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Swap Dealer: Sr. No. Term

The document defines various terms related to derivatives trading such as Swap Dealer, Derivatives Clearing Organization, Designated Contract Market, Futures Commission Merchant, Swap Data Repository, and Swap Execution Facility. Each term is defined briefly, with a Swap Dealer defined as an individual who acts as the counterparty in a swap agreement for a fee. The document provides a high-level overview of key terms used in derivatives markets.

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Divyansh Golyan
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41 views3 pages

Swap Dealer: Sr. No. Term

The document defines various terms related to derivatives trading such as Swap Dealer, Derivatives Clearing Organization, Designated Contract Market, Futures Commission Merchant, Swap Data Repository, and Swap Execution Facility. Each term is defined briefly, with a Swap Dealer defined as an individual who acts as the counterparty in a swap agreement for a fee. The document provides a high-level overview of key terms used in derivatives markets.

Uploaded by

Divyansh Golyan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

Sr. No.

Term

1 Swap Dealer

Derivatives Clearing
2 Organization
Designated Contract
3 Market

4 Futures Commission
Merchant

5 Swap Data Repository

6 Swap Execution Facility

7
8
9
10
11
12
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Meaning

An individual who acts as the counterparty in a swap agreement for a fee called a spread.
Swapdealers are the market makers for the swap market. The spread represents the difference
between the wholesale price for trades and the retail price. Because swap arrangements aren't
actively traded, swap dealers allow brokers to standardize swap contracts to some extent.
A registered clearinghouse, clearing association, clearing corporation, or similar entity, facility, system, or organization that
provides clearing services or arrangements.
a board of trade, including any organized exchange or other trading facility, that has registered and been designated as a
DCM.
An individual, association, partnership, corporation, or trust that is engaged in soliciting or in accepting orders for the
purchase or sale of futures, security futures products, swaps, certain foreign exchange products, commodity options, or
leveraged transactions.

A person that collects and maintains information or records with respect to transactions or positions in, or the terms and
conditions of, swaps entered into by third parties for the purposes of providing a centralized recordkeeping facility for
swaps.
A trading system or platform in which multiple participants have the ability to execute or trade swaps by accepting bids and
offers made by multiple participants, but that is not a registered DCM.
Further Reading

[Link]/BPgpYc

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