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.