Korea Exchange Begins Phase 2 Reporting Operations for Trade Repository (TR)

[Asia Economy Reporter Lee Seon-ae] Korea Exchange announced on the 30th that it plans to commence Trade Repository (TR) operations for the second phase mandatory reporting categories, including equity, credit, and general commodity product groups, starting January 3 next year.

TR refers to a financial market infrastructure that centralizes the collection, storage, and management of detailed information on over-the-counter derivative transactions.

The Exchange successfully established the first phase TR reporting operations targeting interest rate and currency product groups since April.

With the implementation of the second phase mandatory reporting, a system capable of collecting and managing transaction information for all over-the-counter derivatives will be established. In particular, this commencement improves the reporting system and infrastructure to collect detailed information on TRS (Total Return Swaps) and CFDs (Contracts for Difference) transactions, whose market management and supervision needs are increasing, triggered by the mandatory reporting implementation for equity product groups.

A Korea Exchange official stated, “With the launch of the second phase TR operations, we expect to fully comply with the G20 agreement on TR introduction while enhancing the transparency of the domestic over-the-counter derivatives market and the risk management functions of financial authorities. We will continue to operate various communication channels, such as one-on-one briefings, to support financial institutions in fulfilling their TR reporting obligations without any issues.”

This content was produced with the assistance of AI translation services.