Trade reporting pressure increases as CFTC deadlines loom

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With just three weeks to go until trades in credit and interest rate derivatives must be reported to a trade repository under the US Dodd-Frank Act – with foreign exchange derivatives to be reported three months later – pressure is intensifying on market participants to make sure they have all the correct processes in place to ensure effective and legal reporting of over-the-counter derivatives.

The Commodity Futures Trading Commission (CFTC) last week granted provisional approval to the Deposit