DTCC creates $270 trillion database

Wednesday 15 February 2006 at 16:00

The Depository Trust and Clearing Corporation is to expand its over-the counter derivatives business, creating the first central depository of information on the $270 trillion (€226.6 trillion) over-the-counter derivatives market.

It will comprise a comprehensive database on individual over-the counter trades, containing "golden copies" of trade agreements.