Imported from previous forum
This gap analysis, submitted by the CME Group, seeks to enhance FIX to continue to support various implementations related to satisfying regulatory requirements of the Dodd-Frank Act and similar regulations in Europe and Canada. It has identified a small number of gaps and enhancements needed to the FIX standard in order to complete its work. This proposal attempts to close those gaps relative to four broad areas:
- Providing collateral deposit management for member firms related to cleared trades
- To standardize reporting of collateral information to trade repositories
- Managing post-trade clearing and reporting of packaged swaps
- Coordinating the linkage of identifiers and credit approval status of post-clearing allocation
The document now enters a public comment period in which public review and feedback is encouraged. Once the public comment period closes, the Global Technical Governance Board will meet to review public comments before final approval.
Please post feedback, comments, and questions as replies to this discussion thread.
A link to the proposal can be found at: http://www.fixtradingcommunity.org/pg/file/fplpo/read/1640174/fix-protocol-ga-cme-regulatory-trade-reporting-extensions-v06
The public comment period ends on October 16, 2014.