Compliance Concepts
      Back to home
      1. Knowledge Base
      2. MAS
      3. Compliance Concepts

      What is an OTC derivative (Specified Derivatives Contract) under MAS reporting?

      The following derivatives contracts are prescribed, under the definition of “specified derivatives contract” in section 124 of the Act, as specified derivatives contracts:

      Specified Derivatives Contracts: 
      The following derivatives contracts are prescribed, under the definition of “specified derivatives contract” in section 124 of the Act, as specified derivatives contracts:
      (a) any interest rate derivatives contract which is traded in Singapore or booked in Singapore;
      (b) any credit derivatives contract which is traded in Singapore or booked in Singapore;
      [S 727/2014 wef 01/11/2014]
      (c) any foreign exchange derivatives contract which is traded in Singapore or booked in Singapore;
      [S 727/2014 wef 01/11/2014]
      [S 153/2018 wef 01/04/2018]
      (d) any commodity derivatives contract which is traded in Singapore or booked in Singapore;
      [S 153/2018 wef 01/04/2018]
      (e) any equity derivatives contract which is traded in Singapore or booked in Singapore.