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The Global Interest Rate Trade Reporting Repository
Rates Repository

bringing transparency to the marketplace


TriOptima provides the Rates Repository
TriOptima provides the trade reporting repository for all interest rate derivatives. The Global Interest Rate Trade Reporting Repository (the Rates Repository or IRTRR) was launched in January 2010 with the first monthly reports going to the regulators. Public reports were posted to the TriOptima website beginning in April 2010.  In September 2010  the reporting frequency  went from monthly to weekly.

The G-14 financial institutions submit their data weekly to TriOptima. They include:  Bank of America-Merrill Lynch, Barclays Capital, BNP Paribas, Citi, Credit Suisse, Deutsche Bank AG, Goldman Sachs & Co, HSBC Group, J.P. Morgan, Morgan Stanley, The Royal Bank of Scotland Group, Societe Generale, UBS AG, Wells Fargo Bank, N.A.

Current reports
By clicking the download button below, you will access the latest report in either CSV or PDF format. The report contains a series of tables showing the aggregated trade data (outstanding gross notional and trade count) submitted by the contributing organisations. The tables display the data by counterparty type, product category, trade currency and trade maturity. 
 

current report    
3rd February 2012 PDF CSV



Historical Reports
You can access the historical reports in either CSV or PDF format by clicking on the corresponding title on the left of the screen. The reports go back to March 2010.  

Regulatory compliance
After the financial crisis in 2008, there were calls to make the OTC derivatives market less opaque by establishing trade repositories. It was determined that since the OTC markets are truly global markets, it would be essential for a repository to provide global coverage in order to present a clear picture of systemic risk. Regulators felt that trade repositories would promote transparency and enable them more easily to monitor systemic risk in the OTC derivatives market.  

In September 2009, the G-20 leaders agreed in Pittsburgh that “…OTC derivatives contracts should be reported to repositories.”  Prior to that public statement, the OTC derivatives industry through ISDA, had already decided to establish repositories for OTC derivatives. Since that announcement, legislation has been passed in the US (commonly known as the “Dodd-Frank bill”) and affirmed by the European Market Infrastructure Regulation or “EMIR”. Detailed rules and regulations are being drawn up to specify in greater detail both the institutions and the data to be included in a repository.

TriOptima was selected by the ISDA Rates Steering Committee to provide the Rates Repository.  Since its launch in January 2010, the repositories have been guided by discussions between the industry and the regulators in the OTC Derivatives Regulators Forum, an international group of regulators (www.otcdrf.org).

Going forward
The US and European agencies are in the process of finalizing the rules and regulations governing repositories. While the industry is supporting the concept of global repositories, there are several national regulators that are proposing repositories in their own countries. This issue is being debated among regulators and the industry. 




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Disclaimer
Interest Rate Trade Reporting Repository
Terms and Conditions for Access and Use


1. Scope of Agreement
These terms and conditions (this "Agreement") govern your access to and use of any public repository reports of OTC interest rate derivatives (each a "Report") produced by TriOptima AB ("TriOptima"), as described on the information web page regarding the repository. You must accept this Agreement to access and use Reports. You accept the Agreement by clicking the "I Agree" button on the bottom of this page. TriOptima may at any time, without advance or specific notice, amend this Agreement. Hence, you are expected to review and accept this Agreement each time you wish to access any Report through this website.

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TriOptima hereby grants to you a non-exclusive license to use Reports in accordance with this Agreement.

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