29	customer	customer	NOUN
cblr-2872	901	30	property	property	NOUN
cblr-2872	901	31	to	to	ADP
cblr-2872	901	32	customers	customer	NOUN
cblr-2872	901	33	of	of	ADP
cblr-2872	901	34	the	the	DET
cblr-2872	901	35	fcm	fcm	PROPN
cblr-2872	901	36	,	,	PUNCT
cblr-2872	901	37	cleared	clear	VERB
cblr-2872	901	38	swap	swap	NOUN
cblr-2872	901	39	customers	customer	NOUN
cblr-2872	901	40	are	be	AUX
cblr-2872	901	41	nonetheless	nonetheless	ADV
cblr-2872	901	42	subject	subject	ADJ
cblr-2872	901	43	to	to	ADP
cblr-2872	901	44	some	some	DET
cblr-2872	901	45	level	level	NOUN
cblr-2872	901	46	of	of	ADP
cblr-2872	901	47	fellowcustomer	fellowcustomer	ADJ
cblr-2872	901	48	risk	risk	NOUN
cblr-2872	901	49	.	.	PUNCT
cblr-2872	902	1	uncleared	uncleared	ADJ
cblr-2872	902	2	swaps	swap	NOUN
cblr-2872	902	3	.	.	PUNCT
cblr-2872	903	1	unlike	unlike	ADP
cblr-2872	903	2	for	for	ADP
cblr-2872	903	3	cleared	clear	VERB
cblr-2872	903	4	swaps	swap	NOUN
cblr-2872	903	5	,	,	PUNCT
cblr-2872	903	6	collateral	collateral	NOUN
cblr-2872	903	7	posted	post	VERB
cblr-2872	903	8	to	to	PART
cblr-2872	903	9	meet	meet	VERB
cblr-2872	903	10	bilateral	bilateral	ADJ
cblr-2872	903	11	margin	margin	NOUN
cblr-2872	903	12	requirements	requirement	NOUN
cblr-2872	903	13	for	for	ADP
cblr-2872	903	14	an	an	DET
cblr-2872	903	15	uncleared	uncleared	ADJ
cblr-2872	903	16	swap	swap	NOUN
cblr-2872	903	17	does	do	AUX
cblr-2872	903	18	not	not	PART
cblr-2872	903	19	need	need	VERB
cblr-2872	903	20	to	to	PART
cblr-2872	903	21	be	be	AUX
cblr-2872	903	22	held	hold	VERB
cblr-2872	903	23	by	by	ADP
cblr-2872	903	24	an	an	DET
cblr-2872	903	25	fcm	fcm	NOUN
cblr-2872	903	26	or	or	CCONJ
cblr-2872	903	27	by	by	ADP
cblr-2872	903	28	a	a	DET
cblr-2872	903	29	clearinghouse	clearinghouse	NOUN
cblr-2872	903	30	.	.	PUNCT
cblr-2872	904	1	thus	thus	ADV
cblr-2872	904	2	,	,	PUNCT
cblr-2872	904	3	uncleared	uncleared	ADJ
cblr-2872	904	4	swap	swap	NOUN
cblr-2872	904	5	collateral	collateral	NOUN
cblr-2872	904	6	is	be	AUX
cblr-2872	904	7	not	not	PART
cblr-2872	904	8	subject	subject	ADJ
cblr-2872	904	9	to	to	ADP
cblr-2872	904	10	the	the	DET
cblr-2872	904	11	same	same	ADJ
cblr-2872	904	12	type	type	NOUN
cblr-2872	904	13	of	of	ADP
cblr-2872	904	14	fellow	fellow	ADJ
cblr-2872	904	15	-	-	PUNCT
cblr-2872	904	16	customer	customer	NOUN
cblr-2872	904	17	risk	risk	NOUN
cblr-2872	904	18	as	as	SCONJ
cblr-2872	904	19	futures	future	NOUN
cblr-2872	904	20	collateral	collateral	NOUN
cblr-2872	904	21	held	hold	VERB
cblr-2872	904	22	at	at	ADP
cblr-2872	904	23	a	a	DET
cblr-2872	904	24	clearinghouse	clearinghouse	NOUN
cblr-2872	904	25	or	or	CCONJ
cblr-2872	904	26	with	with	ADP
cblr-2872	904	27	an	an	DET
cblr-2872	904	28	fcm	fcm	X
cblr-2872	904	29	.	.	PUNCT
cblr-2872	905	1	as	as	ADP
cblr-2872	905	2	in	in	ADP
cblr-2872	905	3	the	the	DET
cblr-2872	905	4	case	case	NOUN
cblr-2872	905	5	of	of	ADP
cblr-2872	905	6	cleared	clear	VERB
cblr-2872	905	7	swaps	swap	NOUN
cblr-2872	905	8	,	,	PUNCT
cblr-2872	905	9	however	however	ADV
cblr-2872	905	10	,	,	PUNCT
cblr-2872	905	11	parties	party	NOUN
cblr-2872	905	12	would	would	AUX
cblr-2872	905	13	be	be	AUX
cblr-2872	905	14	subject	subject	ADJ
cblr-2872	905	15	to	to	ADP
cblr-2872	905	16	risk	risk	NOUN
cblr-2872	905	17	of	of	ADP
cblr-2872	905	18	losses	loss	NOUN
cblr-2872	905	19	upon	upon	SCONJ
cblr-2872	905	20	the	the	DET
cblr-2872	905	21	insolvency	insolvency	NOUN
cblr-2872	905	22	of	of	ADP
cblr-2872	905	23	their	their	PRON
cblr-2872	905	24	counterparties	counterpartie	NOUN
cblr-2872	905	25	.	.	PUNCT
cblr-2872	906	1	the	the	DET
cblr-2872	906	2	following	follow	VERB
cblr-2872	906	3	chart	chart	NOUN
cblr-2872	906	4	summarizes	summarize	VERB
cblr-2872	906	5	the	the	DET
cblr-2872	906	6	level	level	NOUN
cblr-2872	906	7	of	of	ADP
cblr-2872	906	8	fellowcustomer	fellowcustomer	ADJ
cblr-2872	906	9	risk	risk	NOUN
cblr-2872	906	10	for	for	ADP
cblr-2872	906	11	futures	future	NOUN
cblr-2872	906	12	,	,	PUNCT
cblr-2872	906	13	cleared	clear	VERB
cblr-2872	906	14	swaps	swap	NOUN
cblr-2872	906	15	,	,	PUNCT
cblr-2872	906	16	and	and	CCONJ
cblr-2872	906	17	uncleared	uncleared	ADJ
cblr-2872	906	18	swaps	swap	NOUN
cblr-2872	906	19	.	.	PUNCT
cblr-2872	907	1	115	115	NUM
cblr-2872	907	2	protection	protection	NOUN
cblr-2872	907	3	of	of	ADP
cblr-2872	907	4	cleared	clear	VERB
cblr-2872	907	5	swaps	swap	NOUN
cblr-2872	907	6	customer	customer	NOUN
cblr-2872	907	7	contracts	contract	NOUN
cblr-2872	907	8	and	and	CCONJ
cblr-2872	907	9	collateral	collateral	NOUN
cblr-2872	907	10	;	;	PUNCT
cblr-2872	907	11	conforming	conform	VERB
cblr-2872	907	12	amendments	amendment	NOUN
cblr-2872	907	13	to	to	ADP
cblr-2872	907	14	the	the	DET
cblr-2872	907	15	commodity	commodity	NOUN
cblr-2872	907	16	broker	broker	NOUN
cblr-2872	907	17	bankruptcy	bankruptcy	NOUN
cblr-2872	907	18	provisions	provision	NOUN
cblr-2872	907	19	,	,	PUNCT
cblr-2872	907	20	77	77	NUM
cblr-2872	907	21	fed	fed	PROPN
cblr-2872	907	22	.	.	PUNCT
cblr-2872	908	1	reg	reg	PROPN
cblr-2872	908	2	.	.	PUNCT
cblr-2872	909	1	at	at	ADP
cblr-2872	909	2	6344	6344	NUM
cblr-2872	909	3	.	.	PUNCT
cblr-2872	910	1	116	116	NUM
cblr-2872	911	1	i	i	PRON
cblr-2872	911	2	d.	d.	VERB
cblr-2872	911	3	at	at	ADP
cblr-2872	911	4	6339	6339	NUM
cblr-2872	911	5	.	.	PUNCT
cblr-2872	912	1	117	117	NUM
cblr-2872	912	2	11	11	NUM
cblr-2872	912	3	u.s.c	u.s.c	NOUN
cblr-2872	912	4	.	.	PUNCT
cblr-2872	913	1	§	§	PROPN
cblr-2872	913	2	766(h	766(h	PROPN
cblr-2872	913	3	)	)	PUNCT
cblr-2872	913	4	(	(	PUNCT
cblr-2872	913	5	2006	2006	NUM
cblr-2872	913	6	)	)	PUNCT
cblr-2872	913	7	.	.	PUNCT
cblr-2872	914	1	11s	11	NOUN
cblr-2872	914	2	17	17	NUM
cblr-2872	914	3	c.f.r	c.f.r	NOUN
cblr-2872	914	4	.	.	PUNCT
cblr-2872	915	1	§	§	PROPN
cblr-2872	915	2	190.08(c	190.08(c	PROPN
cblr-2872	915	3	)	)	PUNCT
cblr-2872	915	4	(	(	PUNCT
cblr-2872	915	5	2013	2013	NUM
cblr-2872	915	6	)	)	PUNCT
cblr-2872	915	7	.	.	PUNCT
cblr-2872	916	1	725regula	725regula	PROPN
cblr-2872	916	2	tion	tion	NOUN
cblr-2872	916	3	through	through	ADP
cblr-2872	916	4	substitutionno	substitutionno	NOUN
cblr-2872	916	5	,	,	PUNCT
cblr-2872	916	6	3:667	3:667	NUM
cblr-2872	916	7	]	]	PUNCT
cblr-2872	916	8	)	)	PUNCT
cblr-2872	916	9	columbia	columbia	PROPN
cblr-2872	916	10	business	business	PROPN
cblr-2872	916	11	law	law	PROPN
cblr-2872	916	12	review	review	NOUN
cblr-2872	916	13	figure	figure	NOUN
cblr-2872	916	14	9	9	NUM
cblr-2872	916	15	:	:	PUNCT
cblr-2872	916	16	comparison	comparison	NOUN
cblr-2872	916	17	of	of	ADP
cblr-2872	916	18	exposure	exposure	NOUN
cblr-2872	916	19	to	to	ADP
cblr-2872	916	20	fellow	fellow	ADJ
cblr-2872	916	21	customer	customer	NOUN
cblr-2872	916	22	default	default	NOUN
cblr-2872	916	23	for	for	ADP
cblr-2872	916	24	futures	future	NOUN
cblr-2872	916	25	,	,	PUNCT
cblr-2872	916	26	cleared	clear	VERB
cblr-2872	916	27	swaps	swap	NOUN
cblr-2872	916	28	,	,	PUNCT
cblr-2872	916	29	and	and	CCONJ
cblr-2872	916	30	uncleared	uncleared	ADJ
cblr-2872	916	31	swaps	swap	NOUN
cblr-2872	916	32	futures	future	NOUN
cblr-2872	916	33	cleared	clear	VERB
cblr-2872	916	34	swaps	swap	NOUN
cblr-2872	916	35	uncleared	uncleared	ADJ
cblr-2872	916	36	swaps	swap	NOUN
cblr-2872	916	37	exposure	exposure	NOUN
cblr-2872	916	38	to	to	ADP
cblr-2872	916	39	full	full	ADJ
cblr-2872	916	40	none	none	NOUN
cblr-2872	916	41	,	,	PUNCT
cblr-2872	916	42	except	except	SCONJ
cblr-2872	916	43	in	in	ADP
cblr-2872	916	44	case	case	NOUN
cblr-2872	916	45	none	none	NOUN
cblr-2872	916	46	,	,	PUNCT
cblr-2872	916	47	except	except	SCONJ
cblr-2872	916	48	in	in	ADP
cblr-2872	916	49	"	"	PUNCT
cblr-2872	916	50	fellow	fellow	NOUN
cblr-2872	916	51	of	of	ADP
cblr-2872	916	52	fcm	fcm	PROPN
cblr-2872	916	53	bankruptcy	bankruptcy	NOUN
cblr-2872	916	54	case	case	NOUN
cblr-2872	916	55	of	of	ADP
cblr-2872	916	56	customer	customer	NOUN
cblr-2872	916	57	"	"	PUNCT
cblr-2872	916	58	counterparty	counterparty	NOUN
cblr-2872	916	59	default	default	NOUN
cblr-2872	916	60	bankruptcy	bankruptcy	NOUN
cblr-2872	916	61	2	2	NUM
cblr-2872	916	62	.	.	PUNCT
cblr-2872	917	1	futurization	futurization	NOUN
cblr-2872	917	2	implications	implication	NOUN
cblr-2872	917	3	due	due	ADP
cblr-2872	917	4	to	to	ADP
cblr-2872	917	5	the	the	DET
cblr-2872	917	6	added	add	VERB
cblr-2872	917	7	protection	protection	NOUN
cblr-2872	917	8	from	from	ADP
cblr-2872	917	9	"	"	PUNCT
cblr-2872	917	10	fellow	fellow	ADJ
cblr-2872	917	11	-	-	PUNCT
cblr-2872	917	12	customer	customer	NOUN
cblr-2872	917	13	risk	risk	NOUN
cblr-2872	917	14	"	"	PUNCT
cblr-2872	917	15	under	under	ADP
cblr-2872	917	16	lsoc	lsoc	PROPN
cblr-2872	917	17	,	,	PUNCT
cblr-2872	917	18	cleared	clear	VERB
cblr-2872	917	19	swap	swap	NOUN
cblr-2872	917	20	customers	customer	NOUN
cblr-2872	917	21	currently	currently	ADV
cblr-2872	917	22	enjoy	enjoy	VERB
cblr-2872	917	23	greater	great	ADJ
cblr-2872	917	24	protection	protection	NOUN
cblr-2872	917	25	for	for	ADP
cblr-2872	917	26	their	their	PRON
cblr-2872	917	27	cleared	clear	VERB
cblr-2872	917	28	swaps	swap	NOUN
cblr-2872	917	29	collateral	collateral	NOUN
cblr-2872	917	30	than	than	SCONJ
cblr-2872	917	31	do	do	VERB
cblr-2872	917	32	futures	future	NOUN
cblr-2872	917	33	customers	customer	NOUN
cblr-2872	917	34	under	under	ADP
cblr-2872	917	35	the	the	DET
cblr-2872	917	36	futures	future	NOUN
cblr-2872	917	37	rules	rule	NOUN
cblr-2872	917	38	.	.	PUNCT
cblr-2872	918	1	indeed	indeed	ADV
cblr-2872	918	2	,	,	PUNCT
cblr-2872	918	3	for	for	ADP
cblr-2872	918	4	those	those	DET
cblr-2872	918	5	futures	future	NOUN
cblr-2872	918	6	market	market	NOUN
cblr-2872	918	7	participants	participant	NOUN
cblr-2872	918	8	who	who	PRON
cblr-2872	918	9	qualify	qualify	VERB
cblr-2872	918	10	to	to	PART
cblr-2872	918	11	trade	trade	NOUN
cblr-2872	918	12	swaps	swap	NOUN
cblr-2872	918	13	,	,	PUNCT
cblr-2872	918	14	the	the	DET
cblr-2872	918	15	added	add	VERB
cblr-2872	918	16	protection	protection	NOUN
cblr-2872	918	17	afforded	afford	VERB
cblr-2872	918	18	by	by	ADP
cblr-2872	918	19	lsoc	lsoc	PROPN
cblr-2872	918	20	may	may	AUX
cblr-2872	918	21	make	make	VERB
cblr-2872	918	22	a	a	DET
cblr-2872	918	23	standardized	standardized	ADJ
cblr-2872	918	24	,	,	PUNCT
cblr-2872	918	25	cleared	clear	VERB
cblr-2872	918	26	swap	swap	NOUN
cblr-2872	918	27	transaction	transaction	NOUN
cblr-2872	918	28	more	more	ADV
cblr-2872	918	29	appealing	appealing	ADJ
cblr-2872	918	30	,	,	PUNCT
cblr-2872	918	31	even	even	ADV
cblr-2872	918	32	when	when	SCONJ
cblr-2872	918	33	balanced	balance	VERB
cblr-2872	918	34	with	with	ADP
cblr-2872	918	35	potentially	potentially	ADV
cblr-2872	918	36	higher	high	ADJ
cblr-2872	918	37	margin	margin	NOUN
cblr-2872	918	38	costs	cost	NOUN
cblr-2872	918	39	.	.	PUNCT
cblr-2872	919	1	in	in	ADP
cblr-2872	919	2	the	the	DET
cblr-2872	919	3	context	context	NOUN
cblr-2872	919	4	of	of	ADP
cblr-2872	919	5	our	our	PRON
cblr-2872	919	6	model	model	NOUN
cblr-2872	919	7	,	,	PUNCT
cblr-2872	919	8	the	the	DET
cblr-2872	919	9	protections	protection	NOUN
cblr-2872	919	10	afforded	afford	VERB
cblr-2872	919	11	by	by	ADP
cblr-2872	919	12	lsoc	lsoc	PROPN
cblr-2872	919	13	to	to	PART
cblr-2872	919	14	cleared	clear	VERB
cblr-2872	919	15	swaps	swap	NOUN
cblr-2872	919	16	customers	customer	NOUN
cblr-2872	919	17	lower	low	ADJ
cblr-2872	919	18	the	the	DET
cblr-2872	919	19	absolute	absolute	ADJ
cblr-2872	919	20	cost	cost	NOUN
cblr-2872	919	21	of	of	ADP
cblr-2872	919	22	cleared	clear	VERB
cblr-2872	919	23	swap	swap	NOUN
cblr-2872	919	24	transactions	transaction	NOUN
cblr-2872	919	25	.	.	PUNCT
cblr-2872	920	1	the	the	DET
cblr-2872	920	2	absolute	absolute	ADJ
cblr-2872	920	3	cost	cost	NOUN
cblr-2872	920	4	of	of	ADP
cblr-2872	920	5	futures	future	NOUN
cblr-2872	920	6	transactions	transaction	NOUN
cblr-2872	920	7	is	be	AUX
cblr-2872	920	8	unaffected	unaffected	ADJ
cblr-2872	920	9	by	by	ADP
cblr-2872	920	10	lsoc	lsoc	PROPN
cblr-2872	920	11	.	.	PUNCT
cblr-2872	921	1	thus	thus	ADV
cblr-2872	921	2	,	,	PUNCT
cblr-2872	921	3	lsoc	lsoc	PROPN
cblr-2872	921	4	would	would	AUX
cblr-2872	921	5	encourage	encourage	VERB
cblr-2872	921	6	the	the	DET
cblr-2872	921	7	swapification	swapification	NOUN
cblr-2872	921	8	of	of	ADP
cblr-2872	921	9	futures	future	NOUN
cblr-2872	921	10	contracts	contract	NOUN
cblr-2872	921	11	for	for	ADP
cblr-2872	921	12	all	all	DET
cblr-2872	921	13	market	market	NOUN
cblr-2872	921	14	participants	participant	NOUN
cblr-2872	921	15	,	,	PUNCT
cblr-2872	921	16	as	as	SCONJ
cblr-2872	921	17	pictured	picture	VERB
cblr-2872	921	18	in	in	ADP
cblr-2872	921	19	figure	figure	NOUN
cblr-2872	921	20	10	10	NUM
cblr-2872	921	21	.	.	PUNCT
cblr-2872	921	22	726	726	NUM
cblr-2872	922	1	[	[	X
cblr-2872	922	2	vol	vol	NOUN
cblr-2872	922	3	.	.	PUNCT
cblr-2872	922	4	2013	2013	NUM
cblr-2872	922	5	figure	figure	NOUN
cblr-2872	922	6	10	10	NUM
cblr-2872	922	7	:	:	PUNCT
cblr-2872	922	8	the	the	DET
cblr-2872	922	9	swapification	swapification	NOUN
cblr-2872	922	10	effects	effect	NOUN
cblr-2872	922	11	of	of	ADP
cblr-2872	922	12	lsoc	lsoc	PROPN
cblr-2872	922	13	decreased	decrease	VERB
cblr-2872	922	14	cost	cost	NOUN
cblr-2872	922	15	of	of	ADP
cblr-2872	922	16	cleared	clear	VERB
cblr-2872	922	17	swaps	swap	NOUN
cblr-2872	922	18	for	for	ADP
cblr-2872	922	19	customers	customer	NOUN
cblr-2872	922	20	of	of	ADP
cblr-2872	922	21	fcms	fcms	NOUN
cblr-2872	922	22	incentive	incentive	NOUN
cblr-2872	922	23	to	to	PART
cblr-2872	922	24	"	"	PUNCT
cblr-2872	922	25	swapify	swapify	VERB
cblr-2872	922	26	"	"	PUNCT
cblr-2872	922	27	.	.	PUNCT
cblr-2872	923	1	futures	future	NOUN
cblr-2872	923	2	into	into	ADP
cblr-2872	923	3	cleared	clear	VERB
cblr-2872	923	4	swaps	swap	NOUN
cblr-2872	923	5	no	no	DET
cblr-2872	923	6	transactions	transaction	NOUN
cblr-2872	923	7	swaps	swap	NOUN
cblr-2872	923	8	both	both	DET
cblr-2872	923	9	prand	prand	NOUN
cblr-2872	923	10	futures	future	NOUN
cblr-2872	923	11	both	both	PRON
cblr-2872	923	12	preand	preand	VERB
cblr-2872	923	13	swaps	swap	NOUN
cblr-2872	923	14	pre	pre	NOUN
cblr-2872	923	15	-	-	ADJ
cblr-2872	923	16	dodd	dodd	NOUN
cblr-2872	923	17	-	-	PUNCT
cblr-2872	923	18	frank	frank	ADJ
cblr-2872	923	19	,	,	PUNCT
cblr-2872	923	20	not	not	PART
cblr-2872	923	21	swapitod	swapitod	ADJ
cblr-2872	923	22	futorospost	futorospost	NOUN
cblr-2872	923	23	-	-	PUNCT
cblr-2872	923	24	dodd	dodd	NOUN
cblr-2872	923	25	-	-	PUNCT
cblr-2872	923	26	frank	frank	ADJ
cblr-2872	923	27	post	post	PROPN
cblr-2872	923	28	-	-	ADJ
cblr-2872	923	29	dodd	dodd	ADJ
cblr-2872	923	30	-	-	PUNCT
cblr-2872	923	31	frank	frank	PROPN
cblr-2872	923	32	transacted	transact	VERB
cblr-2872	923	33	postdoddfrank	postdoddfrank	NOUN
cblr-2872	923	34	this	this	DET
cblr-2872	923	35	result	result	NOUN
cblr-2872	923	36	is	be	AUX
cblr-2872	923	37	,	,	PUNCT
cblr-2872	923	38	at	at	ADP
cblr-2872	923	39	first	first	ADJ
cblr-2872	923	40	blush	blush	NOUN
cblr-2872	923	41	,	,	PUNCT
cblr-2872	923	42	puzzling	puzzle	VERB
cblr-2872	923	43	from	from	ADP
cblr-2872	923	44	a	a	DET
cblr-2872	923	45	policy	policy	NOUN
cblr-2872	923	46	perspective	perspective	NOUN
cblr-2872	923	47	.	.	PUNCT
cblr-2872	924	1	it	it	PRON
cblr-2872	924	2	is	be	AUX
cblr-2872	924	3	inconsistent	inconsistent	ADJ
cblr-2872	924	4	with	with	ADP
cblr-2872	924	5	the	the	DET
cblr-2872	924	6	premise	premise	NOUN
cblr-2872	924	7	that	that	SCONJ
cblr-2872	924	8	futures	future	NOUN
cblr-2872	924	9	market	market	NOUN
cblr-2872	924	10	participants	participant	NOUN
cblr-2872	924	11	are	be	AUX
cblr-2872	924	12	less	less	ADV
cblr-2872	924	13	sophisticated	sophisticated	ADJ
cblr-2872	924	14	and	and	CCONJ
cblr-2872	924	15	less	less	ADV
cblr-2872	924	16	able	able	ADJ
cblr-2872	924	17	to	to	PART
cblr-2872	924	18	absorb	absorb	VERB
cblr-2872	924	19	losses	loss	NOUN
cblr-2872	924	20	,	,	PUNCT
cblr-2872	924	21	and	and	CCONJ
cblr-2872	924	22	thus	thus	ADV
cblr-2872	924	23	need	need	VERB
cblr-2872	924	24	more	more	ADJ
cblr-2872	924	25	protections	protection	NOUN
cblr-2872	924	26	than	than	ADP
cblr-2872	924	27	their	their	PRON
cblr-2872	924	28	counterparts	counterpart	NOUN
cblr-2872	924	29	in	in	ADP
cblr-2872	924	30	the	the	DET
cblr-2872	924	31	swap	swap	NOUN
cblr-2872	924	32	markets.119	markets.119	PROPN
cblr-2872	924	33	however	however	ADV
cblr-2872	924	34	,	,	PUNCT
cblr-2872	924	35	this	this	DET
cblr-2872	924	36	119	119	NUM
cblr-2872	924	37	similarly	similarly	ADV
cblr-2872	924	38	,	,	PUNCT
cblr-2872	924	39	roberta	roberta	PROPN
cblr-2872	924	40	romano	romano	PROPN
cblr-2872	924	41	has	have	AUX
cblr-2872	924	42	observed	observe	VERB
cblr-2872	924	43	that	that	SCONJ
cblr-2872	924	44	the	the	DET
cblr-2872	924	45	increased	increase	VERB
cblr-2872	924	46	risk	risk	NOUN
cblr-2872	924	47	to	to	ADP
cblr-2872	924	48	customer	customer	NOUN
cblr-2872	924	49	collateral	collateral	NOUN
cblr-2872	924	50	for	for	ADP
cblr-2872	924	51	cleared	clear	VERB
cblr-2872	924	52	versus	versus	ADP
cblr-2872	924	53	uncleared	uncleared	ADJ
cblr-2872	924	54	swaps	swap	NOUN
cblr-2872	924	55	appears	appear	VERB
cblr-2872	924	56	to	to	PART
cblr-2872	924	57	be	be	AUX
cblr-2872	924	58	an	an	DET
cblr-2872	924	59	727no	727no	NOUN
cblr-2872	924	60	.	.	PUNCT
cblr-2872	925	1	3:667	3:667	NUM
cblr-2872	925	2	]	]	X
cblr-2872	925	3	reg	reg	PROPN
cblr-2872	925	4	ula	ula	PROPN
cblr-2872	925	5	tion	tion	PROPN
cblr-2872	925	6	thro0ugh	thro0ugh	ADP
cblr-2872	925	7	s	s	PROPN
cblr-2872	925	8	ubstitution	ubstitution	PROPN
cblr-2872	925	9	columbia	columbia	PROPN
cblr-2872	925	10	business	business	NOUN
cblr-2872	925	11	law	law	PROPN
cblr-2872	925	12	re	re	ADP
cblr-2872	925	13	view	view	VERB
cblr-2872	925	14	inconsistency	inconsistency	NOUN
cblr-2872	925	15	can	can	AUX
cblr-2872	925	16	be	be	AUX
cblr-2872	925	17	explained	explain	VERB
cblr-2872	925	18	at	at	ADP
cblr-2872	925	19	least	least	ADJ
cblr-2872	925	20	in	in	ADP
cblr-2872	925	21	part	part	NOUN
cblr-2872	925	22	by	by	ADP
cblr-2872	925	23	the	the	DET
cblr-2872	925	24	focus	focus	NOUN
cblr-2872	925	25	of	of	ADP
cblr-2872	925	26	the	the	DET
cblr-2872	925	27	dodd	dodd	PROPN
cblr-2872	925	28	-	-	PUNCT
cblr-2872	925	29	frank	frank	PROPN
cblr-2872	925	30	act	act	NOUN
cblr-2872	925	31	on	on	ADP
cblr-2872	925	32	absolute	absolute	ADJ
cblr-2872	925	33	protections	protection	NOUN
cblr-2872	925	34	for	for	ADP
cblr-2872	925	35	swaps	swap	NOUN
cblr-2872	925	36	and	and	CCONJ
cblr-2872	925	37	little	little	ADJ
cblr-2872	925	38	focus	focus	NOUN
cblr-2872	925	39	on	on	ADP
cblr-2872	925	40	relative	relative	ADJ
cblr-2872	925	41	protections	protection	NOUN
cblr-2872	925	42	across	across	ADP
cblr-2872	925	43	the	the	DET
cblr-2872	925	44	swap	swap	NOUN
cblr-2872	925	45	and	and	CCONJ
cblr-2872	925	46	futures	future	NOUN
cblr-2872	925	47	market	market	NOUN
cblr-2872	925	48	.	.	PUNCT
cblr-2872	926	1	the	the	DET
cblr-2872	926	2	cftc	cftc	PROPN
cblr-2872	926	3	and	and	CCONJ
cblr-2872	926	4	futures	future	NOUN
cblr-2872	926	5	market	market	NOUN
cblr-2872	926	6	participants	participant	NOUN
cblr-2872	926	7	are	be	AUX
cblr-2872	926	8	well	well	ADV
cblr-2872	926	9	aware	aware	ADJ
cblr-2872	926	10	of	of	ADP
cblr-2872	926	11	the	the	DET
cblr-2872	926	12	issues	issue	NOUN
cblr-2872	926	13	-	-	PUNCT
cblr-2872	926	14	and	and	CCONJ
cblr-2872	926	15	inconsistency	inconsistency	NOUN
cblr-2872	926	16	-	-	PUNCT
cblr-2872	926	17	resulting	result	VERB
cblr-2872	926	18	from	from	ADP
cblr-2872	926	19	lsoc	lsoc	PROPN
cblr-2872	926	20	's	's	PART
cblr-2872	926	21	application	application	NOUN
cblr-2872	926	22	to	to	ADP
cblr-2872	926	23	cleared	clear	VERB
cblr-2872	926	24	swaps	swap	NOUN
cblr-2872	926	25	customers	customer	NOUN
cblr-2872	926	26	,	,	PUNCT
cblr-2872	926	27	but	but	CCONJ
cblr-2872	926	28	not	not	PART
cblr-2872	926	29	from	from	ADP
cblr-2872	926	30	its	its	PRON
cblr-2872	926	31	application	application	NOUN
cblr-2872	926	32	to	to	ADP
cblr-2872	926	33	futures	future	NOUN
cblr-2872	926	34	customers	customer	NOUN
cblr-2872	926	35	.	.	PUNCT
cblr-2872	927	1	in	in	ADP
cblr-2872	927	2	february	february	PROPN
cblr-2872	927	3	2012	2012	NUM
cblr-2872	927	4	,	,	PUNCT
cblr-2872	927	5	the	the	DET
cblr-2872	927	6	cftc	cftc	PROPN
cblr-2872	927	7	held	hold	VERB
cblr-2872	927	8	a	a	DET
cblr-2872	927	9	roundtable	roundtable	ADJ
cblr-2872	927	10	discussion	discussion	NOUN
cblr-2872	927	11	to	to	PART
cblr-2872	927	12	explore	explore	VERB
cblr-2872	927	13	,	,	PUNCT
cblr-2872	927	14	among	among	ADP
cblr-2872	927	15	other	other	ADJ
cblr-2872	927	16	things	thing	NOUN
cblr-2872	927	17	,	,	PUNCT
cblr-2872	927	18	expanding	expand	VERB
cblr-2872	927	19	lsoc	lsoc	ADJ
cblr-2872	927	20	treatment	treatment	NOUN
cblr-2872	927	21	to	to	ADP
cblr-2872	927	22	futures	future	NOUN
cblr-2872	927	23	.	.	PUNCT
cblr-2872	928	1	120	120	NUM
cblr-2872	928	2	while	while	SCONJ
cblr-2872	928	3	considerable	considerable	ADJ
cblr-2872	928	4	technical	technical	ADJ
cblr-2872	928	5	difficulties	difficulty	NOUN
cblr-2872	928	6	in	in	ADP
cblr-2872	928	7	implementing	implement	VERB
cblr-2872	928	8	lsoc	lsoc	PROPN
cblr-2872	928	9	have	have	AUX
cblr-2872	928	10	slowed	slow	VERB
cblr-2872	928	11	its	its	PRON
cblr-2872	928	12	expansion	expansion	NOUN
cblr-2872	928	13	to	to	ADP
cblr-2872	928	14	futures	future	NOUN
cblr-2872	928	15	,	,	PUNCT
cblr-2872	928	16	we	we	PRON
cblr-2872	928	17	fully	fully	ADV
cblr-2872	928	18	expect	expect	VERB
cblr-2872	928	19	that	that	SCONJ
cblr-2872	928	20	the	the	DET
cblr-2872	928	21	cftc	cftc	PROPN
cblr-2872	928	22	will	will	AUX
cblr-2872	928	23	continue	continue	VERB
cblr-2872	928	24	to	to	PART
cblr-2872	928	25	work	work	VERB
cblr-2872	928	26	to	to	PART
cblr-2872	928	27	move	move	VERB
cblr-2872	928	28	towards	towards	ADP
cblr-2872	928	29	lsoc	lsoc	NOUN
cblr-2872	928	30	for	for	ADP
cblr-2872	928	31	futures	future	NOUN
cblr-2872	928	32	.	.	PUNCT
cblr-2872	929	1	c.	c.	PROPN
cblr-2872	929	2	post	post	ADJ
cblr-2872	929	3	-	-	ADJ
cblr-2872	929	4	trade	trade	ADJ
cblr-2872	929	5	transparency	transparency	NOUN
cblr-2872	929	6	of	of	ADP
cblr-2872	929	7	transaction	transaction	NOUN
cblr-2872	929	8	data	datum	NOUN
cblr-2872	929	9	one	one	NUM
cblr-2872	929	10	of	of	ADP
cblr-2872	929	11	the	the	DET
cblr-2872	929	12	primary	primary	ADJ
cblr-2872	929	13	critiques	critique	NOUN
cblr-2872	929	14	of	of	ADP
cblr-2872	929	15	the	the	DET
cblr-2872	929	16	post	post	ADJ
cblr-2872	929	17	-	-	ADJ
cblr-2872	929	18	cfva	cfva	ADJ
cblr-2872	929	19	and	and	CCONJ
cblr-2872	929	20	predodd	predodd	ADV
cblr-2872	929	21	-	-	PUNCT
cblr-2872	929	22	frank	frank	ADJ
cblr-2872	929	23	swap	swap	NOUN
cblr-2872	929	24	market	market	NOUN
cblr-2872	929	25	was	be	AUX
cblr-2872	929	26	its	its	PRON
cblr-2872	929	27	extreme	extreme	ADJ
cblr-2872	929	28	opacity	opacity	NOUN
cblr-2872	929	29	.	.	PUNCT
cblr-2872	930	1	12	12	NUM
cblr-2872	930	2	1	1	NUM
cblr-2872	930	3	a	a	DET
cblr-2872	930	4	unintended	unintended	ADJ
cblr-2872	930	5	consequence	consequence	NOUN
cblr-2872	930	6	of	of	ADP
cblr-2872	930	7	the	the	DET
cblr-2872	930	8	dodd	dodd	PROPN
cblr-2872	930	9	-	-	PUNCT
cblr-2872	930	10	frank	frank	PROPN
cblr-2872	930	11	act	act	PROPN
cblr-2872	930	12	.	.	PUNCT
cblr-2872	931	1	romano	romano	NOUN
cblr-2872	931	2	,	,	PUNCT
cblr-2872	931	3	supra	supra	ADJ
cblr-2872	931	4	note	note	NOUN
cblr-2872	931	5	9	9	NUM
cblr-2872	931	6	,	,	PUNCT
cblr-2872	931	7	at	at	ADP
cblr-2872	931	8	91	91	NUM
cblr-2872	931	9	(	(	PUNCT
cblr-2872	931	10	"	"	PUNCT
cblr-2872	931	11	the	the	DET
cblr-2872	931	12	full	full	ADJ
cblr-2872	931	13	cost	cost	NOUN
cblr-2872	931	14	of	of	ADP
cblr-2872	931	15	dodd	dodd	PROPN
cblr-2872	931	16	-	-	PUNCT
cblr-2872	931	17	frank	frank	PROPN
cblr-2872	931	18	is	be	AUX
cblr-2872	931	19	rendered	render	VERB
cblr-2872	931	20	more	more	ADJ
cblr-2872	931	21	opaque	opaque	ADJ
cblr-2872	931	22	by	by	ADP
cblr-2872	931	23	regulators	regulator	NOUN
cblr-2872	931	24	finding	find	VERB
cblr-2872	931	25	,	,	PUNCT
cblr-2872	931	26	as	as	SCONJ
cblr-2872	931	27	they	they	PRON
