Harmonisation of critical OTC derivatives data elements

October 19, 2016

The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) have published for public comment a consultative report on Harmonisation of critical OTC derivatives data elements (other than UTI and UPI) – second batch.

The report responds to the G20’s agreement in 2009 that all OTC derivatives contracts would be reported to trade repositories (TRs), as part of the G20’s commitment to reforming OTC derivatives markets in order to improve transparency, mitigate systemic risk and prevent market abuse. Aggregation of the data reported across TRs will help ensure that authorities can obtain a comprehensive view of the OTC derivatives market and its activity.

The report is one part of the CPMI-IOSCO Harmonisation Group’s response to its mandate. It complements the consultative report on Harmonisation of key OTC derivatives data elements (other than UTI and UPI) – first batch as well as the consultative report on Harmonisation of the Unique Transaction Identifier and two consultative reports on Harmonisation of the Unique Product Identifier.

This report seeks general and specific comments and suggestions from responders by 30 September 2015.

Please refer to the full press release here for further details.