Approved LCH Swap Data Repositories

 

  DTCC Data Repository (U.S.) LLC
  Bloomberg Swap Data Repository LLC (BSDR LLC)


For purposes of reporting pursuant to CFTC regulations, including those under 17 CFR 45, SwapClear clearing members may only report details of SwapClear transactions to an approved swap data repository, which is set forth [above]. In the event a SwapClear clearing member, or client of a SwapClear clearing member, wishes to report to a swap data repository that is not an approved swap data repository, the SwapClear clearing member must provide reasonable prior notice to LCH to enable LCH to establish connectivity to that swap data repository.

After receiving notice, LCH will work with the non-approved swap data repository to establish and develop the technological and operational processes to enable LCH to report trade details, including terminations and modifications of transactions, to that swap data repository. Please note the process to connect to a non-approved swap data repository will not be immediate, and will require a reasonable period of time. In the event a SwapClear  clearing member, or client of a SwapClear clearing member, reports details of a SwapClear transaction to a non-approved swap data repository, or does not transmit all required trade details of a trade to be cleared at LCH, LCH will not be able to appropriately report the termination or modification of transactions submitted to LCH for registration.


 

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