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Author: Admin | 2025-04-28
SF(RDC)R)] Stay in the know Sign up to TRAction's newsletter Who are Significant Derivatives Holders (SDH)? An SDH is a person that:does not fall into any category above (see “Who is required to report?);is a resident in Singapore; andhas an aggregate gross notional amount of SDCs which are traded in Singapore for the year greater than SGD 8 billion. What to report and to whom? Depending on the class of SDCs, the reporting details required are different. The following are the reporting information fields required for all classes of SDCs:contract information such as Unique Transaction Identifier (UTI);counterparty information such as Legal Entity Identifier (LEI);clearing information;contract confirmation details;trade execution;transactional data;valuation, collateral and margin;timestamp information; andevent information e.g. action type and event type. When is reporting required? All MAS OTC derivative trades are to be reported to a designated TR regulated under MAS. As it stands, DTCC is the only regulated TR for Singapore MAS trade reporting. Reporting entities are required to report the trade information described below within two (2) business days (T+2). Where can I find the MAS reporting rules? Pricing packages How much does it cost? We charge a combination of an account management fee and a cost per transaction/position. Contact us for a quote, or view our pricing page for more information. MAS Reporting (Delegated) $ 2,000 Monthly Account Management Fee $0 Initial set up cost From $1.45 Open positions Add-on Fees (optional) TRAction's MAS articles Stay in the know with MAS Updates Check out our blog for the latest updates on regulatory changes and issues regarding trade/transaction reporting under the MAS reporting regime. Further information With similar changes or ‘Rewrites’ of trade reporting regulations in other jurisdictions, MAS Rewrite aimed to align the Singapore OTC derivative reporting standards with the other major jurisdictions and to increase transparency.
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