As of 2 November 2012 KDPW (The National Depository for Securities, Poland) launched trade repository service.
The classes of derivative instruments traded in trades reported to the trade repository in first phase shall includeinterest rate derivative contracts (IR) of the following types:
a) forwards (FW),
b) forward rate agreements (FR),
c) futures (FU),
d) options (OP),
e) swaps (SW),
f) others (OT).
The KDPW trade repository operates under the Trade Repository Rules approved by the KDPW Management Board.In the first operating phase, both participation and reporting trade to the repository will be free of charge.
At the turn of Q1 and Q2 2013, KDPW will file for the registration of the trade repository by ESMA (European Securities and Markets Authority) under the requirements of EMIR.
Once the European Commission has approved the technical standards, the trade repository’s regulations and IT tools will be harmonised with the requirements of the standards.
More information on our website: http://www.kdpw.pl/en/trade-repository/Pages/default.aspx