cblr-2872	931	28	attempt	attempt	VERB
cblr-2872	931	29	to	to	PART
cblr-2872	931	30	implement	implement	VERB
cblr-2872	931	31	the	the	DET
cblr-2872	931	32	statute	statute	NOUN
cblr-2872	931	33	,	,	PUNCT
cblr-2872	931	34	that	that	SCONJ
cblr-2872	931	35	dodd	dodd	PROPN
cblr-2872	931	36	-	-	PUNCT
cblr-2872	931	37	frank	frank	PROPN
cblr-2872	931	38	's	's	PART
cblr-2872	931	39	mandates	mandate	NOUN
cblr-2872	931	40	pose	pose	VERB
cblr-2872	931	41	unanticipated	unanticipated	ADJ
cblr-2872	931	42	operational	operational	ADJ
cblr-2872	931	43	issues	issue	NOUN
cblr-2872	931	44	that	that	PRON
cblr-2872	931	45	create	create	VERB
cblr-2872	931	46	new	new	ADJ
cblr-2872	931	47	risks	risk	NOUN
cblr-2872	931	48	,	,	PUNCT
cblr-2872	931	49	complicating	complicate	VERB
cblr-2872	931	50	implementation	implementation	NOUN
cblr-2872	931	51	.	.	PUNCT
cblr-2872	932	1	for	for	ADP
cblr-2872	932	2	example	example	NOUN
cblr-2872	932	3	,	,	PUNCT
cblr-2872	932	4	in	in	ADP
cblr-2872	932	5	order	order	NOUN
cblr-2872	932	6	to	to	PART
cblr-2872	932	7	decrease	decrease	VERB
cblr-2872	932	8	the	the	DET
cblr-2872	932	9	risk	risk	NOUN
cblr-2872	932	10	of	of	ADP
cblr-2872	932	11	trading	trading	NOUN
cblr-2872	932	12	customized	customize	VERB
cblr-2872	932	13	off	off	ADP
cblr-2872	932	14	-	-	PUNCT
cblr-2872	932	15	exchange	exchange	VERB
cblr-2872	932	16	derivative	derivative	ADJ
cblr-2872	932	17	securities	security	NOUN
cblr-2872	932	18	,	,	PUNCT
cblr-2872	932	19	congress	congress	PROPN
cblr-2872	932	20	required	require	VERB
cblr-2872	932	21	derivative	derivative	ADJ
cblr-2872	932	22	trades	trade	NOUN
cblr-2872	932	23	,	,	PUNCT
cblr-2872	932	24	wherever	wherever	SCONJ
cblr-2872	932	25	possible	possible	ADJ
cblr-2872	932	26	,	,	PUNCT
cblr-2872	932	27	to	to	PART
cblr-2872	932	28	be	be	AUX
cblr-2872	932	29	cleared	clear	VERB
cblr-2872	932	30	on	on	ADP
cblr-2872	932	31	exchanges	exchange	NOUN
cblr-2872	932	32	.	.	PUNCT
cblr-2872	933	1	yet	yet	ADV
cblr-2872	933	2	,	,	PUNCT
cblr-2872	933	3	this	this	DET
cblr-2872	933	4	requirement	requirement	NOUN
cblr-2872	933	5	,	,	PUNCT
cblr-2872	933	6	it	it	PRON
cblr-2872	933	7	turns	turn	VERB
cblr-2872	933	8	out	out	ADP
cblr-2872	933	9	,	,	PUNCT
cblr-2872	933	10	increases	increase	VERB
cblr-2872	933	11	risk	risk	NOUN
cblr-2872	933	12	for	for	ADP
cblr-2872	933	13	pension	pension	NOUN
cblr-2872	933	14	funds	fund	NOUN
cblr-2872	933	15	and	and	CCONJ
cblr-2872	933	16	asset	asset	NOUN
cblr-2872	933	17	managers	manager	NOUN
cblr-2872	933	18	due	due	ADP
cblr-2872	933	19	to	to	ADP
cblr-2872	933	20	the	the	DET
cblr-2872	933	21	way	way	NOUN
cblr-2872	933	22	exchanges	exchange	NOUN
cblr-2872	933	23	handle	handle	VERB
cblr-2872	933	24	margin	margin	NOUN
cblr-2872	933	25	collateral	collateral	NOUN
cblr-2872	933	26	,	,	PUNCT
cblr-2872	933	27	and	and	CCONJ
cblr-2872	933	28	changing	change	VERB
cblr-2872	933	29	exchange	exchange	NOUN
cblr-2872	933	30	brokerage	brokerage	NOUN
cblr-2872	933	31	arrangements	arrangement	NOUN
cblr-2872	933	32	to	to	PART
cblr-2872	933	33	reduce	reduce	VERB
cblr-2872	933	34	the	the	DET
cblr-2872	933	35	risk	risk	NOUN
cblr-2872	933	36	significantly	significantly	ADV
cblr-2872	933	37	increases	increase	VERB
cblr-2872	933	38	costs	cost	NOUN
cblr-2872	933	39	.	.	PUNCT
cblr-2872	933	40	"	"	PUNCT
cblr-2872	933	41	)	)	PUNCT
cblr-2872	934	1	(	(	PUNCT
cblr-2872	934	2	internal	internal	ADJ
cblr-2872	934	3	citations	citation	NOUN
cblr-2872	934	4	omitted	omit	VERB
cblr-2872	934	5	)	)	PUNCT
cblr-2872	934	6	.	.	PUNCT
cblr-2872	935	1	120	120	NUM
cblr-2872	935	2	press	press	NOUN
cblr-2872	935	3	release	release	NOUN
cblr-2872	935	4	,	,	PUNCT
cblr-2872	935	5	cftc	cftc	PROPN
cblr-2872	935	6	,	,	PUNCT
cblr-2872	935	7	cftc	cftc	PROPN
cblr-2872	935	8	staff	staff	NOUN
cblr-2872	935	9	to	to	PART
cblr-2872	935	10	host	host	VERB
cblr-2872	935	11	a	a	DET
cblr-2872	935	12	two	two	NUM
cblr-2872	935	13	-	-	PUNCT
cblr-2872	935	14	day	day	NOUN
cblr-2872	935	15	public	public	ADJ
cblr-2872	935	16	roundtable	roundtable	NOUN
cblr-2872	935	17	to	to	PART
cblr-2872	935	18	discuss	discuss	VERB
cblr-2872	935	19	additional	additional	ADJ
cblr-2872	935	20	customer	customer	NOUN
cblr-2872	935	21	collateral	collateral	NOUN
cblr-2872	935	22	protections	protection	NOUN
cblr-2872	935	23	(	(	PUNCT
cblr-2872	935	24	feb	feb	PROPN
cblr-2872	935	25	.	.	PROPN
cblr-2872	935	26	23	23	NUM
cblr-2872	935	27	,	,	PUNCT
cblr-2872	935	28	2012	2012	NUM
cblr-2872	935	29	)	)	PUNCT
cblr-2872	935	30	,	,	PUNCT
cblr-2872	935	31	http://www.cftc.gov/pressroom/pressreleases/pr6188-12	http://www.cftc.gov/pressroom/pressreleases/pr6188-12	NOUN
cblr-2872	935	32	;	;	PUNCT
cblr-2872	935	33	see	see	VERB
cblr-2872	935	34	also	also	ADV
cblr-2872	935	35	cftc	cftc	PROPN
cblr-2872	935	36	,	,	PUNCT
cblr-2872	935	37	hearing	hear	VERB
cblr-2872	935	38	before	before	ADP
cblr-2872	935	39	the	the	DET
cblr-2872	935	40	commodity	commodity	NOUN
cblr-2872	935	41	futures	futures	PROPN
cblr-2872	935	42	trading	trading	PROPN
cblr-2872	935	43	commission	commission	PROPN
cblr-2872	935	44	,	,	PUNCT
cblr-2872	935	45	february	february	PROPN
cblr-2872	935	46	29	29	NUM
cblr-2872	935	47	,	,	PUNCT
cblr-2872	935	48	2012	2012	NUM
cblr-2872	935	49	,	,	PUNCT
cblr-2872	935	50	a.m.	a.m.	NOUN
cblr-2872	935	51	session	session	NOUN
cblr-2872	935	52	(	(	PUNCT
cblr-2872	935	53	2012	2012	NUM
cblr-2872	935	54	)	)	PUNCT
cblr-2872	935	55	,	,	PUNCT
cblr-2872	935	56	available	available	ADJ
cblr-2872	935	57	at	at	ADP
cblr-2872	935	58	http://www.cftc.gov/ucm/groups/public/@newsroom/documents/file/transcri	http://www.cftc.gov/ucm/groups/public/@newsroom/documents/file/transcri	NOUN
cblr-2872	935	59	pt022912am.pdf	pt022912am.pdf	NOUN
cblr-2872	935	60	(	(	PUNCT
cblr-2872	935	61	transcript	transcript	NOUN
cblr-2872	935	62	of	of	ADP
cblr-2872	935	63	cftc	cftc	PROPN
cblr-2872	935	64	hearing	hearing	NOUN
cblr-2872	935	65	discussing	discuss	VERB
cblr-2872	935	66	customer	customer	NOUN
cblr-2872	935	67	collateral	collateral	NOUN
cblr-2872	935	68	)	)	PUNCT
cblr-2872	935	69	.	.	PUNCT
cblr-2872	936	1	121	121	NUM
cblr-2872	936	2	see	see	VERB
cblr-2872	936	3	,	,	PUNCT
cblr-2872	936	4	e.g.	e.g.	ADV
cblr-2872	936	5	,	,	PUNCT
cblr-2872	936	6	gary	gary	NOUN
cblr-2872	936	7	gensler	gensler	NOUN
cblr-2872	936	8	,	,	PUNCT
cblr-2872	936	9	chairman	chairman	NOUN
cblr-2872	936	10	,	,	PUNCT
cblr-2872	936	11	cftc	cftc	PROPN
cblr-2872	936	12	,	,	PUNCT
cblr-2872	936	13	the	the	DET
cblr-2872	936	14	new	new	ADJ
cblr-2872	936	15	era	era	NOUN
cblr-2872	936	16	of	of	ADP
cblr-2872	936	17	swaps	swap	NOUN
cblr-2872	936	18	market	market	NOUN
cblr-2872	936	19	reform	reform	NOUN
cblr-2872	936	20	,	,	PUNCT
cblr-2872	936	21	keynote	keynote	ADJ
cblr-2872	936	22	address	address	NOUN
cblr-2872	936	23	at	at	ADP
cblr-2872	936	24	the	the	DET
cblr-2872	936	25	george	george	PROPN
cblr-2872	936	26	washington	washington	PROPN
cblr-2872	936	27	university	university	PROPN
cblr-2872	936	28	center	center	NOUN
cblr-2872	936	29	for	for	ADP
cblr-2872	936	30	law	law	NOUN
cblr-2872	936	31	,	,	PUNCT
cblr-2872	936	32	economics	economic	NOUN
cblr-2872	936	33	and	and	CCONJ
cblr-2872	936	34	finance	finance	NOUN
cblr-2872	936	35	conference	conference	NOUN
cblr-2872	936	36	(	(	PUNCT
cblr-2872	936	37	oct	oct	PROPN
cblr-2872	936	38	.	.	PROPN
cblr-2872	936	39	10	10	NUM
cblr-2872	936	40	,	,	PUNCT
cblr-2872	936	41	2012	2012	NUM
cblr-2872	936	42	)	)	PUNCT
cblr-2872	936	43	,	,	PUNCT
cblr-2872	936	44	http://www.cftc.gov/pressroom/speechestestimony/opagensler-124	http://www.cftc.gov/pressroom/speechestestimony/opagensler-124	X
cblr-2872	936	45	(	(	PUNCT
cblr-2872	936	46	"	"	PUNCT
cblr-2872	936	47	when	when	SCONJ
cblr-2872	936	48	728	728	NUM
cblr-2872	936	49	[	[	X
cblr-2872	936	50	vol	vol	NOUN
cblr-2872	936	51	.	.	PUNCT
cblr-2872	936	52	2013	2013	NUM
cblr-2872	936	53	regulation	regulation	NOUN
cblr-2872	936	54	through	through	ADP
cblr-2872	936	55	substitution	substitution	NOUN
cblr-2872	936	56	market	market	NOUN
cblr-2872	936	57	participant	participant	NOUN
cblr-2872	936	58	that	that	PRON
cblr-2872	936	59	wished	wish	VERB
cblr-2872	936	60	to	to	PART
cblr-2872	936	61	enter	enter	VERB
cblr-2872	936	62	into	into	ADP
cblr-2872	936	63	swaps	swap	NOUN
cblr-2872	936	64	for	for	ADP
cblr-2872	936	65	hedging	hedging	NOUN
cblr-2872	936	66	or	or	CCONJ
cblr-2872	936	67	other	other	ADJ
cblr-2872	936	68	purposes	purpose	NOUN
cblr-2872	936	69	would	would	AUX
cblr-2872	936	70	call	call	VERB
cblr-2872	936	71	one	one	NUM
cblr-2872	936	72	or	or	CCONJ
cblr-2872	936	73	more	more	ADJ
cblr-2872	936	74	dealers	dealer	NOUN
cblr-2872	936	75	,	,	PUNCT
cblr-2872	936	76	find	find	VERB
cblr-2872	936	77	and	and	CCONJ
cblr-2872	936	78	negotiate	negotiate	VERB
cblr-2872	936	79	the	the	DET
cblr-2872	936	80	best	good	ADJ
cblr-2872	936	81	price	price	NOUN
cblr-2872	936	82	,	,	PUNCT
cblr-2872	936	83	and	and	CCONJ
cblr-2872	936	84	enter	enter	VERB
cblr-2872	936	85	into	into	ADP
cblr-2872	936	86	a	a	DET
cblr-2872	936	87	swap	swap	NOUN
cblr-2872	936	88	at	at	ADP
cblr-2872	936	89	that	that	DET
cblr-2872	936	90	price	price	NOUN
cblr-2872	936	91	.	.	PUNCT
cblr-2872	937	1	information	information	NOUN
cblr-2872	937	2	about	about	ADP
cblr-2872	937	3	swap	swap	NOUN
cblr-2872	937	4	transactions	transaction	NOUN
cblr-2872	937	5	-	-	PUNCT
cblr-2872	937	6	such	such	ADJ
cblr-2872	937	7	as	as	ADP
cblr-2872	937	8	the	the	DET
cblr-2872	937	9	execution	execution	NOUN
cblr-2872	937	10	of	of	ADP
cblr-2872	937	11	a	a	DET
cblr-2872	937	12	swap	swap	NOUN
cblr-2872	937	13	,	,	PUNCT
cblr-2872	937	14	its	its	PRON
cblr-2872	937	15	price	price	NOUN
cblr-2872	937	16	,	,	PUNCT
cblr-2872	937	17	and	and	CCONJ
cblr-2872	937	18	other	other	ADJ
cblr-2872	937	19	relevant	relevant	ADJ
cblr-2872	937	20	quotes	quote	NOUN
cblr-2872	937	21	provided	provide	VERB
cblr-2872	937	22	-	-	PUNCT
cblr-2872	937	23	was	be	AUX
cblr-2872	937	24	not	not	PART
cblr-2872	937	25	publicly	publicly	ADV
cblr-2872	937	26	available	available	ADJ
cblr-2872	937	27	as	as	SCONJ
cblr-2872	937	28	it	it	PRON
cblr-2872	937	29	would	would	AUX
cblr-2872	937	30	be	be	AUX
cblr-2872	937	31	,	,	PUNCT
cblr-2872	937	32	for	for	ADP
cblr-2872	937	33	example	example	NOUN
cblr-2872	937	34	,	,	PUNCT
cblr-2872	937	35	for	for	ADP
cblr-2872	937	36	a	a	DET
cblr-2872	937	37	securities	security	NOUN
cblr-2872	937	38	transaction	transaction	NOUN
cblr-2872	937	39	executed	execute	VERB
cblr-2872	937	40	on	on	ADP
cblr-2872	937	41	a	a	DET
cblr-2872	937	42	national	national	ADJ
cblr-2872	937	43	securities	security	NOUN
cblr-2872	937	44	exchange	exchange	NOUN
cblr-2872	937	45	.	.	PUNCT
cblr-2872	938	1	as	as	ADP
cblr-2872	938	2	a	a	DET
cblr-2872	938	3	result	result	NOUN
cblr-2872	938	4	,	,	PUNCT
cblr-2872	938	5	post	post	ADJ
cblr-2872	938	6	-	-	ADJ
cblr-2872	938	7	trade	trade	ADJ
cblr-2872	938	8	transparency	transparency	NOUN
cblr-2872	938	9	for	for	ADP
cblr-2872	938	10	swaps	swap	NOUN
cblr-2872	938	11	was	be	AUX
cblr-2872	938	12	among	among	ADP
cblr-2872	938	13	the	the	DET
cblr-2872	938	14	cornerstones	cornerstone	NOUN
cblr-2872	938	15	of	of	ADP
cblr-2872	938	16	the	the	DET
cblr-2872	938	17	dodd	dodd	PROPN
cblr-2872	938	18	-	-	PUNCT
cblr-2872	938	19	frank	frank	PROPN
cblr-2872	938	20	act	act	PROPN
cblr-2872	938	21	's	's	PART
cblr-2872	938	22	swap	swap	NOUN
cblr-2872	938	23	market	market	NOUN
cblr-2872	938	24	reforms.122	reforms.122	NOUN
cblr-2872	938	25	the	the	DET
cblr-2872	938	26	real	real	ADJ
cblr-2872	938	27	economic	economic	ADJ
cblr-2872	938	28	story	story	NOUN
cblr-2872	938	29	is	be	AUX
cblr-2872	938	30	more	more	ADV
cblr-2872	938	31	complex	complex	ADJ
cblr-2872	938	32	.	.	PUNCT
cblr-2872	939	1	while	while	SCONJ
cblr-2872	939	2	there	there	PRON
cblr-2872	939	3	are	be	VERB
cblr-2872	939	4	benefits	benefit	NOUN
cblr-2872	939	5	to	to	ADP
cblr-2872	939	6	transparency	transparency	NOUN
cblr-2872	939	7	,	,	PUNCT
cblr-2872	939	8	it	it	PRON
cblr-2872	939	9	is	be	AUX
cblr-2872	939	10	not	not	PART
cblr-2872	939	11	without	without	ADP
cblr-2872	939	12	cost	cost	NOUN
cblr-2872	939	13	;	;	PUNCT
cblr-2872	939	14	transparency	transparency	NOUN
cblr-2872	939	15	allows	allow	VERB
cblr-2872	939	16	opportunistic	opportunistic	ADJ
cblr-2872	939	17	market	market	NOUN
cblr-2872	939	18	participants	participant	NOUN
cblr-2872	939	19	to	to	PART
cblr-2872	939	20	learn	learn	VERB
cblr-2872	939	21	about	about	ADP
cblr-2872	939	22	their	their	PRON
cblr-2872	939	23	competitors	competitor	NOUN
cblr-2872	939	24	'	'	PART
cblr-2872	939	25	trading	trading	NOUN
cblr-2872	939	26	strategies	strategy	NOUN
cblr-2872	939	27	,	,	PUNCT
cblr-2872	939	28	which	which	PRON
cblr-2872	939	29	increases	increase	VERB
cblr-2872	939	30	the	the	DET
cblr-2872	939	31	cost	cost	NOUN
cblr-2872	939	32	to	to	ADP
cblr-2872	939	33	the	the	DET
cblr-2872	939	34	trader	trader	NOUN
cblr-2872	939	35	of	of	ADP
cblr-2872	939	36	a	a	DET
cblr-2872	939	37	swap	swap	NOUN
cblr-2872	939	38	.	.	PUNCT
cblr-2872	940	1	the	the	DET
cblr-2872	940	2	negative	negative	ADJ
cblr-2872	940	3	effects	effect	NOUN
cblr-2872	940	4	of	of	ADP
cblr-2872	940	5	post	post	ADJ
cblr-2872	940	6	-	-	ADJ
cblr-2872	940	7	trade	trade	ADJ
cblr-2872	940	8	transparency	transparency	NOUN
cblr-2872	940	9	are	be	AUX
cblr-2872	940	10	particularly	particularly	ADV
cblr-2872	940	11	relevant	relevant	ADJ
cblr-2872	940	12	for	for	ADP
cblr-2872	940	13	large	large	ADJ
cblr-2872	940	14	trades	trade	NOUN
cblr-2872	940	15	known	know	VERB
cblr-2872	940	16	as	as	ADP
cblr-2872	940	17	"	"	PUNCT
cblr-2872	940	18	block	block	NOUN
cblr-2872	940	19	"	"	PUNCT
cblr-2872	940	20	the	the	DET
cblr-2872	940	21	financial	financial	ADJ
cblr-2872	940	22	crisis	crisis	NOUN
cblr-2872	940	23	hit	hit	VERB
cblr-2872	940	24	,	,	PUNCT
cblr-2872	940	25	the	the	DET
cblr-2872	940	26	swaps	swap	NOUN
cblr-2872	940	27	market	market	NOUN
cblr-2872	940	28	was	be	AUX
cblr-2872	940	29	the	the	DET
cblr-2872	940	30	largest	large	ADJ
cblr-2872	940	31	dark	dark	ADJ
cblr-2872	940	32	pool	pool	NOUN
cblr-2872	940	33	in	in	ADP
cblr-2872	940	34	our	our	PRON
cblr-2872	940	35	financial	financial	ADJ
cblr-2872	940	36	markets	market	NOUN
cblr-2872	940	37	.	.	PUNCT
cblr-2872	941	1	think	think	VERB
cblr-2872	941	2	about	about	ADP
cblr-2872	941	3	this	this	PRON
cblr-2872	941	4	for	for	ADP
cblr-2872	941	5	a	a	DET
cblr-2872	941	6	moment	moment	NOUN
cblr-2872	941	7	.	.	PUNCT
cblr-2872	942	1	at	at	ADP
cblr-2872	942	2	$	$	SYM
cblr-2872	942	3	300	300	NUM
cblr-2872	942	4	trillion	trillion	NUM
cblr-2872	942	5	-	-	PUNCT
cblr-2872	942	6	or	or	CCONJ
cblr-2872	942	7	$	$	SYM
cblr-2872	942	8	20	20	NUM
cblr-2872	942	9	for	for	ADP
cblr-2872	942	10	every	every	DET
cblr-2872	942	11	$	$	SYM
cblr-2872	942	12	1	1	NUM
cblr-2872	942	13	of	of	ADP
cblr-2872	942	14	goods	good	NOUN
cblr-2872	942	15	and	and	CCONJ
cblr-2872	942	16	services	service	NOUN
cblr-2872	942	17	in	in	ADP
cblr-2872	942	18	our	our	PRON
cblr-2872	942	19	economy	economy	NOUN
cblr-2872	942	20	-	-	PUNCT
cblr-2872	942	21	the	the	DET
cblr-2872	942	22	swaps	swap	NOUN
cblr-2872	942	23	market	market	NOUN
cblr-2872	942	24	lacked	lack	VERB
cblr-2872	942	25	any	any	DET
cblr-2872	942	26	transparency	transparency	NOUN
cblr-2872	942	27	except	except	SCONJ
cblr-2872	942	28	for	for	ADP
cblr-2872	942	29	that	that	PRON
cblr-2872	942	30	which	which	PRON
cblr-2872	942	31	the	the	DET
cblr-2872	942	32	financial	financial	ADJ
cblr-2872	942	33	sector	sector	NOUN
cblr-2872	942	34	was	be	AUX
cblr-2872	942	35	willing	willing	ADJ
cblr-2872	942	36	to	to	PART
cblr-2872	942	37	share	share	VERB
cblr-2872	942	38	.	.	PUNCT
cblr-2872	943	1	"	"	PUNCT
cblr-2872	943	2	)	)	PUNCT
cblr-2872	943	3	;	;	PUNCT
cblr-2872	943	4	gretchen	gretchen	PROPN
cblr-2872	943	5	morgenson	morgenson	PROPN
cblr-2872	943	6	,	,	PUNCT
cblr-2872	943	7	slipping	slip	VERB
cblr-2872	943	8	backward	backward	ADV
cblr-2872	943	9	on	on	ADP
cblr-2872	943	10	swaps	swap	NOUN
cblr-2872	943	11	,	,	PUNCT
cblr-2872	943	12	n.y	n.y	PROPN
cblr-2872	943	13	.	.	PROPN
cblr-2872	943	14	times	times	PROPN
cblr-2872	943	15	,	,	PUNCT
cblr-2872	943	16	nov	nov	PROPN
cblr-2872	943	17	.	.	PROPN
cblr-2872	943	18	27	27	NUM
cblr-2872	943	19	,	,	PUNCT
cblr-2872	943	20	2011	2011	NUM
cblr-2872	943	21	,	,	PUNCT
cblr-2872	943	22	at	at	ADP
cblr-2872	943	23	bu1	bu1	NOUN
cblr-2872	943	24	(	(	PUNCT
cblr-2872	943	25	"	"	PUNCT
cblr-2872	943	26	when	when	SCONJ
cblr-2872	943	27	markets	market	NOUN
cblr-2872	943	28	are	be	AUX
cblr-2872	943	29	opaque	opaque	ADJ
cblr-2872	943	30	,	,	PUNCT
cblr-2872	943	31	the	the	DET
cblr-2872	943	32	risks	risk	NOUN
cblr-2872	943	33	grow	grow	VERB
cblr-2872	943	34	that	that	SCONJ
cblr-2872	943	35	problematic	problematic	ADJ
cblr-2872	943	36	positions	position	NOUN
cblr-2872	943	37	,	,	PUNCT
cblr-2872	943	38	like	like	ADP
cblr-2872	943	39	those	those	PRON
cblr-2872	943	40	that	that	PRON
cblr-2872	943	41	felled	fell	VERB
cblr-2872	943	42	the	the	DET
cblr-2872	943	43	american	american	PROPN
cblr-2872	943	44	international	international	PROPN
cblr-2872	943	45	group	group	NOUN
cblr-2872	943	46	in	in	ADP
cblr-2872	943	47	2008	2008	NUM
cblr-2872	943	48	,	,	PUNCT
cblr-2872	943	49	might	might	AUX
cblr-2872	943	50	once	once	ADV
cblr-2872	943	51	again	again	ADV
cblr-2872	943	52	create	create	VERB
cblr-2872	943	53	financial	financial	ADJ
cblr-2872	943	54	turmoil	turmoil	NOUN
cblr-2872	943	55	and	and	CCONJ
cblr-2872	943	56	spread	spread	VERB
cblr-2872	943	57	through	through	ADP
cblr-2872	943	58	the	the	DET
cblr-2872	943	59	system	system	NOUN
cblr-2872	943	60	.	.	PUNCT
cblr-2872	944	1	dodd	dodd	PROPN
cblr-2872	944	2	-	-	PUNCT
cblr-2872	944	3	frank	frank	PROPN
cblr-2872	944	4	sensibly	sensibly	ADV
cblr-2872	944	5	asked	ask	VERB
cblr-2872	944	6	that	that	SCONJ
cblr-2872	944	7	market	market	NOUN
cblr-2872	944	8	participants	participant	NOUN
cblr-2872	944	9	provide	provide	VERB
cblr-2872	944	10	trade	trade	NOUN
cblr-2872	944	11	and	and	CCONJ
cblr-2872	944	12	position	position	NOUN
cblr-2872	944	13	details	detail	NOUN
cblr-2872	944	14	to	to	ADP
cblr-2872	944	15	regulators	regulator	NOUN
cblr-2872	944	16	so	so	SCONJ
cblr-2872	944	17	this	this	DET
cblr-2872	944	18	arena	arena	NOUN
cblr-2872	944	19	could	could	AUX
cblr-2872	944	20	be	be	AUX
cblr-2872	944	21	monitored	monitor	VERB
cblr-2872	944	22	better	well	ADV
cblr-2872	944	23	.	.	PUNCT
cblr-2872	945	1	"	"	PUNCT
cblr-2872	945	2	)	)	PUNCT
cblr-2872	945	3	.	.	PUNCT
cblr-2872	946	1	122	122	NUM
cblr-2872	946	2	gary	gary	PROPN
cblr-2872	946	3	gensler	gensler	NOUN
cblr-2872	946	4	,	,	PUNCT
cblr-2872	946	5	chairman	chairman	NOUN
cblr-2872	946	6	,	,	PUNCT
cblr-2872	946	7	cftc	cftc	PROPN
cblr-2872	946	8	,	,	PUNCT
cblr-2872	946	9	remarks	remark	NOUN
cblr-2872	946	10	at	at	ADP
cblr-2872	946	11	the	the	DET
cblr-2872	946	12	national	national	PROPN
cblr-2872	946	13	association	association	PROPN
cblr-2872	946	14	of	of	ADP
cblr-2872	946	15	corporate	corporate	ADJ
cblr-2872	946	16	treasurers	treasurer	NOUN
cblr-2872	946	17	conference	conference	NOUN
cblr-2872	946	18	:	:	PUNCT
cblr-2872	946	19	bringing	bring	VERB
cblr-2872	946	20	transparency	transparency	NOUN
cblr-2872	946	21	to	to	ADP
cblr-2872	946	22	the	the	DET
cblr-2872	946	23	swaps	swap	NOUN
cblr-2872	946	24	market	market	NOUN
cblr-2872	946	25	(	(	PUNCT
cblr-2872	946	26	june	june	PROPN
cblr-2872	946	27	2	2	NUM
cblr-2872	946	28	,	,	PUNCT
cblr-2872	946	29	2011	2011	NUM
cblr-2872	946	30	)	)	PUNCT
cblr-2872	946	31	,	,	PUNCT
cblr-2872	946	32	http://www.cftc.gov/pressroom/speechestestimony/opagensler-83	http://www.cftc.gov/pressroom/speechestestimony/opagensler-83	PROPN
cblr-2872	946	33	(	(	PUNCT
cblr-2872	946	34	"	"	PUNCT
cblr-2872	946	35	first	first	ADV
cblr-2872	946	36	,	,	PUNCT
cblr-2872	946	37	[	[	X
cblr-2872	946	38	the	the	DET
cblr-2872	946	39	dodd	dodd	PROPN
cblr-2872	946	40	-	-	PUNCT
cblr-2872	946	41	frank	frank	PROPN
cblr-2872	946	42	act	act	PROPN
cblr-2872	946	43	]	]	PUNCT
cblr-2872	946	44	brings	bring	VERB
cblr-2872	946	45	transparency	transparency	NOUN
cblr-2872	946	46	to	to	ADP
cblr-2872	946	47	the	the	DET
cblr-2872	946	48	time	time	NOUN
cblr-2872	946	49	immediately	immediately	ADV
cblr-2872	946	50	before	before	SCONJ
cblr-2872	946	51	the	the	DET
cblr-2872	946	52	transaction	transaction	NOUN
cblr-2872	946	53	is	be	AUX
cblr-2872	946	54	completed	complete	VERB
cblr-2872	946	55	,	,	PUNCT
cblr-2872	946	56	which	which	PRON
cblr-2872	946	57	is	be	AUX
cblr-2872	946	58	called	call	VERB
cblr-2872	946	59	pre	pre	ADJ
cblr-2872	946	60	-	-	ADJ
cblr-2872	946	61	trade	trade	ADJ
cblr-2872	946	62	transparency	transparency	NOUN
cblr-2872	946	63	.	.	PUNCT
cblr-2872	947	1	...	...	PUNCT
cblr-2872	948	1	second	second	ADV
cblr-2872	948	2	,	,	PUNCT
cblr-2872	948	3	the	the	DET
cblr-2872	948	4	dodd	dodd	PROPN
cblr-2872	948	5	-	-	PUNCT
cblr-2872	948	6	frank	frank	PROPN
cblr-2872	948	7	act	act	NOUN
cblr-2872	948	8	brings	bring	VERB
cblr-2872	948	9	real	real	ADJ
cblr-2872	948	10	-	-	PUNCT
cblr-2872	948	11	time	time	NOUN
cblr-2872	948	12	transparency	transparency	NOUN
cblr-2872	948	13	to	to	ADP
cblr-2872	948	14	the	the	DET
cblr-2872	948	15	pricing	pricing	NOUN
cblr-2872	948	16	immediately	immediately	ADV
cblr-2872	948	17	after	after	SCONJ
cblr-2872	948	18	a	a	DET
cblr-2872	948	19	swaps	swap	NOUN
cblr-2872	948	20	transaction	transaction	NOUN
cblr-2872	948	21	takes	take	VERB
cblr-2872	948	22	place	place	NOUN
cblr-2872	948	23	.	.	PUNCT
cblr-2872	949	1	this	this	DET
cblr-2872	949	2	post	post	ADJ
cblr-2872	949	3	-	-	ADJ
cblr-2872	949	4	trade	trade	ADJ
cblr-2872	949	5	transparency	transparency	NOUN
cblr-2872	949	6	provides	provide	VERB
cblr-2872	949	7	all	all	DET
cblr-2872	949	8	end	end	NOUN
cblr-2872	949	9	-	-	PUNCT
cblr-2872	949	10	users	user	NOUN
cblr-2872	949	11	and	and	CCONJ
cblr-2872	949	12	market	market	NOUN
cblr-2872	949	13	participants	participant	NOUN
cblr-2872	949	14	with	with	ADP
cblr-2872	949	15	important	important	ADJ
cblr-2872	949	16	pricing	pricing	NOUN
cblr-2872	949	17	information	information	NOUN
cblr-2872	949	18	as	as	SCONJ
cblr-2872	949	19	they	they	PRON
cblr-2872	949	20	consider	consider	VERB
cblr-2872	949	21	their	their	PRON
cblr-2872	949	22	investments	investment	NOUN
cblr-2872	949	23	and	and	CCONJ
cblr-2872	949	24	whether	whether	SCONJ
cblr-2872	949	25	to	to	PART
cblr-2872	949	26	lower	lower	VERB
cblr-2872	949	27	their	their	PRON
cblr-2872	949	28	risk	risk	NOUN
cblr-2872	949	29	through	through	ADP
cblr-2872	949	30	similar	similar	ADJ
cblr-2872	949	31	transactions	transaction	NOUN
cblr-2872	949	32	.	.	PUNCT
cblr-2872	949	33	.	.	PUNCT
cblr-2872	949	34	.	.	PUNCT
cblr-2872	950	1	.	.	PUNCT
cblr-2872	951	1	third	third	ADV
cblr-2872	951	2	,	,	PUNCT
cblr-2872	951	3	the	the	DET
cblr-2872	951	4	dodd	dodd	PROPN
cblr-2872	951	5	-	-	PUNCT
cblr-2872	951	6	frank	frank	PROPN
cblr-2872	951	7	act	act	NOUN
cblr-2872	951	8	brings	bring	VERB
cblr-2872	951	9	transparency	transparency	NOUN
cblr-2872	951	10	to	to	ADP
cblr-2872	951	11	swaps	swap	NOUN
cblr-2872	951	12	over	over	ADP
cblr-2872	951	13	the	the	DET
cblr-2872	951	14	lifetime	lifetime	NOUN
cblr-2872	951	15	of	of	ADP
cblr-2872	951	16	the	the	DET
cblr-2872	951	17	contracts	contract	NOUN
cblr-2872	951	18	.	.	PUNCT
cblr-2872	951	19	"	"	PUNCT
cblr-2872	951	20	)	)	PUNCT
cblr-2872	951	21	.	.	PUNCT
cblr-2872	952	1	no	no	INTJ
cblr-2872	952	2	.	.	PUNCT
cblr-2872	953	1	3:667]1	3:667]1	NUM
cblr-2872	953	2	729	729	NUM
cblr-2872	953	3	columbia	columbia	PROPN
cblr-2872	953	4	business	business	NOUN
cblr-2872	953	5	law	law	PROPN
cblr-2872	953	6	review	review	NOUN
cblr-2872	953	7	trades	trade	NOUN
cblr-2872	953	8	.	.	PUNCT
cblr-2872	954	1	23	23	NUM
cblr-2872	954	2	to	to	PART
cblr-2872	954	3	explain	explain	VERB
cblr-2872	954	4	these	these	DET
cblr-2872	954	5	effects	effect	NOUN
cblr-2872	954	6	,	,	PUNCT
cblr-2872	954	7	we	we	PRON
