Taiwan’s trade repository setting up reporting agreement with DTCC
Taiwan's trade repository, GreTai Securities Market in Taipei, is looking to set up a reporting system with the Depository Trust & Clearing Corporation (DTCC) to avoid the potential double counting of over-the-counter derivatives trades by banks, according to Bing-Jing Huang, executive vice-president in the exchange's bond department.
In the first quarter of 2011, Taiwan's financial regulator, the Financial Supervisory Commission, tasked GreTai with setting up a trade repository for the
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