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* Measures include protecting customer collateral, Volcker rule.
It does not protect against two other types: operational risk where an intermediary improperly segregates cleared swaps customer collateral, or investment risk where an intermediary experiences losses on its investment of cleared swaps customer collateral, which it cannot cover using its capital, he said.
The rule was called for in the Dodd-Frank financial oversight law, but efforts to boost protection and segregation of customer collateral have gained momentum following the collapse of futures brokerage MF Global in October.
The rule to protect swap traders' collateral, close to what the CFTC proposed in April, allows brokers to pool customer collateral but would prevent them from commingling the funds with their own capital.
WASHINGTON, Jan 11 (Reuters) - The U.S. futures regulator on Wednesday adopted new protections for customer collateral posted in swap trades, and said it plans a broader look into client safeguards, as the search continues for hundreds of millions of dollars in missing MF Global customer money.
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The company ran headlong into the crisis when customer demands for collateral climbed from $5 million in late June to $438 million in mid-August.
The trustee and the CME Group, the exchange where MF Global conducted most of its business, have already returned the majority of collateral that customers had posted to support trading positions.
Of that total, $818 million was for the reduced value of companies Boeing bought and $159 million was for write-downs in its finance portfolio, reflecting the decline in airline customers' credit ratings, jet collateral values and a steep fall in aircraft lease rates.
Merrill is keeping a close eye on the collateral its customers take against loans, he says.
The startup essentially offers short-term loans based on the collateral of customers' personal valuables (like that PlayStation 2 or early Zune you still have lying around somewhere).
Before, the process of cold calling customers, positioning products, creating collateral, taking a lead from first meeting to close, carrying a quota, closing deals and building meaningful relationships with customers — in short all of the pieces that inform one's understanding of its target audience were incredibly difficult to quantify and manage.
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