Press Release

Release Date: November 4, 2008
Contact:
Travis Larson, (202) 962-7357, tlarson@sifma.org

SIFMA Notes Launch of DTCC Credit Derivatives Reporting Program

Washington, D.C., November 4, 2008 –The Securities Industry and Financial Markets Association (SIFMA) commented on today’s launch of the Depository Trust & Clearing Corporation’s (DTCC) program which will publish aggregate market data on credit derivatives from its Trade Information Warehouse.

"Publishing this data will provide greater transparency in a critical market,” said Tim Ryan, president and CEO of SIFMA. “This is an important initiative upon which the industry will continue to build.”

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The Securities Industry and Financial Markets Association brings together the shared interests of more than 650 securities firms, banks and asset managers. SIFMA's mission is to promote policies and practices that work to expand and perfect markets, foster the development of new products and services and create efficiencies for member firms, while preserving and enhancing the public's trust and confidence in the markets and the industry. SIFMA works to represent its members’ interests locally and globally. It has offices in New York, Washington D.C., and London and its associated firm, the Asia Securities Industry and Financial Markets Association, is based in Hong Kong.

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