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      What are the reporting requirements for Off-Facility swaps?

      For each Off-Facility Swap, the Reporting Counterparty shall report required swap creation data electronically to the Swap Data Repository as defined in the KOR SDR Technical Specifications, as applicable.

      If the Reporting Counterparty is a SD, MSP, or DCO, the Reporting Counterparty shall report required swap creation data electronically to a Swap Data Repository not later than the end of the next Business Day following the execution date.

      If the Reporting Counterparty is a non-SD/MSP/DCO counterparty, the Reporting Counterparty shall report required swap creation data electronically to a Swap Data Repository not later than the end of the second Business Day following the execution date.

      KOR SDR shall provide the Commission and the Reporting Counterparty, or their Delegated Reporter with a daily report of all swaps reported that day that did not meet the prescribed timeline. It is the duty of the Reporting Counterparty, or their third-party representative to review these reports and identify any systematic issues in reporting that need to be resolved and make necessary updates as soon as practicable.

      References: CFTC Rule(s) §45.3(b)