SDA Names DTCC As Trade Repository

The International Swaps and Derivatives Association Rates Steering Committee has selected the Deposit Trust & Clearing Corp. to serve as interest-rate trade repository, reports Bloomberg.

The International Swaps and Derivatives Association Rates Steering Committee has selected the Deposit Trust & Clearing Corp. to serve as interest-rate trade repository. DTCC replaces TriOptima, which has been recording transactions since 2009.

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