OTC derivatives - Derivative trade repositories

Anyone who operates a derivative trade repository in Australia must be licensed or prescribed.

A derivative trade repository is a facility to which information about derivative transactions, or about positions relating to derivative transactions, can be reported.

ASIC is responsible for making and enforcing the derivative transaction rules that establish mandatory obligations for reporting, clearing and execution of derivative transactions.

Trade repositories that wish to accept derivative trade data reported under mandatory reporting obligations must be licensed under the Corporations Act 2001 or prescribed under the Corporations Regulations 2001.

As part of our role, we:

administer the Australian derivative trade repository (ADTR) licensing regime
grant relief or exemptions from certain provisions regulating the licensing or operations of an ADTR, and
assess, report and give directions on ADTR licensees’ compliance with their obligations.

Derivative trade repositories licensed to operate in Australia

Listed below are the trade repositories that have been licensed to operate in Australia for the purposes of Part 7.5A of the Corporations Act 2001.

You can download a PDF version of the Australian derivative trade repository (ADTR) licence and other instruments for each facility listed.

ADTR licensee	Description of facility
DTCC Data Repository (Singapore) Pte Ltd (DDRS) ADTR licence (Instrument No. [14/0912]) dated 15 September 2014, setting out the terms of the ADTR licence and the conditions on which it is granted. Exemption Instrument No. [14/0913] dated 15 September 2014, providing DDRS with relief from certain provisions of the ASIC Derivative Trade Repository Rules 2013, conditional on compliance with specified Singaporean law requirements and other specified conditions. ASIC Class Exemption Instrument [14/0911] registered 18 September 2014, provides a class exemption to the officers of DDRS with relief from Rule 2.1.1 of the ASIC Derivative Trade Repository Rules 2013.	Derivative trade repository in respect of commodity, credit, equity, foreign exchange and interest rate derivatives. For more information, go to www.dtcc.com
Chicago Mercantile Exchange Inc. (CME) ADTR Licence (Chicago Mercantile Exchange Inc.) 2015 dated 23 October 2015, setting out the terms of the ADTR licence and the conditions on which it is granted. Australian Derivative Trade Repository Licence (Chicago Mercantile Exchange Inc.) Variation Notice 2015 No. 1 [15/1131]commencing 27 November 2015, adding equity derivatives to the classes of derivatives that CME may provide services for under their ADTR licence.	Derivative trade repository in respect of commodity, credit, foreign exchange, equity and interest rate derivatives. For more information go to www.cmegroup.com

ADTR licensee

Description of facility

DTCC Data Repository (Singapore) Pte Ltd (DDRS)

ADTR licence (Instrument No. [14/0912]) dated 15 September 2014, setting out the terms of the ADTR licence and the conditions on which it is granted.
Exemption Instrument No. [14/0913] dated 15 September 2014, providing DDRS with relief from certain provisions of the ASIC Derivative Trade Repository Rules 2013, conditional on compliance with specified Singaporean law requirements and other specified conditions.
ASIC Class Exemption Instrument [14/0911] registered 18 September 2014, provides a class exemption to the officers of DDRS with relief from Rule 2.1.1 of the ASIC Derivative Trade Repository Rules 2013.

Derivative trade repository in respect of commodity, credit, equity, foreign exchange and interest rate derivatives.

For more information, go to www.dtcc.com

Chicago Mercantile Exchange Inc. (CME)

ADTR Licence (Chicago Mercantile Exchange Inc.) 2015 dated 23 October 2015, setting out the terms of the ADTR licence and the conditions on which it is granted.
Australian Derivative Trade Repository Licence (Chicago Mercantile Exchange Inc.) Variation Notice 2015 No. 1 [15/1131]commencing 27 November 2015, adding equity derivatives to the classes of derivatives that CME may provide services for under their ADTR licence.

Derivative trade repository in respect of commodity, credit, foreign exchange, equity and interest rate derivatives.

For more information go to www.cmegroup.com

We will add to this list when new ADTR licences are approved.

DDRS: Australian public data

Weekly ASIC reports of OTC derivative trades by asset class are now available on the DDRS website.

View the weekly reports on the DDRS website

ADTR licence application kit

Trade repositories must complete an application form when applying to ASIC for an ADTR licence. The application kit includes a guide to assist in completing the application form, as well as the application form itself.

The application form should be submitted to ASIC at the time of formal application. ASIC encourages the submission of draft applications prior to lodgment of a formal application.

Download the ADTR licence application kit (docx file)

Ongoing ADTR licence obligations

ASIC has made the ASIC Derivative Trade Repository Rules 2013, which sets out the ongoing obligations for derivative trade repositories that hold an ADTR licence.

We have also released Regulatory Guide 249 Derivative trade repositories (RG 249) which gives guidance on how ADTRs can compy with their obligations under the ASIC Derivative Trade Repository Rules 2013, and the licensing and exemption process for ADTRs.

Derivative trade repositories licensed to operate in Australia

ASIC can make derivative transaction rules imposing reporting requirements in relation to information about derivative transactions, or about positions relating to derivative transactions, to be reported to a facility that is (or that is in a class of facilities that is) prescribed by the Corporations Regulations 2001 in relation to a class of derivatives that includes the derivatives to which the transactions relate.

On 25 June 2015, ASIC made a determination (ASIC Prescribed Trade Repositories Determination [15-0591]) prescribing several overseas trade repositories to facilitate the various forms of reporting which allow the use of prescribed repositories. These are:

DTCC Data Repository (U.S.) LLC
Derivatives Repository Ltd
DTCC Data Repository (Japan) KK
DTCC Data Repository (Singapore) Pte Ltd
UnaVista Limited, and
the Monetary Authority appointed under section 5A of the Exchange Fund Ordinance of Hong Kong.

Read the ASIC Prescribed Trade Repositories Determination [15-0591] (PDF 33 KB)

Read regulation 7.5A.30 of the Corporations Regulations

We also make the ASIC Derivative Trade Repository Rules 2013 and the ASIC Derivative Transaction Rules (Reporting) 2013, and supervise compliance with these rules.