In 2012, trade repository became operational in India when Reserve Bank of India advised that all/selective trades in OTC foreign exchange and interest rate derivatives between the banks/market makers (banks/primary dealers) and their clients should be  BIS central bankers’ speeches  7  reported on the CCIL platform subject to a mutually agreed upon confidentiality protocol.
The reporting arrangement covering OTC foreign exchange derivative trades between AD banks and their clients has been operationalised with effect from April 2, 2013 in respect of FCY-INR forwards, FCY-FCY forwards, FCY-INR options and FCY-FCY options. 29. Now let me conclude. I had picked up three broad issues to share my thoughts.