The long arm of Dodd Frank is finally reaching out to impact your hedge program. Hedge Trackers, Helen Kane, partnered with the law firm Holland & Knight to address the current DF Protocol requirements (information exchanges and contractual requirements) that will keep you trading with your counterparty past January 1, 2013. Our guest speaker Eileen Bannon, Partner at Holland & Knight in New York, focused on how the protocol impacts end-users specifically. She also addressed the pros and cons, as well as your options in making end-user elections under the guidance. End-user exemption to mandatory clearing of swaps; what end-users qualify for the exemption and how to go about claiming the exemption was also outlined.