cblr-2872	954	8	will	will	AUX
cblr-2872	954	9	consider	consider	VERB
cblr-2872	954	10	an	an	DET
cblr-2872	954	11	example	example	NOUN
cblr-2872	954	12	involving	involve	VERB
cblr-2872	954	13	an	an	DET
cblr-2872	954	14	airline	airline	NOUN
cblr-2872	954	15	that	that	PRON
cblr-2872	954	16	is	be	AUX
cblr-2872	954	17	seeking	seek	VERB
cblr-2872	954	18	to	to	PART
cblr-2872	954	19	hedge	hedge	VERB
cblr-2872	954	20	the	the	DET
cblr-2872	954	21	risks	risk	NOUN
cblr-2872	954	22	associated	associate	VERB
cblr-2872	954	23	with	with	ADP
cblr-2872	954	24	the	the	DET
cblr-2872	954	25	potential	potential	ADJ
cblr-2872	954	26	changes	change	NOUN
cblr-2872	954	27	in	in	ADP
cblr-2872	954	28	jet	jet	NOUN
cblr-2872	954	29	fuel	fuel	NOUN
cblr-2872	954	30	prices	price	NOUN
cblr-2872	954	31	,	,	PUNCT
cblr-2872	954	32	to	to	PART
cblr-2872	954	33	which	which	PRON
cblr-2872	954	34	it	it	PRON
cblr-2872	954	35	has	have	VERB
cblr-2872	954	36	significant	significant	ADJ
cblr-2872	954	37	exposure	exposure	NOUN
cblr-2872	954	38	.	.	PUNCT
cblr-2872	955	1	it	it	PRON
cblr-2872	955	2	may	may	AUX
cblr-2872	955	3	seek	seek	VERB
cblr-2872	955	4	to	to	PART
cblr-2872	955	5	hedge	hedge	VERB
cblr-2872	955	6	its	its	PRON
cblr-2872	955	7	jet	jet	NOUN
cblr-2872	955	8	fuel	fuel	NOUN
cblr-2872	955	9	costs	cost	NOUN
cblr-2872	955	10	over	over	ADP
cblr-2872	955	11	a	a	DET
cblr-2872	955	12	full	full	ADJ
cblr-2872	955	13	year	year	NOUN
cblr-2872	955	14	by	by	ADP
cblr-2872	955	15	entering	enter	VERB
cblr-2872	955	16	into	into	ADP
cblr-2872	955	17	a	a	DET
cblr-2872	955	18	large	large	ADJ
cblr-2872	955	19	swap	swap	NOUN
cblr-2872	955	20	on	on	ADP
cblr-2872	955	21	jet	jet	NOUN
cblr-2872	955	22	fuel	fuel	NOUN
cblr-2872	955	23	prices	price	NOUN
cblr-2872	955	24	.	.	PUNCT
cblr-2872	956	1	to	to	PART
cblr-2872	956	2	do	do	VERB
cblr-2872	956	3	so	so	ADV
cblr-2872	956	4	,	,	PUNCT
cblr-2872	956	5	the	the	DET
cblr-2872	956	6	airline	airline	NOUN
cblr-2872	956	7	would	would	AUX
cblr-2872	956	8	first	first	ADV
cblr-2872	956	9	evaluate	evaluate	VERB
cblr-2872	956	10	the	the	DET
cblr-2872	956	11	terms	term	NOUN
cblr-2872	956	12	for	for	ADP
cblr-2872	956	13	jet	jet	NOUN
cblr-2872	956	14	fuel	fuel	NOUN
cblr-2872	956	15	swaps	swap	NOUN
cblr-2872	956	16	,	,	PUNCT
cblr-2872	956	17	including	include	VERB
cblr-2872	956	18	their	their	PRON
cblr-2872	956	19	costs	cost	NOUN
cblr-2872	956	20	and	and	CCONJ
cblr-2872	956	21	sizes	size	NOUN
cblr-2872	956	22	,	,	PUNCT
cblr-2872	956	23	that	that	PRON
cblr-2872	956	24	are	be	AUX
cblr-2872	956	25	currently	currently	ADV
cblr-2872	956	26	offered	offer	VERB
cblr-2872	956	27	by	by	ADP
cblr-2872	956	28	various	various	ADJ
cblr-2872	956	29	dealers	dealer	NOUN
cblr-2872	956	30	.	.	PUNCT
cblr-2872	957	1	since	since	SCONJ
cblr-2872	957	2	the	the	DET
cblr-2872	957	3	airline	airline	NOUN
cblr-2872	957	4	would	would	AUX
cblr-2872	957	5	need	need	VERB
cblr-2872	957	6	a	a	DET
cblr-2872	957	7	very	very	ADV
cblr-2872	957	8	large	large	ADJ
cblr-2872	957	9	jet	jet	NOUN
cblr-2872	957	10	fuel	fuel	NOUN
cblr-2872	957	11	swap	swap	NOUN
cblr-2872	957	12	to	to	PART
cblr-2872	957	13	hedge	hedge	VERB
cblr-2872	957	14	its	its	PRON
cblr-2872	957	15	yearly	yearly	ADJ
cblr-2872	957	16	risk	risk	NOUN
cblr-2872	957	17	,	,	PUNCT
cblr-2872	957	18	it	it	PRON
cblr-2872	957	19	is	be	AUX
cblr-2872	957	20	unlikely	unlikely	ADJ
cblr-2872	957	21	that	that	SCONJ
cblr-2872	957	22	any	any	DET
cblr-2872	957	23	single	single	ADJ
cblr-2872	957	24	dealer	dealer	NOUN
cblr-2872	957	25	would	would	AUX
cblr-2872	957	26	be	be	AUX
cblr-2872	957	27	offering	offer	VERB
cblr-2872	957	28	,	,	PUNCT
cblr-2872	957	29	or	or	CCONJ
cblr-2872	957	30	perhaps	perhaps	ADV
cblr-2872	957	31	be	be	AUX
cblr-2872	957	32	able	able	ADJ
cblr-2872	957	33	or	or	CCONJ
cblr-2872	957	34	willing	willing	ADJ
cblr-2872	957	35	,	,	PUNCT
cblr-2872	957	36	to	to	PART
cblr-2872	957	37	enter	enter	VERB
cblr-2872	957	38	into	into	ADP
cblr-2872	957	39	a	a	DET
cblr-2872	957	40	sufficiently	sufficiently	ADV
cblr-2872	957	41	large	large	ADJ
cblr-2872	957	42	swap	swap	NOUN
cblr-2872	957	43	at	at	ADP
cblr-2872	957	44	the	the	DET
cblr-2872	957	45	price	price	NOUN
cblr-2872	957	46	offered	offer	VERB
cblr-2872	957	47	by	by	ADP
cblr-2872	957	48	the	the	DET
cblr-2872	957	49	dealer	dealer	NOUN
cblr-2872	957	50	for	for	ADP
cblr-2872	957	51	a	a	DET
cblr-2872	957	52	smaller	small	ADJ
cblr-2872	957	53	transaction	transaction	NOUN
cblr-2872	957	54	.	.	PUNCT
cblr-2872	958	1	the	the	DET
cblr-2872	958	2	airline	airline	NOUN
cblr-2872	958	3	could	could	AUX
cblr-2872	958	4	take	take	VERB
cblr-2872	958	5	several	several	ADJ
cblr-2872	958	6	approaches	approach	NOUN
cblr-2872	958	7	to	to	PART
cblr-2872	958	8	enter	enter	VERB
cblr-2872	958	9	into	into	ADP
cblr-2872	958	10	the	the	DET
cblr-2872	958	11	hedging	hedging	NOUN
cblr-2872	958	12	swap	swap	NOUN
cblr-2872	958	13	it	it	PRON
cblr-2872	958	14	needs	need	VERB
cblr-2872	958	15	.	.	PUNCT
cblr-2872	959	1	it	it	PRON
cblr-2872	959	2	could	could	AUX
cblr-2872	959	3	enter	enter	VERB
cblr-2872	959	4	into	into	ADP
cblr-2872	959	5	several	several	ADJ
cblr-2872	959	6	smaller	small	ADJ
cblr-2872	959	7	swaps	swap	NOUN
cblr-2872	959	8	offered	offer	VERB
cblr-2872	959	9	by	by	ADP
cblr-2872	959	10	dealers	dealer	NOUN
cblr-2872	959	11	,	,	PUNCT
cblr-2872	959	12	until	until	ADP
cblr-2872	959	13	the	the	DET
cblr-2872	959	14	sum	sum	NOUN
cblr-2872	959	15	total	total	NOUN
cblr-2872	959	16	of	of	ADP
cblr-2872	959	17	swaps	swap	NOUN
cblr-2872	959	18	it	it	PRON
cblr-2872	959	19	enters	enter	VERB
cblr-2872	959	20	into	into	ADP
cblr-2872	959	21	meets	meet	VERB
cblr-2872	959	22	its	its	PRON
cblr-2872	959	23	hedging	hedging	NOUN
cblr-2872	959	24	need	need	NOUN
cblr-2872	959	25	.	.	PUNCT
cblr-2872	960	1	however	however	ADV
cblr-2872	960	2	,	,	PUNCT
cblr-2872	960	3	this	this	DET
cblr-2872	960	4	approach	approach	NOUN
cblr-2872	960	5	is	be	AUX
cblr-2872	960	6	suboptimal	suboptimal	ADJ
cblr-2872	960	7	for	for	ADP
cblr-2872	960	8	two	two	NUM
cblr-2872	960	9	reasons	reason	NOUN
cblr-2872	960	10	.	.	PUNCT
cblr-2872	961	1	first	first	ADV
cblr-2872	961	2	,	,	PUNCT
cblr-2872	961	3	from	from	ADP
cblr-2872	961	4	an	an	DET
cblr-2872	961	5	operational	operational	ADJ
cblr-2872	961	6	standpoint	standpoint	NOUN
cblr-2872	961	7	,	,	PUNCT
cblr-2872	961	8	the	the	DET
cblr-2872	961	9	airline	airline	NOUN
cblr-2872	961	10	would	would	AUX
cblr-2872	961	11	prefer	prefer	VERB
cblr-2872	961	12	a	a	DET
cblr-2872	961	13	single	single	ADJ
cblr-2872	961	14	trade	trade	NOUN
cblr-2872	961	15	rather	rather	ADV
cblr-2872	961	16	than	than	ADP
cblr-2872	961	17	a	a	DET
cblr-2872	961	18	hodgepodge	hodgepodge	NOUN
cblr-2872	961	19	of	of	ADP
cblr-2872	961	20	many	many	ADJ
cblr-2872	961	21	smaller	small	ADJ
cblr-2872	961	22	trades	trade	NOUN
cblr-2872	961	23	with	with	ADP
cblr-2872	961	24	different	different	ADJ
cblr-2872	961	25	dealers	dealer	NOUN
cblr-2872	961	26	.	.	PUNCT
cblr-2872	962	1	second	second	ADJ
cblr-2872	962	2	,	,	PUNCT
cblr-2872	962	3	and	and	CCONJ
cblr-2872	962	4	perhaps	perhaps	ADV
cblr-2872	962	5	more	more	ADV
cblr-2872	962	6	importantly	importantly	ADV
cblr-2872	962	7	,	,	PUNCT
cblr-2872	962	8	as	as	SCONJ
cblr-2872	962	9	the	the	DET
cblr-2872	962	10	airline	airline	NOUN
cblr-2872	962	11	begins	begin	VERB
cblr-2872	962	12	to	to	PART
cblr-2872	962	13	purchase	purchase	VERB
cblr-2872	962	14	jet	jet	NOUN
cblr-2872	962	15	fuel	fuel	NOUN
cblr-2872	962	16	price	price	NOUN
cblr-2872	962	17	protection	protection	NOUN
cblr-2872	962	18	through	through	ADP
cblr-2872	962	19	a	a	DET
cblr-2872	962	20	series	series	NOUN
cblr-2872	962	21	of	of	ADP
cblr-2872	962	22	small	small	ADJ
cblr-2872	962	23	trades	trade	NOUN
cblr-2872	962	24	,	,	PUNCT
cblr-2872	962	25	the	the	DET
cblr-2872	962	26	usual	usual	ADJ
cblr-2872	962	27	supply	supply	NOUN
cblr-2872	962	28	and	and	CCONJ
cblr-2872	962	29	demand	demand	NOUN
cblr-2872	962	30	dynamic	dynamic	NOUN
cblr-2872	962	31	will	will	AUX
cblr-2872	962	32	increase	increase	VERB
cblr-2872	962	33	the	the	DET
cblr-2872	962	34	cost	cost	NOUN
cblr-2872	962	35	of	of	ADP
cblr-2872	962	36	jet	jet	NOUN
cblr-2872	962	37	fuel	fuel	NOUN
cblr-2872	962	38	price	price	NOUN
cblr-2872	962	39	protection	protection	NOUN
cblr-2872	962	40	.	.	PUNCT
cblr-2872	963	1	the	the	DET
cblr-2872	963	2	airline	airline	NOUN
cblr-2872	963	3	's	's	PART
cblr-2872	963	4	cost	cost	NOUN
cblr-2872	963	5	will	will	AUX
cblr-2872	963	6	increase	increase	VERB
cblr-2872	963	7	with	with	ADP
cblr-2872	963	8	each	each	DET
cblr-2872	963	9	subsequent	subsequent	ADJ
cblr-2872	963	10	transaction	transaction	NOUN
cblr-2872	963	11	.	.	PUNCT
cblr-2872	964	1	the	the	DET
cblr-2872	964	2	airline	airline	NOUN
cblr-2872	964	3	has	have	VERB
cblr-2872	964	4	another	another	DET
cblr-2872	964	5	option	option	NOUN
cblr-2872	964	6	:	:	PUNCT
cblr-2872	964	7	a	a	DET
cblr-2872	964	8	block	block	NOUN
cblr-2872	964	9	trade	trade	NOUN
cblr-2872	964	10	.	.	PUNCT
cblr-2872	965	1	the	the	DET
cblr-2872	965	2	airline	airline	NOUN
cblr-2872	965	3	could	could	AUX
cblr-2872	965	4	seek	seek	VERB
cblr-2872	965	5	to	to	PART
cblr-2872	965	6	negotiate	negotiate	VERB
cblr-2872	965	7	a	a	DET
cblr-2872	965	8	single	single	ADJ
cblr-2872	965	9	swap	swap	NOUN
cblr-2872	965	10	with	with	ADP
cblr-2872	965	11	an	an	DET
cblr-2872	965	12	individual	individual	ADJ
cblr-2872	965	13	dealer	dealer	NOUN
cblr-2872	965	14	,	,	PUNCT
cblr-2872	965	15	asking	ask	VERB
cblr-2872	965	16	that	that	DET
cblr-2872	965	17	dealer	dealer	NOUN
cblr-2872	965	18	to	to	PART
cblr-2872	965	19	consider	consider	VERB
cblr-2872	965	20	entering	enter	VERB
cblr-2872	965	21	into	into	ADP
cblr-2872	965	22	a	a	DET
cblr-2872	965	23	single	single	ADJ
cblr-2872	965	24	,	,	PUNCT
cblr-2872	965	25	very	very	ADV
cblr-2872	965	26	large	large	ADJ
cblr-2872	965	27	swap	swap	NOUN
cblr-2872	965	28	that	that	PRON
cblr-2872	965	29	would	would	AUX
cblr-2872	965	30	address	address	VERB
cblr-2872	965	31	all	all	PRON
cblr-2872	965	32	of	of	ADP
cblr-2872	965	33	the	the	DET
cblr-2872	965	34	airline	airline	NOUN
cblr-2872	965	35	's	's	PART
cblr-2872	965	36	yearly	yearly	ADJ
cblr-2872	965	37	full	full	ADJ
cblr-2872	965	38	jet	jet	NOUN
cblr-2872	965	39	fuel	fuel	NOUN
cblr-2872	965	40	price	price	NOUN
cblr-2872	965	41	risk	risk	NOUN
cblr-2872	965	42	.	.	PUNCT
cblr-2872	966	1	the	the	DET
cblr-2872	966	2	dealer	dealer	NOUN
cblr-2872	966	3	may	may	AUX
cblr-2872	966	4	agree	agree	VERB
cblr-2872	966	5	to	to	PART
cblr-2872	966	6	do	do	VERB
cblr-2872	966	7	so	so	ADV
cblr-2872	966	8	,	,	PUNCT
cblr-2872	966	9	but	but	CCONJ
cblr-2872	966	10	123	123	NUM
cblr-2872	966	11	congress	congress	NOUN
cblr-2872	966	12	recognized	recognize	VERB
cblr-2872	966	13	these	these	DET
cblr-2872	966	14	potential	potential	ADJ
cblr-2872	966	15	negative	negative	ADJ
cblr-2872	966	16	effects	effect	NOUN
cblr-2872	966	17	,	,	PUNCT
cblr-2872	966	18	as	as	SCONJ
cblr-2872	966	19	evidenced	evidence	VERB
cblr-2872	966	20	by	by	ADP
cblr-2872	966	21	the	the	DET
cblr-2872	966	22	statutory	statutory	ADJ
cblr-2872	966	23	requirement	requirement	NOUN
cblr-2872	966	24	in	in	ADP
cblr-2872	966	25	the	the	DET
cblr-2872	966	26	dodd	dodd	PROPN
cblr-2872	966	27	-	-	PUNCT
cblr-2872	966	28	frank	frank	PROPN
cblr-2872	966	29	act	act	NOUN
cblr-2872	966	30	for	for	SCONJ
cblr-2872	966	31	regulators	regulator	NOUN
cblr-2872	966	32	to	to	PART
cblr-2872	966	33	establish	establish	VERB
cblr-2872	966	34	delays	delay	NOUN
cblr-2872	966	35	in	in	ADP
cblr-2872	966	36	post	post	ADJ
cblr-2872	966	37	-	-	ADJ
cblr-2872	966	38	trade	trade	ADJ
cblr-2872	966	39	data	datum	NOUN
cblr-2872	966	40	for	for	ADP
cblr-2872	966	41	block	block	NOUN
cblr-2872	966	42	trades	trade	NOUN
cblr-2872	966	43	.	.	PUNCT
cblr-2872	967	1	dodd	dodd	PROPN
cblr-2872	967	2	-	-	PUNCT
cblr-2872	967	3	frank	frank	PROPN
cblr-2872	967	4	wall	wall	PROPN
cblr-2872	967	5	street	street	PROPN
cblr-2872	967	6	reform	reform	PROPN
cblr-2872	967	7	and	and	CCONJ
cblr-2872	967	8	consumer	consumer	NOUN
cblr-2872	967	9	protection	protection	PROPN
cblr-2872	967	10	act	act	PROPN
cblr-2872	967	11	,	,	PUNCT
cblr-2872	967	12	pub	pub	NOUN
cblr-2872	967	13	.	.	PUNCT
cblr-2872	968	1	l.	l.	PROPN
cblr-2872	968	2	no	no	INTJ
cblr-2872	968	3	.	.	PROPN
cblr-2872	968	4	111	111	NUM
cblr-2872	968	5	-	-	SYM
cblr-2872	968	6	203	203	NUM
cblr-2872	968	7	,	,	PUNCT
cblr-2872	968	8	124	124	NUM
cblr-2872	968	9	stat	stat	NOUN
cblr-2872	968	10	.	.	PUNCT
cblr-2872	969	1	1376	1376	NUM
cblr-2872	969	2	§	§	PROPN
cblr-2872	969	3	727	727	NUM
cblr-2872	969	4	,	,	PUNCT
cblr-2872	969	5	7	7	NUM
cblr-2872	969	6	u.s.c	u.s.c	ADJ
cblr-2872	969	7	.	.	PUNCT
cblr-2872	970	1	§	§	PROPN
cblr-2872	970	2	2(a)(13	2(a)(13	NUM
cblr-2872	970	3	)	)	PUNCT
cblr-2872	970	4	(	(	PUNCT
cblr-2872	970	5	2012	2012	NUM
cblr-2872	970	6	)	)	PUNCT
cblr-2872	970	7	.	.	PUNCT
cblr-2872	971	1	see	see	VERB
cblr-2872	971	2	also	also	ADV
cblr-2872	971	3	procedures	procedure	VERB
cblr-2872	971	4	to	to	PART
cblr-2872	971	5	establish	establish	VERB
cblr-2872	971	6	appropriate	appropriate	ADJ
cblr-2872	971	7	minimum	minimum	ADJ
cblr-2872	971	8	block	block	NOUN
cblr-2872	971	9	sizes	size	NOUN
cblr-2872	971	10	for	for	ADP
cblr-2872	971	11	large	large	ADJ
cblr-2872	971	12	notional	notional	ADJ
cblr-2872	971	13	offfacility	offfacility	NOUN
cblr-2872	971	14	swaps	swap	NOUN
cblr-2872	971	15	and	and	CCONJ
cblr-2872	971	16	block	block	NOUN
cblr-2872	971	17	trades	trade	NOUN
cblr-2872	971	18	,	,	PUNCT
cblr-2872	971	19	78	78	NUM
cblr-2872	971	20	fed	feed	VERB
cblr-2872	971	21	.	.	PUNCT
cblr-2872	972	1	reg	reg	PROPN
cblr-2872	972	2	.	.	PUNCT
cblr-2872	973	1	32,866	32,866	NUM
cblr-2872	973	2	(	(	PUNCT
cblr-2872	973	3	may	may	PROPN
cblr-2872	973	4	31	31	NUM
cblr-2872	973	5	,	,	PUNCT
cblr-2872	973	6	2013	2013	NUM
cblr-2872	973	7	)	)	PUNCT
cblr-2872	973	8	(	(	PUNCT
cblr-2872	973	9	to	to	PART
cblr-2872	973	10	be	be	AUX
cblr-2872	973	11	codified	codify	VERB
cblr-2872	973	12	at	at	ADP
cblr-2872	973	13	17	17	NUM
cblr-2872	973	14	c.f.r	c.f.r	NOUN
cblr-2872	973	15	.	.	PUNCT
cblr-2872	974	1	pt	pt	PROPN
cblr-2872	974	2	.	.	PROPN
cblr-2872	974	3	43	43	NUM
cblr-2872	974	4	)	)	PUNCT
cblr-2872	974	5	(	(	PUNCT
cblr-2872	974	6	setting	set	VERB
cblr-2872	974	7	forth	forth	ADP
cblr-2872	974	8	rules	rule	NOUN
cblr-2872	974	9	regarding	regard	VERB
cblr-2872	974	10	block	block	NOUN
cblr-2872	974	11	trades	trade	NOUN
cblr-2872	974	12	)	)	PUNCT
cblr-2872	974	13	.	.	PUNCT
cblr-2872	975	1	730	730	NUM
cblr-2872	976	1	[	[	X
cblr-2872	976	2	vol	vol	NOUN
cblr-2872	976	3	.	.	PUNCT
cblr-2872	977	1	2013	2013	NUM
cblr-2872	977	2	will	will	AUX
cblr-2872	977	3	likely	likely	ADV
cblr-2872	977	4	ask	ask	VERB
cblr-2872	977	5	the	the	DET
cblr-2872	977	6	airline	airline	NOUN
cblr-2872	977	7	to	to	PART
cblr-2872	977	8	pay	pay	VERB
cblr-2872	977	9	a	a	DET
cblr-2872	977	10	premium	premium	NOUN
cblr-2872	977	11	on	on	ADP
cblr-2872	977	12	the	the	DET
cblr-2872	977	13	trade	trade	NOUN
cblr-2872	977	14	above	above	ADP
cblr-2872	977	15	the	the	DET
cblr-2872	977	16	current	current	ADJ
cblr-2872	977	17	market	market	NOUN
cblr-2872	977	18	price	price	NOUN
cblr-2872	977	19	.	.	PUNCT
cblr-2872	978	1	the	the	DET
cblr-2872	978	2	premium	premium	NOUN
cblr-2872	978	3	charged	charge	VERB
cblr-2872	978	4	by	by	ADP
cblr-2872	978	5	the	the	DET
cblr-2872	978	6	dealer	dealer	NOUN
cblr-2872	978	7	will	will	AUX
cblr-2872	978	8	be	be	AUX
cblr-2872	978	9	calculated	calculate	VERB
cblr-2872	978	10	,	,	PUNCT
cblr-2872	978	11	in	in	ADP
cblr-2872	978	12	part	part	NOUN
cblr-2872	978	13	,	,	PUNCT
cblr-2872	978	14	based	base	VERB
cblr-2872	978	15	on	on	ADP
cblr-2872	978	16	the	the	DET
cblr-2872	978	17	dealer	dealer	NOUN
cblr-2872	978	18	's	's	PART
cblr-2872	978	19	estimation	estimation	NOUN
cblr-2872	978	20	of	of	ADP
cblr-2872	978	21	its	its	PRON
cblr-2872	978	22	own	own	ADJ
cblr-2872	978	23	costs	cost	NOUN
cblr-2872	978	24	to	to	PART
cblr-2872	978	25	hedge	hedge	VERB
cblr-2872	978	26	its	its	PRON
cblr-2872	978	27	exposure	exposure	NOUN
cblr-2872	978	28	arising	arise	VERB
cblr-2872	978	29	from	from	ADP
cblr-2872	978	30	the	the	DET
cblr-2872	978	31	jet	jet	NOUN
cblr-2872	978	32	fuel	fuel	NOUN
cblr-2872	978	33	swap	swap	NOUN
cblr-2872	978	34	with	with	ADP
cblr-2872	978	35	the	the	DET
cblr-2872	978	36	airline	airline	NOUN
cblr-2872	978	37	.	.	PUNCT
cblr-2872	979	1	post	post	ADJ
cblr-2872	979	2	-	-	ADJ
cblr-2872	979	3	trade	trade	ADJ
cblr-2872	979	4	swap	swap	NOUN
cblr-2872	979	5	reporting	reporting	NOUN
cblr-2872	979	6	may	may	AUX
cblr-2872	979	7	make	make	VERB
cblr-2872	979	8	it	it	PRON
cblr-2872	979	9	more	more	ADV
cblr-2872	979	10	difficult	difficult	ADJ
cblr-2872	979	11	for	for	SCONJ
cblr-2872	979	12	the	the	DET
cblr-2872	979	13	dealer	dealer	NOUN
cblr-2872	979	14	to	to	PART
cblr-2872	979	15	hedge	hedge	VERB
cblr-2872	979	16	a	a	DET
cblr-2872	979	17	large	large	ADJ
cblr-2872	979	18	position	position	NOUN
cblr-2872	979	19	,	,	PUNCT
cblr-2872	979	20	such	such	ADJ
cblr-2872	979	21	as	as	ADP
cblr-2872	979	22	the	the	DET
cblr-2872	979	23	position	position	NOUN
cblr-2872	979	24	it	it	PRON
cblr-2872	979	25	would	would	AUX
cblr-2872	979	26	have	have	VERB
cblr-2872	979	27	under	under	ADP
cblr-2872	979	28	the	the	DET
cblr-2872	979	29	large	large	ADJ
cblr-2872	979	30	jet	jet	NOUN
cblr-2872	979	31	fuel	fuel	NOUN
cblr-2872	979	32	swap	swap	NOUN
cblr-2872	979	33	with	with	ADP
cblr-2872	979	34	the	the	DET
cblr-2872	979	35	airline	airline	NOUN
cblr-2872	979	36	.	.	PUNCT
cblr-2872	980	1	if	if	SCONJ
cblr-2872	980	2	the	the	DET
cblr-2872	980	3	block	block	NOUN
cblr-2872	980	4	jet	jet	NOUN
cblr-2872	980	5	fuel	fuel	NOUN
cblr-2872	980	6	trade	trade	NOUN
cblr-2872	980	7	was	be	AUX
cblr-2872	980	8	reported	report	VERB
cblr-2872	980	9	to	to	ADP
cblr-2872	980	10	the	the	DET
cblr-2872	980	11	public	public	NOUN
cblr-2872	980	12	immediately	immediately	ADV
cblr-2872	980	13	upon	upon	SCONJ
cblr-2872	980	14	execution	execution	NOUN
cblr-2872	980	15	by	by	ADP
cblr-2872	980	16	the	the	DET
cblr-2872	980	17	airline	airline	NOUN
cblr-2872	980	18	and	and	CCONJ
cblr-2872	980	19	dealer	dealer	NOUN
cblr-2872	980	20	,	,	PUNCT
cblr-2872	980	21	other	other	ADJ
cblr-2872	980	22	market	market	NOUN
cblr-2872	980	23	participants	participant	NOUN
cblr-2872	980	24	would	would	AUX
cblr-2872	980	25	know	know	VERB
cblr-2872	980	26	that	that	SCONJ
cblr-2872	980	27	the	the	DET
cblr-2872	980	28	dealer	dealer	NOUN
cblr-2872	980	29	had	have	AUX
cblr-2872	980	30	taken	take	VERB
cblr-2872	980	31	on	on	ADP
cblr-2872	980	32	a	a	DET
cblr-2872	980	33	sizable	sizable	ADJ
cblr-2872	980	34	risk	risk	NOUN
cblr-2872	980	35	and	and	CCONJ
cblr-2872	980	36	that	that	SCONJ
cblr-2872	980	37	it	it	PRON
cblr-2872	980	38	would	would	AUX
cblr-2872	980	39	be	be	AUX
cblr-2872	980	40	seeking	seek	VERB
cblr-2872	980	41	to	to	PART
cblr-2872	980	42	hedge	hedge	VERB
cblr-2872	980	43	that	that	DET
cblr-2872	980	44	risk	risk	NOUN
cblr-2872	980	45	.	.	PUNCT
cblr-2872	981	1	market	market	NOUN
cblr-2872	981	2	participants	participant	NOUN
cblr-2872	981	3	who	who	PRON
cblr-2872	981	4	would	would	AUX
cblr-2872	981	5	otherwise	otherwise	ADV
cblr-2872	981	6	be	be	AUX
cblr-2872	981	7	willing	willing	ADJ
cblr-2872	981	8	to	to	PART
cblr-2872	981	9	enter	enter	VERB
cblr-2872	981	10	into	into	ADP
cblr-2872	981	11	offsetting	offset	VERB
cblr-2872	981	12	jet	jet	NOUN
cblr-2872	981	13	fuel	fuel	NOUN
cblr-2872	981	14	contracts	contract	NOUN
cblr-2872	981	15	with	with	ADP
cblr-2872	981	16	the	the	DET
cblr-2872	981	17	dealer	dealer	NOUN
cblr-2872	981	18	(	(	PUNCT
cblr-2872	981	19	for	for	ADP
cblr-2872	981	20	example	example	NOUN
cblr-2872	981	21	,	,	PUNCT
cblr-2872	981	22	jet	jet	NOUN
cblr-2872	981	23	fuel	fuel	NOUN
cblr-2872	981	24	futures	future	NOUN
cblr-2872	981	25	or	or	CCONJ
cblr-2872	981	26	jet	jet	NOUN
cblr-2872	981	27	fuel	fuel	NOUN
cblr-2872	981	28	swaps	swap	NOUN
cblr-2872	981	29	)	)	PUNCT
cblr-2872	981	30	will	will	AUX
cblr-2872	981	31	demand	demand	VERB
cblr-2872	981	32	a	a	DET
cblr-2872	981	33	higher	high	ADJ
cblr-2872	981	34	price	price	NOUN
cblr-2872	981	35	for	for	ADP
cblr-2872	981	36	doing	do	VERB
cblr-2872	981	37	so	so	ADV
cblr-2872	981	38	.	.	PUNCT
cblr-2872	982	1	as	as	ADP
cblr-2872	982	2	a	a	DET
cblr-2872	982	3	result	result	NOUN
cblr-2872	982	4	,	,	PUNCT
cblr-2872	982	5	the	the	DET
cblr-2872	982	6	dealer	dealer	NOUN
cblr-2872	982	7	's	's	PART
cblr-2872	982	8	cost	cost	NOUN
cblr-2872	982	9	of	of	ADP
cblr-2872	982	10	hedging	hedge	VERB
cblr-2872	982	11	a	a	DET
cblr-2872	982	12	swap	swap	NOUN
cblr-2872	982	13	will	will	AUX
cblr-2872	982	14	increase	increase	VERB
cblr-2872	982	15	,	,	PUNCT
cblr-2872	982	16	and	and	CCONJ
cblr-2872	982	17	this	this	DET
cblr-2872	982	18	increased	increase	VERB
cblr-2872	982	19	price	price	NOUN
cblr-2872	982	20	will	will	AUX
cblr-2872	982	21	be	be	AUX
cblr-2872	982	22	passed	pass	VERB
cblr-2872	982	23	on	on	ADP
cblr-2872	982	24	to	to	ADP
cblr-2872	982	25	the	the	DET
cblr-2872	982	26	airline	airline	NOUN
cblr-2872	982	27	(	(	PUNCT
cblr-2872	982	28	and	and	CCONJ
cblr-2872	982	29	,	,	PUNCT
cblr-2872	982	30	likely	likely	ADJ
cblr-2872	982	31	,	,	PUNCT
cblr-2872	982	32	to	to	ADP
cblr-2872	982	33	consumers	consumer	NOUN
cblr-2872	982	34	in	in	ADP
cblr-2872	982	35	the	the	DET
cblr-2872	982	36	form	form	NOUN
cblr-2872	982	37	of	of	ADP
cblr-2872	982	38	higher	high	ADJ
cblr-2872	982	39	ticket	ticket	NOUN
cblr-2872	982	40	prices	price	NOUN
cblr-2872	982	41	)	)	PUNCT
cblr-2872	982	42	.	.	PUNCT
cblr-2872	983	1	delays	delay	NOUN
cblr-2872	983	2	in	in	ADP
cblr-2872	983	3	the	the	DET
cblr-2872	983	4	public	public	ADJ
cblr-2872	983	5	dissemination	dissemination	NOUN
cblr-2872	983	6	of	of	ADP
cblr-2872	983	7	information	information	NOUN
cblr-2872	983	8	about	about	ADP
cblr-2872	983	9	block	block	NOUN
cblr-2872	983	10	trades	trade	NOUN
cblr-2872	983	11	can	can	AUX
cblr-2872	983	12	,	,	PUNCT
cblr-2872	983	13	in	in	ADP
cblr-2872	983	14	part	part	NOUN
cblr-2872	983	15	,	,	PUNCT
cblr-2872	983	16	address	address	VERB
cblr-2872	983	17	this	this	DET
cblr-2872	983	18	problem	problem	NOUN
cblr-2872	983	19	.	.	PUNCT
cblr-2872	984	1	the	the	DET
cblr-2872	984	2	effectiveness	effectiveness	NOUN
cblr-2872	984	3	of	of	ADP
cblr-2872	984	4	these	these	DET
cblr-2872	984	5	delays	delay	NOUN
cblr-2872	984	6	depends	depend	VERB
cblr-2872	984	7	,	,	PUNCT
cblr-2872	984	8	however	however	ADV
cblr-2872	984	9	,	,	PUNCT
cblr-2872	984	10	on	on	ADP
cblr-2872	984	11	the	the	DET
cblr-2872	984	12	proper	proper	ADJ
cblr-2872	984	13	identification	identification	NOUN
cblr-2872	984	14	of	of	ADP
cblr-2872	984	15	block	block	NOUN
cblr-2872	984	16	trades	trade	NOUN
cblr-2872	984	17	and	and	CCONJ
cblr-2872	984	18	on	on	ADP
cblr-2872	984	19	a	a	DET
cblr-2872	984	20	sufficiently	sufficiently	ADV
cblr-2872	984	21	long	long	ADJ
cblr-2872	984	22	time	time	NOUN
cblr-2872	984	23	delay	delay	NOUN
cblr-2872	984	24	afforded	afford	VERB
cblr-2872	984	25	to	to	PART
cblr-2872	984	26	block	block	VERB
cblr-2872	984	27	trades	trade	NOUN
cblr-2872	984	28	to	to	PART
cblr-2872	984	29	allow	allow	VERB
cblr-2872	984	30	dealers	dealer	NOUN
cblr-2872	984	31	to	to	PART
cblr-2872	984	32	hedge	hedge	VERB
cblr-2872	984	33	their	their	PRON
cblr-2872	984	34	positions	position	NOUN
cblr-2872	984	35	before	before	SCONJ
cblr-2872	984	36	the	the	DET
cblr-2872	984	37	market	market	NOUN
cblr-2872	984	38	learns	learn	VERB
cblr-2872	984	39	about	about	ADP
cblr-2872	984	40	the	the	DET
cblr-2872	984	41	original	original	ADJ
cblr-2872	984	42	block	block	NOUN
cblr-2872	984	43	trade	trade	NOUN
cblr-2872	984	44	.	.	PUNCT
cblr-2872	985	1	since	since	SCONJ
cblr-2872	985	2	it	it	PRON
cblr-2872	985	3	is	be	AUX
cblr-2872	985	4	impossible	impossible	ADJ
cblr-2872	985	5	to	to	PART
cblr-2872	985	6	calibrate	calibrate	VERB
