What is a security-based swap dealer?

OTC security-based swap transactions are those that are negotiated between two counterparties, as opposed to being transacted on a SEF or an exchange in which many counterparties are brought together to trade.

Are security-based swap dealer eligible contract participant?

the security-based swaps may be purchased only by “eligible contract participants” and the reports do not represent the initiation (or reinitiation) of publication of reports regarding such issuer or its securities.

Who has regulatory authority over security-based swap dealers?

Under this framework, the Securities and Exchange Commission regulates security-based swaps, the Commodity Futures Trading Commission regulates swaps, and the two agencies jointly regulate mixed swaps. Here you will find information about compliance with the Title VII regulatory framework for security-based swaps.

Does NFA have authority over security-based swap dealers?

Who Does the NFA Regulate? The NFA regulates all qualified brokers, futures merchants, commodity pool operators, swap dealers, exchanges, commodity trading advisors, and retail foreign exchange dealers that deal in the futures markets.

What is SBS protocol?

The ISDA 2021 SBS Protocol is a Questionnaire Protocol, which means that each party that submits an Adherence Letter must also deliver a completed Questionnaire to another Protocol Participant for the protocol terms to be effective with respect to that Protocol Participant.

Is security based swap dealer an ECP?

Commission Regulations §§ 1.3(m)(1)-(4) provide that the ECP definition now includes swap dealers, security-based swap dealers, major swap participants and major security-based swap participants, as those terms are defined in the Page 6 Commodity Futures Trading Commission ♦ Office of Public Affairs ♦ 202-418-5080 CEA …

Does NFA has regulatory authority over security based swap dealers?

What is the difference between a swap and a security-based swap?

As a general rule, a TRS on a single security, loan or narrow-based security index would be a security-based swap and a TRS on a broad-based security index or on two or more loans would be a swap.

Does the NFA have authority over security-based swap dealers?

Is a security-based swap dealer an ECP?

Who is considered a swap dealer?

A swap dealer is defined as any person who: (1) holds itself out as a swap dealer; (2) makes a market in swaps; (3) regularly enters into swaps as an ordinary course of business for its own account; or (4) engages in activity that causes it to be commonly known in the trade as a dealer or market maker.