Services · Derivatives
Derivatives
Concyrge specializes in CFTC swap data reporting under Parts 43, 45, and 46 across the five CFTC swap asset classes, and SEC Regulation SBSR reporting for security-based swaps, including credit and equity derivatives. We also advise on Swap Dealer and Major Swap Participant registration and de minimis threshold analysis.
Trade Report Analysis — Submitted & Alleged
CFTC Parts 43, 45 & 46
Ingestion and analysis of both the firm's submitted swap reports and alleged trade records submitted by counterparties to the swap data repository (SDR), across all five CFTC asset classes. This dual-sided review identifies gaps and errors in the firm's reported data, as well as mismatches, duplicates, disputed transactions, and other inconsistencies arising from counterparty-submitted records, including situations in which the same underlying transaction may appear at the SDR under different identifiers.
- Foreign Exchange (FX)
- Interest Rate (IR)
- Commodity (CO)
- Credit (CR)
- Equities (EQ)
SEC Regulation SBSR Reporting Review
Security-Based Swaps · 17 C.F.R. §§ 242.900–242.909
Dual-sided analysis of submitted and alleged security-based swap records at the security-based swap data repository (SBSDR), covering SEC-regulated credit and equity security-based swaps, including single-name and narrow-based-index credit and equity products. Reported data is benchmarked against Regulation SBSR requirements, including transaction reporting (§ 901), public dissemination (§ 902), and error correction (§ 905), to identify reporting gaps, mismatches, duplicates, and other inconsistencies between submitted and counterparty-alleged records.
- Credit
- Equities
Field-Level & Gap Analysis
Completeness · Accuracy · Timeliness
Comprehensive review of swap reporting output across three core reporting dimensions:
- Completeness
- Are all reportable transactions and required data elements being reported?
- Accuracy
- Is reported data complete, correct, and consistent with the underlying transaction and applicable reporting requirements?
- Timeliness
- Is required data submitted, updated, and corrected within applicable regulatory timeframes?
Swap Dealer / MSP Registration & Threshold Analysis
17 C.F.R. §§ 1.3, 3.10 & 23.21
Assessment of swap activity, positions, and exposures relevant to Swap Dealer and Major Swap Participant classification and registration. Services include Swap Dealer de minimis threshold analysis, including aggregate gross notional amount calculations, and MSP substantial-position and counterparty-exposure analysis, together with identification of omitted, misclassified, or incorrectly calculated trade populations that may cause internal registration-threshold monitoring to understate relevant activity or exposure.
NFA / CFTC Enforcement & Remediation Support
Regulatory remediation
Hands-on implementation support for firms addressing NFA or CFTC swap-reporting findings, enforcement actions, consent orders, or remedial undertakings. Services include development and execution of remediation plans, root-cause analysis, reporting corrections, control enhancements, testing, and documentation designed to restore and demonstrate compliance with applicable reporting requirements.
Regulators increasingly reward firms that self-identify and remediate reporting gaps before they become enforcement matters. Concyrge helps clients get ahead of that curve.
Facing a reporting gap, an upcoming exam, or an enforcement remediation deadline?
Concyrge offers flexible, one-month engagements to get you accurate, audit-ready answers — fast.