cblr-2872	985	7	both	both	PRON
cblr-2872	985	8	of	of	ADP
cblr-2872	985	9	these	these	DET
cblr-2872	985	10	variables	variable	NOUN
cblr-2872	985	11	perfectly	perfectly	ADV
cblr-2872	985	12	,	,	PUNCT
cblr-2872	985	13	post	post	ADJ
cblr-2872	985	14	-	-	ADJ
cblr-2872	985	15	trade	trade	ADJ
cblr-2872	985	16	public	public	ADJ
cblr-2872	985	17	dissemination	dissemination	NOUN
cblr-2872	985	18	may	may	AUX
cblr-2872	985	19	have	have	VERB
cblr-2872	985	20	negative	negative	ADJ
cblr-2872	985	21	effects	effect	NOUN
cblr-2872	985	22	in	in	ADP
cblr-2872	985	23	some	some	DET
cblr-2872	985	24	cases	case	NOUN
cblr-2872	985	25	,	,	PUNCT
cblr-2872	985	26	as	as	SCONJ
cblr-2872	985	27	described	describe	VERB
cblr-2872	985	28	in	in	ADP
cblr-2872	985	29	greater	great	ADJ
cblr-2872	985	30	detail	detail	NOUN
cblr-2872	985	31	below	below	ADV
cblr-2872	985	32	.	.	PUNCT
cblr-2872	986	1	1	1	X
cblr-2872	986	2	.	.	X
cblr-2872	986	3	the	the	DET
cblr-2872	986	4	regulatory	regulatory	ADJ
cblr-2872	986	5	regime	regime	NOUN
cblr-2872	986	6	futures	future	NOUN
cblr-2872	986	7	.	.	PUNCT
cblr-2872	987	1	as	as	SCONJ
cblr-2872	987	2	described	describe	VERB
cblr-2872	987	3	above	above	ADV
cblr-2872	987	4	,	,	PUNCT
cblr-2872	987	5	all	all	DET
cblr-2872	987	6	futures	future	NOUN
cblr-2872	987	7	contracts	contract	NOUN
cblr-2872	987	8	must	must	AUX
cblr-2872	987	9	be	be	AUX
cblr-2872	987	10	executed	execute	VERB
cblr-2872	987	11	on	on	ADP
cblr-2872	987	12	a	a	DET
cblr-2872	987	13	cftc	cftc	PROPN
cblr-2872	987	14	-	-	PUNCT
cblr-2872	987	15	registered	register	VERB
cblr-2872	987	16	dcm	dcm	NOUN
cblr-2872	987	17	,	,	PUNCT
cblr-2872	987	18	124	124	NUM
cblr-2872	987	19	also	also	ADV
cblr-2872	987	20	known	know	VERB
cblr-2872	987	21	as	as	ADP
cblr-2872	987	22	a	a	DET
cblr-2872	987	23	"	"	PUNCT
cblr-2872	987	24	futures	future	NOUN
cblr-2872	987	25	exchange	exchange	NOUN
cblr-2872	987	26	.	.	PUNCT
cblr-2872	987	27	"	"	PUNCT
cblr-2872	988	1	futures	future	NOUN
cblr-2872	988	2	exchanges	exchange	NOUN
cblr-2872	988	3	must	must	AUX
cblr-2872	988	4	publicly	publicly	ADV
cblr-2872	988	5	report	report	VERB
cblr-2872	988	6	futures	future	NOUN
cblr-2872	988	7	transaction	transaction	NOUN
cblr-2872	988	8	data	datum	NOUN
cblr-2872	988	9	by	by	ADP
cblr-2872	988	10	the	the	DET
cblr-2872	988	11	end	end	NOUN
cblr-2872	988	12	of	of	ADP
cblr-2872	988	13	each	each	DET
cblr-2872	988	14	trading	trading	NOUN
cblr-2872	988	15	dayl25	dayl25	NOUN
cblr-2872	988	16	but	but	CCONJ
cblr-2872	988	17	are	be	AUX
cblr-2872	988	18	not	not	PART
cblr-2872	988	19	required	require	VERB
cblr-2872	988	20	as	as	ADP
cblr-2872	988	21	a	a	DET
cblr-2872	988	22	regulatory	regulatory	ADJ
cblr-2872	988	23	matter	matter	NOUN
cblr-2872	988	24	to	to	PART
cblr-2872	988	25	publicly	publicly	ADV
cblr-2872	988	26	124	124	NUM
cblr-2872	988	27	see	see	NOUN
cblr-2872	988	28	commodity	commodity	NOUN
cblr-2872	988	29	exchange	exchange	PROPN
cblr-2872	988	30	act	act	PROPN
cblr-2872	988	31	§	§	PROPN
cblr-2872	988	32	4d(a	4d(a	PROPN
cblr-2872	988	33	)	)	PUNCT
cblr-2872	988	34	,	,	PUNCT
cblr-2872	988	35	7	7	NUM
cblr-2872	988	36	u.s.c	u.s.c	ADJ
cblr-2872	988	37	.	.	PUNCT
cblr-2872	989	1	§	§	PROPN
cblr-2872	989	2	6d(a	6d(a	PROPN
cblr-2872	989	3	)	)	PUNCT
cblr-2872	989	4	(	(	PUNCT
cblr-2872	989	5	2012	2012	NUM
cblr-2872	989	6	)	)	PUNCT
cblr-2872	989	7	.	.	PUNCT
cblr-2872	990	1	125	125	NUM
cblr-2872	990	2	see	see	VERB
cblr-2872	990	3	core	core	NOUN
cblr-2872	990	4	principle	principle	NOUN
cblr-2872	990	5	vii	vii	PROPN
cblr-2872	990	6	,	,	PUNCT
cblr-2872	990	7	17	17	NUM
cblr-2872	990	8	c.f.r	c.f.r	NOUN
cblr-2872	990	9	.	.	PUNCT
cblr-2872	991	1	app	app	PROPN
cblr-2872	991	2	.	.	PUNCT
cblr-2872	992	1	b	b	PROPN
cblr-2872	992	2	§	§	PROPN
cblr-2872	992	3	36	36	NUM
cblr-2872	992	4	(	(	PUNCT
cblr-2872	992	5	2013	2013	NUM
cblr-2872	992	6	)	)	PUNCT
cblr-2872	992	7	.	.	PUNCT
cblr-2872	993	1	regulation	regulation	NOUN
cblr-2872	993	2	through	through	ADP
cblr-2872	993	3	substitutionno	substitutionno	NOUN
cblr-2872	993	4	.	.	PUNCT
cblr-2872	994	1	3:667	3:667	NUM
cblr-2872	994	2	]	]	PUNCT
cblr-2872	994	3	731	731	NUM
cblr-2872	994	4	disseminate	disseminate	NOUN
cblr-2872	994	5	transaction	transaction	NOUN
cblr-2872	994	6	information	information	NOUN
cblr-2872	994	7	in	in	ADP
cblr-2872	994	8	real	real	ADJ
cblr-2872	994	9	time	time	NOUN
cblr-2872	994	10	.	.	PUNCT
cblr-2872	995	1	futures	future	NOUN
cblr-2872	995	2	exchanges	exchange	NOUN
cblr-2872	995	3	do	do	VERB
cblr-2872	995	4	,	,	PUNCT
cblr-2872	995	5	however	however	ADV
cblr-2872	995	6	,	,	PUNCT
cblr-2872	995	7	license	license	NOUN
cblr-2872	995	8	with	with	ADP
cblr-2872	995	9	market	market	NOUN
cblr-2872	995	10	data	datum	NOUN
cblr-2872	995	11	service	service	NOUN
cblr-2872	995	12	firms	firm	NOUN
cblr-2872	995	13	to	to	PART
cblr-2872	995	14	provide	provide	VERB
cblr-2872	995	15	real	real	ADJ
cblr-2872	995	16	-	-	PUNCT
cblr-2872	995	17	time	time	NOUN
cblr-2872	995	18	dissemination	dissemination	NOUN
cblr-2872	995	19	of	of	ADP
cblr-2872	995	20	futures	future	NOUN
cblr-2872	995	21	transaction	transaction	NOUN
cblr-2872	995	22	data	datum	NOUN
cblr-2872	995	23	,	,	PUNCT
cblr-2872	995	24	subject	subject	ADJ
cblr-2872	995	25	to	to	ADP
cblr-2872	995	26	delays	delay	NOUN
cblr-2872	995	27	for	for	ADP
cblr-2872	995	28	block	block	NOUN
cblr-2872	995	29	transactions	transaction	NOUN
cblr-2872	995	30	.	.	PUNCT
cblr-2872	996	1	126	126	NUM
cblr-2872	996	2	cleared	clear	VERB
cblr-2872	996	3	swaps	swap	NOUN
cblr-2872	996	4	.	.	PUNCT
cblr-2872	997	1	the	the	DET
cblr-2872	997	2	dodd	dodd	PROPN
cblr-2872	997	3	-	-	PUNCT
cblr-2872	997	4	frank	frank	PROPN
cblr-2872	997	5	act	act	PROPN
cblr-2872	997	6	amended	amend	VERB
cblr-2872	997	7	the	the	DET
cblr-2872	997	8	commodity	commodity	NOUN
cblr-2872	997	9	exchange	exchange	PROPN
cblr-2872	997	10	act	act	VERB
cblr-2872	997	11	to	to	PART
cblr-2872	997	12	put	put	VERB
cblr-2872	997	13	in	in	ADP
cblr-2872	997	14	place	place	NOUN
cblr-2872	997	15	new	new	ADJ
cblr-2872	997	16	requirements	requirement	NOUN
cblr-2872	997	17	for	for	ADP
cblr-2872	997	18	the	the	DET
cblr-2872	997	19	real	real	ADJ
cblr-2872	997	20	-	-	PUNCT
cblr-2872	997	21	time	time	NOUN
cblr-2872	997	22	publication	publication	NOUN
cblr-2872	997	23	of	of	ADP
cblr-2872	997	24	swap	swap	NOUN
cblr-2872	997	25	transaction	transaction	NOUN
cblr-2872	997	26	data.127	data.127	VERB
cblr-2872	997	27	the	the	DET
cblr-2872	997	28	cftc	cftc	PROPN
cblr-2872	997	29	's	's	PART
cblr-2872	997	30	rules	rule	NOUN
cblr-2872	997	31	implementing	implement	VERB
cblr-2872	997	32	this	this	DET
cblr-2872	997	33	provision	provision	NOUN
cblr-2872	997	34	,	,	PUNCT
cblr-2872	997	35	which	which	PRON
cblr-2872	997	36	are	be	AUX
cblr-2872	997	37	already	already	ADV
cblr-2872	997	38	effective,128	effective,128	VERB
cblr-2872	997	39	require	require	VERB
cblr-2872	997	40	that	that	SCONJ
cblr-2872	997	41	information	information	NOUN
cblr-2872	997	42	about	about	ADP
cblr-2872	997	43	all	all	DET
cblr-2872	997	44	swap	swap	NOUN
cblr-2872	997	45	transactions	transaction	NOUN
cblr-2872	997	46	be	be	AUX
cblr-2872	997	47	transmitted	transmit	VERB
cblr-2872	997	48	to	to	ADP
cblr-2872	997	49	a	a	DET
cblr-2872	997	50	swap	swap	NOUN
cblr-2872	997	51	data	datum	NOUN
cblr-2872	997	52	repository	repository	NOUN
cblr-2872	997	53	"	"	PUNCT
cblr-2872	997	54	as	as	ADV
cblr-2872	997	55	soon	soon	ADV
cblr-2872	997	56	as	as	SCONJ
cblr-2872	997	57	technologically	technologically	ADV
cblr-2872	997	58	practicable	practicable	ADJ
cblr-2872	997	59	"	"	PUNCT
cblr-2872	997	60	after	after	ADP
cblr-2872	997	61	execution	execution	NOUN
cblr-2872	997	62	of	of	ADP
cblr-2872	997	63	the	the	DET
cblr-2872	997	64	swap.129	swap.129	PROPN
cblr-2872	997	65	for	for	ADP
cblr-2872	997	66	exchange	exchange	NOUN
cblr-2872	997	67	-	-	PUNCT
cblr-2872	997	68	traded	trade	VERB
cblr-2872	997	69	swaps	swap	NOUN
cblr-2872	997	70	-	-	PUNCT
cblr-2872	997	71	the	the	DET
cblr-2872	997	72	significant	significant	ADJ
cblr-2872	997	73	majority	majority	NOUN
cblr-2872	997	74	of	of	ADP
cblr-2872	997	75	which	which	PRON
cblr-2872	997	76	will	will	AUX
cblr-2872	997	77	ultimately	ultimately	ADV
cblr-2872	997	78	be	be	AUX
cblr-2872	997	79	subject	subject	ADJ
cblr-2872	997	80	to	to	ADP
cblr-2872	997	81	the	the	DET
cblr-2872	997	82	mandatory	mandatory	ADJ
cblr-2872	997	83	clearing	clearing	NOUN
cblr-2872	997	84	requirementl	requirementl	NOUN
cblr-2872	997	85	30	30	NUM
cblr-2872	997	86	-	-	PUNCT
cblr-2872	997	87	the	the	DET
cblr-2872	997	88	dcm	dcm	PROPN
cblr-2872	997	89	or	or	CCONJ
cblr-2872	997	90	swap	swap	NOUN
cblr-2872	997	91	execution	execution	NOUN
cblr-2872	997	92	facility	facility	NOUN
cblr-2872	997	93	on	on	ADP
cblr-2872	997	94	which	which	PRON
cblr-2872	997	95	the	the	DET
cblr-2872	997	96	swap	swap	NOUN
cblr-2872	997	97	is	be	AUX
cblr-2872	997	98	executed	execute	VERB
cblr-2872	997	99	is	be	AUX
cblr-2872	997	100	responsible	responsible	ADJ
cblr-2872	997	101	for	for	ADP
cblr-2872	997	102	reporting	report	VERB
cblr-2872	997	103	this	this	DET
cblr-2872	997	104	information	information	NOUN
cblr-2872	997	105	to	to	ADP
cblr-2872	997	106	the	the	DET
cblr-2872	997	107	swap	swap	NOUN
cblr-2872	997	108	data	datum	NOUN
cblr-2872	997	109	repository	repository	NOUN
cblr-2872	997	110	,	,	PUNCT
cblr-2872	997	111	which	which	PRON
cblr-2872	997	112	in	in	ADP
cblr-2872	997	113	turn	turn	NOUN
cblr-2872	997	114	126	126	NUM
cblr-2872	997	115	gary	gary	NOUN
cblr-2872	997	116	gensler	gensler	NOUN
cblr-2872	997	117	,	,	PUNCT
cblr-2872	997	118	chairman	chairman	NOUN
cblr-2872	997	119	,	,	PUNCT
cblr-2872	997	120	cftc	cftc	PROPN
cblr-2872	997	121	,	,	PUNCT
cblr-2872	997	122	cftc	cftc	PROPN
cblr-2872	997	123	roundtable	roundtable	NOUN
cblr-2872	997	124	,	,	PUNCT
cblr-2872	997	125	supra	supra	PROPN
cblr-2872	997	126	note	note	NOUN
cblr-2872	997	127	3	3	NUM
cblr-2872	997	128	,	,	PUNCT
cblr-2872	997	129	at	at	ADP
cblr-2872	997	130	16	16	NUM
cblr-2872	997	131	-	-	SYM
cblr-2872	997	132	17	17	NUM
cblr-2872	997	133	(	(	PUNCT
cblr-2872	997	134	"	"	PUNCT
cblr-2872	997	135	the	the	DET
cblr-2872	997	136	time	time	NOUN
cblr-2872	997	137	delays	delay	VERB
cblr-2872	998	1	[	[	X
cblr-2872	998	2	for	for	ADP
cblr-2872	998	3	real	real	ADJ
cblr-2872	998	4	-	-	PUNCT
cblr-2872	998	5	time	time	NOUN
cblr-2872	998	6	reporting	reporting	NOUN
cblr-2872	998	7	]	]	PUNCT
cblr-2872	998	8	are	be	AUX
cblr-2872	998	9	still	still	ADV
cblr-2872	998	10	between	between	ADP
cblr-2872	998	11	30	30	NUM
cblr-2872	998	12	minutes	minute	NOUN
cblr-2872	998	13	long	long	ADV
cblr-2872	998	14	and	and	CCONJ
cblr-2872	998	15	sometimes	sometimes	ADV
cblr-2872	998	16	up	up	ADP
cblr-2872	998	17	to	to	PART
cblr-2872	998	18	two	two	NUM
cblr-2872	998	19	days	day	NOUN
cblr-2872	998	20	for	for	ADP
cblr-2872	998	21	end	end	NOUN
cblr-2872	998	22	user	user	NOUN
cblr-2872	998	23	to	to	PART
cblr-2872	998	24	end	end	VERB
cblr-2872	998	25	user	user	NOUN
cblr-2872	998	26	transactions	transaction	NOUN
cblr-2872	998	27	,	,	PUNCT
cblr-2872	998	28	but	but	CCONJ
cblr-2872	998	29	generally	generally	ADV
cblr-2872	998	30	if	if	SCONJ
cblr-2872	998	31	it	it	PRON
cblr-2872	998	32	's	be	AUX
cblr-2872	998	33	a	a	DET
cblr-2872	998	34	swap	swap	NOUN
cblr-2872	998	35	dealer	dealer	NOUN
cblr-2872	998	36	,	,	PUNCT
cblr-2872	998	37	it	it	PRON
cblr-2872	998	38	's	be	AUX
cblr-2872	998	39	on	on	ADP
cblr-2872	998	40	a	a	DET
cblr-2872	998	41	platform	platform	NOUN
cblr-2872	998	42	that	that	PRON
cblr-2872	998	43	will	will	AUX
cblr-2872	998	44	come	come	VERB
cblr-2872	998	45	down	down	ADV
cblr-2872	998	46	to	to	ADP
cblr-2872	998	47	15	15	NUM
cblr-2872	998	48	minutes	minute	NOUN
cblr-2872	998	49	this	this	DET
cblr-2872	998	50	october	october	NOUN
cblr-2872	998	51	for	for	ADP
cblr-2872	998	52	interest	interest	NOUN
cblr-2872	998	53	rates	rate	NOUN
cblr-2872	998	54	and	and	CCONJ
cblr-2872	998	55	credit	credit	NOUN
cblr-2872	998	56	index	index	NOUN
cblr-2872	998	57	swaps	swap	NOUN
cblr-2872	998	58	and	and	CCONJ
cblr-2872	998	59	for	for	ADP
cblr-2872	998	60	the	the	DET
cblr-2872	998	61	other	other	ADJ
cblr-2872	998	62	asset	asset	NOUN
cblr-2872	998	63	classes	class	NOUN
cblr-2872	998	64	the	the	DET
cblr-2872	998	65	following	following	ADJ
cblr-2872	998	66	january	january	PROPN
cblr-2872	998	67	.	.	PUNCT
cblr-2872	999	1	that	that	PRON
cblr-2872	999	2	15	15	NUM
cblr-2872	999	3	minute	minute	NOUN
cblr-2872	999	4	delay	delay	NOUN
cblr-2872	999	5	is	be	AUX
cblr-2872	999	6	something	something	PRON
cblr-2872	999	7	very	very	ADV
cblr-2872	999	8	similar	similar	ADJ
cblr-2872	999	9	to	to	ADP
cblr-2872	999	10	trace	trace	NOUN
cblr-2872	999	11	.	.	PUNCT
cblr-2872	999	12	.	.	PUNCT
cblr-2872	999	13	.	.	PUNCT
cblr-2872	999	14	.	.	PUNCT
cblr-2872	1000	1	the	the	DET
cblr-2872	1000	2	futures	future	NOUN
cblr-2872	1000	3	marketplace	marketplace	NOUN
cblr-2872	1000	4	has	have	VERB
cblr-2872	1000	5	a	a	DET
cblr-2872	1000	6	time	time	NOUN
cblr-2872	1000	7	delay	delay	NOUN
cblr-2872	1000	8	for	for	ADP
cblr-2872	1000	9	blocks	block	NOUN
cblr-2872	1000	10	for	for	ADP
cblr-2872	1000	11	about	about	ADV
cblr-2872	1000	12	five	five	NUM
cblr-2872	1000	13	minutes	minute	NOUN
cblr-2872	1000	14	.	.	PUNCT
cblr-2872	1001	1	so	so	ADV
cblr-2872	1001	2	after	after	SCONJ
cblr-2872	1001	3	we	we	PRON
cblr-2872	1001	4	complete	complete	VERB
cblr-2872	1001	5	the	the	DET
cblr-2872	1001	6	block	block	NOUN
cblr-2872	1001	7	rule	rule	NOUN
cblr-2872	1001	8	for	for	ADP
cblr-2872	1001	9	swaps	swap	NOUN
cblr-2872	1001	10	,	,	PUNCT
cblr-2872	1001	11	trades	trade	VERB
cblr-2872	1001	12	smaller	small	ADJ
cblr-2872	1001	13	than	than	ADP
cblr-2872	1001	14	a	a	DET
cblr-2872	1001	15	block	block	NOUN
cblr-2872	1001	16	will	will	AUX
cblr-2872	1001	17	be	be	AUX
cblr-2872	1001	18	reported	report	VERB
cblr-2872	1001	19	as	as	ADV
cblr-2872	1001	20	soon	soon	ADV
cblr-2872	1001	21	as	as	SCONJ
cblr-2872	1001	22	technologically	technologically	ADV
cblr-2872	1001	23	practicable	practicable	ADJ
cblr-2872	1001	24	.	.	PUNCT
cblr-2872	1002	1	those	those	PRON
cblr-2872	1002	2	are	be	AUX
cblr-2872	1002	3	the	the	DET
cblr-2872	1002	4	words	word	NOUN
cblr-2872	1002	5	that	that	PRON
cblr-2872	1002	6	congress	congress	PROPN
cblr-2872	1002	7	has	have	VERB
cblr-2872	1002	8	in	in	ADP
cblr-2872	1002	9	its	its	PRON
cblr-2872	1002	10	statute	statute	NOUN
cblr-2872	1002	11	.	.	PUNCT
cblr-2872	1002	12	"	"	PUNCT
cblr-2872	1002	13	)	)	PUNCT
cblr-2872	1002	14	.	.	PUNCT
cblr-2872	1003	1	the	the	DET
cblr-2872	1003	2	regulations	regulation	NOUN
cblr-2872	1003	3	governing	govern	VERB
cblr-2872	1003	4	real	real	ADJ
cblr-2872	1003	5	-	-	PUNCT
cblr-2872	1003	6	time	time	NOUN
cblr-2872	1003	7	reporting	reporting	NOUN
cblr-2872	1003	8	have	have	AUX
cblr-2872	1003	9	been	be	AUX
cblr-2872	1003	10	codified	codify	VERB
cblr-2872	1003	11	in	in	ADP
cblr-2872	1003	12	part	part	NOUN
cblr-2872	1003	13	43	43	NUM
cblr-2872	1003	14	of	of	ADP
cblr-2872	1003	15	the	the	DET
cblr-2872	1003	16	cftc	cftc	PROPN
cblr-2872	1003	17	's	's	PART
cblr-2872	1003	18	regulations	regulation	NOUN
cblr-2872	1003	19	.	.	PUNCT
cblr-2872	1004	1	see	see	VERB
cblr-2872	1004	2	real	real	ADJ
cblr-2872	1004	3	-	-	PUNCT
cblr-2872	1004	4	time	time	NOUN
cblr-2872	1004	5	public	public	ADJ
cblr-2872	1004	6	reporting	reporting	NOUN
cblr-2872	1004	7	of	of	ADP
cblr-2872	1004	8	swap	swap	NOUN
cblr-2872	1004	9	transaction	transaction	NOUN
cblr-2872	1004	10	data	datum	NOUN
cblr-2872	1004	11	,	,	PUNCT
cblr-2872	1004	12	77	77	NUM
cblr-2872	1004	13	fed	fed	PROPN
cblr-2872	1004	14	.	.	PUNCT
cblr-2872	1005	1	reg	reg	NOUN
cblr-2872	1005	2	.	.	PUNCT
cblr-2872	1006	1	1182	1182	NUM
cblr-2872	1006	2	(	(	PUNCT
cblr-2872	1006	3	jan	jan	PROPN
cblr-2872	1006	4	.	.	PROPN
cblr-2872	1006	5	9	9	NUM
cblr-2872	1006	6	,	,	PUNCT
cblr-2872	1006	7	2012	2012	NUM
cblr-2872	1006	8	)	)	PUNCT
cblr-2872	1006	9	(	(	PUNCT
cblr-2872	1006	10	amending	amend	VERB
cblr-2872	1006	11	17	17	NUM
cblr-2872	1006	12	c.f.r	c.f.r	NOUN
cblr-2872	1006	13	.	.	PUNCT
cblr-2872	1007	1	pt	pt	PROPN
cblr-2872	1007	2	.	.	PROPN
cblr-2872	1007	3	43	43	NUM
cblr-2872	1007	4	)	)	PUNCT
cblr-2872	1007	5	.	.	PUNCT
cblr-2872	1008	1	127	127	NUM
cblr-2872	1008	2	commodity	commodity	NOUN
cblr-2872	1008	3	exchange	exchange	PROPN
cblr-2872	1008	4	act	act	NOUN
cblr-2872	1008	5	§	§	PROPN
cblr-2872	1008	6	2(a)(13	2(a)(13	NUM
cblr-2872	1008	7	)	)	PUNCT
cblr-2872	1008	8	,	,	PUNCT
cblr-2872	1008	9	7	7	NUM
cblr-2872	1008	10	u.s.c	u.s.c	NOUN
cblr-2872	1008	11	.	.	PUNCT
cblr-2872	1009	1	§	§	PROPN
cblr-2872	1009	2	2(a)(13	2(a)(13	NUM
cblr-2872	1009	3	)	)	PUNCT
cblr-2872	1009	4	.	.	PUNCT
cblr-2872	1010	1	128	128	NUM
cblr-2872	1010	2	press	press	NOUN
cblr-2872	1010	3	release	release	NOUN
cblr-2872	1010	4	,	,	PUNCT
cblr-2872	1010	5	cftc	cftc	PROPN
cblr-2872	1010	6	,	,	PUNCT
cblr-2872	1010	7	cftc	cftc	PROPN
cblr-2872	1010	8	announces	announce	VERB
cblr-2872	1010	9	real	real	ADJ
cblr-2872	1010	10	-	-	PUNCT
cblr-2872	1010	11	time	time	NOUN
cblr-2872	1010	12	public	public	ADJ
cblr-2872	1010	13	reporting	reporting	NOUN
cblr-2872	1010	14	of	of	ADP
cblr-2872	1010	15	swap	swap	NOUN
cblr-2872	1010	16	transactions	transaction	NOUN
cblr-2872	1010	17	and	and	CCONJ
cblr-2872	1010	18	swap	swap	NOUN
cblr-2872	1010	19	dealer	dealer	NOUN
cblr-2872	1010	20	registration	registration	NOUN
cblr-2872	1010	21	began	begin	VERB
cblr-2872	1010	22	december	december	PROPN
cblr-2872	1010	23	31	31	NUM
cblr-2872	1010	24	,	,	PUNCT
cblr-2872	1010	25	2012	2012	NUM
cblr-2872	1010	26	(	(	PUNCT
cblr-2872	1010	27	jan	jan	PROPN
cblr-2872	1010	28	.	.	PROPN
cblr-2872	1010	29	2	2	NUM
cblr-2872	1010	30	,	,	PUNCT
cblr-2872	1010	31	2013	2013	NUM
cblr-2872	1010	32	)	)	PUNCT
cblr-2872	1010	33	,	,	PUNCT
cblr-2872	1010	34	http://www.cftc.gov/pressroom/	http://www.cftc.gov/pressroom/	PROPN
cblr-2872	1010	35	pressreleases	pressreleases	PROPN
cblr-2872	1010	36	/	/	SYM
cblr-2872	1010	37	pr6489	pr6489	NOUN
cblr-2872	1010	38	-	-	PUNCT
cblr-2872	1010	39	13	13	NUM
cblr-2872	1010	40	.	.	PUNCT
cblr-2872	1011	1	129	129	NUM
cblr-2872	1011	2	17	17	NUM
cblr-2872	1011	3	c.f.r	c.f.r	NOUN
cblr-2872	1011	4	.	.	PUNCT
cblr-2872	1012	1	§	§	PROPN
cblr-2872	1012	2	43.3(a	43.3(a	NUM
cblr-2872	1012	3	)	)	PUNCT
cblr-2872	1012	4	.	.	PUNCT
cblr-2872	1013	1	130	130	NUM
cblr-2872	1013	2	all	all	DET
cblr-2872	1013	3	swaps	swap	NOUN
cblr-2872	1013	4	subject	subject	ADJ
cblr-2872	1013	5	to	to	ADP
cblr-2872	1013	6	the	the	DET
cblr-2872	1013	7	cftc	cftc	PROPN
cblr-2872	1013	8	's	's	PART
cblr-2872	1013	9	mandatory	mandatory	ADJ
cblr-2872	1013	10	clearing	clearing	NOUN
cblr-2872	1013	11	requirement	requirement	NOUN
cblr-2872	1013	12	that	that	PRON
cblr-2872	1013	13	are	be	AUX
cblr-2872	1013	14	made	make	VERB
cblr-2872	1013	15	available	available	ADJ
cblr-2872	1013	16	to	to	PART
cblr-2872	1013	17	trade	trade	VERB
cblr-2872	1013	18	on	on	ADP
cblr-2872	1013	19	a	a	DET
cblr-2872	1013	20	dcm	dcm	NOUN
cblr-2872	1013	21	or	or	CCONJ
cblr-2872	1013	22	swap	swap	NOUN
cblr-2872	1013	23	execution	execution	NOUN
cblr-2872	1013	24	facility	facility	NOUN
cblr-2872	1013	25	are	be	AUX
cblr-2872	1013	26	required	require	VERB
cblr-2872	1013	27	to	to	PART
cblr-2872	1013	28	be	be	AUX
cblr-2872	1013	29	exchange	exchange	NOUN
cblr-2872	1013	30	-	-	PUNCT
cblr-2872	1013	31	traded	trade	VERB
cblr-2872	1013	32	.	.	PUNCT
cblr-2872	1014	1	see	see	VERB
cblr-2872	1014	2	commodity	commodity	NOUN
cblr-2872	1014	3	exchange	exchange	PROPN
cblr-2872	1014	4	act	act	PROPN
cblr-2872	1014	5	§	§	PROPN
cblr-2872	1014	6	2(h)(8	2(h)(8	NUM
cblr-2872	1014	7	)	)	PUNCT
cblr-2872	1014	8	,	,	PUNCT
cblr-2872	1014	9	7	7	NUM
cblr-2872	1014	10	u.s.c	u.s.c	ADJ
cblr-2872	1014	11	.	.	PUNCT
cblr-2872	1015	1	§	§	PROPN
cblr-2872	1015	2	2(h)(8	2(h)(8	NUM
cblr-2872	1015	3	)	)	PUNCT
cblr-2872	1015	4	.	.	PUNCT
cblr-2872	1016	1	732	732	NUM
cblr-2872	1016	2	col	col	PROPN
cblr-2872	1016	3	umbia	umbia	PROPN
cblr-2872	1016	4	b	b	PROPN
cblr-2872	1016	5	usiness	usiness	PROPN
cblr-2872	1016	6	la	la	PROPN
cblr-2872	1016	7	w	w	PROPN
cblr-2872	1016	8	re	re	PROPN
cblr-2872	1016	9	vie	vie	PROPN
cblr-2872	1016	10	w	w	PROPN
cblr-2872	1016	11	[	[	PUNCT
cblr-2872	1016	12	vol	vol	NOUN
cblr-2872	1016	13	.	.	PUNCT
cblr-2872	1016	14	2013	2013	NUM
cblr-2872	1016	15	no	no	NOUN
cblr-2872	1016	16	.	.	PUNCT
cblr-2872	1016	17	3:667	3:667	NUM
cblr-2872	1016	18	]	]	PUNCT
cblr-2872	1016	19	must	must	AUX
cblr-2872	1016	20	publicly	publicly	ADV
cblr-2872	1016	21	disseminate	disseminate	VERB
cblr-2872	1016	22	some	some	PRON
cblr-2872	1016	23	of	of	ADP
cblr-2872	1016	24	that	that	DET
cblr-2872	1016	25	information.131	information.131	NOUN
cblr-2872	1016	26	for	for	ADP
cblr-2872	1016	27	swaps	swap	NOUN
cblr-2872	1016	28	that	that	PRON
cblr-2872	1016	29	are	be	AUX
cblr-2872	1016	30	not	not	PART
cblr-2872	1016	31	exchange	exchange	NOUN
cblr-2872	1016	32	-	-	PUNCT
cblr-2872	1016	33	traded	trade	VERB
cblr-2872	1016	34	,	,	PUNCT
cblr-2872	1016	35	one	one	NUM
cblr-2872	1016	36	of	of	ADP
cblr-2872	1016	37	the	the	DET
cblr-2872	1016	38	counterparties	counterpartie	NOUN
cblr-2872	1016	39	,	,	PUNCT
cblr-2872	1016	40	known	know	VERB
cblr-2872	1016	41	as	as	ADP
cblr-2872	1016	42	the	the	DET
cblr-2872	1016	43	"	"	PUNCT
cblr-2872	1016	44	reporting	reporting	NOUN
cblr-2872	1016	45	counterparty	counterparty	NOUN
cblr-2872	1016	46	,	,	PUNCT
cblr-2872	1016	47	"	"	PUNCT
cblr-2872	1016	48	must	must	AUX
cblr-2872	1016	49	do	do	VERB
cblr-2872	1016	50	so.1	so.1	X
cblr-2872	1016	51	32	32	NUM
cblr-2872	1016	52	publically	publically	ADV
cblr-2872	1016	53	disseminated	disseminate	VERB
cblr-2872	1016	54	information	information	NOUN
cblr-2872	1016	55	includes	include	VERB
cblr-2872	1016	56	the	the	DET
cblr-2872	1016	57	rounded	rounded	ADJ
cblr-2872	1016	58	notional	notional	ADJ
cblr-2872	1016	59	value	value	NOUN
cblr-2872	1016	60	of	of	ADP
cblr-2872	1016	61	a	a	DET
cblr-2872	1016	62	swap	swap	NOUN
cblr-2872	1016	63	,	,	PUNCT
cblr-2872	1016	64	its	its	PRON
cblr-2872	1016	65	price	price	NOUN
cblr-2872	1016	66	,	,	PUNCT
cblr-2872	1016	67	the	the	DET
cblr-2872	1016	68	underlying	underlie	VERB
cblr-2872	1016	69	asset	asset	NOUN
cblr-2872	1016	70	,	,	PUNCT
cblr-2872	1016	71	and	and	CCONJ
cblr-2872	1016	72	other	other	ADJ
cblr-2872	1016	73	information	information	NOUN
cblr-2872	1016	74	necessary	necessary	ADJ
cblr-2872	1016	75	for	for	SCONJ
cblr-2872	1016	76	market	market	NOUN
cblr-2872	1016	77	participants	participant	NOUN
cblr-2872	1016	78	to	to	PART
cblr-2872	1016	79	understand	understand	VERB
cblr-2872	1016	80	the	the	DET
cblr-2872	1016	81	price	price	NOUN
cblr-2872	1016	82	of	of	ADP
cblr-2872	1016	83	the	the	DET
cblr-2872	1016	84	swap	swap	NOUN
cblr-2872	1016	85	.	.	PUNCT
cblr-2872	1017	1	133	133	NUM
cblr-2872	1017	2	in	in	ADP
cblr-2872	1017	3	general	general	ADJ
cblr-2872	1017	4	,	,	PUNCT
cblr-2872	1017	5	the	the	DET
cblr-2872	1017	6	swap	swap	NOUN
cblr-2872	1017	7	data	datum	NOUN
cblr-2872	1017	8	repository	repository	NOUN
cblr-2872	1017	9	must	must	AUX
cblr-2872	1017	10	publicly	publicly	ADV
cblr-2872	1017	11	disseminate	disseminate	VERB
cblr-2872	1017	12	the	the	DET
cblr-2872	1017	13	information	information	NOUN
cblr-2872	1017	14	received	receive	VERB
cblr-2872	1017	15	"	"	PUNCT
cblr-2872	1017	16	as	as	ADV
cblr-2872	1017	17	soon	soon	ADV
cblr-2872	1017	18	as	as	SCONJ
cblr-2872	1017	19	technologically	technologically	ADV
cblr-2872	1017	20	practicable	practicable	ADJ
cblr-2872	1017	21	"	"	PUNCT
cblr-2872	1017	22	after	after	ADP
cblr-2872	1017	23	receiving	receive	VERB
cblr-2872	1017	24	the	the	DET
cblr-2872	1017	25	information.13	information.13	NOUN
cblr-2872	1017	26	however	however	ADV
cblr-2872	1017	27	,	,	PUNCT
cblr-2872	1017	28	information	information	NOUN
cblr-2872	1017	29	for	for	ADP
cblr-2872	1017	30	some	some	DET
