The Industry’s Choice for Regulatory Reporting Services

DTCC’s Global Trade Repository (GTR)Service provides full coverage of all cleared and uncleared OTC derivatives products within each major asset class. Trade submissions will be supported for 100% of products traded in each asset class regardless of whether trade is electronically processed or bespoke – paper confirmed.

During the first half of 2011, DTCC successfully participated in a series of industry-led trade repository selection processes, facilitated by ISDA® (International Swaps and Derivatives Association) and AFME (Association for Financial Markets in Europe), resulting in DTCC being selected as the preferred service provider for building and managing global trade repositories for Interest Rates, Commodities and Foreign Exchange derivatives, adding to its already existing repositories for Credit and Equity derivatives. Overview The GTR Service will be utilized by six trade repositories to satisfy global trade reporting requirements as described below:

Overview

The GTR Service will be utilized by four trade repositories to satisfy global trade reporting requirements as described below:

A customer of a Repository may selectively elect to enable reporting for one or more jurisdiction/regulation that are supported by that Repository. For example: A member of the DDRL legal entity may elect to report to any combination of ODRF, HKMA, CSA, and ESMA.

The above TR entities can also be registered as foreign TR in other jurisdictions, e.g. Canada and Australia.

The OTC Derivatives market is a global trading market where cross-border trading, currencies and underlying assets can cut across multiple jurisdictions and trigger multiple reporting requirements. As such, a global solution is needed to enable reporting parties to submit a transaction record once and meet multiple reporting obligations in one or more of DTCC’s trade repository legal entities.

DTCC’s GTR service operates as a trade repository for all OTC derivative contracts and provides regulators globally with access to data pursuant to supervisory authority or pursuant to industry commitments, such as voluntary reporting commitments to the OTC Derivatives Regulators Forum (ODRF). The ODRF is a group of regulators representing over forty regulators world-wide. In conjunction with industry participants and regulators, this group has provided trade repositories with a set of guidelines regarding data access to regulators. The GTR service will support the mandatory reporting as regulations are finalized in each country, such as the US Dodd Frank Act, Europe’s European Market Infrastructure Regulations (EMIR), Hong Kong, Japan, Singapore, Canada and others. In this capacity, the GTR service is supportive of the Financial Stability Board and CPSS IOSCO recommendations and will enable compliance with standards as defined.

The GTR service supports a multitude of data submissions including real-time price reporting, transaction details, confirmation records, and valuation data.

The GTR service provides open access to third-party providers to promote efficient reporting processes – this includes:

• Electronic Execution Platforms
• Confirmation Providers
• Clearing Houses (CCPs)
• Inter-dealer brokers
• Custodians
• Any other middleware providers

There are multiple ways to submit trade records to the GTR service to provide maximum flexibility to firms based on technology and volume considerations:

• Web-based, csv. upload – usually preferred for small volume users
• Web services – geared for higher volume users
• MQ (Message Queue) – FpML submissions – large volume users
  (current FpML standards will be supported for each asset class)
• SWIFT Channel, using FpML* messages and CSV file (SWIFT File Act) - Due Q1 2013

For updates on DTCC's GTR Services, you can send an email to repositoryupdate@dtcc.com.