APPENDIX C – TIME DELAYS FOR PUBLIC DISSEMINATION

The tables below provide clarification of the time delays for public dissemination set 

forth in § 43.5. The first row of each table describes the asset classes to which each chart 

applies. The column entitled “Yearly Phase-in” indicates the periods beginning on the 

compliance date of this part 43 and beginning on the anniversary of the compliance date 

thereafter. The column entitled “Time Delay for Public Dissemination” indicates the precise 

length of time delay, starting upon execution, for the public dissemination of such swap 

transaction and pricing data by a registered swap data repository.

Table C1. Block Trades Executed on or Pursuant to the Rules of a Registered Swap 

Execution Facility or Designated Contract Market (Illustrating §§ 43.5(d)(1) and (d)(2)).

Table C1 also designates the interim time delays for swaps described in § 43.5(c)(2).

All Asset Classes

Yearly Phase-in Time Delay for Public Dissemination

Year 1 30 minutes

After Year 1 15 minutes

Table C2. Large Notional Off-facility Swaps Subject to the Mandatory Clearing 

Requirement With at Least One Swap Dealer or Major Swap Participant Counterparty 

(Illustrating §§ 43.5(e)(2)(A) and (e)(2)(B)). 

Table C2 excludes off-facility swaps that are excepted from the mandatory clearing requirement 

pursuant to Section 2(h)(7) of the Act and Commission regulations and those off-facility swaps 

that are required to be cleared under Section 2(h)(2) of the Act and Commission regulations but 

are not cleared.

Table C2 also designates the interim time delays for swaps described in § 43.5(c)(3).

All Asset Classes

Yearly Phase-in Time Delay for Public Dissemination

Year 1 30 minutes

After Year 1 15 minutes
Table C3. Large Notional Off-facility Swaps Subject to the Mandatory Clearing 

Requirement in Which Neither Counterparty is a Swap Dealer or Major Swap Participant 

(Illustrating §§ 43.5(e)(3)(A), (e)(3)(B), and (e)(3)(C)).

Table C3 excludes off-facility swaps that are excepted from the mandatory clearing requirement 

pursuant to Section 2(h)(7) of the Act and Commission regulations and those swaps that are 

required to be cleared under Section 2(h)(2) of the Act and Commission regulations but are not 

cleared.

Table C3 also designates the interim time delays for swaps described in § 43.5(c)(3).

All Asset Classes

Yearly Phase-in Time Delay for Public Dissemination

Year 1 4 hours

Year 2 2 hours

After Year 2 1 hour

Table C4. Large Notional Off-facility Swaps not Subject to the Mandatory Clearing 

Requirement With at Least One Swap Dealer or Major Swap Participant Counterparty 

(Illustrating §§ 43.5(f)(1), (f)(2) and (f)(3)).

Table C4 includes large notional off-facility swaps that are not subject to the mandatory clearing 

requirement or are exempt from such mandatory clearing requirement pursuant to Section 2(h)(7) 

of the Act and Commission regulations.

Table C4 also designates the interim time delays for swaps described in § 43.5(c)(4).

Interest Rates, Credit, Foreign Exchange, Equity Asset Classes

Yearly Phase-in Time Delay for Public Dissemination

Year 1 1 hour

However, if such swap includes a non-swap 

dealer/non-major swap participant 

counterparty that is not a financial entity as 

defined in Section 2(h)(7)(C) of the Act and 

Commission regulations, then one hour 

immediately after execution; or if received 

later than one hour by the registered swap 

data repository, then public dissemination 

shall occur as soon as technologically 

practicable after the data is received.

Year 2 30 minutes

However, if such swap includes a non-swap 

dealer/non-major swap participant 
counterparty that is not a financial entity as 

defined in Section 2(h)(7)(C) of the Act and 

Commission regulations, then 30 minutes 

immediately after execution; or if received 

later than 30 minutes by the registered swap 

data repository, then public dissemination 

shall occur as soon as technologically 

practicable after the data is received.

After Year 2 30 minutes

Table C5. Large Notional Off-facility Swaps not Subject to the Mandatory Clearing 

Requirement With at Least One Swap Dealer or Major Swap Participant Counterparty 

(Illustrating §§ 43.5(g)(1), (g)(2), and (g)(3)).

Table C5 includes large notional off-facility swaps that are not subject to the mandatory clearing 

requirement or are excepted from such mandatory clearing requirement pursuant to Section 

2(h)(7) of the Act and Commission regulations.

Table C5 also designates the interim time delays for swaps described in § 43.5(c)(5).

Other Commodity Asset Class

Yearly Phase-in Time Delay for Public Dissemination

Year 1 4 hours

However, if such swap includes a non-swap 

dealer/non-major swap participant 

counterparty that is not a financial entity as 

defined in Section 2(h)(7)(C) of the Act and 

Commission regulations, then four hours 

immediately after execution; or if received 

later than four hours by the registered swap 

data repository, then public dissemination 

shall occur as soon as technologically 

practicable after the data is received.

Year 2 2 hours

However, if such swap includes a non-swap 

dealer/non-major swap participant 

counterparty that is not a financial entity as 

defined in Section 2(h)(7)(C) of the Act and 

Commission regulations, then two hours 

immediately after execution; or if received 

later than two hours by the registered swap 

data repository, then public dissemination 

shall occur as soon as technologically 
practicable after the data is received.

After Year 2 2 hours

Table C6. Large Notional Off-facility Swaps not Subject to the Mandatory Clearing 

Requirement in Which Neither Counterparty is a Swap Dealer or Major Swap Participant 

(Illustrating §§ 43.5(h)(1), (h)(2) and (h)(3)).

Table C6 includes large notional off-facility swaps that are not subject to the mandatory clearing 

requirement or are exempt from such mandatory clearing requirement pursuant to Section 2(h)(7) 

of the Act and Commission regulations.

Table C6 also designates the interim time delays for swaps described in § 43.5(c)(6).

All Asset Classes

Yearly Phase-in Time Delay for Public Dissemination

Year 1 48 business hours

Year 2 36 business hours

After Year 2 24 business hours