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MAS OTC Derivative Reporting

100% Accurate and Timely MAS Transaction Reporting
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MAS OTC Reporting Solution

We keep you compliant with MAS regulation, allowing seamless, accurate daily compliance reporting and tracking. Investment firms, banks, asset managers and brokers rely on us to automate their transaction reporting and remain compliant without any headaches or human errors. 

Singapore’s Monetary Authority of Singapore (MAS) created the Securities and Futures Reporting of Derivative Contracts Regulation under the Securities and Futures Act. Including all six items of Part IA of the First Schedule of the Regulation, and covers Interest Rate, Credit, Foreign Exchange, Equity and Commodity contracts. There are a lot of moving parts that need to be accurate, reported in a flawless, timely manner.

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How Cappitech Can Solve Your MAS OTC Reporting Obligations

Smooth, complete automation of your daily transaction reports to the DTCC
Hassle-free integration of your existing, multi-format trade data files and APIs
Enrichment of product codes, counterparty LEIs and UTI generation
Comprehensive overviews of ongoing reporting via intuitive dashboard
GAP analysis to review your product scope
Lower cost of reporting expenses and your overall cost of ownership
Encrypted and segregated file upload system with 100% security

How the Cappitech Solution Works

1
Connect
Connect to trade data via push of trade files to sFTP, API integration or pull from your Database
2
Validate
Data is validated to check for errors and filter out trades not under scope
3
Enrich
Reports are enriched with UTIs, counterparty LEIs, product information and MTM calculations
4
Review
Report is submitted to the DTCC Trade Repository with messages available to review on the web dashboard

See it in action

Mas_platform
Automate and monitor your reporting with our multi-regulation platform, a single platform for all your transaction reporting needs. From a single dashboard you can get a visual status overview of your reported trades and review complete transaction lifecycles. Use our sophisticated filtering and search functionality to easily investigate individual trade submissions.
Mas insights
Monitor the timeliness of your reporting and drill down into the details of late submissions to identify any underlying problems in your reporting process.
MAS_reject
Gain insights into your transaction reporting; improve KPIs on accuracy, completeness and timeliness of your submissions. Monitor and improve your rejection rates by viewing the top reasons for rejections. Historical reports for rejected trades can be viewed and analysed, enabling firms to improve their reporting.

What is MAS OTC Derivative Reporting?

The Monetary Authority of Singapore (MAS) created the Securities and Futures Reporting of Derivative Contracts Regulation. Updated in October 2018, the regulation covers OTC derivative trades for credit, FX, equity, commodity and interest rate contracts.

 

Who needs to report under MAS OTC Derivative Reporting?

As of October 2019, holders or Bank and Merchant Bank licenses, Significant Swap Holders and Capital Markets, Finance Company, Insurance and Subsidiary Bank license holders that meet certain trading or AUM thresholds fall under the regulation.

 

Where do you need to submit MAS OTC Derivative reports?

MAS OTC derivative reports are sent to designated trade repository (TR) which are regulated under MAS, and who manage and secure the data and make it available solely to regulators. Currently, DTCC is the only TR you can report to.

 

Under MAS Regulation are retails counterparties under scope?

Under scope for MAS are any OTC derivatives which include CFDs and FX. However, the regulation exempts trades with retail counterparties. This is important item for CFD brokers as it limits the number of trades they need to report or exempts them altogether. Worth noting is that the exemption doesn’t cover STP hedging of retail flow with intra-group entities or external entities. Therefore, STP brokers who are hedging over $SGD 5 billion in trades with an institutional entity are required to report those legs of the trade to the MAS

 

Are there exemptions for ETD trades?

Yes, MAS regulation only requires OTC derivative trades to be reported with exchange traded derivatives (ETDs) exempt from the regulation.

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