This site uses cookies to improve your browsing experience, gather site analytics and activity, track shopping cart contents, and deliver relevant marketing information.
View our privacy policy and manage your settings here. By using our site you agree to these terms.

7.8 Public Reporting of Swap Transaction Data

<< Title VII Overview

7.8 Public Reporting of Swap Transaction Data

The following links provide expanded analysis within this section:


            7.8.       Public Reporting of Swap Transaction Data.

                        7.8.1.    Will Swap Transaction Data be Publicly Available?  Yes, the Commissions are required to provide by rule for the public availability of the following swap transaction and pricing data:

(1)        With respect to cleared swaps, the Commissions will require real-time public reporting for such transactions, which will include price and volume as soon as technologically practicable after the time at which the swap transaction has been executed; and

(2)        With respect to uncleared swaps that are reported to a SDR, the Commissions will require real-time public reporting of transactions but only in a manner that does not disclose the business transaction and market positions of any person.

With respect to the rules providing for the public availability of swap transaction and pricing data, the rules promulgated by the Commissions must contain provisions that:

(1)        Ensure such information does not identify the participants;

(2)        Specify the criteria for determining what constitutes a large notional swap transaction for particular markets and contracts;

(3)        Specify the appropriate time delay for reporting large notional swap transactions to the public; and

(4)        Take into account whether the public disclosure will materially reduce market liquidity.[§727]

The SEC and CFTC are required to issue rules providing for the public availability of swap transaction and pricing data.

                        7.8.2.    What Swap Transaction Information will the Commissions Publish?  The Commissions are required to issue a written report on a semi-annual basis, which will be available to the public, relating to the trading and clearing in the major swap categories and the market participants and developments in new products.[§727]