Stop Press: The Depository Trust & Clearing Corp. (DTCC) has unveiled plans to create a single data repository for trade data covering over-the-counter derivatives transactions. The proposed utility would become a central industry trade information warehouse, containing the golden copy of each OTC derivative trade, with an initial focus on credit derivatives. Access to the data would be through a standard automated process that would deliver details of the transaction through points in its lifecycle. The initial implementation, featuring the current state of each contract and calculated netted cash flows associated with them, is expected around the middle of the year.
Subscribe to our newsletter
