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In forceSwaps market transparencyLast checked 13 November 2026

Real-time public reporting of swap transactions (Part 43)

A regulatory return listed by the Commodity Futures Trading Commission (CFTC), United States.

Requires the price and size of each publicly reportable swap transaction to be made public, not just reported to the Commission, giving the swaps market the kind of continuous price transparency futures markets already have. The swap data repository that receives the trade under Part 45 is the one that actually disseminates it to the public; large trades get a short delay so the reporting side is not immediately exposed. Source

Official title: Real-Time Public Reporting Requirements

The facts

Who files
The same reporting counterparty that reports the trade under Part 45 (the SEF or DCM for an on-facility swap, otherwise the swap dealer, major swap participant or DCO side, or the other counterparty if neither side is one of those) supplies the data; the swap data repository that receives it carries out the actual public dissemination. Source
How often
Each publicly reportable swap transaction is disseminated individually, as soon as technologically practicable (ASATP) after execution, not on a periodic schedule. Source
Deadline
Dissemination is required as soon as technologically practicable after execution for an ordinary publicly reportable swap. A block trade gets a 15-minute dissemination delay, and a large notional off-facility swap (LNOFS) gets a delay of up to 24 business hours depending on the asset class and the type of market participant involved. Source
Format
XML. Disseminated data is drawn from the same XML-reported record used for Part 45, using the subset of data elements the Technical Specification marks for public dissemination. Source
How it is filed
Filing routes recorded for the CFTC: CFTC Portal; WinJammer; NFA EasyFile (Form PQR and Form PR). See how firms file with the CFTC.
Status
In force
Legal basis
Group
Swaps market transparency

Templates (3)

The tables and forms inside the return. Plain name first, the CFTC's code in brackets.

  • Ordinary publicly reportable swap transaction (dissemination as soon as technologically practicable) (Standard)
  • Block trade (15-minute dissemination delay) (Block trade)
  • Large notional off-facility swap (dissemination delay of up to 24 business hours, by asset class and participant type) (LNOFS)

The three dissemination categories the Commission's regulations set in section 43.5, not separate forms. Source

Validation rules

The CFTC publishes the checks it runs on this return. They could not be counted from the published material. They are written for people to read; software cannot run them as published. Source

How they are written: The same published table of per-field conditions described for the Part 45 return, read for its Part 43 dissemination column..

The rules, on cftc.gov

How they were counted

The Technical Specification's 'Part 43 SDR Validation and Dissemination Rules' column marks, data element by data element, which of the 177 Part 45 fields are also publicly disseminated under Part 43 and on what end-of-day or real-time basis; a reliable total of just the Part-43-flagged fields was not tallied from the pages read.

Counts are in the CFTC's own unit, so they are not comparable with other regulators' counts.

Public data

Published only added up across firms. Part 43 is itself the public-dissemination mechanism: anonymised price and size data for each publicly reportable swap transaction is published by the swap data repository in real time, with no counterparty name attached. The Commission does not separately republish this feed on cftc.gov. Source

Official documents (3)

The CFTC's own files, with the size and SHA-256 fingerprint of each as downloaded on 13 November 2026, so anyone can tell whether a copy is the same version.

Sources

Every page and document this return's facts were read from.

Knowing exactly what is collected, in what format and under which rules is the first step to real-time supervision. Line4 builds SupTech software for financial regulators that runs checks like these as each return arrives.

Line4's own text, and the way Line4 has collected and arranged these records, are free to reuse under CC BY 4.0. Please credit: “Source: Line4 regulatory submissions library (CC BY 4.0), https://www.line4.ai”. The facts themselves belong to no one. The regulators' document titles, template names, quoted terms and documents belong to them and are not covered by this licence: see CFTC's reuse terms. This describes what regulators publish. It is not legal or regulatory advice: always rely on the regulator's own text. Not affiliated with or endorsed by any regulator.

Last checked 13 November 2026.