No-Action Relief Request: Clearing-created Swaps ("firm" or "forced" trades)

No-action relief request for SDs/MSPs who do not undertake reporting responsibilities with respect to Clearing-created Swaps under Rule 45, until such time as the Commission promulgates a rule specifically treating reporting responsibility with respect to Clearing-Created Swaps. One example of such a swap would be a “firm” or “forced” trade – a cleared trade entered into between a DCO and a clearing member pursuant to the testing that a DCO is required to do of the actionable prices clearing members must provide to the DCO as the basis for the DCO’s daily market pricing.

Documents (1) for No-Action Relief Request: Clearing-created Swaps ("firm" or "forced" trades)

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...

Refreshing the FX Definitions

A lot has changed in the FX derivatives market since 1998, when the last set of standard definitions for FX transactions were published. Trading volumes have grown substantially, and average daily turnover has risen by six times. Market practices have...

ISDA & EMTA Publish New FX Definitions

ISDA and EMTA, Inc., the trade association for emerging markets, have jointly published a revised set of standard definitions for foreign exchange (FX) derivatives transactions, which update key market practices and consolidate various FX and FX-related product templates and provisions...