Details On The Changes Of The Critical Data Element (CDE) Technical Guidance

The Regulatory Oversight Committee (ROC) published an update to the Critical Data Element (CDE) Technical Guidance from v2 to v3 in September 2023.

The CDE is a guide for the harmonisation of reporting requirements of OTC derivative data elements globally. It is used by regulators to align reporting requirements across jurisdictions. There is no direct action to reporting firms, however these changes may be included in future regulatory reporting requirements.

You can find a summary of changes below:

Ref	Type of change	Count
1	New field	11
2	Revised field	17
3	New table	3
4	Revised table	3

Ref	Field/table name	Status
1	2.102 Underlier ID (Other)	New field
2	2.103 Underlier ID (Other) source	New field
3	2.104 Underlying asset trading platform identifier	New field
4	2.105 Underlying asset price source	New field
5	2.106 Crypto asset underlying indicator	New field
6	2.107 Action type	New field
7	2.108 Event type	New field
8	2.109 Event timestamp	New field
9	2.110 Event identifier	New field
10	2.111 Event identifier type	New field
11	2.112 Level	New field
12	2.4 Reporting timestamp	Revised field
13	2.6 Counterparty 1 (reporting counterparty)	Revised field
14	2.8 Counterparty 2 identifier type	Revised field
15	2.10 Beneficiary 1 type	Revised field
16	2.12 Beneficiary 2 type	Revised field
17	2.21 Settlement location	Revised field
18	2.25 Valuation amount	Revised field
19	2.50 Price	Revised field
20	2.53 Price unit of measure	Revised field
21	2.70 Notional amount	Revised field
22	2.71 Delta	Revised field
23	2.77 Quantity unit of measure	Revised field
24	2.78 Notional amount schedule	Revised field
25	2.97 Custom basket code	Revised field
26	2.98 Identifier of the basket’s constituents	Revised field
27	2.99 Basket constituent unit of measure	Revised field
28	2.101 Source of the identifier of the basket constituents	Revised field
29	Table 5: Definitions for Action Type Allowable Values	New table
30	Table 6: Definitions for Event Type Allowable Values	New table
31	Table 7: Allowable Combinations of Action/Event Type Grid	New table
32	Table 1: Formats used in the CDE Technical Guidance	Revised table
33	Table 3: Data elements supporting authorities’ functional mandates: examples	Revised table
34	Table 4: Mapping of Day count convention allowable values to ISO 20022, FpML and FIX/FIXML values	Revised table

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Control Now can help you seamlessly manage such changes as amendments and modifications are automatically integrated into our software.

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