Information Repositories

The repositories serve as a means for sharing details regarding the binding obligations established by GFSA members, specifically to: (i) process over-the-counter (OTC) derivative contracts through central counterparties (CCPs); and (ii) execute OTC derivative transactions on organized exchanges or electronic trading platforms.

These regulatory obligations stem from the agreement made by G20 leaders in September 2009, aiming to enhance the resilience and transparency of OTC derivatives markets. The G20 committed that all standardized OTC derivatives would need to be traded on official platforms or exchanges and centrally cleared via CCPs, with full implementation expected by the end of 2012.

The data contributed by members through these repositories offers a broad and detailed understanding of the features of OTC derivative instruments that are subject to central clearing requirements and/or mandated trading through electronic or exchange platforms across jurisdictions. It also facilitates comparisons between the types of products that must be cleared (and the respective eligible CCPs) and those that are subject to trading requirements.

In the case of the central clearing repository, users can find information related to OTC derivatives subject to clearing obligations in various jurisdictions, including interest rate swaps (IRS), credit default swaps (CDS), and foreign exchange products. Similarly, the platform trading repository contains information on OTC derivatives required to be traded, covering IRS, CDS, equity-related instruments, and commodity derivatives, as well as the regulatory frameworks applicable to trading platforms for OTC markets.