The objective is two-fold: to make the reporting more meaningful for regulatory assessment as well as market transparency and to have a single-point reporting platform for all market transactions. 6. Issues going forward  Given the above context, the OTC market in India for interest rate, forex and credit derivatives will continue to operate within a regulated framework with increased transparency.
New instruments for exchanges will be introduced in a gradual manner, as hitherto. Further areas for strengthening the functioning of OTC markets will include greater standardisation of OTC derivatives and suitably extending central clearing arrangements for such contracts where feasible.