DTCC to Enhance Global Trade Repository Service

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 which are scheduled to take effect on October 1, 2018. 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. DTCC operates regulated trade repositories in several countries, and 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. In addition to supporting the MAS requirements in Singapore through DTCC Data Repository (Singapore) Pte. Ltd., GTR also supports reporting regimes through licensed trade repositories for the Australian Securities & Investments Commission (ASIC), as an agent to the Hong Kong Monetary Authority (HKMA), for the European Securities and Markets Authority (ESMA), for the Financial Services Agency of Japan (JFSA), for Canadian regulators in each of the thirteen Canadian provinces and territories and for the U.S. Commodity Futures Trading Commission (CFTC).