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)

Moving Regulatory Reporting up a Gear with AI

The aim of derivatives regulatory reporting is to improve transparency so regulators can monitor market activity and identify emerging risks. Although reporting rules and subsequent updates have resulted in improvements, they haven’t achieved fully consistent outcomes, leading to implementation and...

ISDA Publishes FpML Version 5.14

ISDA has published a new version of its Financial products Markup Language (FpML), a widely used open-source standard for the electronic dealing and processing of derivatives transactions. The latest iteration – version 5.14 – incorporates several key modifications and updates...