Swap Execution Facility (SEF)

What is Swap Execution Facility (SEF)?

Swap Execution Facility (SEF) meaning A trading system or platform created by the Dodd-Frank Act in which multiple participants have the ability to execute or trade swaps by accepting bids and offers made by multiple participants in the facility or system, through any means of interstate commerce. The Dodd-Frank Act imposed different statutory provisions on SEFs than on designated contract markets. See 7 USC 1a(50).

 

reference: U.S. COMMODITY FUTURES TRADING COMMISSION – CFTC Glossary