NEWS RELEASE
For Immediate Release
ISDA Announces Commodity Derivatives Trade Repository Selection
NEW YORK, Tuesday, June 14, 2011 – The International Swaps and Derivatives Association, Inc. (ISDA) announced today that the ISDA Commodities Steering Committee has chosen Depository Trust & Clearing Corporation (DTCC) Deriv/SERV and EFETnet to partner with the Committee on the next stage of development of the Commodity Derivatives Trade Repository.
This selection is the result of a public Request for Proposals (RFP), which was issued March 25, 2011. The RFP was issued with the intention 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 ISDA Commodities Steering Committee, which consists of senior business representatives in the commodity derivatives market from both buy- and sell-side firms, issued the RFP and selected the provider.
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 credit default, interest rate and equity derivatives.
For More Information, Please Contact:
Deirdre Leahy, ISDA New York, +1 212 901 6021, dleahy@isda.org
Donna Chan, ISDA Hong Kong, +852 2200 5906, dchan@isda.org
About ISDA
Since 1985, ISDA has worked to make the global over-the-counter (OTC) derivatives markets safer and more efficient. Today, ISDA is one of the world’s largest global financial trade associations, with over 800 member institutions from 56 countries on six continents. These members include a broad range of OTC derivatives market participants: global, international and regional banks, asset managers, energy and commodities firms, government and supranational entities, insurers and diversified financial institutions, corporations, law firms, exchanges, clearinghouses and other service providers. 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 and Derivatives Association, Inc.
Documents (1) for ISDA Announces Commodity Derivatives Trade Repository Selection
Latest
Industry Response to ESMA on Simplified Reporting
On September 19, ISDA, the Association for Financial Markets in Europe, FIA and the Global FX Division of the Global Financial Markets Association submitted a joint response to the European Securities and Markets Authority's (ESMA) Call for Evidence on streamlining...
ISDA Response to FCA on UK EMIR Q&As
On September 12, ISDA submitted a response to a consultation run jointly by the UK Financial Conduct Authority (FCA) and the Bank of England on additional Q&As under the UK European Market Infrastructure Regulation (UK EMIR). The first Q&A proposes...
SwapsInfo
ISDA SwapsInfo enhances transparency in the over-the-counter (OTC) derivatives markets by transforming publicly available data into user-friendly, interactive tools. It provides clear, accessible insights into trading volumes for interest rate derivatives (IRD) and credit derivatives. Users can easily chart, analyze,...
ISDA Response to EC on Environmental Legislation
On September 10, ISDA, the Association for Financial Markets in Europe (AFME) and the European Fund and Asset Management Association (EFAMA) submitted a joint response to the European Commission’s (EC) call for evidence on reducing the administrative burden in environmental...