DTCC to provide CDS data from Trade Information Warehouse

By Jennifer Chiou

New York, Oct. 31 - The Depository Trust & Clearing Corp. announced that it will begin to publish aggregate market data from its Trade Information Warehouse, the worldwide central trade registry it maintains on credit derivatives.

Starting Tuesday and continuing weekly, DTCC said it will post on its web site, www.dtcc.com/derivserv, the outstanding gross and net notional values of credit default swap contracts registered in the warehouse for the top 1,000 underlying single-name reference entities and all indexes, as well as certain aggregates of this data on a gross notional basis only.

The data is intended to address market concerns about transparency, according to a news release. The data will be shown in two sections: Section 1 will show the outstanding notional values at a given point in time and section 2 will show data relating to the weekly confirmed trade volume with respect to the same underlying reference entities and indexes, as well as similar aggregations of such data.

Section 2 data will be published beginning the week after the initial publication of outstanding notional values.

The Trade Information Warehouse is a service offering of DTCC Deriv/SERV LLC, a wholly owned subsidiary of DTCC.

DTCC is a post-trade clearance and settlement infrastructure for the U.S. capital markets.

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