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/fjiELER1S30 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. […]
ASIC Trade Reporting Breaches – a Summary
Are you aware of the penalties for non-compliance with ASIC’s trade reporting rules? Australian entities dealing in OTC derivatives are required to report under and comply with the ASIC Derivative Transaction Rules (Reporting) 2024 (the Reporting Rules). What can you be fined for? You could be subject to penalty should you fail to comply with the following provisions […]