Dodd-Frank Trade Reporting Rules Haunt U.S. Energy Firms

Compliance with the Dodd-Frank Act has created significant difficulties for commodity traders and greatly increased the compliance burden for trading companies. Transitioning to Dodd-Frank compliance is a lengthy and tedious process which will require the companies to enact major changes to their reporting and accounting procedures..

SDRs differ in reporting requirements

Swap data repositories (SDRs) have been created under the Dodd-Frank Act to "provide a central facility for swap data reporting and recordkeeping" according to the U.S. Commodity Futures Trading Commission (CFTC). The Act requires all swaps to be reported to each of the SDRs where the swaps may be traded. The three SDRs currently established include CME Swap Data Repository (owned by the Chicago-based CME Group Inc (NASDAQ:CME), DTCC Data...