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DTCC Launches Portal With CDS Data for Regulators

Offers regulators online access to global credit default swap data and tailored reports to protect against systemic risk.

Depository Trust and Clearing Corporation (DTCC) said it launched an automated portal to provide regulators worldwide with online access to global credit default swap (CS) data. Regulators will have access to CDS data registered in DTCC’s Warehouse Trust Company LLC global repository.

Currently 19 regulators around the world are already live on the portal, stated today’s release. This is the first such global repository of its kind in the financial marketplace. It was designed based on guidance provide by the OTC Derivatives Regulators Forum (ODRF) with respect to data access protocols. [To view the < a href= https://www.dtcc.com/downloads/products/derivserv/ODRF_guidelines.pdf target=”_blank”>ODRF guidelines, click here].

“In constructing this new portal, DTCC’s goal is to provide access to OTC derivatives data to regulators in a timely, fair, and seamless manner, without any preferential treatment across geographic jurisdictions worldwide,” said Stewart Macbeth, DTCC managing director and general manager of DTCC’s Warehouse Trust subsidiary, which operates DTCC’s global CDS trade repository.

According to Macbeth’s comments in the release, the industry utility has been committed since the inception of DTCC central repository to provide global OTC derivatives transactions from a central vantage point so the regulators can view risk exposure to help protect markets from systemic risk.

DTCC said the portal allows for each regulator to access reports tailored to their specific entitlements as a market regulator, prudential or primary supervisor, or central bank. These detailed reports are created for each regulator to show only the CDS data relevant to its jurisdiction, regulated entities or currency, at the appropriate level of aggregation.

Regulators will have access to standard views including counterparty exposure reports and reference entity exposure reports as well as to systemic reports on aggregate positions of large financial firms, among other types of reports. They can also search for updated daily open trades by participant and underlying reference entity. In the future, the portal will allow regulators to search by transaction event using the latest available data.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio

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