A First Analysis of Derivatives Data in the Hong Kong Trade Repository

Abstract

As part of global regulatory reforms, the Hong Kong Monetary Authority started in 2013 to collect derivatives data through the Hong Kong Trade Repository. This article describes the data collected in the month of November 2014 and the patterns observed. Given the limited coverage of the current reporting requirements, the analysis is not meant to be a description of the Hong Kong derivatives market as a whole. The aim is to contribute to the discussion by central banks and researchers on how to bring more transparency to derivatives markets using the data collected by trade repositories.

Keywords: OTC derivatives, trade repository, risk assessment, financial stability

JEL Classification: G15, G21, G28