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DTCC pioneered ground-breaking derivatives services in 2006 when it established the Trade Information Warehouse (TIW), the industry’s first infrastructure for record retention and asset servicing of cleared and bilateral credit derivatives. TIW’s robust infrastructure provides automated operational capabilities across three service offerings -- the Warehouse, Lifecycle Event Processing, and Central Settlement -- for approximately $10 trillion of credit derivatives worldwide.

  • About

    TIW timeline


    Warehouse: TIW’s Warehouse is a centralized, electronic database holding the most current details on the official, legally confirmed record for virtually all cleared and bilateral CDS contracts outstanding in the global marketplace. The warehouse contains approximately 70,000 accounts representing derivatives counterparties across 95 countries.

    Warehouse services available to all TIW users include:

    Lifecycle Event Processing: This comprehensive electronic service automates all phases of post-trade processing for over-the-counter (OTC) credit derivatives throughout their multiyear lifecycles.

    Central Settlement: Through a partnership with CLS Bank International (CLS), TIW offers Central Settlement services for OTC credit derivatives contracts held at the Warehouse. Central Settlement automates the exchange of payments in multiple currencies due on bilaterally netted OTC CDS contracts, enabling the credit derivatives market to realize straight-through processing of contract obligations from trade confirmation to settlement with virtually no manual intervention.

  • How It Works

    As part of a joint credit market infrastructure refresh program to help mitigate risk, enhance efficiencies, and drive down costs for market participants, TIW and OSTTRA’s TradeServ – the primary confirmation system for the credit default swap (CDS) market – were both reconfigured to leverage a modern, scalable, and resilient cloud-hosted architecture in October 2022.

    TIW and TradeServ now operate with independent administrative tools, customer and industry reference data, and users must onboard to each service separately.

    TIW schematic

  • For More Information

    To request additional information, please click here.

Additional Resources

  • News

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  • Legal

    Get legal information on how DTCC pioneered ground-breaking derivatives services by establishing the Trade Information Warehouse (TIW) in 2006. Visit the website.

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  • Support

    Download documentation, technical support, training & working group information to learn more about DTCC's Trade Information Warehouse. Call 1-888-382-2721 now.


DTCC Learning

Helping Clients Optimize DTCC Services Every Day

DTCC Learning offers comprehensive, fast-track training for DTCC customers of financial services organizations who are looking to expand their expertise and abilities in using the post-trade processing products and services provided by DTCC’s subsidiaries.