Related initiatives also cover, among others, price-related initiatives such as the Overnight Index Swap (OIS), the calculation of implied zero rates, the oversight of repos and the introduction of STRIPS. We are also looking at the financial infrastructure requirement for the capital markets.
From data capture within a price discovery function to the repository of all trade transactions and to auxiliary services such as central counterparties, securities settlement, trading platforms and central securities depository. These initiatives are but a portion of a long “to-do” list.