We work with investment banks, hedge funds and corporate treasuries across Southeast Asia to implement innovative financial analytics that have a tangible P&L impact. We enable our clients to more effectively price, trade and risk-manage their derivatives and structured products and, as a FINCAD partner, we are able to empower clients with the industry’s leading tools for valuation and risk-reporting.
Under the Securities and Futures Act and the Securities and Futures (Reporting of Derivatives Contracts) Regulations 2013, banks, finance companies, insurers, holders of a capital markets services (‘CMS’) licence, and approved trustees must report specified information on specified derivatives contracts, currently interest rate derivatives contracts and credit derivatives contracts, that are booked or traded in Singapore to a licensed trade repository within two business days after the execution, termination or a change in the specified data.
The Monetary Authority of Singapore (‘MAS’) has revised the MAS Notices on Prevention of Money Laundering and Countering the Financing of Terrorism (‘MAS AML/CFT Notices’). The amendments clarify financial institutions’ (‘FIs’) obligations under the anti-money laundering (‘AML’) and countering the financing of terrorism (‘CFT’) requirements in relation to the Personal Data Protection Act (‘PDPA’).