ABSTRACT

Congressional Budget Office Cost Estimate: H.R. 742, Swap Data Repository and Clearinghouse Indemnification Correction Act of 2013   [open pdf - 24KB]

This is the Congressional Budget Office (CBO) Cost Estimate for H.R. 742, "Swap Data Repository and Clearinghouse Indemnification Correction Act of 2013." According to the report: "Under current law, derivatives clearing organizations (DCOs) and swap data repositories (SDRs) must report information about swap transactions to the Commodity Futures Trading Commission (CFTC), or in the case of SDRs that receive information about securities-based swaps, to the Securities and Exchange Commission (SEC). (A swap is a contract that calls for an exchange of cash between two participants, based on an underlying rate or index or the performance of an asset.) Such information also must be shared with other regulatory agencies, both foreign and domestic, if those agencies request the information and agree to certain conditions."

Publisher:
Date:
2013-04-11
Copyright:
Public Domain
Retrieved From:
United States Congressional Budget Office: http://www.cbo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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