On March 1, OTC derivatives market participants released a letter to various primary supervisory agencies outlining their commitment to strengthening the infrastructure of the OTC derivatives markets by: (i) increasing transparency, (ii) providing for robust, accessible, and efficient central clearing, (iii) moving towards product, processing, and legal standardization in each asset class, (iv) continuing to enhance bilateral collateralization arrangements, and (v) improving operational performance with a focus on ‘electronification’, straight-through-processing, and trade date matching, affirmation, and processing. Participants’ Letter.