cblr-2872	1017	31	large	large	ADJ
cblr-2872	1017	32	swap	swap	NOUN
cblr-2872	1017	33	transactions	transaction	NOUN
cblr-2872	1017	34	,	,	PUNCT
cblr-2872	1017	35	such	such	ADJ
cblr-2872	1017	36	as	as	ADP
cblr-2872	1017	37	the	the	DET
cblr-2872	1017	38	block	block	NOUN
cblr-2872	1017	39	transactions	transaction	NOUN
cblr-2872	1017	40	in	in	ADP
cblr-2872	1017	41	our	our	PRON
cblr-2872	1017	42	jet	jet	NOUN
cblr-2872	1017	43	fuel	fuel	NOUN
cblr-2872	1017	44	example	example	NOUN
cblr-2872	1017	45	,	,	PUNCT
cblr-2872	1017	46	will	will	AUX
cblr-2872	1017	47	be	be	AUX
cblr-2872	1017	48	subject	subject	ADJ
cblr-2872	1017	49	to	to	ADP
cblr-2872	1017	50	a	a	DET
cblr-2872	1017	51	delay	delay	NOUN
cblr-2872	1017	52	between	between	ADP
cblr-2872	1017	53	the	the	DET
cblr-2872	1017	54	time	time	NOUN
cblr-2872	1017	55	that	that	PRON
cblr-2872	1017	56	the	the	DET
cblr-2872	1017	57	swap	swap	NOUN
cblr-2872	1017	58	data	datum	NOUN
cblr-2872	1017	59	repository	repository	NOUN
cblr-2872	1017	60	receives	receive	VERB
cblr-2872	1017	61	the	the	DET
cblr-2872	1017	62	information	information	NOUN
cblr-2872	1017	63	and	and	CCONJ
cblr-2872	1017	64	the	the	DET
cblr-2872	1017	65	time	time	NOUN
cblr-2872	1017	66	that	that	PRON
cblr-2872	1017	67	it	it	PRON
cblr-2872	1017	68	is	be	AUX
cblr-2872	1017	69	disseminated	disseminate	VERB
cblr-2872	1017	70	to	to	ADP
cblr-2872	1017	71	the	the	DET
cblr-2872	1017	72	public.135	public.135	NOUN
cblr-2872	1017	73	as	as	SCONJ
cblr-2872	1017	74	described	describe	VERB
cblr-2872	1017	75	above	above	ADV
cblr-2872	1017	76	,	,	PUNCT
cblr-2872	1017	77	this	this	DET
cblr-2872	1017	78	delay	delay	NOUN
cblr-2872	1017	79	is	be	AUX
cblr-2872	1017	80	designed	design	VERB
cblr-2872	1017	81	to	to	PART
cblr-2872	1017	82	mitigate	mitigate	VERB
cblr-2872	1017	83	the	the	DET
cblr-2872	1017	84	concern	concern	NOUN
cblr-2872	1017	85	that	that	SCONJ
cblr-2872	1017	86	market	market	NOUN
cblr-2872	1017	87	participants	participant	NOUN
cblr-2872	1017	88	could	could	AUX
cblr-2872	1017	89	front	front	ADJ
cblr-2872	1017	90	-	-	PUNCT
cblr-2872	1017	91	run	run	NOUN
cblr-2872	1017	92	or	or	CCONJ
cblr-2872	1017	93	engage	engage	VERB
cblr-2872	1017	94	in	in	ADP
cblr-2872	1017	95	other	other	ADJ
cblr-2872	1017	96	trading	trading	NOUN
cblr-2872	1017	97	strategies	strategy	NOUN
cblr-2872	1017	98	to	to	PART
cblr-2872	1017	99	inappropriately	inappropriately	ADV
cblr-2872	1017	100	exploit	exploit	VERB
cblr-2872	1017	101	the	the	DET
cblr-2872	1017	102	market	market	NOUN
cblr-2872	1017	103	impact	impact	NOUN
cblr-2872	1017	104	of	of	ADP
cblr-2872	1017	105	a	a	DET
cblr-2872	1017	106	block	block	NOUN
cblr-2872	1017	107	transaction	transaction	NOUN
cblr-2872	1017	108	.	.	PUNCT
cblr-2872	1018	1	136	136	NUM
cblr-2872	1018	2	public	public	ADJ
cblr-2872	1018	3	dissemination	dissemination	NOUN
cblr-2872	1018	4	of	of	ADP
cblr-2872	1018	5	information	information	NOUN
cblr-2872	1018	6	about	about	ADP
cblr-2872	1018	7	block	block	NOUN
cblr-2872	1018	8	transactions	transaction	NOUN
cblr-2872	1018	9	in	in	ADP
cblr-2872	1018	10	cleared	clear	VERB
cblr-2872	1018	11	swaps	swap	NOUN
cblr-2872	1018	12	will	will	AUX
cblr-2872	1018	13	be	be	AUX
cblr-2872	1018	14	delayed	delay	VERB
cblr-2872	1018	15	for	for	ADP
cblr-2872	1018	16	thirty	thirty	NUM
cblr-2872	1018	17	minutes	minute	NOUN
cblr-2872	1018	18	through	through	ADP
cblr-2872	1018	19	early	early	ADJ
cblr-2872	1018	20	january	january	PROPN
cblr-2872	1018	21	2014	2014	NUM
cblr-2872	1018	22	.	.	PUNCT
cblr-2872	1019	1	thereafter	thereafter	ADV
cblr-2872	1019	2	,	,	PUNCT
cblr-2872	1019	3	the	the	DET
cblr-2872	1019	4	delay	delay	NOUN
cblr-2872	1019	5	will	will	AUX
cblr-2872	1019	6	be	be	AUX
cblr-2872	1019	7	set	set	VERB
cblr-2872	1019	8	at	at	ADP
cblr-2872	1019	9	fifteen	fifteen	NUM
cblr-2872	1019	10	minutes.1	minutes.1	PROPN
cblr-2872	1019	11	3	3	NUM
cblr-2872	1019	12	7	7	NUM
cblr-2872	1019	13	131	131	NUM
cblr-2872	1019	14	17	17	NUM
cblr-2872	1019	15	c.f.r	c.f.r	NOUN
cblr-2872	1019	16	.	.	PUNCT
cblr-2872	1020	1	§	§	PROPN
cblr-2872	1020	2	43.3(b)(1	43.3(b)(1	NUM
cblr-2872	1020	3	)	)	PUNCT
cblr-2872	1020	4	.	.	PUNCT
cblr-2872	1021	1	132	132	NUM
cblr-2872	1022	1	i	i	PROPN
cblr-2872	1022	2	d.	d.	PROPN
cblr-2872	1022	3	§	§	PROPN
cblr-2872	1022	4	43.3(a)(3	43.3(a)(3	NUM
cblr-2872	1022	5	)	)	PUNCT
cblr-2872	1022	6	.	.	PUNCT
cblr-2872	1023	1	133	133	NUM
cblr-2872	1023	2	17	17	NUM
cblr-2872	1023	3	c.f.r	c.f.r	NOUN
cblr-2872	1023	4	.	.	PUNCT
cblr-2872	1024	1	pt	pt	PROPN
cblr-2872	1024	2	.	.	PROPN
cblr-2872	1024	3	43	43	NUM
cblr-2872	1024	4	app	app	PROPN
cblr-2872	1024	5	.	.	PUNCT
cblr-2872	1025	1	a	a	DET
cblr-2872	1025	2	,	,	PUNCT
cblr-2872	1025	3	tbl.al	tbl.al	PROPN
cblr-2872	1025	4	.	.	PUNCT
cblr-2872	1026	1	134	134	NUM
cblr-2872	1026	2	17	17	NUM
cblr-2872	1026	3	c.f.r	c.f.r	NOUN
cblr-2872	1026	4	.	.	PUNCT
cblr-2872	1027	1	§	§	PROPN
cblr-2872	1027	2	43.3(b)(2	43.3(b)(2	NUM
cblr-2872	1027	3	)	)	PUNCT
cblr-2872	1027	4	.	.	PUNCT
cblr-2872	1028	1	135	135	NUM
cblr-2872	1029	1	i	i	PRON
cblr-2872	1029	2	d.	d.	PROPN
cblr-2872	1029	3	§	§	PROPN
cblr-2872	1029	4	43.5(d	43.5(d	PROPN
cblr-2872	1029	5	)	)	PUNCT
cblr-2872	1029	6	.	.	PUNCT
cblr-2872	1030	1	the	the	DET
cblr-2872	1030	2	cftc	cftc	PROPN
cblr-2872	1030	3	rules	rule	NOUN
cblr-2872	1030	4	provide	provide	VERB
cblr-2872	1030	5	for	for	ADP
cblr-2872	1030	6	delays	delay	NOUN
cblr-2872	1030	7	in	in	ADP
cblr-2872	1030	8	disseminating	disseminate	VERB
cblr-2872	1030	9	information	information	NOUN
cblr-2872	1030	10	pertaining	pertain	VERB
cblr-2872	1030	11	to	to	ADP
cblr-2872	1030	12	large	large	ADJ
cblr-2872	1030	13	notional	notional	ADJ
cblr-2872	1030	14	off	off	ADP
cblr-2872	1030	15	-	-	PUNCT
cblr-2872	1030	16	facility	facility	NOUN
cblr-2872	1030	17	swaps	swap	NOUN
cblr-2872	1030	18	as	as	ADV
cblr-2872	1030	19	well	well	ADV
cblr-2872	1030	20	.	.	PUNCT
cblr-2872	1031	1	i	i	PRON
cblr-2872	1031	2	d.	d.	PROPN
cblr-2872	1031	3	§	§	PROPN
cblr-2872	1031	4	43.5(e)-(h	43.5(e)-(h	PROPN
cblr-2872	1031	5	)	)	PUNCT
cblr-2872	1031	6	.	.	PUNCT
cblr-2872	1032	1	136	136	NUM
cblr-2872	1032	2	see	see	VERB
cblr-2872	1032	3	real	real	ADJ
cblr-2872	1032	4	-	-	PUNCT
cblr-2872	1032	5	time	time	NOUN
cblr-2872	1032	6	public	public	ADJ
cblr-2872	1032	7	reporting	reporting	NOUN
cblr-2872	1032	8	of	of	ADP
cblr-2872	1032	9	swap	swap	NOUN
cblr-2872	1032	10	transaction	transaction	NOUN
cblr-2872	1032	11	data	datum	NOUN
cblr-2872	1032	12	,	,	PUNCT
cblr-2872	1032	13	77	77	NUM
cblr-2872	1032	14	fed	fed	PROPN
cblr-2872	1032	15	.	.	PUNCT
cblr-2872	1033	1	reg	reg	NOUN
cblr-2872	1033	2	.	.	PUNCT
cblr-2872	1034	1	1182	1182	NUM
cblr-2872	1034	2	,	,	PUNCT
cblr-2872	1034	3	1239	1239	NUM
cblr-2872	1034	4	(	(	PUNCT
cblr-2872	1034	5	jan	jan	PROPN
cblr-2872	1034	6	.	.	PROPN
cblr-2872	1034	7	9	9	NUM
cblr-2872	1034	8	,	,	PUNCT
cblr-2872	1034	9	2012	2012	NUM
cblr-2872	1034	10	)	)	PUNCT
cblr-2872	1034	11	(	(	PUNCT
cblr-2872	1034	12	to	to	PART
cblr-2872	1034	13	be	be	AUX
cblr-2872	1034	14	codified	codify	VERB
cblr-2872	1034	15	at	at	ADP
cblr-2872	1034	16	17	17	NUM
cblr-2872	1034	17	c.f.r	c.f.r	NOUN
cblr-2872	1034	18	.	.	PUNCT
cblr-2872	1035	1	pt	pt	PROPN
cblr-2872	1035	2	.	.	PROPN
cblr-2872	1035	3	43	43	NUM
cblr-2872	1035	4	)	)	PUNCT
cblr-2872	1035	5	(	(	PUNCT
cblr-2872	1035	6	"	"	PUNCT
cblr-2872	1035	7	the	the	DET
cblr-2872	1035	8	commission	commission	NOUN
cblr-2872	1035	9	believes	believe	VERB
cblr-2872	1035	10	that	that	SCONJ
cblr-2872	1035	11	the	the	DET
cblr-2872	1035	12	time	time	NOUN
cblr-2872	1035	13	delay	delay	NOUN
cblr-2872	1035	14	regime	regime	NOUN
cblr-2872	1035	15	established	establish	VERB
cblr-2872	1035	16	in	in	ADP
cblr-2872	1035	17	§	§	PROPN
cblr-2872	1035	18	43.5	43.5	NUM
cblr-2872	1035	19	will	will	AUX
cblr-2872	1035	20	enhance	enhance	VERB
cblr-2872	1035	21	the	the	DET
cblr-2872	1035	22	competitiveness	competitiveness	NOUN
cblr-2872	1035	23	of	of	ADP
cblr-2872	1035	24	swap	swap	NOUN
cblr-2872	1035	25	markets	market	NOUN
cblr-2872	1035	26	by	by	ADP
cblr-2872	1035	27	protecting	protect	VERB
cblr-2872	1035	28	market	market	NOUN
cblr-2872	1035	29	liquidity	liquidity	NOUN
cblr-2872	1035	30	until	until	SCONJ
cblr-2872	1035	31	appropriate	appropriate	ADJ
cblr-2872	1035	32	minimum	minimum	ADJ
cblr-2872	1035	33	block	block	NOUN
cblr-2872	1035	34	sizes	size	NOUN
cblr-2872	1035	35	are	be	AUX
cblr-2872	1035	36	adopted	adopt	VERB
cblr-2872	1035	37	.	.	PUNCT
cblr-2872	1036	1	such	such	ADJ
cblr-2872	1036	2	time	time	NOUN
cblr-2872	1036	3	delays	delay	NOUN
cblr-2872	1036	4	,	,	PUNCT
cblr-2872	1036	5	which	which	PRON
cblr-2872	1036	6	initially	initially	ADV
cblr-2872	1036	7	apply	apply	VERB
cblr-2872	1036	8	until	until	SCONJ
cblr-2872	1036	9	a	a	DET
cblr-2872	1036	10	swap	swap	NOUN
cblr-2872	1036	11	or	or	CCONJ
cblr-2872	1036	12	group	group	NOUN
cblr-2872	1036	13	of	of	ADP
cblr-2872	1036	14	swaps	swap	NOUN
cblr-2872	1036	15	has	have	VERB
cblr-2872	1036	16	an	an	DET
cblr-2872	1036	17	appropriate	appropriate	ADJ
cblr-2872	1036	18	minimum	minimum	ADJ
cblr-2872	1036	19	block	block	NOUN
cblr-2872	1036	20	size	size	NOUN
cblr-2872	1036	21	,	,	PUNCT
cblr-2872	1036	22	reduce	reduce	VERB
cblr-2872	1036	23	the	the	DET
cblr-2872	1036	24	risk	risk	NOUN
cblr-2872	1036	25	of	of	ADP
cblr-2872	1036	26	large	large	ADJ
cblr-2872	1036	27	notional	notional	ADJ
cblr-2872	1036	28	trade	trade	NOUN
cblr-2872	1036	29	data	datum	NOUN
cblr-2872	1036	30	being	be	AUX
cblr-2872	1036	31	exposed	expose	VERB
cblr-2872	1036	32	to	to	ADP
cblr-2872	1036	33	the	the	DET
cblr-2872	1036	34	market	market	NOUN
cblr-2872	1036	35	before	before	SCONJ
cblr-2872	1036	36	the	the	DET
cblr-2872	1036	37	trade	trade	NOUN
cblr-2872	1036	38	can	can	AUX
cblr-2872	1036	39	be	be	AUX
cblr-2872	1036	40	adequately	adequately	ADV
cblr-2872	1036	41	hedged	hedge	VERB
cblr-2872	1036	42	(	(	PUNCT
cblr-2872	1036	43	e.g.	e.g.	ADJ
cblr-2872	1036	44	,	,	PUNCT
cblr-2872	1036	45	front	front	ADJ
cblr-2872	1036	46	-	-	PUNCT
cblr-2872	1036	47	running	running	NOUN
cblr-2872	1036	48	or	or	CCONJ
cblr-2872	1036	49	trading	trading	NOUN
cblr-2872	1036	50	ahead	ahead	ADV
cblr-2872	1036	51	)	)	PUNCT
cblr-2872	1036	52	.	.	PUNCT
cblr-2872	1037	1	"	"	PUNCT
cblr-2872	1037	2	)	)	PUNCT
cblr-2872	1037	3	.	.	PUNCT
cblr-2872	1038	1	137	137	NUM
cblr-2872	1038	2	17	17	NUM
cblr-2872	1038	3	c.f.r	c.f.r	NOUN
cblr-2872	1038	4	.	.	PUNCT
cblr-2872	1039	1	§	§	PROPN
cblr-2872	1039	2	43.5(d	43.5(d	PROPN
cblr-2872	1039	3	)	)	PUNCT
cblr-2872	1039	4	.	.	PUNCT
cblr-2872	1040	1	regula	regula	PROPN
cblr-2872	1040	2	tion	tion	NOUN
cblr-2872	1040	3	through	through	ADP
cblr-2872	1040	4	substitution	substitution	NOUN
cblr-2872	1040	5	733	733	NUM
cblr-2872	1040	6	columbia	columbia	PROPN
cblr-2872	1040	7	business	business	PROPN
cblr-2872	1040	8	la	la	PROPN
cblr-2872	1040	9	wreview	wreview	VERB
cblr-2872	1040	10	uncleared	uncleared	ADJ
cblr-2872	1040	11	swaps	swap	NOUN
cblr-2872	1040	12	.	.	PUNCT
cblr-2872	1041	1	the	the	DET
cblr-2872	1041	2	real	real	ADJ
cblr-2872	1041	3	-	-	PUNCT
cblr-2872	1041	4	time	time	NOUN
cblr-2872	1041	5	reporting	reporting	NOUN
cblr-2872	1041	6	regime	regime	NOUN
cblr-2872	1041	7	for	for	ADP
cblr-2872	1041	8	uncleared	uncleared	ADJ
cblr-2872	1041	9	,	,	PUNCT
cblr-2872	1041	10	non	non	ADJ
cblr-2872	1041	11	-	-	ADJ
cblr-2872	1041	12	exchange	exchange	NOUN
cblr-2872	1041	13	-	-	PUNCT
cblr-2872	1041	14	traded	trade	VERB
cblr-2872	1041	15	swaps	swap	NOUN
cblr-2872	1041	16	is	be	AUX
cblr-2872	1041	17	largely	largely	ADV
cblr-2872	1041	18	similar	similar	ADJ
cblr-2872	1041	19	to	to	ADP
cblr-2872	1041	20	that	that	PRON
cblr-2872	1041	21	for	for	ADP
cblr-2872	1041	22	cleared	clear	VERB
cblr-2872	1041	23	swaps	swap	NOUN
cblr-2872	1041	24	.	.	PUNCT
cblr-2872	1042	1	as	as	ADP
cblr-2872	1042	2	with	with	ADP
cblr-2872	1042	3	cleared	clear	VERB
cblr-2872	1042	4	swaps	swap	NOUN
cblr-2872	1042	5	,	,	PUNCT
cblr-2872	1042	6	key	key	ADJ
cblr-2872	1042	7	information	information	NOUN
cblr-2872	1042	8	about	about	ADP
cblr-2872	1042	9	uncleared	uncleared	ADJ
cblr-2872	1042	10	swaps	swap	NOUN
cblr-2872	1042	11	will	will	AUX
cblr-2872	1042	12	be	be	AUX
cblr-2872	1042	13	disseminated	disseminate	VERB
cblr-2872	1042	14	to	to	ADP
cblr-2872	1042	15	the	the	DET
cblr-2872	1042	16	public	public	NOUN
cblr-2872	1042	17	.	.	PUNCT
cblr-2872	1043	1	for	for	ADP
cblr-2872	1043	2	uncleared	uncleared	ADJ
cblr-2872	1043	3	swaps	swap	NOUN
cblr-2872	1043	4	,	,	PUNCT
cblr-2872	1043	5	in	in	ADP
cblr-2872	1043	6	nearly	nearly	ADV
cblr-2872	1043	7	all	all	PRON
cblr-2872	1043	8	cases	case	NOUN
cblr-2872	1043	9	,	,	PUNCT
cblr-2872	1043	10	the	the	DET
cblr-2872	1043	11	swap	swap	NOUN
cblr-2872	1043	12	information	information	NOUN
cblr-2872	1043	13	will	will	AUX
cblr-2872	1043	14	be	be	AUX
cblr-2872	1043	15	provided	provide	VERB
cblr-2872	1043	16	to	to	ADP
cblr-2872	1043	17	the	the	DET
cblr-2872	1043	18	swap	swap	NOUN
cblr-2872	1043	19	data	datum	NOUN
cblr-2872	1043	20	repository	repository	NOUN
cblr-2872	1043	21	by	by	ADP
cblr-2872	1043	22	the	the	DET
cblr-2872	1043	23	"	"	PUNCT
cblr-2872	1043	24	reporting	reporting	NOUN
cblr-2872	1043	25	counterparty	counterparty	NOUN
cblr-2872	1043	26	,	,	PUNCT
cblr-2872	1043	27	"	"	PUNCT
cblr-2872	1043	28	which	which	PRON
cblr-2872	1043	29	will	will	AUX
cblr-2872	1043	30	generally	generally	ADV
cblr-2872	1043	31	be	be	AUX
cblr-2872	1043	32	the	the	DET
cblr-2872	1043	33	more	more	ADV
cblr-2872	1043	34	sophisticated	sophisticated	ADJ
cblr-2872	1043	35	market	market	NOUN
cblr-2872	1043	36	participant	participant	NOUN
cblr-2872	1043	37	to	to	PART
cblr-2872	1043	38	minimize	minimize	VERB
cblr-2872	1043	39	the	the	DET
cblr-2872	1043	40	overall	overall	ADJ
cblr-2872	1043	41	burden	burden	NOUN
cblr-2872	1043	42	(	(	PUNCT
cblr-2872	1043	43	and	and	CCONJ
cblr-2872	1043	44	cost	cost	NOUN
cblr-2872	1043	45	)	)	PUNCT
cblr-2872	1043	46	on	on	ADP
cblr-2872	1043	47	the	the	DET
cblr-2872	1043	48	transaction	transaction	NOUN
cblr-2872	1043	49	resulting	result	VERB
cblr-2872	1043	50	from	from	ADP
cblr-2872	1043	51	the	the	DET
cblr-2872	1043	52	reporting	reporting	NOUN
cblr-2872	1043	53	requirements	requirement	NOUN
cblr-2872	1043	54	.	.	PUNCT
cblr-2872	1044	1	138	138	NUM
cblr-2872	1044	2	there	there	PRON
cblr-2872	1044	3	are	be	VERB
cblr-2872	1044	4	similar	similar	ADJ
cblr-2872	1044	5	block	block	NOUN
cblr-2872	1044	6	trade	trade	NOUN
cblr-2872	1044	7	delays	delay	NOUN
cblr-2872	1044	8	for	for	ADP
cblr-2872	1044	9	off	off	ADP
cblr-2872	1044	10	-	-	PUNCT
cblr-2872	1044	11	exchange	exchange	NOUN
cblr-2872	1044	12	swaps	swap	NOUN
cblr-2872	1044	13	as	as	ADP
cblr-2872	1044	14	for	for	ADP
cblr-2872	1044	15	exchange	exchange	NOUN
cblr-2872	1044	16	-	-	PUNCT
cblr-2872	1044	17	traded	trade	VERB
cblr-2872	1044	18	swaps.139	swaps.139	ADV
cblr-2872	1044	19	2	2	NUM
cblr-2872	1044	20	.	.	PUNCT
cblr-2872	1045	1	futurization	futurization	NOUN
cblr-2872	1045	2	implications	implication	VERB
cblr-2872	1045	3	the	the	DET
cblr-2872	1045	4	implications	implication	NOUN
cblr-2872	1045	5	of	of	ADP
cblr-2872	1045	6	the	the	DET
cblr-2872	1045	7	new	new	ADJ
cblr-2872	1045	8	reporting	reporting	NOUN
cblr-2872	1045	9	regime	regime	NOUN
cblr-2872	1045	10	for	for	ADP
cblr-2872	1045	11	swaps	swap	NOUN
cblr-2872	1045	12	are	be	AUX
cblr-2872	1045	13	different	different	ADJ
cblr-2872	1045	14	for	for	ADP
cblr-2872	1045	15	different	different	ADJ
cblr-2872	1045	16	types	type	NOUN
cblr-2872	1045	17	of	of	ADP
cblr-2872	1045	18	market	market	NOUN
cblr-2872	1045	19	participants	participant	NOUN
cblr-2872	1045	20	and	and	CCONJ
cblr-2872	1045	21	,	,	PUNCT
cblr-2872	1045	22	furthermore	furthermore	ADV
cblr-2872	1045	23	,	,	PUNCT
cblr-2872	1045	24	vary	vary	VERB
cblr-2872	1045	25	for	for	ADP
cblr-2872	1045	26	each	each	DET
cblr-2872	1045	27	market	market	NOUN
cblr-2872	1045	28	participant	participant	NOUN
cblr-2872	1045	29	depending	depend	VERB
cblr-2872	1045	30	on	on	ADP
cblr-2872	1045	31	the	the	DET
cblr-2872	1045	32	type	type	NOUN
cblr-2872	1045	33	of	of	ADP
cblr-2872	1045	34	transaction	transaction	NOUN
cblr-2872	1045	35	.	.	PUNCT
cblr-2872	1046	1	therefore	therefore	ADV
cblr-2872	1046	2	,	,	PUNCT
cblr-2872	1046	3	unlike	unlike	ADP
cblr-2872	1046	4	the	the	DET
cblr-2872	1046	5	two	two	NUM
cblr-2872	1046	6	previous	previous	ADJ
cblr-2872	1046	7	cases	case	NOUN
cblr-2872	1046	8	discussed	discuss	VERB
cblr-2872	1046	9	above	above	ADV
cblr-2872	1046	10	,	,	PUNCT
cblr-2872	1046	11	the	the	DET
cblr-2872	1046	12	net	net	ADJ
cblr-2872	1046	13	swapification	swapification	NOUN
cblr-2872	1046	14	or	or	CCONJ
cblr-2872	1046	15	futurization	futurization	NOUN
cblr-2872	1046	16	effect	effect	NOUN
cblr-2872	1046	17	depends	depend	VERB
cblr-2872	1046	18	on	on	ADP
cblr-2872	1046	19	two	two	NUM
cblr-2872	1046	20	variables	variable	NOUN
cblr-2872	1046	21	that	that	PRON
cblr-2872	1046	22	may	may	AUX
cblr-2872	1046	23	push	push	VERB
cblr-2872	1046	24	market	market	NOUN
cblr-2872	1046	25	participants	participant	NOUN
cblr-2872	1046	26	in	in	ADP
cblr-2872	1046	27	different	different	ADJ
cblr-2872	1046	28	directions	direction	NOUN
cblr-2872	1046	29	.	.	PUNCT
cblr-2872	1047	1	first	first	ADV
cblr-2872	1047	2	,	,	PUNCT
cblr-2872	1047	3	the	the	DET
cblr-2872	1047	4	post	post	ADJ
cblr-2872	1047	5	-	-	ADJ
cblr-2872	1047	6	trade	trade	ADJ
cblr-2872	1047	7	transparency	transparency	NOUN
cblr-2872	1047	8	requirements	requirement	NOUN
cblr-2872	1047	9	will	will	AUX
cblr-2872	1047	10	affect	affect	VERB
cblr-2872	1047	11	large	large	ADJ
cblr-2872	1047	12	market	market	NOUN
cblr-2872	1047	13	participants	participant	NOUN
cblr-2872	1047	14	(	(	PUNCT
cblr-2872	1047	15	those	those	PRON
cblr-2872	1047	16	with	with	ADP
cblr-2872	1047	17	negotiating	negotiate	VERB
cblr-2872	1047	18	power	power	NOUN
cblr-2872	1047	19	)	)	PUNCT
cblr-2872	1047	20	and	and	CCONJ
cblr-2872	1047	21	small	small	ADJ
cblr-2872	1047	22	market	market	NOUN
cblr-2872	1047	23	participants	participant	NOUN
cblr-2872	1047	24	(	(	PUNCT
cblr-2872	1047	25	those	those	PRON
cblr-2872	1047	26	with	with	ADP
cblr-2872	1047	27	less	less	ADJ
cblr-2872	1047	28	negotiating	negotiating	NOUN
cblr-2872	1047	29	power	power	NOUN
cblr-2872	1047	30	)	)	PUNCT
cblr-2872	1047	31	differently	differently	ADV
cblr-2872	1047	32	.	.	PUNCT
cblr-2872	1048	1	in	in	ADP
cblr-2872	1048	2	the	the	DET
cblr-2872	1048	3	absence	absence	NOUN
cblr-2872	1048	4	of	of	ADP
cblr-2872	1048	5	post	post	ADJ
cblr-2872	1048	6	-	-	ADJ
cblr-2872	1048	7	trade	trade	ADJ
cblr-2872	1048	8	transparency	transparency	NOUN
cblr-2872	1048	9	,	,	PUNCT
cblr-2872	1048	10	large	large	ADJ
cblr-2872	1048	11	market	market	NOUN
cblr-2872	1048	12	participants	participant	NOUN
cblr-2872	1048	13	may	may	AUX
cblr-2872	1048	14	be	be	AUX
cblr-2872	1048	15	able	able	ADJ
cblr-2872	1048	16	to	to	PART
cblr-2872	1048	17	negotiate	negotiate	VERB
cblr-2872	1048	18	relatively	relatively	ADV
cblr-2872	1048	19	favorable	favorable	ADJ
cblr-2872	1048	20	terms	term	NOUN
cblr-2872	1048	21	.	.	PUNCT
cblr-2872	1049	1	once	once	ADV
cblr-2872	1049	2	post	post	ADJ
cblr-2872	1049	3	-	-	ADJ
cblr-2872	1049	4	trade	trade	ADJ
cblr-2872	1049	5	transparency	transparency	NOUN
cblr-2872	1049	6	is	be	AUX
cblr-2872	1049	7	introduced	introduce	VERB
cblr-2872	1049	8	,	,	PUNCT
cblr-2872	1049	9	and	and	CCONJ
cblr-2872	1049	10	dealers	dealer	NOUN
cblr-2872	1049	11	can	can	AUX
cblr-2872	1049	12	no	no	ADV
cblr-2872	1049	13	longer	long	ADV
cblr-2872	1049	14	provide	provide	VERB
cblr-2872	1049	15	such	such	ADJ
cblr-2872	1049	16	market	market	NOUN
cblr-2872	1049	17	participants	participant	NOUN
cblr-2872	1049	18	better	well	ADJ
cblr-2872	1049	19	pricing	pricing	NOUN
cblr-2872	1049	20	without	without	ADP
cblr-2872	1049	21	that	that	DET
cblr-2872	1049	22	knowledge	knowledge	NOUN
cblr-2872	1049	23	becoming	become	VERB
cblr-2872	1049	24	public	public	ADJ
cblr-2872	1049	25	,	,	PUNCT
cblr-2872	1049	26	these	these	DET
cblr-2872	1049	27	large	large	ADJ
cblr-2872	1049	28	market	market	NOUN
cblr-2872	1049	29	participants	participant	NOUN
cblr-2872	1049	30	may	may	AUX
cblr-2872	1049	31	experience	experience	VERB
cblr-2872	1049	32	an	an	DET
cblr-2872	1049	33	increase	increase	NOUN
cblr-2872	1049	34	in	in	ADP
cblr-2872	1049	35	the	the	DET
cblr-2872	1049	36	absolute	absolute	ADJ
cblr-2872	1049	37	cost	cost	NOUN
cblr-2872	1049	38	of	of	ADP
cblr-2872	1049	39	their	their	PRON
cblr-2872	1049	40	138	138	NUM
cblr-2872	1049	41	for	for	ADP
cblr-2872	1049	42	example	example	NOUN
cblr-2872	1049	43	,	,	PUNCT
cblr-2872	1049	44	if	if	SCONJ
cblr-2872	1049	45	the	the	DET
cblr-2872	1049	46	transaction	transaction	NOUN
cblr-2872	1049	47	is	be	AUX
cblr-2872	1049	48	between	between	ADP
cblr-2872	1049	49	a	a	DET
cblr-2872	1049	50	swap	swap	NOUN
cblr-2872	1049	51	dealer	dealer	NOUN
cblr-2872	1049	52	and	and	CCONJ
cblr-2872	1049	53	nonswap	nonswap	NOUN
cblr-2872	1049	54	dealer	dealer	NOUN
cblr-2872	1049	55	counterparty	counterparty	PROPN
cblr-2872	1049	56	,	,	PUNCT
cblr-2872	1049	57	the	the	DET
cblr-2872	1049	58	swap	swap	NOUN
cblr-2872	1049	59	dealer	dealer	NOUN
cblr-2872	1049	60	will	will	AUX
cblr-2872	1049	61	be	be	AUX
cblr-2872	1049	62	the	the	DET
cblr-2872	1049	63	reporting	reporting	NOUN
cblr-2872	1049	64	counterparty	counterparty	NOUN
cblr-2872	1049	65	.	.	PUNCT
cblr-2872	1050	1	the	the	DET
cblr-2872	1050	2	cftc	cftc	PROPN
cblr-2872	1050	3	's	's	PART
cblr-2872	1050	4	rules	rule	NOUN
cblr-2872	1050	5	establish	establish	VERB
cblr-2872	1050	6	a	a	DET
cblr-2872	1050	7	waterfall	waterfall	NOUN
cblr-2872	1050	8	for	for	ADP
cblr-2872	1050	9	the	the	DET
cblr-2872	1050	10	reporting	reporting	NOUN
cblr-2872	1050	11	counterparty	counterparty	NOUN
cblr-2872	1050	12	,	,	PUNCT
cblr-2872	1050	13	the	the	DET
cblr-2872	1050	14	details	detail	NOUN
cblr-2872	1050	15	of	of	ADP
cblr-2872	1050	16	which	which	PRON
cblr-2872	1050	17	differ	differ	VERB
cblr-2872	1050	18	depending	depend	VERB
cblr-2872	1050	19	on	on	ADP
cblr-2872	1050	20	which	which	PRON
cblr-2872	1050	21	reporting	report	VERB
cblr-2872	1050	22	rule	rule	NOUN
cblr-2872	1050	23	is	be	AUX
cblr-2872	1050	24	at	at	ADP
cblr-2872	1050	25	issue	issue	NOUN
cblr-2872	1050	26	.	.	PUNCT
cblr-2872	1051	1	for	for	ADP
cblr-2872	1051	2	the	the	DET
cblr-2872	1051	3	real	real	ADJ
cblr-2872	1051	4	-	-	PUNCT
cblr-2872	1051	5	time	time	NOUN
cblr-2872	1051	6	reporting	report	VERB
cblr-2872	1051	7	counterparty	counterparty	NOUN
cblr-2872	1051	8	waterfall	waterfall	NOUN
cblr-2872	1051	9	,	,	PUNCT
cblr-2872	1051	10	see	see	VERB
cblr-2872	1051	11	17	17	NUM
cblr-2872	1051	12	c.f.r	c.f.r	NOUN
cblr-2872	1051	13	.	.	PUNCT
cblr-2872	1052	1	§	§	PROPN
cblr-2872	1052	2	43.3(a)(3	43.3(a)(3	NUM
cblr-2872	1052	3	)	)	PUNCT
cblr-2872	1052	4	.	.	PUNCT
cblr-2872	1053	1	139	139	NUM
cblr-2872	1054	1	i	i	PRON
cblr-2872	1054	2	d.	d.	PROPN
cblr-2872	1054	3	§	§	PROPN
cblr-2872	1054	4	43.5(e)-(h	43.5(e)-(h	PROPN
cblr-2872	1054	5	)	)	PUNCT
cblr-2872	1054	6	.	.	PUNCT
cblr-2872	1055	1	734	734	NUM
cblr-2872	1056	1	[	[	NOUN
cblr-2872	1056	2	vol	vol	NOUN
cblr-2872	1056	3	.	.	PUNCT
cblr-2872	1056	4	2013	2013	NUM
cblr-2872	1056	5	regulation	regulation	NOUN
cblr-2872	1056	6	through	through	ADP
cblr-2872	1056	7	substitution	substitution	NOUN
cblr-2872	1056	8	swaps	swap	NOUN
cblr-2872	1056	9	.	.	PUNCT
cblr-2872	1057	1	conversely	conversely	ADV
cblr-2872	1057	2	,	,	PUNCT
cblr-2872	1057	3	in	in	ADP
cblr-2872	1057	4	the	the	DET
cblr-2872	1057	5	absence	absence	NOUN
cblr-2872	1057	6	of	of	ADP
cblr-2872	1057	7	post	post	ADJ
cblr-2872	1057	8	-	-	ADJ
cblr-2872	1057	9	trade	trade	ADJ
cblr-2872	1057	10	transparency	transparency	NOUN
cblr-2872	1057	11	,	,	PUNCT
cblr-2872	1057	12	small	small	ADJ
cblr-2872	1057	13	market	market	NOUN
cblr-2872	1057	14	participants	participant	NOUN
cblr-2872	1057	15	may	may	AUX
