ESMA Q&A published in September 2018 provided guidance on a number of matters, including a view on how RTS-23.Field34 (Delivery Type) was to be populated in order to ensure more consistent reporting for Interest Rate Swaps. Specifically, the Q&A noted that: “The value P – Physical is to be used when an interest rate swap […]

Published by Malavika Solanki A review of live trades in FIRDS as at month-end September 2019 shows a growing divergence between the number of live trades reported by MTFs, OTFs and SIs, for the first time since the start of the year. As the chart below shows, the three had been on a largely convergent […]

Published by Malavika Solanki OTC ISIN creation activity rose slightly this month and holds steady at approximately 5% more OTC ISINs having been created in the month of September. Activity was broadly higher in most types of credit instruments, with Corporate, Sovereign and Index CDS more active than the prior month, as was also the […]