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July 10, 2012

India launches OTC derivatives trade repository

The Clearing Corp of India have jumped into the Repository space starting with USD-INR FX Forwards and Swaps, I assume this means anyone executing trades into India needs to connect themselves up to this new service.

The first phase of the OTC foreign exchange (FX) derivative trade repository service begins with capture of all inter-bank forex forwards and swaps in the USD-INR currency pair, and currency options in FCY-INR. The subsequent phases would include capture of transactions in these instruments in other currency pairs, capture of currency swaps and interest rate swaps and options denominated in foreign currency.

And also a little known fact:

CCIL developed the first trade repository for Interest Rate Swaps in 2007

Story: Business Line : Markets News : CCIL launches OTC derivatives trade repository.

CCIL PDF: here

CCIL Home page: here


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