Though, the CCIL does not yet offer any post-trade life cycle management services , it has all the information that a trade repository typically has and in this sense is perhaps the world’s first trade repository for interest rate swaps.
Reserve Bank had also set up a Working Group consisting of various stakeholders including CCIL and market participants to work out the modalities for an efficient, single point reporting mechanism for all OTC interest rate and forex derivative transactions. The public consultation period is over and the recommendations are being examined.