The Clearing Connectivity Standard (CCS) is an industry standard that helps improve over-the-counter (OTC) derivatives reporting and communication for asset managers, futures commission merchants (FCMs), central counterparties (CCPs) and custodians. To further the development of this work, ISDA will work with Sapient Global Markets, which initially developed the standard in collaboration with the largest custodian banks and leading FCMs, to provide program management, governance and industry oversight.

CCS will simplify integration with data systems and automate reconciliation in order to improve the communication and reporting of cleared OTC derivatives trades.