ASIC Derivative Transaction Rules (Reporting) Service
Our ASIC Reporting Service maps all compulsory trade data to the format required by the pertinent Trade Repository as per ASIC derivative transaction rules. This service ensures that your company carries out the necessary amendments to its template to reflect any regulatory updates and/or changes throughout the duration of the engagement.
Our ASIC Reporting Service allows users to extract, convert, reconcile and submit the relevant trades and positions required under the OTC Derivatives reporting rules.
Challenges
- Analysis & interpretation of complex ASIC regulation and TR requirements
- Dedicated resources for technology, infrastructure and regulatory aspects
- Extra effort, time and costs required
Risks
- Lack of expertise that might lead to errors in your reporting
- Missing regulatory updates that may affect your reporting
- Limited capacity for daily monitoring of reporting and meeting the requirements
Key Features
- LEI and trade detail enrichment from static data
- Comprehensive field data and entity mapping capability
- Connectivity and support for multiple TRs on a cross-asset class basis
- Single and dual-sided reporting models
- Connectivity flexibility for data provision
- Powerful reconciliation engine that allows you to reconcile your trades with the TRs
Benefits
- Cost-efficient integrated reporting solution provided under a single platform
- Lower technology costs as a result of eliminating the need to connect to multiple TRs
- Integrated dashboard that provides a holistic view of all reports across all participants and TRs
- Single solution for all asset classes across ASIC jurisdiction
- Comprehensive regulatory reporting IT infrastructure resulting in long term cost efficiencies
Solution Includes
- A team of specialists that will set up the service and provide training on extracting specific, relevant data as needed
- ASIC training throughout the implementation process to ensure that key personnel understands the regulation and process
- Support to answer any queries regarding the system and regulatory updates
- Integration with an authorised TR by ASIC
- Daily tracking of ASIC reporting