GTR Glossary of Terms
This topic contains definitions of common terms and concepts across the GTR service.
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GTR Success Acknowledgement Message
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A Batch Download Report (BDR) is created for is created for every successful submission. These reports provide trade acceptance or rejection by GTR.
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Commodity Futures Trading Commission
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A unidirectional link between two end points or queue managers that serves to transfer messages.
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This report contains all successful Collateral Valuation submissions processed for the reporting date.
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The DTCC counterparty Reference Data and Enrichment service is an industry supported solution that collates and disseminates the proprietary counterparty data required for EMIR reporting.
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Comma Separated Values – a submission format accepted for messages in GTR.
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Field by field layouts of CSV messages defining formats for submissions. These layouts are per message type and are contained as tabs in the message specifications.
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GTR provides transaction reporting services for derivatives in the U.S. and Canada through the legal entity DTCC Data Repository (U.S.) LLC (DDR). DDR is registered as a Swap Data Repository (SDR) with the U.S. Commodity Futures Trading Commission (CFTC), a registered Security-Based Swap Data Repository (SBSDR) with the U.S. Securities and Exchange Commission (SEC). It is authorized by Canadian regulators to provide derivatives reporting services in all Canadian provinces and territories.
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DTCC Data Repository (Ireland) Plc (DDRIE) is DTCC’s European Securities and Markets Authority (ESMA) registered TR to support the EU27 countries. Dublin-based DDRIE enables firms to comply with the rules for regulatory reporting as set out in the European Market Infrastructure Regulation (EMIR), the Securities Financing Transactions Regulation (SFTR) and Switzerland’s FingraG.
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GTR delivers derivatives trade reporting services in Japan through DTCC Data Repository (Japan) K.K. (DDRJ), the first trade repository to be licensed and operational in the Japanese market. Japan’s Financial Services Agency (JFSA) mandates the reporting of OTC derivatives transactions directly to the Agency or to a third-party trade repository such as DDRJ.
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DTCC Derivatives Repository Plc (DDRL) is DTCC’s registered UK TR, operating under the supervision of the UK’s Financial Conduct Authority (FCA). London-based DDRL enables firms to comply with the rules for regulatory reporting as set out in the European Market Infrastructure Regulation (EMIR) and the Securities Financing Transactions Regulation (SFTR).
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In Singapore, DTCC provides trade reporting services via DTCC Data Repository (Singapore) Pte. Ltd. (DDRS), the only trade repository currently approved by the Monetary Authority of Singapore (MAS). TCC provides trade reporting services in Australia via its legal entity DTCC Data Repository (Singapore) Pte. Ltd. (DDRS).
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Depository Trust and Clearing Corporation
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Explicit Permissioning is a requirement where every LEI must have the authority to conduct trades on your organization's behalf.
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Financial Product Markup Language – XML based submission type for the GTR and Canada PPD
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GLEIF (Global Legal Entity Identifier Foundation) is an organization that issues LEIs. The Legal Entity Identifier (LEI) is a 20-character, alpha-numeric code based on the ISO 17442 standard developed by the International Organization for Standardization (ISO).
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The MDR, or base message, fully describes the message set. It includes the business rationale and all XML schemas associated with the message set.
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The Global Industry Tools application verifies that your trade data submission will pass validation.
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Global Trade Repository
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This document was published by the CFTC to the SDRs and defines their expectations for SDRs for how data is to be reported to them (timing, frequency, report contents, field layouts, and so on). This includes additional fields to be reported which are not contained in the CFTC Technical Specifications.
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ISO 20022 is a multi-part International Standard prepared by ISO Technical Committee TC68 Financial Services. It describes a common platform for the development of messages.
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This standard describes the development methodology, registration process, and organization of the central financial repository that contains the ISO 20022 messages and their components.
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Legal Entity Identifier. Issued by GLEIF, this code of 20 alphanumeric characters identifies your company. Your firm's LEIs must be explicitly permissioned to enable reporting.
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The Message Definition Report (MDR), or base message, fully describes the message set. It includes the business rationale and all XML schemas associated with the message set.
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Instructions for submitting into a given GTR application. Includes data attribute requirements, valid values, validations, CSV submission layouts and parsing definitions. This document can be found on the Learning Center.
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Message Queue – message-oriented middleware. Provides mechanism for applications to communicate.
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GTR Negative Acknowledgement message
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North America (referring to CFTC, SEC, and Canada jurisdictions)
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Also known as Delegated Reporting. One of the trade parties delegates their reporting to the other trade party or to a third party.
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Originator Code – A 4-digit code used to segregate and permission accounts.
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Refer to “Part 43” regulations (also referred to as “PPD”) and “Part 45” CFTC regulations (also referred to as “Trade State”), respectively.
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This report contains all the successful PPD submissions received for the reporting date, as well as PPD submissions which may have been received on a previous date, but which were disseminated on the reporting date.
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SAC (Super Access Coordinator) is the primary administrator for permissioning in the users' firm.
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An XML message schema describes a model for the arrangement of tags and text in a valid XML document. A schema provides a common vocabulary for a particular application that exchanges documents.
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Account Management System that DTCC uses to define accounts, products and services associated with these participants.
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Swap Data Repository - an entity created by the Dodd-Frank Act in 2010 to provide a central facility for swap data reporting and recordkeeping.
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Secure File Transfer Protocol is a network protocol that provides file access, file transfer, and file management over any reliable data stream.
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Contains all the successful (ACK) and unsuccessful (NACK) submissions submitted by the client as well as those submissions made on their behalf.
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Trade Activity Report - Contains all successful submissions for trade state (not PPD/RT, valuation, or collateral) message types that contain the relevant jurisdictional value in the Reporting destination data element.
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TAR - Contains all successful submissions for trade state (not PPD/RT, valuation, or collateral) message types that contain the relevant jurisdictional value in the Reporting destination data element.
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Trade state is the latest trade message that has been received and processed by GTR.
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This report contains the latest trade state for all open trades for each unique trade that contains the relevant jurisdiction value in the Reporting destination data element where the report recipient is named as “Trade Party 2”
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Also called TSR. Daily report of all open swaps (with latest valuation information merged onto the report).
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Trade State Report. Daily report of all open swaps (with latest valuation information merged onto the report).
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GTR Test Environment (“User Acceptance Testing”)
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Unique Product Identifier
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Usage Guidelines are a sub-version of a message definition report. They eliminate some components of the base message and enforce new business rules. Usage guidelines are created through the SWIFT MyStandards and Standards Editor.
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Unique Swap Identifier
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Unique Trade Identifier
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This report contains all successful Valuation submissions processed for the reporting date.
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The Validations Rule Engine (VRE) Simulator verifies that your trade data submission will pass validation.
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Cross-Asset.
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For GTR, refers to DTCC proprietary message format for XML submissions.
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