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February 12, 2013
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  • Alphabet soup of transaction codes might be getting muddled
    The proliferation of transaction codes might be causing confusion, experts say. "Does the originator of a transaction get identified with [unique swaps identifiers]? No, the originator gets a [derivatives-clearing organization's] internal counterparty number, a [National Futures Association] ID if they come with that or a [Commodity Futures Trading Commission Interim Compliant Identifier] if they present that," said Allan Grody, president of Financial Intergroup. "The rest of the USI is a transaction identifier, unique to the swap, not the swap business entity that was the transactor." Securities Technology Monitor (2/11) LinkedInFacebookTwitterEmail this Story
  Regulatory Roundup 
  • Tax proposal would overhaul derivatives treatment
    The U.S. House Ways and Means Committee has released a proposal that would force derivatives holders to establish market value and pay tax on that value annually. The requirement would treat derivatives income as regular income, valued as if derivatives had been sold on the last business day of the year. (subscription required) (2/11) LinkedInFacebookTwitterEmail this Story
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