Summary of Reporting Party determination hierarchy under the CFTC’s reporting requirements and the industry agreed best practice approach to parties with the same hierarchical status. Previously published on May 30, 2014, this version reflects the industry agreed approach to reporting party determination for prime brokerage trades and updates the event type matrix to reflect when reporting party is reassessed.
This document was further updated in early 2018 to reflect industry working group agreement that “cancellable swaps” are categorized in Rates as ‘exotic’ for reporting, to help improve consistency of RCP determination for cancellable swaps.
Documents (4) for CFTC Swap Transaction Reporting Party Requirements
- CFTC Reporting Party Requirements updated Mar 12 2018 corrected public(pdf) will open in a new tab or window
- CFTC Reporting Party Requirements updated Mar 12 2018 public(pdf) will open in a new tab or window
- cftc-reporting-party-requirements-updated-apr-2-2015-finaldraft-clean(pdf) will open in a new tab or window
- cftc-reporting-party-requirements-updated-may-30-2014-v3-clean(pdf) will open in a new tab or window
Latest
ISDA Analysis to ESMA on Reporting Costs
ISDA has submitted to the European Securities and Markets Authority (ESMA) an analysis of the costs of regulatory reporting, which proposes where savings can be made most effectively. This document supplements the recent response submitted by ISDA, the Association for...
Episode 52: Innovative Thinking
The pace of change in derivatives markets shows no sign of letting up, with rapid evolution across trading, regulation and technology. Industry veteran Don Wilson, founder of trading firm DRW, talks to The Swap about some of the biggest trends....
ISDA Clearing Model Comparison
On February 1, 2024, ISDA published a comparison of available US Treasury (UST) clearing models, as well as models for clearing repos at other central counterparties (CCPs) globally and models for clearing derivatives. This comparison is intended to help market...
FRTB Impact on Correlation Trading
The capitalization of the correlation trading portfolio (CTP) under the Fundamental Review of the Trading Book will have an adverse economic impact for users of these instruments. In particular, there is a lack of clarity and consistency in the application...