10 Years of TRAction
This year, we are celebrating a significant milestone – 10 years of TRAction! Over this past decade, we’ve built strong partnerships and enhanced integrations, achieved regulatory compliance across multiple regimes, and simplified the trade reporting process for over 800 firms. TRAction’s objective over the past 10 years has been to simplify processes for our clients, […]
Spread currency of leg 1 & 2 (where applicable) – MAS Rewrite
Name of the floating rate of leg 1 (where applicable) – MAS
Other Payment Payer & Other Payment Receiver – ASIC
Other Payment Currency – ASIC
Other Payment Type – ASIC
Other Payment Date – ASIC
Other payment amount – ASIC
What do ‘MAKE’/’TAKE’ mean in relation to Buy/Sell?
https://youtu.be/qEkznWhMjSA TRAction have noticed that firms reporting under various reporting regimes have been unclear on who is the party that ‘makes’ or ‘takes’ the payment in the leg of a transaction. The ASIC Technical Guidance provides assistance on how to compete various items within Table S1.1(1): Transaction information (Table). TRAction looks at the ASIC requirements […]
Matching of UPIs by counterparties for ASIC Reporting
Do you need to report the same unique product identifier (UPI) as reported by your counterparty, under the ASIC Rules (which came into effect on 21 October)? No, you don’t. The ASIC Technical Guidance confirms that reporting entities do not have to make sure that they report the same UPI which their counterparty has reported. […]
