Reporting of data on OTC derivatives undertaken by the BUs

International Financial Services Centres Authority F.No.110/IFSCA/Banking Regulation/2020-21/9 February 2, 2021 To, All Banking Units Dear Sir/Madam, Reporting of data on OTC derivatives undertaken by the BUs Banking units (BUs) may refer to para 4 of the circular on “Reporting Platform for OTC Derivatives – Transactions undertaken by IFSC Banking Units (IBUs) and non-deliverable derivative contracts (involving Rupee or otherwise)” dated May 18,2020 issued by the Reserve Bank of India (RBI), directing IBUs to report all OTC foreign exchange, interest rate and credit derivative transactions - both interbank and client - undertaken by them to CCIL’s reporting platform. 2.BUs are directed to send the soft copy of the data being reported by them to CCIL to ibu-reports@ifsca.gov.in with effect from the date of this circular. Data reported to CCIL’s trade repository with effect from October 1,2020 till the day prior to the date of this circular may also be shared with the Authority through the above email id. 3.BUs are directed to ensure compliance to the directions this circular. Yours faithfully (Supriyo Bhattacharjee) General Manager supriyo.b@ifsca.gov.in