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What is a global trade repository?

What is a global trade repository?

A DTCC owned central repository which maintains the records of derivative trades. The GTR provides full coverage of all cleared and uncleared over-the-counter derivatives products within each major asset class globally.

What is GTR in DTCC?

DTCC provides trade repository services for derivatives and securities financing transactions through its Global Trade Repository service (GTR), the industry leader in trade reporting.

Is DTCC a trade repository?

Headquartered in London, DTCC Derivatives Repository PLC (DDRL) is a trade repository which provides a suite of post-trade record-keeping and reporting services for over the counter (OTC) equity, credit and interest rates derivatives, bringing greater transparency, resultant risk mitigation, and cost-efficiency to the …

What is DTCC Emir?

DTCC’s GTR delivers to market participants a robust automated regulatory reporting solution both OTC Derivatives and Exchange Traded Derivatives (ETD) for both cleared and uncleared contracts.

How does DTCC market work?

The Depository Trust & Clearing Corporation (DTCC), through its subsidiaries, provides industry-leading solutions to safeguard the world’s financial markets. User owned and governed, DTCC serves the needs of clients from initial onboarding through trading, clearance, settlement, asset servicing and data reporting.

What is a swap data repository?

Swap data repositories (“SDRs”) are new entities created by the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) in order to provide a central facility for swap data reporting and recordkeeping.

What is Ccil reporting?

CCIL TR provides a multi-asset class reporting solution for OTC derivatives transactions (both inter- bank and Clients) in the following instruments which are mandated for reporting. i. Rupee Credit Default Swaps ii. Foreign Currency Interest Rate Swap and Forward Rate Agreement vi. Rupee Interest Rate Swaps vii.

What is the DTCC rule?

What rules are DTCC changing? In the document, DTCC said the rule change would “eliminate the requirement that a participant must confirm its activity statements monthly through [the DTCC] Participant Inquiry Notification System.” This means that DTCC is basically trading one reporting requirement for another.

What is the settlement process?

Settlement process is referred to as the official process, whereby the property is legally transferred from a seller to the buyer, after the conditions of the Contract of Sale are fulfilled. It is usually conducted by the legal and financial representatives of the respective parties.

What is swap data repository responsible for?

What is a SEF trade?

The Dodd-Frank Act defined a SEF as, “A facility, trading system or platform in which multiple participants have the ability to execute or trade swaps by accepting bids and offers made by other participants that are open to multiple participants in the facility or system, through any means of interstate commerce.”

What is the role of CCIL?

CCIL performs concrete risk management to cover its members from procedural losses. During the settlement, CCIL assumes the risk which may arise due to default of a member to fulfil its obligation. It aims at covering the market risk through the margining processes.