What is SDR CFTC?
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.
Is DTCC an SDR?
DTCC Data Repository (U.S.) LLC (“DDR”) The DTCC Data Repository (U.S.) LLC’s SDR Services are the first step in a broader global trade repository service for which DTCC was selected after industry competitions held by ISDA and GFMA.
What is DTCC reporting?
DTCC provides trade repository services for derivatives and securities financing transactions through its Global Trade Repository service (GTR), the industry leader in trade reporting.
What is the difference between SEC and CFTC?
The SEC and CFTC were created by different laws, have different responsibilities, and use different methods to fulfill those responsibilities. The most basic difference between the two entities is that the SEC regulates the securities market and the CFTC regulates the derivatives market.
What is SDR repository?
The Secure Document Repository (SDR) is a Web application that provides secure access to documents from any computer that has a connection to the Internet. If you are using a Windows PC, you do not need to install any software to use the SDR. Just contact your SDR Administrator to set up an account.
Does NFA carries out the CFTC registration function for swap dealers?
The CFTC has delegated registration responsibility to NFA. All futures professionals required to register with the CFTC are granted registration only after a thorough investigation of their background to determine if they meet the fitness standards set forth in the CEA.
Is DTCC a swap data repository?
Washington, DC/New York/London/Hong Kong/Singapore/Sydney, May 10, 2021— The Depository Trust & Clearing Corporation (DTCC), the premier market infrastructure for the global financial services industry, today announced that the U.S. Securities and Exchange Commission (SEC) has approved the DTCC Data Repository (U.S.) …
Is DTCC a repository?
Headquartered in London, DTCC Derivatives Repository PLC (DDRL) is a trade repository which provides a suite of post-trade record-keeping and reporting services for over the counter (OTC) equity, credit and interest rates derivatives, bringing greater transparency, resultant risk mitigation, and cost-efficiency to the …
Can CFTC prosecute criminal violations?
Criminal activity involving commodity-related instruments can result in prosecution for criminal violations of the CEA and for violations of other federal criminal statutes, including commodities fraud, mail fraud, wire fraud and conspiracy.
What is the DTCC data repository?
The DTCC Data Repository (U.S.) LLC’s SDR Services are the first step in a broader global trade repository service for which DTCC was selected after industry competitions held by ISDA and GFMA.
What is a SDR service?
DDR’s SDR Services provide regulators with the ability to monitor in a seamless and centralized fashion detailed transaction data needed to fulfill their regulatory mission to protect the financial system.
What is a swap data repository (SDR)?
The services offered by DTCC Data Repository (U.S.) LLC (“DDR” or the “Company”) that require registration as a swap data repository and/or security-based swap data repository under Applicable Law (the “SDR Services”) are available to all market participants on a fair, open and equal basis.