Onboard with TRAction for your MAS OTC Derivative Trade Reporting

Onboard with TRAction for your MAS OTC

As the scope of financial products captured under Singapore’s MAS OTC Derivative Reporting regime continues to expand so too has TRAction’s reporting services. We are now supporting clients reporting under the MAS regime with our end-to-end delegated reporting solution.

Why onboard with TRAction?

Seamless Onboarding

Onboarding with us is seamless and stress-free. Our solution covers both commonly used trading platforms (such as, MetaTrader 4, MetaTrader 5, cTrader and Currenex) and self-developed/customised platforms. For firms operating on multiple platforms, TRAction will conduct a review to determine the best extraction method for your trade data. Depending on what best suits your needs, we can either directly integrate with your platform to automatically extract trade data or you may send your trading files to TRAction.

Accurate Reporting

Once the data is extracted, TRAction converts and enriches your trade data in preparation for submission to DTCC, currently the only Licensed Trade Repository (LTR) authorised by MAS. Our team is exclusively dedicated to trade reporting, meaning the accuracy, completeness and timeliness of your trade reports are paramount to us. We are equipped to identify and resolve any errors or breaks detected in your trade data prior to submission and will then convert the data into the required format.

Reporting on Your Behalf

We report on your behalf, submitting your trade reports directly to DTCC means our team receives submission confirmations from DTCC in the first instance. This enables our team to effectively manage and rectify any exceptions in your trade data in a timely manner.

High Expertise

Trade reporting is TRAction’s core business so our team can provide assistance to clients throughout every stage of the reporting process. We are always available to answer any questions you may have regarding reporting operations. We can also provide services in multiple languages if required.

Compliance Support

We are experts in regulatory compliance. We help our clients understand their obligations under MAS by explaining the requirements in an easy-to-understand manner, interpreting unnecessarily complicated industry jargon. Additionally, we provide regular industry updates so that clients stay informed of regulatory changes.

Through the industry experience of TRAction’s staff and the knowledge gathered engaging with regulators and trade repositories, TRAction is well-placed to help you navigate the complexities of complying with MAS OTC Derivative Reporting.

If you want to know more about how TRAction can assist you, please don’t hesitate to contact us.

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