cblr-2872	1057	16	receive	receive	VERB
cblr-2872	1057	17	less	less	ADV
cblr-2872	1057	18	favorable	favorable	ADJ
cblr-2872	1057	19	pricing	pricing	NOUN
cblr-2872	1057	20	than	than	ADP
cblr-2872	1057	21	their	their	PRON
cblr-2872	1057	22	larger	large	ADJ
cblr-2872	1057	23	competitors	competitor	NOUN
cblr-2872	1057	24	.	.	PUNCT
cblr-2872	1058	1	once	once	ADV
cblr-2872	1058	2	posttrade	posttrade	NOUN
cblr-2872	1058	3	transparency	transparency	NOUN
cblr-2872	1058	4	is	be	AUX
cblr-2872	1058	5	introduced	introduce	VERB
cblr-2872	1058	6	,	,	PUNCT
cblr-2872	1058	7	and	and	CCONJ
cblr-2872	1058	8	these	these	DET
cblr-2872	1058	9	smaller	small	ADJ
cblr-2872	1058	10	market	market	NOUN
cblr-2872	1058	11	participants	participant	NOUN
cblr-2872	1058	12	can	can	AUX
cblr-2872	1058	13	point	point	VERB
cblr-2872	1058	14	to	to	ADP
cblr-2872	1058	15	transactions	transaction	NOUN
cblr-2872	1058	16	the	the	DET
cblr-2872	1058	17	dealer	dealer	NOUN
cblr-2872	1058	18	has	have	AUX
cblr-2872	1058	19	executed	execute	VERB
cblr-2872	1058	20	with	with	ADP
cblr-2872	1058	21	other	other	ADJ
cblr-2872	1058	22	customers	customer	NOUN
cblr-2872	1058	23	at	at	ADP
cblr-2872	1058	24	more	more	ADV
cblr-2872	1058	25	favorable	favorable	ADJ
cblr-2872	1058	26	terms	term	NOUN
cblr-2872	1058	27	to	to	ADP
cblr-2872	1058	28	the	the	DET
cblr-2872	1058	29	customer	customer	NOUN
cblr-2872	1058	30	,	,	PUNCT
cblr-2872	1058	31	the	the	DET
cblr-2872	1058	32	small	small	ADJ
cblr-2872	1058	33	market	market	NOUN
cblr-2872	1058	34	participants	participant	NOUN
cblr-2872	1058	35	may	may	AUX
cblr-2872	1058	36	see	see	VERB
cblr-2872	1058	37	the	the	DET
cblr-2872	1058	38	absolute	absolute	ADJ
cblr-2872	1058	39	cost	cost	NOUN
cblr-2872	1058	40	of	of	ADP
cblr-2872	1058	41	their	their	PRON
cblr-2872	1058	42	swaps	swap	NOUN
cblr-2872	1058	43	decrease	decrease	NOUN
cblr-2872	1058	44	.	.	PUNCT
cblr-2872	1059	1	second	second	ADJ
cblr-2872	1059	2	,	,	PUNCT
cblr-2872	1059	3	the	the	DET
cblr-2872	1059	4	post	post	ADJ
cblr-2872	1059	5	-	-	ADJ
cblr-2872	1059	6	trade	trade	ADJ
cblr-2872	1059	7	transparency	transparency	NOUN
cblr-2872	1059	8	requirement	requirement	NOUN
cblr-2872	1059	9	will	will	AUX
cblr-2872	1059	10	differentially	differentially	ADV
cblr-2872	1059	11	affect	affect	VERB
cblr-2872	1059	12	trades	trade	NOUN
cblr-2872	1059	13	of	of	ADP
cblr-2872	1059	14	different	different	ADJ
cblr-2872	1059	15	sizes	size	NOUN
cblr-2872	1059	16	.	.	PUNCT
cblr-2872	1060	1	the	the	DET
cblr-2872	1060	2	additional	additional	ADJ
cblr-2872	1060	3	information	information	NOUN
cblr-2872	1060	4	provided	provide	VERB
cblr-2872	1060	5	to	to	ADP
cblr-2872	1060	6	market	market	NOUN
cblr-2872	1060	7	participants	participant	NOUN
cblr-2872	1060	8	about	about	ADP
cblr-2872	1060	9	the	the	DET
cblr-2872	1060	10	price	price	NOUN
cblr-2872	1060	11	at	at	ADP
cblr-2872	1060	12	which	which	PRON
cblr-2872	1060	13	similar	similar	ADJ
cblr-2872	1060	14	swaps	swap	NOUN
cblr-2872	1060	15	have	have	AUX
cblr-2872	1060	16	been	be	AUX
cblr-2872	1060	17	transacted	transact	VERB
cblr-2872	1060	18	will	will	AUX
cblr-2872	1060	19	likely	likely	ADV
cblr-2872	1060	20	decrease	decrease	VERB
cblr-2872	1060	21	the	the	DET
cblr-2872	1060	22	cost	cost	NOUN
cblr-2872	1060	23	of	of	ADP
cblr-2872	1060	24	relatively	relatively	ADV
cblr-2872	1060	25	small	small	ADJ
cblr-2872	1060	26	transactions	transaction	NOUN
cblr-2872	1060	27	(	(	PUNCT
cblr-2872	1060	28	that	that	PRON
cblr-2872	1060	29	is	is	ADV
cblr-2872	1060	30	,	,	PUNCT
cblr-2872	1060	31	those	those	PRON
cblr-2872	1060	32	that	that	PRON
cblr-2872	1060	33	would	would	AUX
cblr-2872	1060	34	not	not	PART
cblr-2872	1060	35	move	move	VERB
cblr-2872	1060	36	the	the	DET
cblr-2872	1060	37	market	market	NOUN
cblr-2872	1060	38	)	)	PUNCT
cblr-2872	1060	39	.	.	PUNCT
cblr-2872	1061	1	however	however	ADV
cblr-2872	1061	2	,	,	PUNCT
cblr-2872	1061	3	the	the	DET
cblr-2872	1061	4	countervailing	countervailing	ADJ
cblr-2872	1061	5	effect	effect	NOUN
cblr-2872	1061	6	described	describe	VERB
cblr-2872	1061	7	above	above	ADV
cblr-2872	1061	8	for	for	ADP
cblr-2872	1061	9	block	block	NOUN
cblr-2872	1061	10	trades	trade	NOUN
cblr-2872	1061	11	could	could	AUX
cblr-2872	1061	12	increase	increase	VERB
cblr-2872	1061	13	the	the	DET
cblr-2872	1061	14	price	price	NOUN
cblr-2872	1061	15	of	of	ADP
cblr-2872	1061	16	large	large	ADJ
cblr-2872	1061	17	transactions	transaction	NOUN
cblr-2872	1061	18	(	(	PUNCT
cblr-2872	1061	19	those	those	PRON
cblr-2872	1061	20	that	that	PRON
cblr-2872	1061	21	could	could	AUX
cblr-2872	1061	22	move	move	VERB
cblr-2872	1061	23	prices	price	NOUN
cblr-2872	1061	24	)	)	PUNCT
cblr-2872	1061	25	.	.	PUNCT
cblr-2872	1062	1	as	as	SCONJ
cblr-2872	1062	2	described	describe	VERB
cblr-2872	1062	3	above	above	ADV
cblr-2872	1062	4	,	,	PUNCT
cblr-2872	1062	5	while	while	SCONJ
cblr-2872	1062	6	reporting	report	VERB
cblr-2872	1062	7	delays	delay	NOUN
cblr-2872	1062	8	for	for	ADP
cblr-2872	1062	9	block	block	NOUN
cblr-2872	1062	10	trades	trade	NOUN
cblr-2872	1062	11	may	may	AUX
cblr-2872	1062	12	mitigate	mitigate	VERB
cblr-2872	1062	13	some	some	PRON
cblr-2872	1062	14	of	of	ADP
cblr-2872	1062	15	the	the	DET
cblr-2872	1062	16	cost	cost	NOUN
cblr-2872	1062	17	-	-	PUNCT
cblr-2872	1062	18	increasing	increase	VERB
cblr-2872	1062	19	effect	effect	NOUN
cblr-2872	1062	20	on	on	ADP
cblr-2872	1062	21	large	large	ADJ
cblr-2872	1062	22	trades	trade	NOUN
cblr-2872	1062	23	,	,	PUNCT
cblr-2872	1062	24	the	the	DET
cblr-2872	1062	25	combination	combination	NOUN
cblr-2872	1062	26	of	of	ADP
cblr-2872	1062	27	short	short	ADJ
cblr-2872	1062	28	time	time	NOUN
cblr-2872	1062	29	delays	delay	NOUN
cblr-2872	1062	30	adopted	adopt	VERB
cblr-2872	1062	31	by	by	ADP
cblr-2872	1062	32	the	the	DET
cblr-2872	1062	33	cftc	cftc	PROPN
cblr-2872	1062	34	and	and	CCONJ
cblr-2872	1062	35	the	the	DET
cblr-2872	1062	36	inevitability	inevitability	NOUN
cblr-2872	1062	37	of	of	ADP
cblr-2872	1062	38	mischaracterizing	mischaracterize	VERB
cblr-2872	1062	39	some	some	DET
cblr-2872	1062	40	large	large	ADJ
cblr-2872	1062	41	trades	trade	NOUN
cblr-2872	1062	42	that	that	PRON
cblr-2872	1062	43	may	may	AUX
cblr-2872	1062	44	move	move	VERB
cblr-2872	1062	45	the	the	DET
cblr-2872	1062	46	market	market	NOUN
cblr-2872	1062	47	as	as	ADP
cblr-2872	1062	48	non	non	ADJ
cblr-2872	1062	49	-	-	ADJ
cblr-2872	1062	50	block	block	ADJ
cblr-2872	1062	51	trades	trade	NOUN
cblr-2872	1062	52	makes	make	VERB
cblr-2872	1062	53	it	it	PRON
cblr-2872	1062	54	likely	likely	ADJ
cblr-2872	1062	55	that	that	SCONJ
cblr-2872	1062	56	this	this	DET
cblr-2872	1062	57	effect	effect	NOUN
cblr-2872	1062	58	will	will	AUX
cblr-2872	1062	59	be	be	AUX
cblr-2872	1062	60	felt	feel	VERB
cblr-2872	1062	61	by	by	ADP
cblr-2872	1062	62	counterparties	counterpartie	NOUN
cblr-2872	1062	63	to	to	ADP
cblr-2872	1062	64	large	large	ADJ
cblr-2872	1062	65	trades	trade	NOUN
cblr-2872	1062	66	.	.	PUNCT
cblr-2872	1063	1	in	in	ADP
cblr-2872	1063	2	sum	sum	NOUN
cblr-2872	1063	3	,	,	PUNCT
cblr-2872	1063	4	the	the	DET
cblr-2872	1063	5	cost	cost	NOUN
cblr-2872	1063	6	effects	effect	NOUN
cblr-2872	1063	7	of	of	ADP
cblr-2872	1063	8	post	post	ADJ
cblr-2872	1063	9	-	-	ADJ
cblr-2872	1063	10	trade	trade	ADJ
cblr-2872	1063	11	transparency	transparency	NOUN
cblr-2872	1063	12	will	will	AUX
cblr-2872	1063	13	depend	depend	VERB
cblr-2872	1063	14	both	both	PRON
cblr-2872	1063	15	on	on	ADP
cblr-2872	1063	16	the	the	DET
cblr-2872	1063	17	type	type	NOUN
cblr-2872	1063	18	of	of	ADP
cblr-2872	1063	19	market	market	NOUN
cblr-2872	1063	20	participant	participant	NOUN
cblr-2872	1063	21	and	and	CCONJ
cblr-2872	1063	22	the	the	DET
cblr-2872	1063	23	size	size	NOUN
cblr-2872	1063	24	of	of	ADP
cblr-2872	1063	25	trade	trade	NOUN
cblr-2872	1063	26	,	,	PUNCT
cblr-2872	1063	27	as	as	SCONJ
cblr-2872	1063	28	shown	show	VERB
cblr-2872	1063	29	in	in	ADP
cblr-2872	1063	30	the	the	DET
cblr-2872	1063	31	following	follow	VERB
cblr-2872	1063	32	table	table	NOUN
cblr-2872	1063	33	.	.	PUNCT
cblr-2872	1064	1	no	no	INTJ
cblr-2872	1064	2	.	.	PUNCT
cblr-2872	1065	1	3:667	3:667	NUM
cblr-2872	1065	2	]	]	SYM
cblr-2872	1065	3	)	)	PUNCT
cblr-2872	1065	4	735	735	NUM
cblr-2872	1065	5	columbia	columbia	PROPN
cblr-2872	1065	6	business	business	NOUN
cblr-2872	1065	7	law	law	PROPN
cblr-2872	1065	8	review	review	NOUN
cblr-2872	1065	9	figure	figure	NOUN
cblr-2872	1065	10	11	11	NUM
cblr-2872	1065	11	:	:	PUNCT
cblr-2872	1065	12	comparison	comparison	NOUN
cblr-2872	1065	13	of	of	ADP
cblr-2872	1065	14	cost	cost	NOUN
cblr-2872	1065	15	effects	effect	NOUN
cblr-2872	1065	16	based	base	VERB
cblr-2872	1065	17	on	on	ADP
cblr-2872	1065	18	size	size	NOUN
cblr-2872	1065	19	of	of	ADP
cblr-2872	1065	20	market	market	NOUN
cblr-2872	1065	21	participant	participant	NOUN
cblr-2872	1065	22	and	and	CCONJ
cblr-2872	1065	23	whether	whether	SCONJ
cblr-2872	1065	24	trade	trade	NOUN
cblr-2872	1065	25	is	be	AUX
cblr-2872	1065	26	block	block	VERB
cblr-2872	1065	27	large	large	ADJ
cblr-2872	1065	28	market	market	NOUN
cblr-2872	1065	29	small	small	ADJ
cblr-2872	1065	30	market	market	NOUN
cblr-2872	1065	31	participant	participant	NOUN
cblr-2872	1065	32	participant	participant	ADJ
cblr-2872	1065	33	small	small	ADJ
cblr-2872	1065	34	direction	direction	NOUN
cblr-2872	1065	35	of	of	ADP
cblr-2872	1065	36	absolute	absolute	ADJ
cblr-2872	1065	37	absolute	absolute	ADJ
cblr-2872	1065	38	cost	cost	NOUN
cblr-2872	1065	39	of	of	ADP
cblr-2872	1065	40	swap	swap	NOUN
cblr-2872	1065	41	trade	trade	NOUN
cblr-2872	1065	42	cost	cost	NOUN
cblr-2872	1065	43	change	change	NOUN
cblr-2872	1065	44	unclear	unclear	ADJ
cblr-2872	1065	45	decreases	decrease	NOUN
cblr-2872	1065	46	(	(	PUNCT
cblr-2872	1065	47	size	size	NOUN
cblr-2872	1065	48	of	of	ADP
cblr-2872	1065	49	trade	trade	NOUN
cblr-2872	1065	50	(	(	PUNCT
cblr-2872	1065	51	depends	depend	VERB
cblr-2872	1065	52	whether	whether	SCONJ
cblr-2872	1065	53	and	and	CCONJ
cblr-2872	1065	54	market	market	NOUN
cblr-2872	1065	55	participant	participant	NOUN
cblr-2872	1065	56	increase	increase	NOUN
cblr-2872	1065	57	due	due	ADP
cblr-2872	1065	58	to	to	ADP
cblr-2872	1065	59	trade	trade	NOUN
cblr-2872	1065	60	type	type	NOUN
cblr-2872	1065	61	both	both	DET
cblr-2872	1065	62	decrease	decrease	NOUN
cblr-2872	1065	63	size	size	NOUN
cblr-2872	1065	64	exceeds	exceed	NOUN
cblr-2872	1065	65	decrease	decrease	VERB
cblr-2872	1065	66	absolute	absolute	ADJ
cblr-2872	1065	67	cost	cost	NOUN
cblr-2872	1065	68	of	of	ADP
cblr-2872	1065	69	swap	swap	NOUN
cblr-2872	1065	70	)	)	PUNCT
cblr-2872	1065	71	due	due	ADP
cblr-2872	1065	72	to	to	ADP
cblr-2872	1065	73	market	market	NOUN
cblr-2872	1065	74	participant	participant	ADJ
cblr-2872	1065	75	type	type	NOUN
cblr-2872	1065	76	)	)	PUNCT
cblr-2872	1065	77	block	block	NOUN
cblr-2872	1065	78	absolute	absolute	ADJ
cblr-2872	1065	79	cost	cost	NOUN
cblr-2872	1065	80	of	of	ADP
cblr-2872	1065	81	direction	direction	NOUN
cblr-2872	1065	82	of	of	ADP
cblr-2872	1065	83	absolute	absolute	ADJ
cblr-2872	1065	84	trade	trade	NOUN
cblr-2872	1065	85	swap	swap	NOUN
cblr-2872	1065	86	increases	increase	NOUN
cblr-2872	1065	87	(	(	PUNCT
cblr-2872	1065	88	size	size	NOUN
cblr-2872	1065	89	cost	cost	NOUN
cblr-2872	1065	90	change	change	NOUN
cblr-2872	1065	91	unclear	unclear	ADJ
cblr-2872	1065	92	of	of	ADP
cblr-2872	1065	93	trade	trade	NOUN
cblr-2872	1065	94	and	and	CCONJ
cblr-2872	1065	95	market	market	NOUN
cblr-2872	1065	96	(	(	PUNCT
cblr-2872	1065	97	depends	depend	VERB
cblr-2872	1065	98	on	on	ADP
cblr-2872	1065	99	whether	whether	SCONJ
cblr-2872	1065	100	participant	participant	ADJ
cblr-2872	1065	101	type	type	NOUN
cblr-2872	1065	102	both	both	DET
cblr-2872	1065	103	increase	increase	VERB
cblr-2872	1065	104	due	due	ADP
cblr-2872	1065	105	to	to	ADP
cblr-2872	1065	106	market	market	NOUN
cblr-2872	1065	107	increase	increase	VERB
cblr-2872	1065	108	absolute	absolute	ADJ
cblr-2872	1065	109	cost	cost	NOUN
cblr-2872	1065	110	participant	participant	NOUN
cblr-2872	1065	111	type	type	NOUN
cblr-2872	1065	112	is	be	AUX
cblr-2872	1065	113	of	of	ADP
cblr-2872	1065	114	swap	swap	NOUN
cblr-2872	1065	115	)	)	PUNCT
cblr-2872	1065	116	greater	great	ADJ
cblr-2872	1065	117	than	than	SCONJ
cblr-2872	1065	118	increase	increase	VERB
cblr-2872	1065	119	f	f	PROPN
cblr-2872	1065	120	duettorsizeaof	duettorsizeaof	NOUN
cblr-2872	1065	121	trade	trade	PROPN
cblr-2872	1065	122	)	)	PUNCT
cblr-2872	1065	123	the	the	DET
cblr-2872	1065	124	two	two	NUM
cblr-2872	1065	125	subsequent	subsequent	ADJ
cblr-2872	1065	126	figures	figure	NOUN
cblr-2872	1065	127	illustrate	illustrate	VERB
cblr-2872	1065	128	the	the	DET
cblr-2872	1065	129	futurization	futurization	NOUN
cblr-2872	1065	130	implications	implication	NOUN
cblr-2872	1065	131	under	under	ADP
cblr-2872	1065	132	two	two	NUM
cblr-2872	1065	133	circumstances	circumstance	NOUN
cblr-2872	1065	134	:	:	PUNCT
cblr-2872	1065	135	(	(	PUNCT
cblr-2872	1065	136	1	1	X
cblr-2872	1065	137	)	)	PUNCT
cblr-2872	1065	138	where	where	SCONJ
cblr-2872	1065	139	the	the	DET
cblr-2872	1065	140	absolute	absolute	ADJ
cblr-2872	1065	141	costs	cost	NOUN
cblr-2872	1065	142	of	of	ADP
cblr-2872	1065	143	a	a	DET
cblr-2872	1065	144	swap	swap	NOUN
cblr-2872	1065	145	decrease	decrease	NOUN
cblr-2872	1065	146	for	for	ADP
cblr-2872	1065	147	a	a	DET
cblr-2872	1065	148	particular	particular	ADJ
cblr-2872	1065	149	market	market	NOUN
cblr-2872	1065	150	participant	participant	NOUN
cblr-2872	1065	151	for	for	ADP
cblr-2872	1065	152	a	a	DET
cblr-2872	1065	153	particular	particular	ADJ
cblr-2872	1065	154	transaction	transaction	NOUN
cblr-2872	1065	155	and	and	CCONJ
cblr-2872	1065	156	(	(	PUNCT
cblr-2872	1065	157	2	2	NUM
cblr-2872	1065	158	)	)	PUNCT
cblr-2872	1065	159	where	where	SCONJ
cblr-2872	1065	160	the	the	DET
cblr-2872	1065	161	opposite	opposite	NOUN
cblr-2872	1065	162	is	be	AUX
cblr-2872	1065	163	true	true	ADJ
cblr-2872	1065	164	.	.	PUNCT
cblr-2872	1066	1	where	where	SCONJ
cblr-2872	1066	2	there	there	PRON
cblr-2872	1066	3	is	be	VERB
cblr-2872	1066	4	no	no	DET
cblr-2872	1066	5	clear	clear	ADJ
cblr-2872	1066	6	absolute	absolute	ADJ
cblr-2872	1066	7	cost	cost	NOUN
cblr-2872	1066	8	decrease	decrease	NOUN
cblr-2872	1066	9	or	or	CCONJ
cblr-2872	1066	10	increase	increase	VERB
cblr-2872	1066	11	for	for	ADP
cblr-2872	1066	12	a	a	DET
cblr-2872	1066	13	swap	swap	NOUN
cblr-2872	1066	14	transaction	transaction	NOUN
cblr-2872	1066	15	,	,	PUNCT
cblr-2872	1066	16	we	we	PRON
cblr-2872	1066	17	would	would	AUX
cblr-2872	1066	18	expect	expect	VERB
cblr-2872	1066	19	to	to	PART
cblr-2872	1066	20	see	see	VERB
cblr-2872	1066	21	no	no	DET
cblr-2872	1066	22	futurization	futurization	NOUN
cblr-2872	1066	23	effect	effect	NOUN
cblr-2872	1066	24	.	.	PUNCT
cblr-2872	1067	1	736	736	NUM
cblr-2872	1068	1	[	[	X
cblr-2872	1068	2	vol	vol	NOUN
cblr-2872	1068	3	.	.	PUNCT
cblr-2872	1068	4	2013	2013	NUM
cblr-2872	1068	5	regulation	regulation	NOUN
cblr-2872	1068	6	through	through	ADP
cblr-2872	1068	7	substitution	substitution	NOUN
cblr-2872	1068	8	figure	figure	NOUN
cblr-2872	1068	9	12	12	NUM
cblr-2872	1068	10	:	:	PUNCT
cblr-2872	1068	11	the	the	DET
cblr-2872	1068	12	futurization	futurization	NOUN
cblr-2872	1068	13	effects	effect	NOUN
cblr-2872	1068	14	of	of	ADP
cblr-2872	1068	15	transparency	transparency	NOUN
cblr-2872	1068	16	rules	rule	NOUN
cblr-2872	1068	17	when	when	SCONJ
cblr-2872	1068	18	absolute	absolute	ADJ
cblr-2872	1068	19	costs	cost	NOUN
cblr-2872	1068	20	increase	increase	VERB
cblr-2872	1068	21	increased	increase	VERB
cblr-2872	1068	22	cost	cost	NOUN
cblr-2872	1068	23	of	of	ADP
cblr-2872	1068	24	swaps	swap	NOUN
cblr-2872	1068	25	to	to	ADP
cblr-2872	1068	26	large	large	ADJ
cblr-2872	1068	27	market	market	NOUN
cblr-2872	1068	28	participants	participant	NOUN
cblr-2872	1068	29	engaged	engage	VERB
cblr-2872	1068	30	in	in	ADP
cblr-2872	1068	31	block	block	NOUN
cblr-2872	1068	32	trades	trade	NOUN
cblr-2872	1068	33	as	as	ADP
cblr-2872	1068	34	a	a	DET
cblr-2872	1068	35	result	result	NOUN
cblr-2872	1068	36	of	of	ADP
cblr-2872	1068	37	dodd	dodd	PROPN
cblr-2872	1068	38	-	-	PUNCT
cblr-2872	1068	39	frank	frank	ADJ
cblr-2872	1068	40	reporting	reporting	NOUN
cblr-2872	1068	41	regulations	regulation	NOUN
cblr-2872	1068	42	.nni	.nni	PUNCT
cblr-2872	1068	43	to	to	PART
cblr-2872	1068	44	ienge	ienge	VERB
cblr-2872	1068	45	in	in	ADP
cblr-2872	1068	46	block	block	NOUN
cblr-2872	1068	47	trades	trade	NOUN
cblr-2872	1068	48	noswaps	noswap	NOUN
cblr-2872	1068	49	~	~	X
cblr-2872	1068	50	oo	oo	NOUN
cblr-2872	1068	51	~	~	PUNCT
cblr-2872	1068	52	hoh	hoh	PROPN
cblr-2872	1068	53	prbodfuue	prbodfuue	VERB
cblr-2872	1068	54	th	th	PROPN
cblr-2872	1068	55	preand	preand	NOUN
cblr-2872	1068	56	swaps	swap	NOUN
cblr-2872	1068	57	,	,	PUNCT
cblr-2872	1068	58	pr	pr	NOUN
cblr-2872	1068	59	-	-	PUNCT
cblr-2872	1068	60	dodd	dodd	NOUN
cblr-2872	1068	61	frank	frank	PROPN
cblr-2872	1068	62	,	,	PUNCT
cblr-2872	1069	1	notn	notn	ADJ
cblr-2872	1069	2	trnatos	trnatos	PROPN
cblr-2872	1069	3	p	p	NOUN
cblr-2872	1069	4	ostd	ostd	NOUN
cblr-2872	1069	5	-	-	ADJ
cblr-2872	1069	6	fak	fak	ADJ
cblr-2872	1069	7	o	o	PROPN
cblr-2872	1069	8	dodd	dodd	PROPN
cblr-2872	1069	9	-	-	PUNCT
cblr-2872	1069	10	f'ran	f'ran	PROPN
cblr-2872	1069	11	~	~	PROPN
cblr-2872	1069	12	k	k	PROPN
cblr-2872	1069	13	transted	transte	VERB
cblr-2872	1069	14	post	post	NOUN
cblr-2872	1069	15	-	-	ADJ
cblr-2872	1069	16	dodd	dodd	ADJ
cblr-2872	1069	17	-	-	PUNCT
cblr-2872	1069	18	frank	frank	ADJ
cblr-2872	1069	19	futurized	futurize	VERB
cblr-2872	1069	20	swaps	swap	NOUN
cblr-2872	1069	21	no	no	NOUN
cblr-2872	1069	22	.	.	PUNCT
cblr-2872	1070	1	3:667	3:667	NUM
cblr-2872	1070	2	]	]	PUNCT
cblr-2872	1070	3	737	737	NUM
cblr-2872	1070	4	columbia	columbia	PROPN
cblr-2872	1070	5	business	business	NOUN
cblr-2872	1070	6	law	law	PROPN
cblr-2872	1070	7	review	review	NOUN
cblr-2872	1070	8	figure	figure	NOUN
cblr-2872	1070	9	13	13	NUM
cblr-2872	1070	10	:	:	PUNCT
cblr-2872	1070	11	the	the	DET
cblr-2872	1070	12	swapification	swapification	NOUN
cblr-2872	1070	13	effects	effect	NOUN
cblr-2872	1070	14	of	of	ADP
cblr-2872	1070	15	transparency	transparency	NOUN
cblr-2872	1070	16	rules	rule	NOUN
cblr-2872	1070	17	when	when	SCONJ
cblr-2872	1070	18	absolute	absolute	ADJ
cblr-2872	1070	19	costs	cost	NOUN
cblr-2872	1070	20	decrease	decrease	NOUN
cblr-2872	1070	21	decreased	decrease	VERB
cblr-2872	1070	22	cost	cost	NOUN
cblr-2872	1070	23	of	of	ADP
cblr-2872	1070	24	cleared	clear	VERB
cblr-2872	1070	25	swaps	swap	NOUN
cblr-2872	1070	26	for	for	ADP
cblr-2872	1070	27	small	small	ADJ
cblr-2872	1070	28	market	market	NOUN
cblr-2872	1070	29	participants	participant	NOUN
cblr-2872	1070	30	engaged	engage	VERB
cblr-2872	1070	31	in	in	ADP
cblr-2872	1070	32	non	non	ADJ
cblr-2872	1070	33	-	-	ADJ
cblr-2872	1070	34	block	block	ADJ
cblr-2872	1070	35	trades	trade	NOUN
cblr-2872	1070	36	incentive	incentive	NOUN
cblr-2872	1070	37	to	to	PART
cblr-2872	1070	38	"	"	PUNCT
cblr-2872	1070	39	swapify	swapify	VERB
cblr-2872	1070	40	"	"	PUNCT
cblr-2872	1070	41	futures	future	NOUN
cblr-2872	1070	42	into	into	ADP
cblr-2872	1070	43	cleared	clear	VERB
cblr-2872	1070	44	swaps	swap	NOUN
cblr-2872	1070	45	swaps	swap	NOUN
cblr-2872	1070	46	both	both	DET
cblr-2872	1070	47	proand	proand	NOUN
cblr-2872	1070	48	futures	future	NOUN
cblr-2872	1070	49	both	both	PRON
cblr-2872	1070	50	preand	preand	VERB
cblr-2872	1070	51	swaps	swap	NOUN
cblr-2872	1070	52	pro	pro	ADJ
cblr-2872	1070	53	-	-	ADJ
cblr-2872	1070	54	dodd	dodd	NOUN
cblr-2872	1070	55	-	-	PUNCT
cblr-2872	1070	56	frank	frank	ADJ
cblr-2872	1070	57	,	,	PUNCT
cblr-2872	1070	58	not	not	PART
cblr-2872	1070	59	no	no	DET
cblr-2872	1070	60	transations	transation	NOUN
cblr-2872	1070	61	post	post	ADJ
cblr-2872	1070	62	-	-	ADJ
cblr-2872	1070	63	dodd	dodd	ADJ
cblr-2872	1070	64	-	-	PUNCT
cblr-2872	1070	65	frank	frank	ADJ
cblr-2872	1070	66	post	post	PROPN
cblr-2872	1070	67	-	-	ADJ
cblr-2872	1070	68	dodd	dodd	ADJ
cblr-2872	1070	69	-	-	PUNCT
cblr-2872	1070	70	frank	frank	ADJ
cblr-2872	1070	71	transacted	transact	VERB
cblr-2872	1070	72	post	post	NOUN
cblr-2872	1070	73	-	-	ADJ
cblr-2872	1070	74	dodd	dodd	ADJ
cblr-2872	1070	75	-	-	PUNCT
cblr-2872	1070	76	frank	frank	PROPN
cblr-2872	1070	77	swapified	swapifie	VERB
cblr-2872	1070	78	futures	futures	PROPN
cblr-2872	1070	79	vi	vi	PROPN
cblr-2872	1070	80	.	.	PUNCT
cblr-2872	1070	81	policy	policy	NOUN
cblr-2872	1070	82	implications	implication	NOUN
cblr-2872	1070	83	of	of	ADP
cblr-2872	1070	84	regulation	regulation	NOUN
cblr-2872	1070	85	through	through	ADP
cblr-2872	1070	86	substitution	substitution	NOUN
cblr-2872	1070	87	and	and	CCONJ
cblr-2872	1070	88	conclusion	conclusion	NOUN
cblr-2872	1070	89	as	as	SCONJ
cblr-2872	1070	90	discussed	discuss	VERB
cblr-2872	1070	91	in	in	ADP
cblr-2872	1070	92	the	the	DET
cblr-2872	1070	93	previous	previous	ADJ
cblr-2872	1070	94	part	part	NOUN
cblr-2872	1070	95	,	,	PUNCT
cblr-2872	1070	96	our	our	PRON
cblr-2872	1070	97	regulation	regulation	NOUN
cblr-2872	1070	98	through	through	ADP
cblr-2872	1070	99	substitution	substitution	NOUN
cblr-2872	1070	100	model	model	NOUN
cblr-2872	1070	101	suggests	suggest	VERB
cblr-2872	1070	102	that	that	SCONJ
cblr-2872	1070	103	some	some	PRON
cblr-2872	1070	104	of	of	ADP
cblr-2872	1070	105	the	the	DET
cblr-2872	1070	106	cftc	cftc	PROPN
cblr-2872	1070	107	's	's	PART
cblr-2872	1070	108	swap	swap	NOUN
cblr-2872	1070	109	regulations	regulation	NOUN
cblr-2872	1070	110	may	may	AUX
cblr-2872	1070	111	act	act	VERB
cblr-2872	1070	112	contrary	contrary	ADV
cblr-2872	1070	113	to	to	ADP
cblr-2872	1070	114	the	the	DET
cblr-2872	1070	115	desired	desire	VERB
cblr-2872	1070	116	policy	policy	NOUN
cblr-2872	1070	117	results	result	NOUN
cblr-2872	1070	118	of	of	ADP
cblr-2872	1070	119	the	the	DET
cblr-2872	1070	120	dodd	dodd	PROPN
cblr-2872	1070	121	-	-	PUNCT
cblr-2872	1070	122	frank	frank	PROPN
cblr-2872	1070	123	act	act	PROPN
cblr-2872	1070	124	and	and	CCONJ
cblr-2872	1070	125	of	of	ADP
cblr-2872	1070	126	the	the	DET
cblr-2872	1070	127	cftc	cftc	PROPN
cblr-2872	1070	128	.	.	PUNCT
cblr-2872	1071	1	regardless	regardless	ADV
cblr-2872	1071	2	of	of	ADP
cblr-2872	1071	3	the	the	DET
cblr-2872	1071	4	specific	specific	ADJ
cblr-2872	1071	5	aims	aim	NOUN
cblr-2872	1071	6	that	that	PRON
cblr-2872	1071	7	the	the	DET
cblr-2872	1071	8	cftc	cftc	PROPN
cblr-2872	1071	9	seeks	seek	VERB
cblr-2872	1071	10	to	to	PART
cblr-2872	1071	11	achieve	achieve	VERB
cblr-2872	1071	12	,	,	PUNCT
cblr-2872	1071	13	a	a	DET
cblr-2872	1071	14	better	well	ADJ
cblr-2872	1071	15	understanding	understanding	NOUN
cblr-2872	1071	16	of	of	ADP
cblr-2872	1071	17	the	the	DET
cblr-2872	1071	18	regulation	regulation	NOUN
cblr-2872	1071	19	through	through	ADP
cblr-2872	1071	20	substitution	substitution	NOUN
cblr-2872	1071	21	effect	effect	NOUN
cblr-2872	1071	22	would	would	AUX
cblr-2872	1071	23	allow	allow	VERB
cblr-2872	1071	24	the	the	DET
cblr-2872	1071	25	agency	agency	NOUN
cblr-2872	1071	26	to	to	PART
cblr-2872	1071	27	predict	predict	VERB
cblr-2872	1071	28	some	some	DET
cblr-2872	1071	29	such	such	ADJ
cblr-2872	1071	30	unintended	unintended	ADJ
cblr-2872	1071	31	consequences	consequence	NOUN
cblr-2872	1071	32	.	.	PUNCT
cblr-2872	1072	1	armed	arm	VERB
cblr-2872	1072	2	with	with	ADP
cblr-2872	1072	3	this	this	DET
cblr-2872	1072	4	predictive	predictive	ADJ
cblr-2872	1072	5	tool	tool	NOUN
cblr-2872	1072	6	,	,	PUNCT
cblr-2872	1072	7	we	we	PRON
cblr-2872	1072	8	believe	believe	VERB
cblr-2872	1072	9	that	that	SCONJ
cblr-2872	1072	10	the	the	DET
cblr-2872	1072	11	cftc	cftc	PROPN
cblr-2872	1072	12	can	can	AUX
cblr-2872	1072	13	apply	apply	VERB
cblr-2872	1072	14	the	the	DET
cblr-2872	1072	15	regulation	regulation	NOUN
cblr-2872	1072	16	through	through	ADP
cblr-2872	1072	17	substitution	substitution	NOUN
