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22nd November 2023

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

If you require support with your Regulatory reporting, Control Now can help you.

For more details, including a demo of our products, please contact: info@control-now.com

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

For more details, including a demo of our products, please contact: info@control-now.com

Control Now Ltd, is a provider of Transaction Reporting software tools to empower market participants to perform oversight of their Regulatory Reporting Processes. Control Now Ltd accepts no liability for any loss or damage caused by use of or reliance on this information or any other information published by Control Now Ltd. Recipients of this information must perform their own due diligence to confirm the information is accurate and relevant for their business scenario. Control Now Ltd reserves its right to re-publish the information.