June 26, 2013
Washington, DC – The Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight (DSIO) today announced the issuance of a no-action letter relating to the terms that are included in portfolio reconciliations.
Commission Regulation 23.502 requires that swap counterparties engage in portfolio reconciliation (or provide opportunities for portfolio reconciliation) at regular intervals. The no-action letter that was issued today identifies 11 data fields that may be excluded from such portfolio reconciliations.
The no-action letter is applicable to all swap dealers and major swap participants.
Last Updated: June 26, 2013