Is CFTC single sided reporting?
The CFTC has a single- sided reporting party concept, i.e., reporting party of the trade will report to DTCC. DTCC will send acknowledge (ACK) messages to the reporting/submitting party of the trade and negative acknowledgement (NACK) messages that were incorrectly received.
What is non commercial net position?
A non-commercial trader is someone who has no direct business interests in the commodity that they are trading. Instead, a non-commercial trader takes a speculative market position only to profit from price moves in the market.
What does clearing a swap mean?
The term “cleared swap” means any swap that is, directly or indirectly, submitted to and cleared by a derivatives clearing organization registered with the Commission.
What is a swap data repository?
Swap data repositories (“SDRs”) are new entities created by the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) in order to provide a central facility for swap data reporting and recordkeeping.
What are primary economic terms CFTC?
Primary economic terms means all of the terms of a swap matched or affirmed by the counterparties in verifying the swap, including at a minimum each of the terms included in the most recent Federal Register release by the Commission listing minimum primary economic terms for swaps in the swap asset class in question.
Why are there position limits in futures?
Position limits are put in place to keep anyone from using their ownership control, directly or via derivatives, to exercise unilateral control over a market and its prices.
What are net positions?
Net position. The value of the position subtracting the initial cost of setting up the position. For example, if 100 options where purchased for $1 each and the option is currently trading for $9, the value of the net position is $900 – $100 = $800.
What is the difference between net position and market value?
The value of one’s investment position, calculated as the position’s market value less the initial cost of entering that position. For example, if one spends $10,000 buying a stock and the value of that investment goes to $11,000, the net position is $1,000. See also: Net present value.
What are the part 43 swap data reporting amendments?
The Part 43 swap data reporting amendments revise rules for real-time public reporting and dissemination of swap data. The amendments apply to swap data repositories (SDRs), DCOs, swap execution facilities (SEFs), designated contract markets (DCMs), swap dealers (SDs) and non-SD swap counterparties.
When does the 17 CFR parts 45 46 and 49 go into effect?
17 CFR Parts 45, 46, and 49 Swap Data Recordkeeping and Reporting Requirements Effective Date: Monday, January 25, 2021 Rulemaking: Swap Data Repositories Registration Standards and Core Principle Rulemaking, Interpretation & Guidance See also: 85 FR 21578, 4/17/2020 // PDF Version 17 CFR Parts 45, 46, and 49
When did the 17 CFR Part 44 interim final rule take effect?
17 CFR Part 44 Interim Final Rule:Reporting Certain Post-Enactment Swap Transactions Effective Date: Friday, December 17, 2010 Comment File- Closing Date: 1/18/2011 Rulemaking:Data Recordkeeping & Reporting Requirements 10/14/2010 75 FR 63080// PDF Version 17 CFR Part 44