OTC Oracle - Introduction to OTC Oracle

In September 2009, in response to the global economic crisis, the G20 Leaders made the following commitments;

“[to have] all standardised OTC derivatives traded on exchanges or electronic trading platforms, where appropriate, and cleared through central counterparties by the end of 2012 at the latest. OTC derivative contracts should be reported to trade repositories...”

The purpose behind these commitments was to reduce counterparty and operational risk in the OTC derivatives markets, which had been identified as contributing factors to the global financial crisis.

We are an international legal practice and are closely following the implementation of the G20 commitments in a number of key jurisdictions. Our online resource “OTC Oracle” has been created to form a central knowledge database for our clients and contacts to use to track the implementation of the G20 commitments and assess the impact that this will have on their businesses. Oracle sets out the latest developments and timings plus the key resource papers from each of the European Union, Canada, Hong Kong and Singapore.

To see how each of these jurisdictions is implementing the G20 commitments please see the International Implementation section.