Imported from previous forum
The Global Technical Committee has reviewed and preliminarily approved the SEF Credit Limits Enhancements. This gap analysis proposal submitted by the CME Group and the Global Technical Committee proposes to enhance the existing credit models and introduce support for the new entity known as a Credit Hub, support the Swap Execution Facility (SEF) Auto Acceptance rule and provide capability for additional transparency on risk limits.
Credit Hubs allow firms to manage risk across multiple SEFs. This proposal recommends support for Credit Hub identifiers and status indications. Extending the enumerations of RiskLimitCheckStatus(2343) was proposed to accommodate the SEF Auto Acceptance Rule.
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/576675/fix-protocol-ga-sef-credit-limits
The public comment period ends on January 8, 2014.