INTERNATIONAL: ISDA submits letter on over-the-counter derivatives trade reporting in Singapore

Wednesday November 6 2013

The International Swaps and Derivatives Association (ISDA), on behalf of 20 industry participants, has submitted a letter to the Monetary Authority of Singapore (MAS) to drive trade reporting of over-the-counter (OTC) derivatives in Singapore ahead of the mandatory reporting timeline of 1 April 2014

As key participants in the OTC derivatives sector in Singapore, the Signatories to the letter, in consultation with MAS, commit to begin trade reporting of OTC derivatives by February 3, 2014 for standardised interest rate and credit derivatives transactions. This initiative supports MAS’ efforts to meet the G20 objective of strengthening regulatory oversight of the OTC derivatives through trade reporting.

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