What do I have to report for continuation data?

For each swap, regardless of Asset Class, Reporting Counterparties and DCOs required to report required swap continuation data shall report life-cycle event data for the swap electronically to a Swap Data Repository within the applicable deadlines. 

Clients must follow the KOR SDR Technical Specifications to submit continuation data. For open swaps, all continuation data submissions must include all applicable fields and be submitted according to the format and validations prescribed by KOR SDR at the time of submission and not at the time the trade was initially executed. 

Can I submit a message that doesn't update any SDR field?

No.

Clients shall not submit continuation data messages that do not update any KOR SDR fields or correct a previous submission. 

Is there a timeline I have to report my continuation data by?

Yes.

KOR SDR shall provide the Commission and the Reporting Counterparty, or their Delegated Reporter with a daily report of all swaps with continuation data 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.

It is important to submit the correct event timestamp as it is used to calculate timeliness. 

Report: Late Transaction Data Report: Continuation Data

Timeliness Logic

References: CFTC Rule(s) §45.4(a).