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In forceSwaps market transparencyLast checked 13 November 2026

Swap data recordkeeping and reporting (Part 45)

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

Requires every swap to be reported to a registered swap data repository (SDR) so the Commission has a continuous record of the swaps market. The data covers the whole life of a swap, from the terms agreed at execution (creation data) through later events such as a novation, termination or valuation change (continuation data), and is the main data source behind the Commission's swaps market surveillance. Source

Official title: Swap Data Recordkeeping and Reporting Requirements

The facts

Who files
Every swap has one reporting counterparty. A swap executed on a swap execution facility (SEF) or designated contract market (DCM) is reported by the SEF or DCM itself. An off-facility swap is reported by whichever side is a swap dealer, major swap participant or derivatives clearing organization (DCO); if neither side is one of those, the Commission's regulations set out which side reports. The swap data repository that receives the report must accept, time-stamp and keep the data. Source
How often
Reported swap by swap, as each one is executed, amended, or otherwise changes; there is no periodic batch filing. Source
Deadline
A swap executed on a SEF or DCM is reported by the SEF or DCM by the end of the next business day after execution. For an off-facility swap, a reporting counterparty that is a swap dealer, major swap participant or DCO must report by the end of the next business day (T+1); any other reporting counterparty has until the end of the second business day (T+2). Source
Format
XML. Submitted to the SDR as an XML message built from the data elements, formats and allowable values set out in the Commission's Technical Specification for Parts 43 and 45 reporting (version 3.3, 13 December 2023), which lists 177 numbered data elements across the credit, interest rate, foreign exchange, equity and other-commodity asset classes. 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 (5)

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

  • Credit swaps (CR)
  • Interest rate swaps (IR)
  • Foreign exchange swaps (FX)
  • Equity swaps (EQ)
  • Other commodity swaps (CO)

The Technical Specification sets each data element's mandatory, conditional or not-required status by these five asset classes rather than by separate forms; there is no further named schedule structure. Source

Validation rules

177 rules, as counted from the CFTC's published material. They are written for people to read; software cannot run them as published. Source

How they are written: A published table of per-field validation and dissemination conditions (mandatory, conditional or not required, by asset class) in a PDF technical specification, not a machine-executable ruleset such as an XSD or an XBRL Formula linkbase..

The rules, on cftc.gov

How they were counted

The numbered data elements (#1-177) in the Technical Specification and Validation Rules table (section 2 of the Commission's Technical Specification, version 3.3), each carrying a mandatory, conditional or not-required flag per asset class for Part 45 SDR validation and, for the elements also disseminated, Part 43 dissemination. Counted by reading the table to its last row (#177) on 13 November 2026.

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. Most individual swap records collected under Part 45 are confidential supervisory data. The Commission's market-reports navigation lists a weekly 'Weekly Swaps Report' as a published aggregate product; that report's own page answered with a Cloudflare challenge when read for this library, so its content could not be confirmed directly here. Source

Where it is published

Official documents (5)

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.