The repository, called the Global Trade Repository, will be based in London and holds data from 15 of the largest global dealers, said DTCC.
The company already operates global trade repositories for OTC credit derivatives (principally credit default swaps) and for OTC equity derivatives and is also planning initiatives in the foreign exchange and commodities OTC derivatives markets.
DTCC Deriv/SERV president and CEO Stewart Macbeth said that the launch of this new interest rates trade repository is a significant step forward in ensuring that key information about the OTC derivatives market is transparently available to regulators globally as they work to ensure that systemic risk is quickly identified and minimised.
