What is CFTC Reporting?
Firms trading OTC derivatives in the US must report details to a registered Swap Data Repository (SDR). The reporting obligations include:
- Part 43 real-time reporting to provide transparency on pricing to the market
- Part 45 transaction reporting to allow regulators to monitor for systemic risk.
The Commodities and Futures Commission (CFTC) oversees the reporting which includes all other OTC derivatives for Credit*, Equity*, FX, Interest Rates and Commodities asset classes.
CFTC reporting commenced in 2013 with DTCC, CME and ICE operating SDRs. The CFTC has also implemented a substantial revision of the reporting rules, known as the CFTC ReWrite, and reporting under the new rules commenced in December 2022.
*Certain Credit and Equity transactions fall under SEC reporting rules.