ASIC: How should names of counterparties, beneficiaries and other persons be reported under the derivative transaction rules (reporting)?

Certain items of derivative transaction information and derivative position information in the tables in Parts S2.1 and S2.2 of the derivative transaction rules (reporting) require reporting of the names of counterparties, beneficiaries and certain other persons to the reportable transaction or reportable position. The relevant table references and item numbers are as follows: 

• Table S2.1(1), items 8, 11, 16 and 20
• Table S2.1(3), items 2, 4 and 6
• Table S2.1(5), items 7, 9 and 11
• Table S2.2(1), items 7, 9, 11 and 16
• Table S2.2(3), items 2, 4 and 6, and
• Table S2.2(5), items 6, 8 and 10.

There are also associated requirements to report identifiers for these persons. The relevant table references and item numbers for the identifier information are as follows:

• Table S2.1(1), items 7, 10, 15 and 19
• Table S2.1(3), items 1, 3 and 5
• Table S2.1(5), items 6, 8 and 10
• Table S2.2(1), items 6, 8, 10 and 15
• Table S2.2(3), items 1, 3 and 5, and
• Table S2.2(5), items 5, 7 and 9.

From 1 October 2015 to 30 September 2023 (inclusive) ASIC Corporations (Derivative Transaction Reporting Exemption) Instrument 2015/844 provides reporting entities with relief from the requirement to report the entity identifiers listed above if these entity identifiers are not available for the relevant entity. A reporting entity that relies on the relief must instead report the internal entity identifier used by the reporting entity: see FAQ 6. Where a single field is used for reporting of an identifier and a name, the names of the counterparty, beneficiary or other person should be concatenated together with the identifier, using the following format:

[identifier][delimiter character][name of counterparty or beneficiary]

A reporting entity may utilise one of five special characters ( , ) ( ; ) ( : ) ( - ) ( | ) as a delimiter. ASIC's preference is that reporting entities use a dash (-) as the delimiter character. No spaces should be added on either side of the delimiter.

For example, where a reporting entity has a reportable transaction or reportable position with a counterparty AB Company Pty Ltd (with an internal reference number for the counterparty of 123456 that is able to be utilised by the reporting entity for reporting purposes) the string to be reported by the reporting entity is: 123456-AB Company Pty Ltd.

(Published 1 July 2015, updated 20 December 2022)

• Read the derivatives transaction rules (reporting)