NEW YORK--(BUSINESS WIRE)--The International Swaps and Derivatives Association, Inc. (ISDA) today announced that within the framework of its continued efforts to improve transparency in the over-the-counter (OTC) derivatives markets, has issued a request for proposal (RFP) to establish a commodity OTC derivatives trade repository.
RFP seeks proposals to create a trade reporting database eventually will register all commodity derivative OTC trade types. The database will meet all current and future provisions of databases and will provide a structure to quickly report and provides quick access to information to the relevant regulatory authorities. The deadline for interested suppliers to submit their proposals is Monday, April 25, 2011.
Trade databases improve transparency by providing global regulators significant visibility into risk exposures of the company and of the counterparty. ISDA has helped establish trade databases for other asset classes, including OTC interest rate, credit and equity derivatives.
Information about the RFP is available at ISDAS site: http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.isda.org&esheet=6660107&lan=en-US&anchor=www.isda.org&index=1&md5=3e615844d2e552680240eca3aff16654
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