Swap Data Repository
A “swap data repository” (SDR) is a new entity created by the Dodd-Frank Act in order to provide a central facility for swap data reporting and recordkeeping.[1] Swap data repositories are required to comply with data standards set by the CFTC, including real-time public reporting of swap transaction data to a "disseminator" such as a derivatives clearing organization or a swap execution facility.[2]
At its August 4, 2011 open meeting, the CFTC approved its final rules regarding SDRs. For more information, see the Swap Data Regulation MarketsReformWiki page on swap data repositories.
European Swaps Regulation
In Europe, SDRs are known as "trade repositories," or "TRs." According to the European Central Bank, TRs are designed to be "authoritative registries of key information regarding open over-the-counter (OTC) derivatives trades", to "provide an effective tool for mitigating the inherent opacity of OTC derivatives markets." [3]
References
- ↑ A New Era for Swaps Regulation. Fulbright & Jaworski - Financial Reform Task Force.
- ↑ Fact Sheet: Proposed Rule on Real Time Public Reporting of Swap Transaction and Pricing Data. CFTC.
- ↑ Consultation on CESR of Trade Repositories in the European Union. European Central Bank.