cblr-2872	1072	18	738	738	NUM
cblr-2872	1073	1	[	[	X
cblr-2872	1073	2	vol	vol	NOUN
cblr-2872	1073	3	.	.	PUNCT
cblr-2872	1073	4	2013	2013	NUM
cblr-2872	1073	5	regulation	regulation	NOUN
cblr-2872	1073	6	through	through	ADP
cblr-2872	1073	7	substitution	substitution	NOUN
cblr-2872	1073	8	analysis	analysis	NOUN
cblr-2872	1073	9	to	to	ADP
cblr-2872	1073	10	design	design	VERB
cblr-2872	1073	11	regulations	regulation	NOUN
cblr-2872	1073	12	that	that	PRON
cblr-2872	1073	13	more	more	ADV
cblr-2872	1073	14	effectively	effectively	ADV
cblr-2872	1073	15	realize	realize	VERB
cblr-2872	1073	16	its	its	PRON
cblr-2872	1073	17	policy	policy	NOUN
cblr-2872	1073	18	goals	goal	NOUN
cblr-2872	1073	19	and	and	CCONJ
cblr-2872	1073	20	to	to	PART
cblr-2872	1073	21	assess	assess	VERB
cblr-2872	1073	22	the	the	DET
cblr-2872	1073	23	costs	cost	NOUN
cblr-2872	1073	24	and	and	CCONJ
cblr-2872	1073	25	benefits	benefit	NOUN
cblr-2872	1073	26	of	of	ADP
cblr-2872	1073	27	proposed	propose	VERB
cblr-2872	1073	28	regulations	regulation	NOUN
cblr-2872	1073	29	.	.	PUNCT
cblr-2872	1074	1	other	other	ADJ
cblr-2872	1074	2	regulators	regulator	NOUN
cblr-2872	1074	3	that	that	PRON
cblr-2872	1074	4	similarly	similarly	ADV
cblr-2872	1074	5	oversee	oversee	VERB
cblr-2872	1074	6	multiple	multiple	ADJ
cblr-2872	1074	7	related	relate	VERB
cblr-2872	1074	8	regulatory	regulatory	ADJ
cblr-2872	1074	9	regimes	regime	NOUN
cblr-2872	1074	10	may	may	AUX
cblr-2872	1074	11	also	also	ADV
cblr-2872	1074	12	use	use	VERB
cblr-2872	1074	13	this	this	DET
cblr-2872	1074	14	tool	tool	NOUN
cblr-2872	1074	15	in	in	ADP
cblr-2872	1074	16	similar	similar	ADJ
cblr-2872	1074	17	contexts	context	NOUN
cblr-2872	1074	18	to	to	PART
cblr-2872	1074	19	better	well	ADV
cblr-2872	1074	20	address	address	VERB
cblr-2872	1074	21	their	their	PRON
cblr-2872	1074	22	policy	policy	NOUN
cblr-2872	1074	23	concerns	concern	NOUN
cblr-2872	1074	24	.	.	PUNCT
cblr-2872	1075	1	first	first	ADV
cblr-2872	1075	2	,	,	PUNCT
cblr-2872	1075	3	the	the	DET
cblr-2872	1075	4	cftc	cftc	PROPN
cblr-2872	1075	5	and	and	CCONJ
cblr-2872	1075	6	other	other	ADJ
cblr-2872	1075	7	similarly	similarly	ADV
cblr-2872	1075	8	situated	situate	VERB
cblr-2872	1075	9	regulators	regulator	NOUN
cblr-2872	1075	10	should	should	AUX
cblr-2872	1075	11	use	use	VERB
cblr-2872	1075	12	the	the	DET
cblr-2872	1075	13	regulation	regulation	NOUN
cblr-2872	1075	14	through	through	ADP
cblr-2872	1075	15	substitution	substitution	NOUN
cblr-2872	1075	16	model	model	NOUN
cblr-2872	1075	17	to	to	PART
cblr-2872	1075	18	design	design	VERB
cblr-2872	1075	19	regulatory	regulatory	ADJ
cblr-2872	1075	20	regimes	regime	NOUN
cblr-2872	1075	21	better	well	ADV
cblr-2872	1075	22	tailored	tailor	VERB
cblr-2872	1075	23	to	to	PART
cblr-2872	1075	24	achieve	achieve	VERB
cblr-2872	1075	25	their	their	PRON
cblr-2872	1075	26	specific	specific	ADJ
cblr-2872	1075	27	policy	policy	NOUN
cblr-2872	1075	28	objectives	objective	NOUN
cblr-2872	1075	29	.	.	PUNCT
cblr-2872	1076	1	to	to	ADP
cblr-2872	1076	2	date	date	NOUN
cblr-2872	1076	3	,	,	PUNCT
cblr-2872	1076	4	the	the	DET
cblr-2872	1076	5	cftc	cftc	PROPN
cblr-2872	1076	6	does	do	AUX
cblr-2872	1076	7	not	not	PART
cblr-2872	1076	8	appear	appear	VERB
cblr-2872	1076	9	to	to	PART
cblr-2872	1076	10	have	have	AUX
cblr-2872	1076	11	done	do	VERB
cblr-2872	1076	12	so	so	ADV
cblr-2872	1076	13	,	,	PUNCT
cblr-2872	1076	14	which	which	PRON
cblr-2872	1076	15	has	have	AUX
cblr-2872	1076	16	led	lead	VERB
cblr-2872	1076	17	to	to	ADP
cblr-2872	1076	18	the	the	DET
cblr-2872	1076	19	unexpected	unexpected	ADJ
cblr-2872	1076	20	outcomes	outcome	NOUN
cblr-2872	1076	21	described	describe	VERB
cblr-2872	1076	22	in	in	ADP
cblr-2872	1076	23	part	part	NOUN
cblr-2872	1076	24	v.	v.	ADP
cblr-2872	1076	25	the	the	DET
cblr-2872	1076	26	cftc	cftc	PROPN
cblr-2872	1076	27	has	have	AUX
cblr-2872	1076	28	made	make	VERB
cblr-2872	1076	29	policy	policy	NOUN
cblr-2872	1076	30	choices	choice	NOUN
cblr-2872	1076	31	that	that	PRON
cblr-2872	1076	32	will	will	AUX
cblr-2872	1076	33	:	:	PUNCT
cblr-2872	1076	34	(	(	PUNCT
cblr-2872	1076	35	1	1	X
cblr-2872	1076	36	)	)	PUNCT
cblr-2872	1076	37	through	through	ADP
cblr-2872	1076	38	margin	margin	NOUN
cblr-2872	1076	39	requirements	requirement	NOUN
cblr-2872	1076	40	raise	raise	VERB
cblr-2872	1076	41	the	the	DET
cblr-2872	1076	42	absolute	absolute	ADJ
cblr-2872	1076	43	cost	cost	NOUN
cblr-2872	1076	44	of	of	ADP
cblr-2872	1076	45	uncleared	uncleared	ADJ
cblr-2872	1076	46	swaps	swap	NOUN
cblr-2872	1076	47	for	for	ADP
cblr-2872	1076	48	financial	financial	ADJ
cblr-2872	1076	49	,	,	PUNCT
cblr-2872	1076	50	but	but	CCONJ
cblr-2872	1076	51	not	not	PART
cblr-2872	1076	52	commercial	commercial	ADJ
cblr-2872	1076	53	,	,	PUNCT
cblr-2872	1076	54	entities	entity	NOUN
cblr-2872	1076	55	;	;	PUNCT
cblr-2872	1076	56	(	(	PUNCT
cblr-2872	1076	57	2	2	X
cblr-2872	1076	58	)	)	PUNCT
cblr-2872	1076	59	through	through	ADP
cblr-2872	1076	60	customer	customer	NOUN
cblr-2872	1076	61	collateral	collateral	NOUN
cblr-2872	1076	62	protection	protection	NOUN
cblr-2872	1076	63	requirements	requirement	NOUN
cblr-2872	1076	64	decrease	decrease	VERB
cblr-2872	1076	65	the	the	DET
cblr-2872	1076	66	absolute	absolute	ADJ
cblr-2872	1076	67	cost	cost	NOUN
cblr-2872	1076	68	of	of	ADP
cblr-2872	1076	69	cleared	clear	VERB
cblr-2872	1076	70	,	,	PUNCT
cblr-2872	1076	71	but	but	CCONJ
cblr-2872	1076	72	not	not	PART
cblr-2872	1076	73	uncleared	uncleared	ADJ
cblr-2872	1076	74	,	,	PUNCT
cblr-2872	1076	75	swaps	swap	NOUN
cblr-2872	1076	76	;	;	PUNCT
cblr-2872	1076	77	and	and	CCONJ
cblr-2872	1076	78	(	(	PUNCT
cblr-2872	1076	79	3	3	X
cblr-2872	1076	80	)	)	PUNCT
cblr-2872	1076	81	through	through	ADP
cblr-2872	1076	82	swap	swap	NOUN
cblr-2872	1076	83	data	datum	NOUN
cblr-2872	1076	84	transparency	transparency	NOUN
cblr-2872	1076	85	requirements	requirement	NOUN
cblr-2872	1076	86	increase	increase	VERB
cblr-2872	1076	87	the	the	DET
cblr-2872	1076	88	absolute	absolute	ADJ
cblr-2872	1076	89	cost	cost	NOUN
cblr-2872	1076	90	of	of	ADP
cblr-2872	1076	91	swaps	swap	NOUN
cblr-2872	1076	92	for	for	ADP
cblr-2872	1076	93	large	large	ADJ
cblr-2872	1076	94	market	market	NOUN
cblr-2872	1076	95	participants	participant	NOUN
cblr-2872	1076	96	and	and	CCONJ
cblr-2872	1076	97	those	those	PRON
cblr-2872	1076	98	executing	execute	VERB
cblr-2872	1076	99	block	block	NOUN
cblr-2872	1076	100	trades	trade	NOUN
cblr-2872	1076	101	,	,	PUNCT
cblr-2872	1076	102	and	and	CCONJ
cblr-2872	1076	103	decrease	decrease	VERB
cblr-2872	1076	104	the	the	DET
cblr-2872	1076	105	absolute	absolute	ADJ
cblr-2872	1076	106	cost	cost	NOUN
cblr-2872	1076	107	of	of	ADP
cblr-2872	1076	108	swaps	swap	NOUN
cblr-2872	1076	109	for	for	ADP
cblr-2872	1076	110	small	small	ADJ
cblr-2872	1076	111	market	market	NOUN
cblr-2872	1076	112	participants	participant	NOUN
cblr-2872	1076	113	and	and	CCONJ
cblr-2872	1076	114	those	those	PRON
cblr-2872	1076	115	executing	execute	VERB
cblr-2872	1076	116	swaps	swap	NOUN
cblr-2872	1076	117	with	with	ADP
cblr-2872	1076	118	small	small	ADJ
cblr-2872	1076	119	notional	notional	ADJ
cblr-2872	1076	120	sizes	size	NOUN
cblr-2872	1076	121	.	.	PUNCT
cblr-2872	1077	1	each	each	PRON
cblr-2872	1077	2	of	of	ADP
cblr-2872	1077	3	these	these	DET
cblr-2872	1077	4	changes	change	NOUN
cblr-2872	1077	5	in	in	ADP
cblr-2872	1077	6	the	the	DET
cblr-2872	1077	7	absolute	absolute	ADJ
cblr-2872	1077	8	cost	cost	NOUN
cblr-2872	1077	9	of	of	ADP
cblr-2872	1077	10	swaps	swap	NOUN
cblr-2872	1077	11	wields	wield	NOUN
cblr-2872	1077	12	,	,	PUNCT
cblr-2872	1077	13	as	as	SCONJ
cblr-2872	1077	14	we	we	PRON
cblr-2872	1077	15	have	have	AUX
cblr-2872	1077	16	demonstrated	demonstrate	VERB
cblr-2872	1077	17	,	,	PUNCT
cblr-2872	1077	18	a	a	DET
cblr-2872	1077	19	corresponding	corresponding	ADJ
cblr-2872	1077	20	effect	effect	NOUN
cblr-2872	1077	21	on	on	ADP
cblr-2872	1077	22	the	the	DET
cblr-2872	1077	23	relative	relative	ADJ
cblr-2872	1077	24	price	price	NOUN
cblr-2872	1077	25	of	of	ADP
cblr-2872	1077	26	futures	future	NOUN
cblr-2872	1077	27	versus	versus	ADP
cblr-2872	1077	28	swaps	swap	NOUN
cblr-2872	1077	29	.	.	PUNCT
cblr-2872	1078	1	as	as	ADP
cblr-2872	1078	2	a	a	DET
cblr-2872	1078	3	result	result	NOUN
cblr-2872	1078	4	,	,	PUNCT
cblr-2872	1078	5	they	they	PRON
cblr-2872	1078	6	will	will	AUX
cblr-2872	1078	7	encourage	encourage	VERB
cblr-2872	1078	8	varying	vary	VERB
cblr-2872	1078	9	levels	level	NOUN
cblr-2872	1078	10	of	of	ADP
cblr-2872	1078	11	futurization	futurization	NOUN
cblr-2872	1078	12	or	or	CCONJ
cblr-2872	1078	13	swapification	swapification	NOUN
cblr-2872	1078	14	based	base	VERB
cblr-2872	1078	15	on	on	ADP
cblr-2872	1078	16	the	the	DET
cblr-2872	1078	17	market	market	NOUN
cblr-2872	1078	18	segment	segment	NOUN
cblr-2872	1078	19	-	-	PUNCT
cblr-2872	1078	20	though	though	ADV
cblr-2872	1078	21	not	not	PART
cblr-2872	1078	22	always	always	ADV
cblr-2872	1078	23	in	in	ADP
cblr-2872	1078	24	the	the	DET
cblr-2872	1078	25	direction	direction	NOUN
cblr-2872	1078	26	one	one	PRON
cblr-2872	1078	27	might	might	AUX
cblr-2872	1078	28	expect	expect	VERB
cblr-2872	1078	29	based	base	VERB
cblr-2872	1078	30	on	on	ADP
cblr-2872	1078	31	the	the	DET
cblr-2872	1078	32	historical	historical	ADJ
cblr-2872	1078	33	orientation	orientation	NOUN
cblr-2872	1078	34	of	of	ADP
cblr-2872	1078	35	each	each	DET
cblr-2872	1078	36	regime	regime	NOUN
cblr-2872	1078	37	.	.	PUNCT
cblr-2872	1079	1	we	we	PRON
cblr-2872	1079	2	believe	believe	VERB
cblr-2872	1079	3	that	that	SCONJ
cblr-2872	1079	4	the	the	DET
cblr-2872	1079	5	cftc	cftc	PROPN
cblr-2872	1079	6	could	could	AUX
cblr-2872	1079	7	improve	improve	VERB
cblr-2872	1079	8	its	its	PRON
cblr-2872	1079	9	swap	swap	NOUN
cblr-2872	1079	10	regulations	regulation	NOUN
cblr-2872	1079	11	by	by	ADP
cblr-2872	1079	12	considering	consider	VERB
cblr-2872	1079	13	how	how	SCONJ
cblr-2872	1079	14	such	such	ADJ
cblr-2872	1079	15	regulations	regulation	NOUN
cblr-2872	1079	16	may	may	AUX
cblr-2872	1079	17	cause	cause	VERB
cblr-2872	1079	18	market	market	NOUN
cblr-2872	1079	19	participants	participant	NOUN
cblr-2872	1079	20	to	to	PART
cblr-2872	1079	21	transact	transact	VERB
cblr-2872	1079	22	in	in	ADP
cblr-2872	1079	23	futures	future	NOUN
cblr-2872	1079	24	rather	rather	ADV
cblr-2872	1079	25	than	than	ADP
cblr-2872	1079	26	swaps	swap	NOUN
cblr-2872	1079	27	,	,	PUNCT
cblr-2872	1079	28	or	or	CCONJ
cblr-2872	1079	29	vice	vice	NOUN
cblr-2872	1079	30	versa	versa	ADV
cblr-2872	1079	31	.	.	PUNCT
cblr-2872	1080	1	to	to	PART
cblr-2872	1080	2	gauge	gauge	VERB
cblr-2872	1080	3	the	the	DET
cblr-2872	1080	4	appropriateness	appropriateness	NOUN
cblr-2872	1080	5	of	of	ADP
cblr-2872	1080	6	its	its	PRON
cblr-2872	1080	7	swap	swap	NOUN
cblr-2872	1080	8	regulations	regulation	NOUN
cblr-2872	1080	9	,	,	PUNCT
cblr-2872	1080	10	the	the	DET
cblr-2872	1080	11	cftc	cftc	PROPN
cblr-2872	1080	12	should	should	AUX
cblr-2872	1080	13	assess	assess	VERB
cblr-2872	1080	14	whether	whether	SCONJ
cblr-2872	1080	15	a	a	DET
cblr-2872	1080	16	proposed	propose	VERB
cblr-2872	1080	17	swap	swap	NOUN
cblr-2872	1080	18	regulation	regulation	NOUN
cblr-2872	1080	19	discourages	discourage	VERB
cblr-2872	1080	20	market	market	NOUN
cblr-2872	1080	21	participants	participant	NOUN
cblr-2872	1080	22	from	from	ADP
cblr-2872	1080	23	entering	enter	VERB
cblr-2872	1080	24	into	into	ADP
cblr-2872	1080	25	transactions	transaction	NOUN
cblr-2872	1080	26	(	(	PUNCT
cblr-2872	1080	27	either	either	CCONJ
cblr-2872	1080	28	as	as	ADP
cblr-2872	1080	29	swaps	swap	NOUN
cblr-2872	1080	30	or	or	CCONJ
cblr-2872	1080	31	as	as	ADP
cblr-2872	1080	32	futures	future	NOUN
cblr-2872	1080	33	)	)	PUNCT
cblr-2872	1080	34	that	that	SCONJ
cblr-2872	1080	35	,	,	PUNCT
cblr-2872	1080	36	taking	take	VERB
cblr-2872	1080	37	into	into	ADP
cblr-2872	1080	38	account	account	NOUN
cblr-2872	1080	39	externalities	externality	NOUN
cblr-2872	1080	40	,	,	PUNCT
cblr-2872	1080	41	are	be	AUX
cblr-2872	1080	42	overall	overall	ADV
cblr-2872	1080	43	beneficial	beneficial	ADJ
cblr-2872	1080	44	for	for	ADP
cblr-2872	1080	45	the	the	DET
cblr-2872	1080	46	market	market	NOUN
cblr-2872	1080	47	.	.	PUNCT
cblr-2872	1081	1	the	the	DET
cblr-2872	1081	2	cftc	cftc	PROPN
cblr-2872	1081	3	should	should	AUX
cblr-2872	1081	4	also	also	ADV
cblr-2872	1081	5	consider	consider	VERB
cblr-2872	1081	6	whether	whether	SCONJ
cblr-2872	1081	7	the	the	DET
cblr-2872	1081	8	transactions	transaction	NOUN
cblr-2872	1081	9	that	that	PRON
cblr-2872	1081	10	would	would	AUX
cblr-2872	1081	11	be	be	AUX
cblr-2872	1081	12	futurized	futurize	VERB
cblr-2872	1081	13	or	or	CCONJ
cblr-2872	1081	14	swapified	swapifie	VERB
cblr-2872	1081	15	are	be	AUX
cblr-2872	1081	16	those	those	PRON
cblr-2872	1081	17	that	that	PRON
cblr-2872	1081	18	the	the	DET
cblr-2872	1081	19	cftc	cftc	PROPN
cblr-2872	1081	20	wants	want	VERB
cblr-2872	1081	21	to	to	PART
cblr-2872	1081	22	be	be	AUX
cblr-2872	1081	23	subject	subject	ADJ
cblr-2872	1081	24	to	to	ADP
cblr-2872	1081	25	the	the	DET
cblr-2872	1081	26	no	no	NOUN
cblr-2872	1081	27	.	.	PUNCT
cblr-2872	1082	1	3:667	3:667	NUM
cblr-2872	1082	2	]	]	PUNCT
cblr-2872	1082	3	739	739	NUM
cblr-2872	1082	4	futures	future	NOUN
cblr-2872	1082	5	regulatory	regulatory	ADJ
cblr-2872	1082	6	regime	regime	NOUN
cblr-2872	1082	7	or	or	CCONJ
cblr-2872	1082	8	swap	swap	VERB
cblr-2872	1082	9	regulatory	regulatory	ADJ
cblr-2872	1082	10	regime	regime	NOUN
cblr-2872	1082	11	.	.	PUNCT
cblr-2872	1083	1	undertaking	undertake	VERB
cblr-2872	1083	2	such	such	DET
cblr-2872	1083	3	an	an	DET
cblr-2872	1083	4	analysis	analysis	NOUN
cblr-2872	1083	5	would	would	AUX
cblr-2872	1083	6	help	help	VERB
cblr-2872	1083	7	the	the	DET
cblr-2872	1083	8	cftc	cftc	PROPN
cblr-2872	1083	9	achieve	achieve	VERB
cblr-2872	1083	10	greater	great	ADJ
cblr-2872	1083	11	protections	protection	NOUN
cblr-2872	1083	12	for	for	ADP
cblr-2872	1083	13	market	market	NOUN
cblr-2872	1083	14	participants	participant	NOUN
cblr-2872	1083	15	that	that	PRON
cblr-2872	1083	16	are	be	AUX
cblr-2872	1083	17	more	more	ADV
cblr-2872	1083	18	tailored	tailor	VERB
cblr-2872	1083	19	to	to	ADP
cblr-2872	1083	20	specific	specific	ADJ
cblr-2872	1083	21	risks	risk	NOUN
cblr-2872	1083	22	or	or	CCONJ
cblr-2872	1083	23	regulatory	regulatory	ADJ
cblr-2872	1083	24	concerns	concern	NOUN
cblr-2872	1083	25	posed	pose	VERB
cblr-2872	1083	26	by	by	ADP
cblr-2872	1083	27	different	different	ADJ
cblr-2872	1083	28	types	type	NOUN
cblr-2872	1083	29	of	of	ADP
cblr-2872	1083	30	transactions	transaction	NOUN
cblr-2872	1083	31	,	,	PUNCT
cblr-2872	1083	32	the	the	DET
cblr-2872	1083	33	purposes	purpose	NOUN
cblr-2872	1083	34	of	of	ADP
cblr-2872	1083	35	those	those	DET
cblr-2872	1083	36	transactions	transaction	NOUN
cblr-2872	1083	37	,	,	PUNCT
cblr-2872	1083	38	and	and	CCONJ
cblr-2872	1083	39	the	the	DET
cblr-2872	1083	40	particular	particular	ADJ
cblr-2872	1083	41	circumstances	circumstance	NOUN
cblr-2872	1083	42	of	of	ADP
cblr-2872	1083	43	the	the	DET
cblr-2872	1083	44	market	market	NOUN
cblr-2872	1083	45	participants	participant	NOUN
cblr-2872	1083	46	being	be	AUX
cblr-2872	1083	47	regulated	regulate	VERB
cblr-2872	1083	48	.	.	PUNCT
cblr-2872	1084	1	more	more	ADV
cblr-2872	1084	2	generally	generally	ADV
cblr-2872	1084	3	,	,	PUNCT
cblr-2872	1084	4	we	we	PRON
cblr-2872	1084	5	believe	believe	VERB
cblr-2872	1084	6	that	that	SCONJ
cblr-2872	1084	7	while	while	SCONJ
cblr-2872	1084	8	regulators	regulator	NOUN
cblr-2872	1084	9	in	in	ADP
cblr-2872	1084	10	similar	similar	ADJ
cblr-2872	1084	11	situations	situation	NOUN
cblr-2872	1084	12	may	may	AUX
cblr-2872	1084	13	intuitively	intuitively	ADV
cblr-2872	1084	14	understand	understand	VERB
cblr-2872	1084	15	the	the	DET
cblr-2872	1084	16	absolute	absolute	ADJ
cblr-2872	1084	17	and	and	CCONJ
cblr-2872	1084	18	relative	relative	ADJ
cblr-2872	1084	19	cost	cost	NOUN
cblr-2872	1084	20	effects	effect	NOUN
cblr-2872	1084	21	of	of	ADP
cblr-2872	1084	22	their	their	PRON
cblr-2872	1084	23	regulatory	regulatory	ADJ
cblr-2872	1084	24	actions	action	NOUN
cblr-2872	1084	25	,	,	PUNCT
cblr-2872	1084	26	the	the	DET
cblr-2872	1084	27	analysis	analysis	NOUN
cblr-2872	1084	28	in	in	ADP
cblr-2872	1084	29	this	this	DET
cblr-2872	1084	30	article	article	NOUN
cblr-2872	1084	31	could	could	AUX
cblr-2872	1084	32	be	be	AUX
cblr-2872	1084	33	a	a	DET
cblr-2872	1084	34	useful	useful	ADJ
cblr-2872	1084	35	tool	tool	NOUN
cblr-2872	1084	36	for	for	ADP
cblr-2872	1084	37	formalizing	formalizing	NOUN
cblr-2872	1084	38	that	that	DET
cblr-2872	1084	39	intuition	intuition	NOUN
cblr-2872	1084	40	as	as	ADP
cblr-2872	1084	41	a	a	DET
cblr-2872	1084	42	tool	tool	NOUN
cblr-2872	1084	43	for	for	ADP
cblr-2872	1084	44	conscious	conscious	ADJ
cblr-2872	1084	45	regulatory	regulatory	ADJ
cblr-2872	1084	46	decisions	decision	NOUN
cblr-2872	1084	47	.	.	PUNCT
cblr-2872	1085	1	rather	rather	ADV
cblr-2872	1085	2	than	than	ADP
cblr-2872	1085	3	trying	try	VERB
cblr-2872	1085	4	to	to	PART
cblr-2872	1085	5	assess	assess	VERB
cblr-2872	1085	6	ex	ex	PRON
cblr-2872	1085	7	post	post	NOUN
cblr-2872	1085	8	whether	whether	SCONJ
cblr-2872	1085	9	a	a	DET
cblr-2872	1085	10	regulation	regulation	NOUN
cblr-2872	1085	11	has	have	VERB
cblr-2872	1085	12	the	the	DET
cblr-2872	1085	13	intended	intend	VERB
cblr-2872	1085	14	or	or	CCONJ
cblr-2872	1085	15	desired	desire	VERB
cblr-2872	1085	16	effect	effect	NOUN
cblr-2872	1085	17	,	,	PUNCT
cblr-2872	1085	18	regulators	regulator	NOUN
cblr-2872	1085	19	with	with	ADP
cblr-2872	1085	20	oversight	oversight	NOUN
cblr-2872	1085	21	over	over	ADP
cblr-2872	1085	22	related	related	ADJ
cblr-2872	1085	23	regimes	regime	NOUN
cblr-2872	1085	24	should	should	AUX
cblr-2872	1085	25	ex	ex	VERB
cblr-2872	1085	26	ante	ante	NOUN
cblr-2872	1085	27	decide	decide	VERB
cblr-2872	1085	28	on	on	ADP
cblr-2872	1085	29	their	their	PRON
cblr-2872	1085	30	policy	policy	NOUN
cblr-2872	1085	31	goals	goal	NOUN
cblr-2872	1085	32	and	and	CCONJ
cblr-2872	1085	33	use	use	VERB
cblr-2872	1085	34	their	their	PRON
cblr-2872	1085	35	influence	influence	NOUN
cblr-2872	1085	36	over	over	ADP
cblr-2872	1085	37	the	the	DET
cblr-2872	1085	38	absolute	absolute	ADJ
cblr-2872	1085	39	cost	cost	NOUN
cblr-2872	1085	40	of	of	ADP
cblr-2872	1085	41	those	those	DET
cblr-2872	1085	42	regimes	regime	NOUN
cblr-2872	1085	43	to	to	PART
cblr-2872	1085	44	achieve	achieve	VERB
cblr-2872	1085	45	that	that	DET
cblr-2872	1085	46	goal	goal	NOUN
cblr-2872	1085	47	.	.	PUNCT
cblr-2872	1086	1	second	second	ADJ
cblr-2872	1086	2	,	,	PUNCT
cblr-2872	1086	3	the	the	DET
cblr-2872	1086	4	cftc	cftc	PROPN
cblr-2872	1086	5	and	and	CCONJ
cblr-2872	1086	6	other	other	ADJ
cblr-2872	1086	7	regulators	regulator	NOUN
cblr-2872	1086	8	can	can	AUX
cblr-2872	1086	9	use	use	VERB
cblr-2872	1086	10	the	the	DET
cblr-2872	1086	11	regulation	regulation	NOUN
cblr-2872	1086	12	by	by	ADP
cblr-2872	1086	13	substitution	substitution	NOUN
cblr-2872	1086	14	analysis	analysis	NOUN
cblr-2872	1086	15	to	to	PART
cblr-2872	1086	16	better	well	ADV
cblr-2872	1086	17	predict	predict	VERB
cblr-2872	1086	18	the	the	DET
cblr-2872	1086	19	costs	cost	NOUN
cblr-2872	1086	20	imposed	impose	VERB
cblr-2872	1086	21	,	,	PUNCT
cblr-2872	1086	22	and	and	CCONJ
cblr-2872	1086	23	benefits	benefit	NOUN
cblr-2872	1086	24	provided	provide	VERB
cblr-2872	1086	25	,	,	PUNCT
cblr-2872	1086	26	by	by	ADP
cblr-2872	1086	27	the	the	DET
cblr-2872	1086	28	proposed	propose	VERB
cblr-2872	1086	29	regulations	regulation	NOUN
cblr-2872	1086	30	.	.	PUNCT
cblr-2872	1087	1	under	under	ADP
cblr-2872	1087	2	the	the	DET
cblr-2872	1087	3	commodity	commodity	NOUN
cblr-2872	1087	4	exchange	exchange	PROPN
cblr-2872	1087	5	act	act	PROPN
cblr-2872	1087	6	,	,	PUNCT
cblr-2872	1087	7	the	the	DET
cblr-2872	1087	8	cftc	cftc	PROPN
cblr-2872	1087	9	must	must	AUX
cblr-2872	1087	10	engage	engage	VERB
cblr-2872	1087	11	in	in	ADP
cblr-2872	1087	12	a	a	DET
cblr-2872	1087	13	cost	cost	NOUN
cblr-2872	1087	14	-	-	PUNCT
cblr-2872	1087	15	benefit	benefit	NOUN
cblr-2872	1087	16	analysis	analysis	NOUN
cblr-2872	1087	17	in	in	ADP
cblr-2872	1087	18	connection	connection	NOUN
cblr-2872	1087	19	with	with	ADP
cblr-2872	1087	20	all	all	DET
cblr-2872	1087	21	swaps	swap	NOUN
cblr-2872	1087	22	and	and	CCONJ
cblr-2872	1087	23	futures	future	NOUN
cblr-2872	1087	24	regulations.140	regulations.140	ADJ
cblr-2872	1087	25	since	since	SCONJ
cblr-2872	1087	26	the	the	DET
cblr-2872	1087	27	passage	passage	NOUN
cblr-2872	1087	28	of	of	ADP
cblr-2872	1087	29	the	the	DET
cblr-2872	1087	30	dodd	dodd	PROPN
cblr-2872	1087	31	-	-	PUNCT
cblr-2872	1087	32	frank	frank	PROPN
cblr-2872	1087	33	act	act	PROPN
cblr-2872	1087	34	,	,	PUNCT
cblr-2872	1087	35	the	the	DET
cblr-2872	1087	36	cftc	cftc	PROPN
cblr-2872	1087	37	has	have	AUX
cblr-2872	1087	38	faced	face	VERB
cblr-2872	1087	39	claims	claim	NOUN
cblr-2872	1087	40	that	that	SCONJ
cblr-2872	1087	41	its	its	PRON
cblr-2872	1087	42	cost	cost	NOUN
cblr-2872	1087	43	-	-	PUNCT
cblr-2872	1087	44	benefit	benefit	NOUN
cblr-2872	1087	45	analyses	analysis	NOUN
cblr-2872	1087	46	are	be	AUX
cblr-2872	1087	47	insufficient	insufficient	ADJ
cblr-2872	1087	48	.	.	PUNCT
cblr-2872	1088	1	for	for	ADP
cblr-2872	1088	2	example	example	NOUN
cblr-2872	1088	3	,	,	PUNCT
cblr-2872	1088	4	bloomberg	bloomberg	PROPN
cblr-2872	1088	5	has	have	AUX
cblr-2872	1088	6	sued	sue	VERB
cblr-2872	1088	7	the	the	DET
cblr-2872	1088	8	cftc	cftc	PROPN
cblr-2872	1088	9	alleging	allege	VERB
cblr-2872	1088	10	that	that	SCONJ
cblr-2872	1088	11	it	it	PRON
cblr-2872	1088	12	has	have	AUX
cblr-2872	1088	13	not	not	PART
cblr-2872	1088	14	met	meet	VERB
cblr-2872	1088	15	its	its	PRON
cblr-2872	1088	16	statutory	statutory	ADJ
cblr-2872	1088	17	cost	cost	NOUN
cblr-2872	1088	18	-	-	PUNCT
cblr-2872	1088	19	benefit	benefit	NOUN
cblr-2872	1088	20	analysis	analysis	NOUN
cblr-2872	1088	21	obligations,14	obligations,14	NOUN
cblr-2872	1088	22	'	'	PUNCT
cblr-2872	1088	23	and	and	CCONJ
cblr-2872	1088	24	an	an	DET
cblr-2872	1088	25	internal	internal	ADJ
cblr-2872	1088	26	report	report	NOUN
cblr-2872	1088	27	from	from	ADP
cblr-2872	1088	28	the	the	DET
cblr-2872	1088	29	cftc	cftc	PROPN
cblr-2872	1088	30	's	's	PART
cblr-2872	1088	31	inspector	inspector	NOUN
cblr-2872	1088	32	general	general	NOUN
cblr-2872	1088	33	analyzing	analyze	VERB
cblr-2872	1088	34	three	three	NUM
cblr-2872	1088	35	particular	particular	ADJ
cblr-2872	1088	36	rules	rule	NOUN
cblr-2872	1088	37	stated	state	VERB
cblr-2872	1088	38	that	that	SCONJ
cblr-2872	1088	39	the	the	DET
cblr-2872	1088	40	office	office	NOUN
cblr-2872	1088	41	of	of	ADP
cblr-2872	1088	42	general	general	ADJ
cblr-2872	1088	43	counsel	counsel	NOUN
cblr-2872	1088	44	,	,	PUNCT
cblr-2872	1088	45	in	in	ADP
cblr-2872	1088	46	conducting	conduct	VERB
cblr-2872	1088	47	the	the	DET
cblr-2872	1088	48	costbenefit	costbenefit	NOUN
cblr-2872	1088	49	analyses	analysis	NOUN
cblr-2872	1088	50	,	,	PUNCT
cblr-2872	1088	51	"	"	PUNCT
cblr-2872	1088	52	appeared	appear	VERB
cblr-2872	1088	53	to	to	PART
cblr-2872	1088	54	rely	rely	VERB
cblr-2872	1088	55	heavily	heavily	ADV
cblr-2872	1088	56	on	on	ADV
cblr-2872	1088	57	prior	prior	ADV
cblr-2872	1088	58	somewhat	somewhat	ADV
cblr-2872	1088	59	stripped	strip	VERB
cblr-2872	1088	60	down	down	ADP
cblr-2872	1088	61	analysis	analysis	NOUN
cblr-2872	1088	62	"	"	PUNCT
cblr-2872	1088	63	and	and	CCONJ
cblr-2872	1088	64	that	that	SCONJ
cblr-2872	1088	65	"	"	PUNCT
cblr-2872	1088	66	similar	similar	ADJ
cblr-2872	1088	67	140	140	NUM
cblr-2872	1088	68	in	in	ADP
cblr-2872	1088	69	particular	particular	ADJ
cblr-2872	1088	70	,	,	PUNCT
cblr-2872	1088	71	section	section	NOUN
cblr-2872	1088	72	15(a	15(a	NUM
cblr-2872	1088	73	)	)	PUNCT
cblr-2872	1088	74	of	of	ADP
cblr-2872	1088	75	the	the	DET
cblr-2872	1088	76	commodity	commodity	NOUN
