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ISDA publishes alternative approach to Federal Entity Indicator—CFTC Requirement

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Published on: 11 April 2022

Published by LNB News

LNB News 11/04/2022

Document Information

Issue Date: 11 April 2022

Published Date: 11 April 2022

Jurisdiction(s): United Kingdom

Article summary

The International Swaps and Derivatives Association (ISDA) has announced the publication of two alternatives of standardised language, formed by ISDA’s Data & Reporting US Compliance industry working group, that may be used for any outreach in relation to the amended Commodity Futures Trading Commission (CFTC) Swap Data Reporting Rules, which require reporting of Federal Entity Indicator (#23 Counterparty 1 / #24 Counterparty 2). Reporting parties can elect to use either the CFTC Federal Entity Indicator (Negative Affirmation) or Federal Entity Indicator (Affirmative Election) provided at their discretion.

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