SEF Trading Mandate for Interest Rate Swaps Iris tested the integration of Swap Execution Facility (SEF) for trading Interest Rate Swaps designated as Made -Available -To -Trade (MAT). Overview A l e ad i n g inv e s tme nt b a n k e n g a ged I r i s to tes t th e e x e c u tion w o rkflow f o r m andatory t rad i ng o f Made-Available - t o-t r ade ( M A T) I n t e r es t r a te s waps o n the Swap E x e cut i o n F a c ility (SEF). S EF i s a regulated platform for trading swaps which provides pre-trade i nfor ma t i o n ( b i d and offer) a nd t he exec ution mec h a n is m for s w ap t ra n s act i ons among eli g i b le p artic ip ant s . Iris testers designed business scenarios for verifying th

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