In a letter submitted to the CFTC today, FIA PTG urged the Commission to prohibit the practice of post-trade name give-up in cleared swaps. FIA PTG said “post-trade name give-up is appropriate for uncleared swaps, as trading counterparties need to know who they have been matched with on a specific transaction. However, there is no legitimate reason to disclose counterparty names post-execution for anonymously executed cleared swaps, as trading counterparties face the CCP and do not have any credit, operational, or legal exposures to each other.”
