CESR publishes today a consultation paper on the classification and identification of OTC (over-the-counter) derivative instruments for the purpose of including those instruments in the exchange of transaction reports amongst CESR Members, currently done through CESR's Transaction Exchange Mechanism (TREM). After one and a half year of TREM's running, CESR decided to launch a project to amend TREM to facilitate the exchange of transaction reports on OTC derivative instruments. This consultation paper is aimed at defining the framework for this exchange.
The purpose of this consultation
paper is to seek comments on the approach put forward by CESR. Comments are
welcomed by 1 October through the Consultation section on CESR's web site.