CFTC modifies swap recordkeeping and reporting technical specifications

UPI designated for credit, equity, FX and interest rate asset classes.

The CFTC has published a modification of the CFTC Technical Specification, which provides instructions for swap data recordkeeping and reporting.

Credit, equity, FX and interest rate asset classes have been assigned a Unique Product Identifier [#87].

Registered entities and swap counterparties will be required to utilise UPIs for swaps in these asset classes by January 29, 2024.

A commodities UPI is yet to be designated and SDR specified data elements should continue to be reported for this asset class.