DTCC Adds Trade Reporting for Australia, Singapore
The move is in response to transaction reporting requirements from the Australian Securities and Investments Commission (Asic), which brought its Phase II reporting mandate into force on April 1, 2014. The requirements apply to a subset of institutions in the Australian market that had outstanding notional positions of AUD $50 billion ($46.3 billion) as of December 31, 2013.
"The April 1 deadline marks an important step in creating greater transparency and risk mitigation in the over-the-counter derivatives market in Australia and globally," says Peter Tierney, Regional Head of Asia-Pacific at DTCC. "DTCC will continue to engage market participants in Australia and Asic to advance an effective and comprehensive derivatives reporting structure."
Phase I of the program began in October, when Australian swap dealers registered with the US Commodity Futures Trading Commission were required to begin reporting their transactions. The third phase is scheduled for October 1, 2014, when remaining entities will be required to report credit and interest-rate derivative transactions. In Singapore, mandatory reporting came into force on April 1 also for licensed banks operating in the nation, as well as merchant banks approved by the Monetary Authority of Singapore.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Chris Edmonds takes the reins at ICE Fixed Income and Data Services
Edmonds is now leading ICE’s fixed income and data business as the rush to provide better data and analytics in fixed income builds.
Systematic tools gain favor in fixed income
Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.
Waters Wrap: Examining the changing EMS landscape
After LSEG’s decision to sunset Redi, Anthony examines what might lie ahead for the EMS space.
This Week: Clear Street, AXA/AWS, TD Bank/Google Cloud and more
A summary of the latest financial technology news.
LSEG to sunset Redi EMS in favor of Tora
Sources say competitors will look to seize on the decision to win over Redi’s sizeable US client base.
WatersTechnology latest edition
Check out our latest edition, plus more than 10 years of our best content.
Getting aggressive: Overbond uses AI to assess dealer axes
The fixed-income analytics specialist has developed a new tool to help buy-side firms decide if they’re getting a good price from their dealers.
Most read
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- Deutsche Börse democratizes data with Marketplace offering
- Sell-Side Technology Awards 2024: All the winners