SDRs want to put onus on counterparties to check swap data

Dan DeFrancesco
25 Sep 2017

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

As with tango, it takes two to compile US swap data: a swap data repository on the one hand and one of the counterparties to the trade on the other. But who should lead when it comes to checking the accuracy of the data? SDRs are clear it should not be them.

Current rules, under review by the Commodity Futures Trading Commission (CFTC), require only one counterparty – often a swap dealer – to submit the details of a swap transaction to an SDR, and the SDR must then in most cases confirm those

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]