MetLife Comment Letter to the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CTFC) regarding the study of stable value contracts required by Section 719(d) of the Dodd-Frank Act
Dear Mr. Stawick and Ms. Murphy:
MetLife welcomes and appreciates the opportunity to respond to the Request for Comment of the Commodity Futures Trading Commission and the Securities and Exchange Commission (the “Commissions”) regarding the study of stable value contracts required by Section 719(d) of the Dodd-Frank Act.
MetLife is one of the nation’s leading issuers of stable value contracts (“SVCs”), providing stable value guarantees for over $32 billion in participant defined contribution plan assets1. As issuers of each of the major primary forms of SVCs, we believe we have a uniquely balanced and comprehensive perspective to offer to the Commissions about the role and performance of stable value, which we believe may contribute to the Commissions’ study.
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