Electronic Trade Repository
E-TRADE REPOSITORY: “Electronic Trade Repository” is an electronic platform to centrally collect and maintain records of all derivative contracts.
Pursuant to the resolution taken at the board meeting of the CMB dated 03.04.2015 and numbered 2015/427, MKK was authorized as a “Trade Repository” as per Article 87 of the Capital Market Law.
With the e-Trade Repository System by centrally collecting and maintaining the details of the derivative contracts enhancing the transparency of derivative markets and reducing risks to financial stability are aimed.
SCOPE AND LIABLES
Transaction details for over-the-counter(OTC) and on-exchange traded derivatives by financial and non-financial counterparties will be reported to e-Trade Repository System.
REPORTING METHODs and FREQUENCY
Counterparties with reporting liabilities will be able to conduct their reporting through web modules or XML file transfer. New contracts will be reported once and the valuations of the contracts will be continued to be done daily. In addition to this, the modifications during the life of the contracts and the cancellations and terminations of contracts will also be reported separately.
Counterparties of the derivative contracts will ve required to report all derivative transactions executed on 29 November 2018 via e-Trade Repository on 20 November 2018. Liable counterparties are also obliged to report the information about their open positions as from 28.11.2018 till 31.12.2018.