ASIC: How should I report a forward starting cross currency basis swap?

Certain items of derivative transaction and position information in Parts S2.1 and S2.2 of the derivative transaction rules (reporting) require reporting of the notional amount for leg 2 of an OTC derivative transaction that is an interest rate derivative. The relevant table references and item numbers are: 

• Table S2.1(5), item 2
• Table S2.2(5), item 2

Where an OTC derivative transaction for a derivative that is a forward starting cross currency basis swap, it is common for the notional amount of leg 2 to be agreed at a future time, being the actual start date of the cross currency basis swap.

Until that time, it will not be possible for the notional amount for leg 2 to be reported for derivative transaction or position information. In this situation, it is permissible not to report a notional amount for leg 2 until the time the notional amount for leg 2 has been agreed.