GTR Australia (ASIC) and Singapore (MAS) Trade Reporting
Background
This regulation pertains to single-side reporting of OTC Derivative Trades for both the regulatory agencies - Australian Securities & Investments Commission (ASIC) and Monetary Authority of Singapore (MAS). The objective is to capture OTC derivatives mandatorily either by the submitter (direct reporting) or via a non-submitter (delegated reporting by third-party).
To fulfil this, a financial firm needs to cover:
- Access and user setup for the Global Trade Repository (GTR) service
- Data submission requirements
- Messaging submission, validation and exception handling
- Provision reports for reconciliation
Mindtree Solution
| Customer Challenges | Mindtree’s Solution | Business Benefits |
| There were issues with solutions related to fulfilling the regulatory reporting requirements of the Australian and the Malaysian security agencies. | Mindtree’s team worked on fixing all the issues with reporting and integration. | Regulatory requirements for the Australian and Malaysian security agencies were fulfilled without any breach. |
Cost Disclosure by Financial Conduct Authority (FCA), UK
Background
The Financial Conduct Authority (FCA), UK requires all asset managers to calculate and disclose transaction costs to their clients. The objective is to ensure full disclosure of all costs and charges across organizations, websites and documentation, to make it easy for investors to understand and compare all charges across service providers and make informed choices.
Mindtree Solution
| Customer Challenges | Mindtree’s Solution | Business Benefits |
| The client had a regulatory requirement to disclose the information on costs and charges to the clients for the services it offeres for asset management. | Building the strategic solution on Ab-Initio, so that reporting can be done from the new investment data platform. | This will ensure that the client can adhere to the disclosure requirements of costs and charges. |