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A-Team Insight Blogs

DTCC Expands Data Published by Deriv/SERV on CDSs

The Depository Trust & Clearing Corporation (DTCC) is to, later this month, expand the data its Deriv/SERV unit publishes on credit default swaps (CDSs) registered in its Trade Information Warehouse to show additional detail on weekly transaction activity. In November last year, DTCC first indicated is would be providing more information on derivatives registered in its central trade registry with a view to enhancing transparency in the market for OTC credit derivatives.

Beginning 20 January, the contract data posted on DTCC’s website will include a new section covering weekly trading activity registered in the warehouse for the previous week, in terms of gross notional values as well as number of contracts. This data will cover data such as new trades, terminations and assignments and it will be provided in aggregate as well as for single name reference entity sectors and for major indices.

Frank De Maria, DTCC managing director and chief operating officer of DTCC Deriv/SERV, explains the logic behind the move: “By publishing CDS contract data each week from its Trade Information Warehouse, DTCC is delivering critical transparency to the credit default swaps market. Users of the warehouse, market analysts, journalists and regulators have found our data tables to be an invaluable resource in providing a global view of weekly market activity.”

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