The International Swaps and Derivatives Association (ISDA) is seeking the formation of a commodity over-the-counter (OTC) derivatives trade repository by January. The group has issued a request for proposals (RFP).
The new repository will improve transparency in the market and eventually record all commodity OTC derivatives trade types, starting January 2012. The repository will meet all existing and future regulations governing repositories and provide a structure to rapidly report and offer timely access to information to applicable regulators.
Click here for the release from Business Wire.
