DTCC’S GLOBAL TRADE REPOSITORY (GTR) SERVICE IN SINGAPORE

Leveraging a user owned and industry-governed model, DTCC provides trade reporting services in Singapore via its legal entity, DTCC Data Repository (Singapore) Pte. Ltd. (DDRS). DTCC's Global Trade Repository (GTR) service is uniquely positioned to help market participants address their operational and regulatory challenges in today’s compliance-driven evolving environment.

Preparing for the upcoming MAS Reporting on 1 October 2021

In the next chapter of MAS’ phased Reporting Regulations for over-the-counter (OTC) derivatives contracts set out in the Securities & Futures Act (SFA), finance companies, subsidiaries of banks in Singapore, insurers and CMS license holders with annual aggregate gross notional amount of specified derivatives contracts of more than S$5 billion, and significant derivatives holders must begin reporting their equity, commodity and foreign exchange derivatives contracts booked and/or traded in Singapore on 1 October 2021.

If you are in scope for the upcoming reporting obligations for OTC derivatives transactions, you can submit your applicable derivatives contracts either directly to DDRS or by delegated submission through a counterparty that uses DDRS’ trade reporting services. In either case, you must first onboard to DDRS. For delegated reporting, all parties to the delegation must complete all requisite documentation and be onboarded with DDRS.

For more information on the upcoming MAS Reporting on 1 October 2021, please email gtraccountmgtasia@dtcc.com.

Why do you need DTCC’s GTR service?

• Offers single point of connectivity, reconciliation, and control to reduce the cost burden of adhering to different regulatory standards
• Handles large and complex amounts of data, supported by a safe and robust infrastructure
• Provides the ability to submit both voluntary and regulatory required data to regulators

DTCC’s GTR service provides open access to these third-party providers to promote efficient reporting:

• Organized Trading Facilities (OTF)
• Central Counterparties (CCP)
• Confirmation Providers
• Middleware Providers

For More Information

For additional information on DTCC’s GTR service in Singapore, please contact gtraccountmgtasia@dtcc.com. For membership and on-boarding, please contact gtr-onboarding@dtcc.com.

Find Us

DDRS is located at 2 Shenton Way, #11-02, SGX Centre 1, Singapore 068804.