Cappitech has extended its support of regulatory regimes to include the Monetary Authority of Singapore (MAS) over-the-counter (OTC) derivatives transaction reporting through the Depository Trust & Clearing Corporation (DTCC).
As a provider of regulatory reporting, execution analysis and business intelligence solutions, this extension by Cappitech means that investment firms and significant derivatives holders under the scope of the MAS’ regulation can utilise Cappitech’s transaction reporting technology.
This will allow these firms to automatically transform and submit their data to DTCC’s global trade repository (GTR) service through Cappitech’s single interface for multiple global regimes including European Market Infrastructure Regulation and Securities Financing Transactions Regulation.
MAS reporting regulations cover OTC derivatives trades for interest rate, credit, foreign exchange, equity and commodity derivatives contracts.
Oliver Williams, head of GTR, Asia, DTCC, commented: “We are pleased to be partnering with Cappitech to deliver increased value to our mutual clients as they prepare for the forthcoming MAS reporting requirements.”
Ronen Kertis, founder and CEO of Cappitech, said: “Adding MAS reporting to the DTCC, the only trade repository currently approved by MAS for OTC derivatives reporting, is an important step in ensuring a convenient and simple process for their Singapore trading business.”
