This note outlines the best practice asset class tie-breaker logic, developed by ISDA working groups and adopted by the industry, to determine the reporting counterparty (“RP”) and/or the Unique Trade Identifier generating party (“UTI GP”) under jurisdictional or global trade reporting requirements.
This document was updated in 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 (2) for ISDA Asset Class Tie-breaker Logic
Latest
Safe, Efficient Markets for SFTs
Securities financing transactions (SFTs) – including repurchase agreements (repo), securities lending, buy/sell backs and margin lending – are foundational to the functioning of modern financial markets. They support the day-to-day distribution of liquidity, enable collateral to move efficiently across cash...
ISDA, GFXD, UK Finance, LMA Respond to HMT on UK BMR Reform
On March 11, ISDA, the Global Foreign Exchange Division of the Global Financial Markets Association, UK Finance and the Loan Market Association responded jointly to a consultation from His Majesty’s Treasury on the future regulatory regime for benchmarks and benchmark...
ISDA Recommendations to Simplify EU Regulation
On March 9, ISDA submitted a paper to the European Commission setting out focused proposals to improve the functioning of the EU regulatory framework for derivatives. The paper comprises eight targeted recommendations to simplify selected Level 1 provisions in a...
New Selection Process for Standard Reference Obligations (SROs) FAQs
This Frequently Asked Questions (“FAQ”) document gives information about the new selection process for Standard Reference Obligations (SROs). Note that ISDA may update these FAQs on occasion. Please check back periodically for new versions.