MarkitSERV Transmitting Orders to DTCC Repository

New York
DTCC operates one of the first trade repositories, as mandated by regulatory reform.

MarkitSERV has announced that it is now transmitting over the counter (OTC) derivatives trades to the Depository Trust and Clearing Corporation's (DTCC) global trade repository.

The new reporting system transmits, following client authorization, information on trades in near-real time to the repository. The company has also backloaded three million past trades, replacing the need for an error-prone process of participants uploading their own records for regulatory purposes. These will automatically update with changes, such as terminations.

"The new interest rate trade repository ensures that key information about the OTC derivative market is transparently available to regulators globally as they work to monitor systemic risk," says Stewart Macbeth, president and CEO at DTCC Deriv/Serv. "DTCC is committed to partnering with MarkitSERV and the OTC derivative community and supervisory authorities to establish effective global solutions that strengthen the infrastructure for trading OTC derivative instruments."

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Most read articles loading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here