Commenting on the publication of best practices for derivatives trade reporting, DTCC said:
DTCC welcomes the publication of best practices for derivatives trade reporting and – as the world’s leading trade repository – DTCC’s Global Trade Repository (GTR) service provided significant input into the development of the final recommendations. The guidelines around how firms should complete certain data fields will create higher rates of pairing and matching, therefore increasing the accuracy of trade reporting. This improvement will provide regulators with a better view of derivatives transactions and hence highlight more accurately risk in the financial system generated by this trading activity, which was the original intention of the policymakers at the 2009 G20 Pittsburgh summit.
