DZ Bank AG Singapore Selects Catena TRACE for OTC Derivatives Regulatory Reporting
05th Mar 2015 - Catena Technologies Pte Ltd today announced that DZ Bank AG, Singapore Branch has selected Catena's TRACE™ trade repository gateway product to report OTC derivatives trades to the Monetary Authority of Singapore.
The 2008 global financial crisis triggered widespread calls to improve transparency and reduce counterparty risk in the OTC derivatives markets. The G20 Summit in September 2009 made a global commitment to financial transparency. Since then, many countries have enacted new laws and regulations governing the trading of OTC derivatives. A common theme of these changes has been to require reporting of OTC swap transactions to public trade repositories.
Catena Technologies' TRACE product enables financial institutions and corporates to report OTC derivatives trades to regulators via trade repositories. The system captures, enriches and transforms derivatives trade information from trading systems, automatically submits the required information to the trade repositories, and manages the end-to-end workflow and reconciliation between the trade repositories and a firm's trading systems. TRACE aligns with the major trade reporting initiatives in Asia, including those in Japan, Hong Kong, Singapore, and Australia.
About Catena Technologies Pte Ltd
Catena Technologies Pte Ltd specializes in architecture, design, and delivery of advanced technology solutions for the financial services industry. Based in Singapore, the company has helped customers around the world, including the U.S., U.K., Japan, Hong Kong, Australia, Singapore, and China. Catena Technologies combines in-depth knowledge of the financial markets with expertise implementing cutting-edge solutions.
For more information, contact:
Catena Technologies Pte Ltd
3 Phillip Street
#10-01 Royal Group Building
Republic of Singapore
Phone: +65 6100 0881
Fax: +65 6399 0881