CHILE

On July 15, the Central Bank published the new regulatory framework establishing an “Integrated Information System on Derivative Transactions” (SIID). This system, managed and operated directly by the BCCh, will enable the collection, storage and dissemination of information on Over-The-Counter (OTC) derivative transactions. The system is expected to be fully operational by November 2020 for banking institutions. 

The main objective of the measure is to provide clearer information for users to take decisions about financial derivatives. For these purposes, data on currency derivatives, inflation, interest rate and fixed income will be available and accessible via the web. 

At the end of 2018, a public consultation was held on the subject and the observations received during the process have been summarized in an explanatory document.