MAS OTC Reporting

MAS OTC Reporting refers to the regulatory reporting requirements for over-the-counter
(OTC) derivatives transactions in Singapore. The Monetary Authority of Singapore
(MAS) has implemented regulations to increase transparency and reduce risks
associated with OTC derivatives trading.

Under these regulations, certain entities are required to report their OTC derivatives
transactions to a licensed trade repository in Singapore. These entities include banks,
licensed corporations, and approved exchanges.

The reporting requirements apply to all types of OTC derivatives transactions, including
swaps, options, and forwards. The reporting must include details such as the product
type, counterparty information, trade date, valuation, and any modifications or
terminations of the transaction.

The reporting must be done in a timely manner, typically within one working day after
the transaction has been executed. The reporting requirements also apply to any
modifications or terminations of the transaction, and the information reported must be
accurate and complete.

The purpose of MAS OTC Reporting is to provide regulators with a comprehensive view
of the OTC derivatives market, allowing them to monitor potential risks and take action
as needed to protect the stability of the financial system. It also provides market
participants with greater transparency into the OTC derivatives market, which can help
to promote more efficient trading and better risk management.