Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Derivatives Group Selects DTCC for Rate Swap Repository

The International Swaps and Derivatives Association selected the Depository Trust & Clearing Corp. to help it record all trades in the $348 trillion interest-rate swap market, the group said in an e-mailed statement.

The selection takes the business from TriOptima, now a unit of ICAP Plc, which in 2009 was selected by ISDA to record all transactions in the market. After the Dodd-Frank Act was passed in July, ISDA issued a call in March for companies to submit repository proposals based on the increased regulatory demands mandated by the new law.

The rates steering committee of ISDA, the industry and lobbying group for dealers and money managers active in swaps, made the DTCC selection, the statement said.

Dodd-Frank requires that most interest-rate and other swaps be processed by clearinghouses to lower systemic risk. All trades, whether cleared or not, must be reported to repositories so regulators can have a full view of the market at any point in time. The New York-based DTCC also manages the trade repository for the credit-default swap market.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.