The commissioners also unanimously requested public comment — without proposing a rule or advocating a position — on the practice of post-trade name give-up on SEFs for a swap that is executed anonymously on the SEF and is intended to be cleared (the Give-Up Release). 2 Chairman Giancarlo expressed an open mind regarding the advisability of restrictions on this practice and on what form a rule might take. Introduction. In the wake of significant market discussion, the CFTC has proposed an amendment to Part 37 of the Commission’s regulations to eliminate the practice of “post-trade name give-up” for swaps traded on certain swap execution facilities (SEF). “post-trade name give-up” on swap execution facilities (the “Name Give-Up Request for Comment”). The Name Give-Up Request for Comment was published in the Federal Register on November 30, 2018, with a 60-day comment period closing on January 29, 2019. 1. On November 6, 2018, the Commission also approved a notice of proposed The CFTC voted to (i) approve a final rule amending regulations governing derivatives clearing organizations, (ii) propose a prohibition on "post-trade name give-up" at swap execution facilities and (iii) propose new cross-border rules governing registration requirements applicable to swap dealers and major swap participants. Washington, D.C. – Dennis M. Kelleher, President and Chief Executive Officer of Better Markets, issued the following statement regarding the Commodity Futures Trading Commission’s (CFTC) proposed prohibition of an anti-competitive and anti-market trading practice, called post-trade name give-up: In the wake of significant market discussion, the CFTC has proposed an amendment to Part 37 of the Commission’s regulations to eliminate the practice of “post-trade name give-up” for
(B) If you and we enter into a Transaction for “give-up” to a third party, the terms of ISDA Content use should be undertaken only after securing appropriate legal Banco Santander will not be required to provide a Pre-trade Mark for certain
Post-trade name give-up refers to the practice of disclosing the identity of each swap counterparty to the other after a trade has been matched anonymously. In the case of uncleared swaps, post-trade name give-up enables a market participant to perform a credit-check on its counterparty prior to finalizing a trade. Post-trade name give-up may occur through third-party middleware and associated trade processing services that provide counterparties with various trade details captured from SEF trading systems, including the identity of the party on the other side of a trade. ABA Opposes Prohibition of ‘Post-Trade Name Give-Ups’ for Anonymous Swaps on March 2, 2020 Newsbytes , Policy In a comment letter to the Commodity Futures Trading Commission today, ABA urged the agency not to move forward with a proposal that would prohibit “post-trade name give-up” practices for swaps that are anonymously executed on a swaps execution facility and are intended to be cleared. Post-Trade Name Give-Up on SEFs. The CFTC is proposing a rule to prohibit ‘‘post-trade name give-up’’ practices related to trading on swap execution facilities Post-trade name give-up refers to the practice of disclosing the identity of each swap counterparty to the other after a trade has been matched anonymously. In the case of uncleared swaps, post-trade name give-up enables a market participant to perform a credit-check on its counterparty prior to finalizing a trade. “post-trade name give-up” on swap execution facilities (the “Name Give-Up Request for Comment”). The Name Give-Up Request for Comment was published in the Federal Register on November 30, 2018, with a 60-day comment period closing on January 29, 2019. 1. On November 6, 2018, the Commission also approved a notice of proposed
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The CFTC-proposed rule prohibiting "post-trade name give-up" at swap execution facilities ("SEFs") was published in the Federal Register. Comments must be submitted by March 2, 2020.
“post-trade name give-up” on swap execution facilities (the “Name Give-Up Request for Comment”). The Name Give-Up Request for Comment was published in the Federal Register on November 30, 2018, with a 60-day comment period closing on January 29, 2019. 1. On November 6, 2018, the Commission also approved a notice of proposed
The CFTC voted to (i) approve a final rule amending regulations governing derivatives clearing organizations, (ii) propose a prohibition on "post-trade name give-up" at swap execution facilities and (iii) propose new cross-border rules governing registration requirements applicable to swap dealers and major swap participants. Washington, D.C. – Dennis M. Kelleher, President and Chief Executive Officer of Better Markets, issued the following statement regarding the Commodity Futures Trading Commission’s (CFTC) proposed prohibition of an anti-competitive and anti-market trading practice, called post-trade name give-up:
20 Dec 2019 At the Commodity Futures Trading Commission open meeting on to prohibit post-trade name give-up for swaps executed anonymously on a
19 Feb 2015 This page contains high level CME STP post-trade scenarios/events and the Allocation is unmarked from Give-up (GUS) or Average Price (APS) When a trade is re-allocated, there is no mark for allocation message 9 Nov 2018 In addition, there was a request for comment on post-trade name give-up. Final Rule: Amending the De Minimis Exception to the Swap Dealer 6 Nov 2018 The minimum threshold for swap activity required for reporting has been set by the Commodities Futures Trading Commission (CFTC). 31 Jul 2012 has worked to standardize foreign exchange trading documentation, provide a terms of the FX Transaction, after the give-up the executing dealer faces pre- trade mid-market mark to CPs would not provide any meaningful 31 Jan 2019 but details being debated this year as swaps trading rules are in flux-such as post-trade name give-up, the ability to trade via "any means of 11 Sep 2014 Launch of prime brokerage service opens currency trading platform to the buy- side; Post-trade name give-up enhances transparency and 23 Mar 2016 E.g. if the respondent were XXXX, the name of the reply form would be: Investment firm X trading on behalf of client A passes an order for the we do not need to report the trade with the executing broker if it is given up to the on which, in example 3, the OTC post-trade indicator ought not not popu-.