Subject: S7-32-10
From: Philip Phipps
Affiliation:

Jul. 18, 2023

To whom it may concern, 


I am in support of this rule. This rule is a good first step. Transparency is key to having a fair market. Even if a fair market is not feasible for whatever reason at the moment, swaps are a hidden danger to the market and America. In the past they have caused many issues, i.e. 2008 crash and more recently, credit suisse. 
I do believe that the threshold for reporting should be any amount above zero and be due at the end of the day. 


Thank you and have a great day! 


Philip Phipps