CFTC Issues Provisional Swap Data Repository Registration to DTCC Data Repository, LLC

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The CFTC has approved the application of DTCC Data Repository, LLC (DTCC-DR) for provisional registration as a swap data repository (SDR) for interest rate, credit, foreign exchange and equity asset classes. Notably, this list does not include the “other commodity” asset class.

DTCC-DR is the second SDR granted such status. In June of this year, ICE Trade Vault, LLC also received provisional registration. Additional registrations are pending for Global Trade Repository for Commodities, Reval SDR, Inc., and Chicago Mercantile Exchange Inc.

Swap dealers and major swap participants must begin reporting interest rate and credit swaps to SDRs on October 12, 2012 and all swaps beginning January 10, 2013. End users must begin reporting all swaps on April 10, 2013

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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