Tuesday May 10 2016
News Source: Global Exchanges
Focus: Other
Type: General
Country: International
Link: http://www.dtcc.com/news/2016/may/10/dtcc-signs-memorandum-of-understanding-on-cooperation-with-krx
On 10th May 2016, the Depository Trust & Clearing Corporation (DTCC) and the Korea Exchange (KRX) announced the signing of a Memorandum of Understanding (MOU) to cooperate with each other on a Trade Repository (TR) solution in Korea.
Under this MOU, DTCC and KRX express their intent to build a long-term relationship in order to establish a successful TR in Korea. To achieve this goal, these companies will explore linking DTCC’s Global Trade Repository (GTR) solution directly to KRX, allowing international firms to leverage GTR for cross-border transaction reporting to Korean regulators. The potential solution would add transparency, foster cooperation across jurisdictions, and help users to satisfy their regulatory reporting obligations leveraging standardised and harmonised reporting fields.
Click on the link above for further details.