The Depository Trust & Clearing Corporation (DTCC) announced that it will be enhancing its Global Trade Repository service (GTR) in support of the next phase of the Monetary Authority of Singapore’s (MAS) derivatives trade reporting requirements, scheduled to take effect in October. Under the new regulations, firms will be required to report their equities and commodities transactions to MAS, in addition to the credit, interest rate and FX asset classes which already fall under the regime.
All firms that are in scope for the next phase of MAS’ derivatives trade reporting regulatory requirements will need to start submitting their derivative contracts directly to a licensed trade repository. GTR is the only service that supports regulatory reporting across the Asia-Pacific region for all five major OTC derivatives asset classes, including credit, interest rates, equities, FX and commodities. The enhancements will be launched following a complete re-architecture of DTCC’s Singapore trade repository, bringing improved usability, reduced complexity and increased transparency to users.