DTCC TO BEGIN PUBLISHING CREDIT DERIVATIVES TRADING DATA ONLINE

Posted November 3, 2008

NEW YORK -- The Depository Trust & Clearing Corporation (DTCC) has begun publishing on its website (www.dtcc.com/derivserv) aggregate market data from its Trade Information Warehouse, a central registry for credit derivatives trades operated by DTCC’s Deriv/SERV LLC unit.

Starting November 4, each week, DTCC will post the outstanding gross and net notional values (“stock” value) of credit default swap (CDS) contracts registered in the Trade Information Warehouse for the top 1,000 underlying single-name reference entities and all indices, as well as certain aggregates of this data on a gross notional basis only.

DTCC states that it is publishing the data to address market concerns about transparency. The data will be posted in two sections, the first being the outstanding notional values at the end of each week, and the second relating to weekly confirmed trade volume, or “turnover,” and being published at the beginning of each week following publication of  outstanding notional values.