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DTCC launches repository
05 August 2010
The DTCC launches Equity Derivatives Reporting Repository
The Depository Trust & Clearing Corporation (DTCC) announced today two significant developments: the launch of its Equity Derivatives Reporting Repository (EDRR) and FSA approval of DTCC Derivatives Repository Ltd subsidiary.
The building of the EDRR repository, follows a competitive request for proposal process (RFP) led by the International Swaps and Derivatives Association (ISDA) last year, and represents the industry's efforts to strengthen its operational infrastructure and improve transparency across all major OTC derivatives asset classes. All of the 14 global market dealers are now live on EDRR.
EDRR’s central registry will hold key position data, including product types, notional value, open trade positions, maturity and currency denomination for participants’ transactions, as well as counterparty type. OTC equity derivatives products the service will initially support include options; equity, dividend, variance and portfolio swaps; CFD (contracts for difference); accumulators and a final category covering other structured products.
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