Allocations

For swaps involving allocation, required swap creation data shall be reported electronically to a single Swap Data Repository as follows.

Initial swap between Reporting Counterparty and agent 

The initial swap transaction between the Reporting Counterparty and the agent shall be reported as defined in the KOR SDR Technical Specifications, as applicable. A unique trade identifier for the initial swap transaction shall be created.

References: CFTC Rule(s) §45.3(c)(1).

Post-allocation swaps

Duties of the agent

The agent shall inform the Reporting Counterparty of the identities of the Reporting Counterparty's actual counterparties resulting from allocation, ASATP after execution, but no later than eight Business Hours after execution.

References: CFTC Rule(s) §45.3(c)(2)(i).

Duties of the Reporting Counterparty

The Reporting Counterparty shall report required swap creation data, as defined in the KOR SDR Technical Specifications, for each swap resulting from allocation to the same Swap Data Repository to which the initial swap transaction is reported. The Reporting Counterparty shall create a unique trade identifier for each such swap.

The Reporting Counterparty is required to submit the additional KOR SDR defined field: Agent, with the LEI of the investment manager that executed the initial swap. This field is required in order for the SDR to provide access to the investment manager. There is no additional time added to the deadline to report post-allocation swaps.

References: CFTC Rule(s) §45.3(c)(ii).