CFTC Requirement: Federal Entity Indicator

The amended CFTC Swap Data Reporting Rules require reporting of Federal Entity Indicator (#23 Counterparty 1/ #24 Counterparty 2). The ISDA Data & Reporting U.S. Compliance industry working group formed two alternatives of standardized language that may be used for any outreach. Reporting parties can elect to use either the CFTC Federal Entity Indicator – Negative Affirmation or Federal Entity Indicator – Affirmative Election provided at their discretion.

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Joint Response to FCA and HMT Consultations

On January 16, ISDA and UK Finance responded to both the consultation on streamlining the UK European Market Infrastructure Regulation (UK EMIR) intragroup regime by the Financial Conduct Authority’s (FCA) and the draft statutory instrument from His Majesty’s Treasury (HMT)....

Key Trends in OTC Derivatives Market H1 2025

The latest data from the Bank for International Settlements (BIS) over-the-counter (OTC) derivatives statistics shows an increase in notional outstanding of OTC derivatives during the first half of 2025 compared to the first half of 2024. Notional outstanding rose across...

Credit Derivatives Trading Activity Q3 2025

This report analyzes credit derivatives trading activity reported in Europe. The analysis shows European credit derivatives transactions based on the location of reporting venues (EU versus UK) and product type. The report also compares European-reported credit derivatives trading activity to...