cblr-2872	1088	77	exchange	exchange	PROPN
cblr-2872	1088	78	act	act	NOUN
cblr-2872	1088	79	provides	provide	VERB
cblr-2872	1088	80	that	that	SCONJ
cblr-2872	1088	81	cftc	cftc	PROPN
cblr-2872	1088	82	action	action	NOUN
cblr-2872	1088	83	,	,	PUNCT
cblr-2872	1088	84	including	include	VERB
cblr-2872	1088	85	rulemaking	rulemaking	NOUN
cblr-2872	1088	86	,	,	PUNCT
cblr-2872	1088	87	must	must	AUX
cblr-2872	1088	88	take	take	VERB
cblr-2872	1088	89	into	into	ADP
cblr-2872	1088	90	account	account	NOUN
cblr-2872	1088	91	"	"	PUNCT
cblr-2872	1088	92	[	[	X
cblr-2872	1088	93	t]he	t]he	ADV
cblr-2872	1088	94	costs	cost	NOUN
cblr-2872	1088	95	and	and	CCONJ
cblr-2872	1088	96	benefits	benefit	NOUN
cblr-2872	1088	97	of	of	ADP
cblr-2872	1088	98	the	the	DET
cblr-2872	1088	99	proposed	propose	VERB
cblr-2872	1088	100	[	[	X
cblr-2872	1088	101	cftc	cftc	PROPN
cblr-2872	1088	102	]	]	PUNCT
cblr-2872	1088	103	action	action	NOUN
cblr-2872	1088	104	,	,	PUNCT
cblr-2872	1088	105	"	"	PUNCT
cblr-2872	1088	106	including	include	VERB
cblr-2872	1088	107	"	"	PUNCT
cblr-2872	1088	108	considerations	consideration	NOUN
cblr-2872	1088	109	of	of	ADP
cblr-2872	1088	110	protection	protection	NOUN
cblr-2872	1088	111	of	of	ADP
cblr-2872	1088	112	market	market	NOUN
cblr-2872	1088	113	participants	participant	NOUN
cblr-2872	1088	114	and	and	CCONJ
cblr-2872	1088	115	the	the	DET
cblr-2872	1088	116	public	public	NOUN
cblr-2872	1088	117	"	"	PUNCT
cblr-2872	1088	118	and	and	CCONJ
cblr-2872	1088	119	"	"	PUNCT
cblr-2872	1088	120	considerations	consideration	NOUN
cblr-2872	1088	121	of	of	ADP
cblr-2872	1088	122	the	the	DET
cblr-2872	1088	123	efficiency	efficiency	NOUN
cblr-2872	1088	124	,	,	PUNCT
cblr-2872	1088	125	competitiveness	competitiveness	NOUN
cblr-2872	1088	126	,	,	PUNCT
cblr-2872	1088	127	and	and	CCONJ
cblr-2872	1088	128	financial	financial	ADJ
cblr-2872	1088	129	integrity	integrity	NOUN
cblr-2872	1088	130	of	of	ADP
cblr-2872	1088	131	futures	future	NOUN
cblr-2872	1088	132	markets	market	NOUN
cblr-2872	1088	133	.	.	PUNCT
cblr-2872	1088	134	"	"	PUNCT
cblr-2872	1089	1	7	7	NUM
cblr-2872	1089	2	u.s.c	u.s.c	NOUN
cblr-2872	1089	3	.	.	PUNCT
cblr-2872	1090	1	§	§	PROPN
cblr-2872	1090	2	19(a)(2	19(a)(2	NUM
cblr-2872	1090	3	)	)	PUNCT
cblr-2872	1090	4	(	(	PUNCT
cblr-2872	1090	5	2006	2006	NUM
cblr-2872	1090	6	)	)	PUNCT
cblr-2872	1090	7	.	.	PUNCT
cblr-2872	1091	1	141	141	NUM
cblr-2872	1091	2	complaint	complaint	NOUN
cblr-2872	1091	3	at	at	ADP
cblr-2872	1091	4	29	29	NUM
cblr-2872	1091	5	,	,	PUNCT
cblr-2872	1091	6	bloomberg	bloomberg	PROPN
cblr-2872	1091	7	l.p	l.p	PROPN
cblr-2872	1091	8	.	.	PROPN
cblr-2872	1091	9	v.	v.	PROPN
cblr-2872	1091	10	cftc	cftc	PROPN
cblr-2872	1091	11	,	,	PUNCT
cblr-2872	1091	12	2013	2013	NUM
cblr-2872	1091	13	wl	wl	NOUN
cblr-2872	1091	14	2458283	2458283	NUM
cblr-2872	1091	15	(	(	PUNCT
cblr-2872	1091	16	d.d.c	d.d.c	PROPN
cblr-2872	1091	17	.	.	PROPN
cblr-2872	1091	18	june	june	PROPN
cblr-2872	1091	19	7	7	NUM
cblr-2872	1091	20	,	,	PUNCT
cblr-2872	1091	21	2013	2013	NUM
cblr-2872	1091	22	)	)	PUNCT
cblr-2872	1091	23	(	(	PUNCT
cblr-2872	1091	24	civ	civ	NOUN
cblr-2872	1091	25	.	.	PUNCT
cblr-2872	1092	1	no	no	INTJ
cblr-2872	1092	2	.	.	NOUN
cblr-2872	1093	1	13	13	NUM
cblr-2872	1093	2	-	-	SYM
cblr-2872	1093	3	523(bah	523(bah	NUM
cblr-2872	1093	4	)	)	PUNCT
cblr-2872	1093	5	)	)	PUNCT
cblr-2872	1093	6	,	,	PUNCT
cblr-2872	1093	7	2013	2013	NUM
cblr-2872	1093	8	wl	wl	NOUN
cblr-2872	1093	9	1629236	1629236	NUM
cblr-2872	1093	10	.	.	PUNCT
cblr-2872	1094	1	740	740	NUM
cblr-2872	1094	2	col	col	PROPN
cblr-2872	1094	3	umbia	umbia	PROPN
cblr-2872	1094	4	b	b	PROPN
cblr-2872	1094	5	usiness	usiness	PROPN
cblr-2872	1094	6	la	la	PROPN
cblr-2872	1094	7	w	w	PROPN
cblr-2872	1094	8	re	re	PROPN
cblr-2872	1094	9	vie	vie	PROPN
cblr-2872	1094	10	w	w	PROPN
cblr-2872	1095	1	[	[	X
cblr-2872	1095	2	vol	vol	NOUN
cblr-2872	1095	3	.	.	PUNCT
cblr-2872	1095	4	2013	2013	NUM
cblr-2872	1095	5	approaches	approach	NOUN
cblr-2872	1095	6	to	to	ADP
cblr-2872	1095	7	economic	economic	ADJ
cblr-2872	1095	8	analysis	analysis	NOUN
cblr-2872	1095	9	in	in	ADP
cblr-2872	1095	10	the	the	DET
cblr-2872	1095	11	context	context	NOUN
cblr-2872	1095	12	of	of	ADP
cblr-2872	1095	13	federal	federal	ADJ
cblr-2872	1095	14	rulemaking	rulemaking	NOUN
cblr-2872	1095	15	have	have	AUX
cblr-2872	1095	16	proved	prove	VERB
cblr-2872	1095	17	perilous	perilous	ADJ
cblr-2872	1095	18	for	for	ADP
cblr-2872	1095	19	financial	financial	ADJ
cblr-2872	1095	20	market	market	NOUN
cblr-2872	1095	21	regulators	regulator	NOUN
cblr-2872	1095	22	.	.	PUNCT
cblr-2872	1096	1	"142	"142	PROPN
cblr-2872	1096	2	as	as	SCONJ
cblr-2872	1096	3	the	the	DET
cblr-2872	1096	4	cftc	cftc	PROPN
cblr-2872	1096	5	has	have	VERB
cblr-2872	1096	6	regulatory	regulatory	ADJ
cblr-2872	1096	7	authority	authority	NOUN
cblr-2872	1096	8	over	over	ADP
cblr-2872	1096	9	both	both	CCONJ
cblr-2872	1096	10	the	the	DET
cblr-2872	1096	11	futures	future	NOUN
cblr-2872	1096	12	and	and	CCONJ
cblr-2872	1096	13	swaps	swap	NOUN
cblr-2872	1096	14	markets	market	NOUN
cblr-2872	1096	15	,	,	PUNCT
cblr-2872	1096	16	it	it	PRON
cblr-2872	1096	17	can	can	AUX
cblr-2872	1096	18	-	-	PUNCT
cblr-2872	1096	19	and	and	CCONJ
cblr-2872	1096	20	we	we	PRON
cblr-2872	1096	21	believe	believe	VERB
cblr-2872	1096	22	shouldtake	shouldtake	VERB
cblr-2872	1096	23	into	into	ADP
cblr-2872	1096	24	consideration	consideration	NOUN
cblr-2872	1096	25	the	the	DET
cblr-2872	1096	26	effect	effect	NOUN
cblr-2872	1096	27	of	of	ADP
cblr-2872	1096	28	its	its	PRON
cblr-2872	1096	29	new	new	ADJ
cblr-2872	1096	30	regulations	regulation	NOUN
cblr-2872	1096	31	on	on	ADP
cblr-2872	1096	32	the	the	DET
cblr-2872	1096	33	absolute	absolute	ADJ
cblr-2872	1096	34	and	and	CCONJ
cblr-2872	1096	35	,	,	PUNCT
cblr-2872	1096	36	perhaps	perhaps	ADV
cblr-2872	1096	37	as	as	ADP
cblr-2872	1096	38	importantly	importantly	ADV
cblr-2872	1096	39	,	,	PUNCT
cblr-2872	1096	40	relative	relative	ADJ
cblr-2872	1096	41	costs	cost	NOUN
cblr-2872	1096	42	of	of	ADP
cblr-2872	1096	43	futures	future	NOUN
cblr-2872	1096	44	and	and	CCONJ
cblr-2872	1096	45	swaps	swap	NOUN
cblr-2872	1096	46	.	.	PUNCT
cblr-2872	1097	1	indeed	indeed	ADV
cblr-2872	1097	2	,	,	PUNCT
cblr-2872	1097	3	one	one	PRON
cblr-2872	1097	4	could	could	AUX
cblr-2872	1097	5	read	read	VERB
cblr-2872	1097	6	the	the	DET
cblr-2872	1097	7	language	language	NOUN
cblr-2872	1097	8	of	of	ADP
cblr-2872	1097	9	the	the	DET
cblr-2872	1097	10	commodity	commodity	NOUN
cblr-2872	1097	11	exchange	exchange	PROPN
cblr-2872	1097	12	act	act	VERB
cblr-2872	1097	13	to	to	PART
cblr-2872	1097	14	require	require	VERB
cblr-2872	1097	15	the	the	DET
cblr-2872	1097	16	cftc	cftc	PROPN
cblr-2872	1097	17	to	to	PART
cblr-2872	1097	18	undertake	undertake	VERB
cblr-2872	1097	19	such	such	ADJ
cblr-2872	1097	20	considerations	consideration	NOUN
cblr-2872	1097	21	,	,	PUNCT
cblr-2872	1097	22	as	as	SCONJ
cblr-2872	1097	23	the	the	DET
cblr-2872	1097	24	relative	relative	ADJ
cblr-2872	1097	25	costs	cost	NOUN
cblr-2872	1097	26	of	of	ADP
cblr-2872	1097	27	futures	future	NOUN
cblr-2872	1097	28	versus	versus	ADP
cblr-2872	1097	29	swaps	swap	NOUN
cblr-2872	1097	30	most	most	ADV
cblr-2872	1097	31	certainly	certainly	ADV
cblr-2872	1097	32	affects	affect	VERB
cblr-2872	1097	33	the	the	DET
cblr-2872	1097	34	efficiency	efficiency	NOUN
cblr-2872	1097	35	and	and	CCONJ
cblr-2872	1097	36	competitiveness	competitiveness	NOUN
cblr-2872	1097	37	of	of	ADP
cblr-2872	1097	38	both	both	CCONJ
cblr-2872	1097	39	the	the	DET
cblr-2872	1097	40	futures	future	NOUN
cblr-2872	1097	41	and	and	CCONJ
cblr-2872	1097	42	swap	swap	NOUN
cblr-2872	1097	43	markets	market	NOUN
cblr-2872	1097	44	.	.	PUNCT
cblr-2872	1098	1	moreover	moreover	ADV
cblr-2872	1098	2	,	,	PUNCT
cblr-2872	1098	3	the	the	DET
cblr-2872	1098	4	relative	relative	ADJ
cblr-2872	1098	5	costs	cost	NOUN
cblr-2872	1098	6	(	(	PUNCT
cblr-2872	1098	7	and	and	CCONJ
cblr-2872	1098	8	benefits	benefit	NOUN
cblr-2872	1098	9	)	)	PUNCT
cblr-2872	1098	10	of	of	ADP
cblr-2872	1098	11	consumer	consumer	NOUN
cblr-2872	1098	12	protection	protection	NOUN
cblr-2872	1098	13	provisions	provision	NOUN
cblr-2872	1098	14	in	in	ADP
cblr-2872	1098	15	the	the	DET
cblr-2872	1098	16	swap	swap	NOUN
cblr-2872	1098	17	versus	versus	ADP
cblr-2872	1098	18	futures	future	NOUN
cblr-2872	1098	19	markets	market	NOUN
cblr-2872	1098	20	are	be	AUX
cblr-2872	1098	21	likely	likely	ADJ
cblr-2872	1098	22	to	to	PART
cblr-2872	1098	23	underlie	underlie	VERB
cblr-2872	1098	24	decisions	decision	NOUN
cblr-2872	1098	25	made	make	VERB
cblr-2872	1098	26	by	by	ADP
cblr-2872	1098	27	market	market	NOUN
cblr-2872	1098	28	participants	participant	NOUN
cblr-2872	1098	29	in	in	ADP
cblr-2872	1098	30	deciding	decide	VERB
cblr-2872	1098	31	between	between	ADP
cblr-2872	1098	32	these	these	DET
cblr-2872	1098	33	markets	market	NOUN
cblr-2872	1098	34	.	.	PUNCT
cblr-2872	1099	1	we	we	PRON
cblr-2872	1099	2	fully	fully	ADV
cblr-2872	1099	3	acknowledge	acknowledge	VERB
cblr-2872	1099	4	that	that	SCONJ
cblr-2872	1099	5	the	the	DET
cblr-2872	1099	6	cftc	cftc	PROPN
cblr-2872	1099	7	faces	face	VERB
cblr-2872	1099	8	a	a	DET
cblr-2872	1099	9	difficult	difficult	ADJ
cblr-2872	1099	10	task	task	NOUN
cblr-2872	1099	11	in	in	ADP
cblr-2872	1099	12	engaging	engage	VERB
cblr-2872	1099	13	in	in	ADP
cblr-2872	1099	14	cost	cost	NOUN
cblr-2872	1099	15	-	-	PUNCT
cblr-2872	1099	16	benefit	benefit	NOUN
cblr-2872	1099	17	analyses	analysis	NOUN
cblr-2872	1099	18	with	with	ADP
cblr-2872	1099	19	respect	respect	NOUN
cblr-2872	1099	20	to	to	ADP
cblr-2872	1099	21	swaprelated	swaprelate	VERB
cblr-2872	1099	22	rulemaking	rulemaking	NOUN
cblr-2872	1099	23	.	.	PUNCT
cblr-2872	1100	1	143	143	NUM
cblr-2872	1100	2	among	among	ADP
cblr-2872	1100	3	other	other	ADJ
cblr-2872	1100	4	reasons	reason	NOUN
cblr-2872	1100	5	,	,	PUNCT
cblr-2872	1100	6	there	there	PRON
cblr-2872	1100	7	is	be	VERB
cblr-2872	1100	8	relatively	relatively	ADV
cblr-2872	1100	9	little	little	ADJ
cblr-2872	1100	10	data	datum	NOUN
cblr-2872	1100	11	available	available	ADJ
cblr-2872	1100	12	about	about	ADP
cblr-2872	1100	13	the	the	DET
cblr-2872	1100	14	swap	swap	NOUN
cblr-2872	1100	15	markets	market	NOUN
cblr-2872	1100	16	on	on	ADP
cblr-2872	1100	17	which	which	PRON
cblr-2872	1100	18	to	to	PART
cblr-2872	1100	19	base	base	VERB
cblr-2872	1100	20	a	a	DET
cblr-2872	1100	21	rigorous	rigorous	ADJ
cblr-2872	1100	22	cost	cost	NOUN
cblr-2872	1100	23	-	-	PUNCT
cblr-2872	1100	24	benefit	benefit	NOUN
cblr-2872	1100	25	analysis	analysis	NOUN
cblr-2872	1100	26	.	.	PUNCT
cblr-2872	1101	1	in	in	ADP
cblr-2872	1101	2	this	this	DET
cblr-2872	1101	3	respect	respect	NOUN
cblr-2872	1101	4	,	,	PUNCT
cblr-2872	1101	5	we	we	PRON
cblr-2872	1101	6	submit	submit	VERB
cblr-2872	1101	7	that	that	SCONJ
cblr-2872	1101	8	assessing	assess	VERB
cblr-2872	1101	9	relative	relative	ADJ
cblr-2872	1101	10	costs	cost	NOUN
cblr-2872	1101	11	and	and	CCONJ
cblr-2872	1101	12	benefits	benefit	NOUN
cblr-2872	1101	13	of	of	ADP
cblr-2872	1101	14	new	new	ADJ
cblr-2872	1101	15	swap	swap	NOUN
cblr-2872	1101	16	or	or	CCONJ
cblr-2872	1101	17	futures	future	NOUN
cblr-2872	1101	18	regulations	regulation	NOUN
cblr-2872	1101	19	may	may	AUX
cblr-2872	1101	20	,	,	PUNCT
cblr-2872	1101	21	at	at	ADP
cblr-2872	1101	22	least	least	ADJ
cblr-2872	1101	23	in	in	ADP
cblr-2872	1101	24	some	some	DET
cblr-2872	1101	25	circumstances	circumstance	NOUN
cblr-2872	1101	26	,	,	PUNCT
cblr-2872	1101	27	be	be	AUX
cblr-2872	1101	28	more	more	ADV
cblr-2872	1101	29	straightforward	straightforward	ADJ
cblr-2872	1101	30	than	than	ADP
cblr-2872	1101	31	assessing	assess	VERB
cblr-2872	1101	32	absolute	absolute	ADJ
cblr-2872	1101	33	costs	cost	NOUN
cblr-2872	1101	34	.	.	PUNCT
cblr-2872	1102	1	such	such	DET
cblr-2872	1102	2	an	an	DET
cblr-2872	1102	3	assessment	assessment	NOUN
cblr-2872	1102	4	would	would	AUX
cblr-2872	1102	5	also	also	ADV
cblr-2872	1102	6	be	be	AUX
cblr-2872	1102	7	informative	informative	ADJ
cblr-2872	1102	8	to	to	ADP
cblr-2872	1102	9	market	market	NOUN
cblr-2872	1102	10	participants	participant	NOUN
cblr-2872	1102	11	.	.	PUNCT
cblr-2872	1103	1	the	the	DET
cblr-2872	1103	2	cftc	cftc	PROPN
cblr-2872	1103	3	has	have	VERB
cblr-2872	1103	4	significantly	significantly	ADV
cblr-2872	1103	5	more	more	ADJ
cblr-2872	1103	6	data	datum	NOUN
cblr-2872	1103	7	about	about	ADP
cblr-2872	1103	8	the	the	DET
cblr-2872	1103	9	futures	future	NOUN
cblr-2872	1103	10	markets	market	NOUN
cblr-2872	1103	11	than	than	ADP
cblr-2872	1103	12	the	the	DET
cblr-2872	1103	13	swap	swap	NOUN
cblr-2872	1103	14	markets	market	NOUN
cblr-2872	1103	15	;	;	PUNCT
cblr-2872	1103	16	thus	thus	ADV
cblr-2872	1103	17	,	,	PUNCT
cblr-2872	1103	18	setting	set	VERB
cblr-2872	1103	19	the	the	DET
cblr-2872	1103	20	baseline	baseline	NOUN
cblr-2872	1103	21	for	for	ADP
cblr-2872	1103	22	an	an	DET
cblr-2872	1103	23	economic	economic	ADJ
cblr-2872	1103	24	analysis	analysis	NOUN
cblr-2872	1103	25	with	with	ADP
cblr-2872	1103	26	futures	future	NOUN
cblr-2872	1103	27	data	datum	NOUN
cblr-2872	1103	28	may	may	AUX
cblr-2872	1103	29	be	be	AUX
cblr-2872	1103	30	easier	easy	ADJ
cblr-2872	1103	31	.	.	PUNCT
cblr-2872	1104	1	even	even	ADV
cblr-2872	1104	2	simple	simple	ADJ
cblr-2872	1104	3	142	142	NUM
cblr-2872	1104	4	office	office	NOUN
cblr-2872	1104	5	of	of	ADP
cblr-2872	1104	6	the	the	DET
cblr-2872	1104	7	inspector	inspector	NOUN
cblr-2872	1104	8	gen	gen	PROPN
cblr-2872	1104	9	.	.	PROPN
cblr-2872	1104	10	,	,	PUNCT
cblr-2872	1104	11	cftc	cftc	PROPN
cblr-2872	1104	12	,	,	PUNCT
cblr-2872	1104	13	a	a	DET
cblr-2872	1104	14	review	review	NOUN
cblr-2872	1104	15	of	of	ADP
cblr-2872	1104	16	cost	cost	NOUN
cblr-2872	1104	17	-	-	PUNCT
cblr-2872	1104	18	benefit	benefit	NOUN
cblr-2872	1104	19	analyses	analysis	NOUN
cblr-2872	1104	20	performed	perform	VERB
cblr-2872	1104	21	by	by	ADP
cblr-2872	1104	22	the	the	DET
cblr-2872	1104	23	commodity	commodity	NOUN
cblr-2872	1104	24	futures	futures	PROPN
cblr-2872	1104	25	trading	trading	NOUN
cblr-2872	1104	26	commission	commission	NOUN
cblr-2872	1104	27	in	in	ADP
cblr-2872	1104	28	connection	connection	NOUN
cblr-2872	1104	29	with	with	ADP
cblr-2872	1104	30	rulemakings	rulemaking	NOUN
cblr-2872	1104	31	undertaken	undertake	VERB
cblr-2872	1104	32	pursuant	pursuant	ADV
cblr-2872	1104	33	to	to	ADP
cblr-2872	1104	34	the	the	DET
cblr-2872	1104	35	doddfrank	doddfrank	PROPN
cblr-2872	1104	36	act	act	PROPN
cblr-2872	1104	37	ii	ii	PROPN
cblr-2872	1104	38	(	(	PUNCT
cblr-2872	1104	39	june	june	PROPN
cblr-2872	1104	40	13	13	NUM
cblr-2872	1104	41	,	,	PUNCT
cblr-2872	1104	42	2011	2011	NUM
cblr-2872	1104	43	)	)	PUNCT
cblr-2872	1104	44	,	,	PUNCT
cblr-2872	1104	45	available	available	ADJ
cblr-2872	1104	46	at	at	ADP
cblr-2872	1104	47	http://www.cftc.gov/ucm/groups/public/@aboutcftc/documents/file/oig	http://www.cftc.gov/ucm/groups/public/@aboutcftc/documents/file/oig	PROPN
cblr-2872	1104	48	investigation_0613	investigation_0613	PROPN
cblr-2872	1104	49	11	11	NUM
cblr-2872	1104	50	.pdf	.pdf	NOUN
cblr-2872	1104	51	.	.	PUNCT
cblr-2872	1105	1	143	143	NUM
cblr-2872	1105	2	for	for	ADP
cblr-2872	1105	3	a	a	DET
cblr-2872	1105	4	discussion	discussion	NOUN
cblr-2872	1105	5	of	of	ADP
cblr-2872	1105	6	the	the	DET
cblr-2872	1105	7	difficulties	difficulty	NOUN
cblr-2872	1105	8	of	of	ADP
cblr-2872	1105	9	assessing	assess	VERB
cblr-2872	1105	10	the	the	DET
cblr-2872	1105	11	costs	cost	NOUN
cblr-2872	1105	12	and	and	CCONJ
cblr-2872	1105	13	benefits	benefit	NOUN
cblr-2872	1105	14	of	of	ADP
cblr-2872	1105	15	financial	financial	ADJ
cblr-2872	1105	16	regulation	regulation	NOUN
cblr-2872	1105	17	,	,	PUNCT
cblr-2872	1105	18	see	see	VERB
cblr-2872	1105	19	howell	howell	PROPN
cblr-2872	1105	20	e.	e.	PROPN
cblr-2872	1105	21	jackson	jackson	PROPN
cblr-2872	1105	22	,	,	PUNCT
cblr-2872	1105	23	variation	variation	NOUN
cblr-2872	1105	24	in	in	ADP
cblr-2872	1105	25	the	the	DET
cblr-2872	1105	26	intensity	intensity	NOUN
cblr-2872	1105	27	of	of	ADP
cblr-2872	1105	28	financial	financial	ADJ
cblr-2872	1105	29	regulation	regulation	NOUN
cblr-2872	1105	30	:	:	PUNCT
cblr-2872	1105	31	preliminary	preliminary	ADJ
cblr-2872	1105	32	evidence	evidence	NOUN
cblr-2872	1105	33	and	and	CCONJ
cblr-2872	1105	34	potential	potential	ADJ
cblr-2872	1105	35	implications	implication	NOUN
cblr-2872	1105	36	,	,	PUNCT
cblr-2872	1105	37	24	24	NUM
cblr-2872	1105	38	yale	yale	PROPN
cblr-2872	1105	39	j.	j.	PROPN
cblr-2872	1105	40	on	on	ADP
cblr-2872	1105	41	reg	reg	PROPN
cblr-2872	1105	42	.	.	PROPN
cblr-2872	1105	43	253	253	NUM
cblr-2872	1105	44	,	,	PUNCT
cblr-2872	1105	45	257	257	NUM
cblr-2872	1105	46	-	-	SYM
cblr-2872	1105	47	63	63	NUM
cblr-2872	1105	48	(	(	PUNCT
cblr-2872	1105	49	2007	2007	NUM
cblr-2872	1105	50	)	)	PUNCT
cblr-2872	1105	51	.	.	PUNCT
cblr-2872	1106	1	regulation	regulation	NOUN
cblr-2872	1106	2	through	through	ADP
cblr-2872	1106	3	substitution	substitution	NOUN
cblr-2872	1106	4	741no	741no	NOUN
cblr-2872	1106	5	.	.	PUNCT
cblr-2872	1107	1	3:667	3:667	NUM
cblr-2872	1107	2	]	]	X
cblr-2872	1107	3	columbia	columbia	PROPN
cblr-2872	1107	4	business	business	PROPN
cblr-2872	1107	5	law	law	PROPN
cblr-2872	1107	6	review	review	NOUN
cblr-2872	1107	7	models	model	NOUN
cblr-2872	1107	8	,	,	PUNCT
cblr-2872	1107	9	such	such	ADJ
cblr-2872	1107	10	as	as	ADP
cblr-2872	1107	11	the	the	DET
cblr-2872	1107	12	one	one	NOUN
cblr-2872	1107	13	we	we	PRON
cblr-2872	1107	14	have	have	AUX
cblr-2872	1107	15	developed	develop	VERB
cblr-2872	1107	16	in	in	ADP
cblr-2872	1107	17	this	this	DET
cblr-2872	1107	18	article	article	NOUN
cblr-2872	1107	19	,	,	PUNCT
cblr-2872	1107	20	can	can	AUX
cblr-2872	1107	21	provide	provide	VERB
cblr-2872	1107	22	some	some	DET
cblr-2872	1107	23	instruction	instruction	NOUN
cblr-2872	1107	24	on	on	ADP
cblr-2872	1107	25	the	the	DET
cblr-2872	1107	26	likely	likely	ADJ
cblr-2872	1107	27	impacts	impact	NOUN
cblr-2872	1107	28	of	of	ADP
cblr-2872	1107	29	new	new	ADJ
cblr-2872	1107	30	regulation	regulation	NOUN
cblr-2872	1107	31	.	.	PUNCT
cblr-2872	1108	1	in	in	ADP
cblr-2872	1108	2	sum	sum	NOUN
cblr-2872	1108	3	,	,	PUNCT
cblr-2872	1108	4	the	the	DET
cblr-2872	1108	5	recent	recent	ADJ
cblr-2872	1108	6	trend	trend	NOUN
cblr-2872	1108	7	towards	towards	ADP
cblr-2872	1108	8	futurization	futurization	NOUN
cblr-2872	1108	9	of	of	ADP
cblr-2872	1108	10	swaps	swap	NOUN
cblr-2872	1108	11	is	be	AUX
cblr-2872	1108	12	a	a	DET
cblr-2872	1108	13	predictable	predictable	ADJ
cblr-2872	1108	14	and	and	CCONJ
cblr-2872	1108	15	understandable	understandable	ADJ
cblr-2872	1108	16	market	market	NOUN
cblr-2872	1108	17	reaction	reaction	NOUN
cblr-2872	1108	18	to	to	ADP
cblr-2872	1108	19	an	an	DET
cblr-2872	1108	20	increase	increase	NOUN
cblr-2872	1108	21	in	in	ADP
cblr-2872	1108	22	absolute	absolute	ADJ
cblr-2872	1108	23	cost	cost	NOUN
cblr-2872	1108	24	of	of	ADP
cblr-2872	1108	25	one	one	NUM
cblr-2872	1108	26	good	good	ADJ
cblr-2872	1108	27	(	(	PUNCT
cblr-2872	1108	28	swaps	swap	NOUN
cblr-2872	1108	29	)	)	PUNCT
cblr-2872	1108	30	together	together	ADV
cblr-2872	1108	31	with	with	ADP
cblr-2872	1108	32	a	a	DET
cblr-2872	1108	33	smaller	small	ADJ
cblr-2872	1108	34	,	,	PUNCT
cblr-2872	1108	35	if	if	SCONJ
cblr-2872	1108	36	any	any	PRON
cblr-2872	1108	37	,	,	PUNCT
cblr-2872	1108	38	increase	increase	NOUN
cblr-2872	1108	39	in	in	ADP
cblr-2872	1108	40	the	the	DET
cblr-2872	1108	41	cost	cost	NOUN
cblr-2872	1108	42	of	of	ADP
cblr-2872	1108	43	a	a	DET
cblr-2872	1108	44	substitute	substitute	ADJ
cblr-2872	1108	45	good	good	NOUN
cblr-2872	1108	46	(	(	PUNCT
cblr-2872	1108	47	futures	future	NOUN
cblr-2872	1108	48	)	)	PUNCT
cblr-2872	1108	49	.	.	PUNCT
cblr-2872	1109	1	a	a	DET
cblr-2872	1109	2	similar	similar	ADJ
cblr-2872	1109	3	substitution	substitution	NOUN
cblr-2872	1109	4	effect	effect	NOUN
cblr-2872	1109	5	is	be	AUX
cblr-2872	1109	6	present	present	ADJ
cblr-2872	1109	7	whenever	whenever	SCONJ
cblr-2872	1109	8	a	a	DET
cblr-2872	1109	9	new	new	ADJ
cblr-2872	1109	10	regulation	regulation	NOUN
cblr-2872	1109	11	increases	increase	VERB
cblr-2872	1109	12	the	the	DET
cblr-2872	1109	13	cost	cost	NOUN
cblr-2872	1109	14	of	of	ADP
cblr-2872	1109	15	transacting	transact	VERB
cblr-2872	1109	16	in	in	ADP
cblr-2872	1109	17	one	one	NUM
cblr-2872	1109	18	financial	financial	ADJ
cblr-2872	1109	19	product	product	NOUN
cblr-2872	1109	20	overseen	oversee	VERB
cblr-2872	1109	21	by	by	ADP
cblr-2872	1109	22	a	a	DET
cblr-2872	1109	23	regulator	regulator	NOUN
cblr-2872	1109	24	relative	relative	ADJ
cblr-2872	1109	25	to	to	ADP
cblr-2872	1109	26	another	another	DET
cblr-2872	1109	27	financial	financial	ADJ
cblr-2872	1109	28	product	product	NOUN
cblr-2872	1109	29	overseen	oversee	VERB
cblr-2872	1109	30	by	by	ADP
cblr-2872	1109	31	the	the	DET
cblr-2872	1109	32	same	same	ADJ
cblr-2872	1109	33	regulator	regulator	NOUN
cblr-2872	1109	34	,	,	PUNCT
cblr-2872	1109	35	provided	provide	VERB
cblr-2872	1109	36	that	that	SCONJ
cblr-2872	1109	37	the	the	DET
cblr-2872	1109	38	two	two	NUM
cblr-2872	1109	39	products	product	NOUN
cblr-2872	1109	40	can	can	AUX
cblr-2872	1109	41	produce	produce	VERB
cblr-2872	1109	42	economically	economically	ADV
cblr-2872	1109	43	similar	similar	ADJ
cblr-2872	1109	44	results	result	NOUN
cblr-2872	1109	45	.	.	PUNCT
cblr-2872	1110	1	by	by	ADP
cblr-2872	1110	2	developing	develop	VERB
cblr-2872	1110	3	a	a	DET
cblr-2872	1110	4	simple	simple	ADJ
cblr-2872	1110	5	economic	economic	ADJ
cblr-2872	1110	6	model	model	NOUN
cblr-2872	1110	7	of	of	ADP
cblr-2872	1110	8	regulation	regulation	NOUN
cblr-2872	1110	9	through	through	ADP
cblr-2872	1110	10	substitution	substitution	NOUN
cblr-2872	1110	11	,	,	PUNCT
cblr-2872	1110	12	this	this	DET
cblr-2872	1110	13	article	article	NOUN
cblr-2872	1110	14	seeks	seek	VERB
cblr-2872	1110	15	to	to	PART
cblr-2872	1110	16	explain	explain	VERB
cblr-2872	1110	17	the	the	DET
cblr-2872	1110	18	futurization	futurization	NOUN
cblr-2872	1110	19	trend	trend	NOUN
cblr-2872	1110	20	as	as	ADP
cblr-2872	1110	21	a	a	DET
cblr-2872	1110	22	function	function	NOUN
cblr-2872	1110	23	of	of	ADP
cblr-2872	1110	24	such	such	ADJ
cblr-2872	1110	25	changes	change	NOUN
cblr-2872	1110	26	in	in	ADP
cblr-2872	1110	27	relative	relative	ADJ
cblr-2872	1110	28	costs	cost	NOUN
cblr-2872	1110	29	.	.	PUNCT
cblr-2872	1111	1	we	we	PRON
cblr-2872	1111	2	believe	believe	VERB
cblr-2872	1111	3	that	that	SCONJ
cblr-2872	1111	4	the	the	DET
cblr-2872	1111	5	cftc	cftc	PROPN
cblr-2872	1111	6	,	,	PUNCT
cblr-2872	1111	7	and	and	CCONJ
cblr-2872	1111	8	other	other	ADJ
cblr-2872	1111	9	similarly	similarly	ADV
cblr-2872	1111	10	situated	situate	VERB
cblr-2872	1111	11	regulators	regulator	NOUN
cblr-2872	1111	12	,	,	PUNCT
cblr-2872	1111	13	should	should	AUX
cblr-2872	1111	14	consider	consider	VERB
cblr-2872	1111	15	applying	apply	VERB
cblr-2872	1111	16	the	the	DET
cblr-2872	1111	17	regulation	regulation	NOUN
cblr-2872	1111	18	through	through	ADP
cblr-2872	1111	19	substitution	substitution	NOUN
cblr-2872	1111	20	analysis	analysis	NOUN
cblr-2872	1111	21	to	to	PART
cblr-2872	1111	22	better	well	ADV
cblr-2872	1111	23	achieve	achieve	VERB
cblr-2872	1111	24	their	their	PRON
cblr-2872	1111	25	policy	policy	NOUN
cblr-2872	1111	26	goals	goal	NOUN
cblr-2872	1111	27	and	and	CCONJ
cblr-2872	1111	28	to	to	PART
cblr-2872	1111	29	better	well	ADV
cblr-2872	1111	30	assess	assess	VERB
cblr-2872	1111	31	the	the	DET
cblr-2872	1111	32	costs	cost	NOUN
cblr-2872	1111	33	and	and	CCONJ
cblr-2872	1111	34	benefits	benefit	NOUN
cblr-2872	1111	35	of	of	ADP
cblr-2872	1111	36	proposed	propose	VERB
cblr-2872	1111	37	regulations	regulation	NOUN
cblr-2872	1111	38	.	.	PUNCT
cblr-2872	1112	1	742	742	NUM
cblr-2872	1113	1	[	[	X
cblr-2872	1113	2	vol	vol	NOUN
cblr-2872	1113	3	.	.	PUNCT
cblr-2872	1113	4	2013	2013	NUM