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Real-time swap reporting requirements: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "{{a|eqderiv|{{subtable| {{L1}}'''Effective execution''': When you give us an order to enter into, modify or terminate a Transaction (an '''Order'''): {{L3}}'''Acknowledgement''': By acknowledging your Order we will attempt to execute it at or near the requested price or quantity; <li> '''Communication''': anything we tell you about your Order (including that it has been “filled”) conveys only an indicative value at which we may be able to fill the order; and<li> '''N...") |
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'''Communication''': anything we tell you about your Order (including that it has been “filled”) conveys only an indicative value at which we may be able to fill the order; and<li> | '''Communication''': anything we tell you about your Order (including that it has been “filled”) conveys only an indicative value at which we may be able to fill the order; and<li> | ||
'''No binding trade''': The Order will not be binding or considered “executed” for any purposes until we deliver to you a final confirmation evidencing the final terms of the Transaction.</ol></ol><li> | '''No binding trade''': The Order will not be binding or considered “executed” for any purposes until we deliver to you a final confirmation evidencing the final terms of the Transaction.</ol></ol><li> | ||
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“The Commodity Futures Trading Commission (CFTC) has unanimously approved amendments to the real-time swap reporting rules in Part 43 of the CFTC’s regulations by, among other things, clarifying the applicability of the rules to swaps executed in a prime brokerage agency arrangement.”}} | |||
This might explain some leaden and counterintuitive language your broker insists on putting in its confirms along the following lines: this is elegant JC speak so assume it won’t be quite as straightforward as what you see in the panel but hey. | |||
{{sa}} | {{sa}} | ||
*[[Synthetic prime brokerage]] | *[[Synthetic prime brokerage]] | ||