DTCC looking to ink agreements with other trade repositories in Asia

US firm takes steps to co-ordinate the reporting of OTC trades between different Asian locations

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The Depository Trust & Clearing Corporation (DTCC) is in discussions with several Asian countries on supporting reporting mandates by local regulators to avoid the potential double reporting of over-the-counter derivative trades by banks.

Market participants had previously expressed concern that the emergence of trade repositories (TRs) at an individual country level in Asia could result in an excessive level of reporting requirements. However, the DTCC is proposing to act as a reporting agent

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