Back in June, we provided an overview of the Monetary Authority of Singapore’s (MAS) Securities and Futures (Reporting of Derivatives Contracts) Regulations to serve as a tool for asset managers as they prepared to begin reporting their foreign exchange, commodity and equity derivatives contracts/trades.
In anticipation of the impending October 1st deadline, many managers turned their attention to the power of automation to ensure compliance by providing the ability to:
- Source Files automatically from several internal systems to enrich and prepare all necessary trade and valuation files
- Identify mandatory errors to be corrected before submission
- Generate relevant CSV files to be uploaded to the DTCC portal
- Track on-time, late and missed submissions
- Reconcile incoming and outgoing trades with reconciliation reports
To help asset managers streamline their entire MAS reporting process, IVP Regulatory Reporting MAS module offers a number of specialized features including built-in DTCC and regulatory-defined errors, seamless integration with downstream trade repositories, data sourcing from upstream systems, and automatic report generation/submission.
Learn more about updates from Monetary Authority of Singapore’s (MAS)
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