For Immediate Release, Friday, March 25, 2011
ISDA Leads Industry Effort to Establish Commodity Derivatives Trade Repository
NEW YORK, Friday, March 25, 2011 – The International Swaps and Derivatives Association, Inc. (ISDA) today announced that, as part of its continuing efforts to improve transparency in the over-the-counter (OTC) derivatives markets, it has issued a Request for Proposals (RFP) to establish a Commodity OTC Derivatives Trade Repository.
The RFP seeks proposals to create a trade reporting repository that ultimately will record all Commodity OTC Derivatives trade types. The repository will meet all current and future regulations governing repositories and will provide a structure to rapidly report and provide timely access to information to applicable regulators. The deadline for interested providers to submit their proposals is Monday, April 25, 2011.
Trade repositories improve transparency by providing global regulators with significant visibility into risk exposures by firm and by counterparty. ISDA has helped establish trade repositories for other asset classes, including OTC interest rate, credit and equity derivatives.
Information relating to the RFP is available on ISDA’s website: www.isda.org
For More Information, Please Contact:
Cesaltine Gregorio, ISDA New York, +1 212-901-6019, cgregorio@isda.org
Deirdre Leahy, ISDA New York, +1 212-901-6021, dleahy@isda.org
Donna Chan, ISDA Hong Kong, +852 2200 5906, dchan@isda.org
Rebecca O’Neill, ISDA London, +44 203 088 3586, roneill@isda.org
About ISDA
ISDA, which represents participants in the privately negotiated derivatives industry, is among the world’s largest global financial trade associations as measured by number of member firms. ISDA was chartered in 1985, and today has over 800 member institutions from 55 countries on six continents. These members include most of the world’s major institutions that deal in privately negotiated derivatives, as well as many of the businesses, governmental entities and other end users that rely on over-the-counter derivatives to manage efficiently the financial market risks inherent in their core economic activities. Information about ISDA and its activities is available on the Association’s web site: www.isda.org.
ISDA® is a registered trademark of the International Swaps & Derivatives Association, Inc.