CME to Allow Russia Investors to Report OTC Transactions via NSD

21 November 2014
Print version

National Settlement Depository, CME European Trade Repository are cooperating to enable Russian clients to report OTC cross-border transactions w/ European counterparties in line w/ EMIR rules in April, NSD says in e- mailed statement.

List of reportable derivative trade types will be expanded at a later stage; info. about transactions will be submitted to repository.

“To date, market participants are obliged to submit reports only on OTC repo transactions and currency swaps concluded on the basis of the master agreement”.

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