On Monday, August 28, 2023, the SIID-TR workshop "Financial Derivatives Market in Chile and ComDer's contribution to Risk Management" was held at the premises of the Central Bank of Chile.

The event began with welcoming remarks by the Manager of the Statistics and Data Division of the Central Bank of Chile, Gloria Peña, who emphasized the role of Financial Market Infrastructures, such as SIID-TR, which is a repository for derivatives transactions, and ComDer, which is a Central Counterparty. In addition, the progress made in terms of transparency in the derivatives market was highlighted, which makes us stand out from developed and Latin American economies in terms of opportunity, organization and access to information, as well as the new challenges that are present.

Next, Nicole Delpiano, Group Head of the Integrated Information System on Derivatives Transactions of the Central Bank of Chile, presented about the derivatives market in Chile, in the international context, along with a description of the derivatives markets on FX exchange rates, interest rates and inflation. Pablo Rodriguez, ComDer's Risk Manager, then explained how ComDer works as a Central Counterparty in the interbank market and the benefits that this entity contributes to the management of counterparty credit risk, which is relevant for the stability of the financial system.

Finally, there was a consultation panel with the participation of José Miguel Villena, Head of the Integrated Derivatives Transactions Information System Department of the Central Bank of Chile..  

Check out the presentations and photos of the event below.