Trade repository - Financial definition
Financial acronyms
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Concise definition of the term trade repository
A trade repository is an entity that collects and maintains records of derivatives trades. its main purpose is to help regulators monitor the build-up of systemic risk.
Comprehensive definition of the term trade repository
In Europe, buyers and sellers must report all derivatives deals – OTC or exchange-traded – to a trade repository.
In the US, the reporting obligation applies only to OTC derivatives and not always to both counterparties. Reportable derivatives in the US include “swaps”. These are any of the following:
- interest rate swaps,
- foreign exchange swaps and forwards,
- index-based credit default swaps,
- agricultural and commodity swaps,
- index-based total return swaps and
- all options based on a rate or commodity and
- “security-based swaps”.