RHB Bank Singapore Selects Catena TRACE trade repository gateway for OTC Derivatives Regulatory Reporting
13rd Feb 2014 - Catena Technologies Pte Ltd today announced that RHB Bank Singapore has selected its TRACE™ trade repository gateway product to report OTC derivatives trades to the Monetary Authority of Singapore.
"There are many benefits that we will achieve by consolidating our OTC Derivatives trade reporting using Catena's TRACE gateway," said Mr. Lee Tian Mong, head of RHB Bank Singapore Treasury Processing and Control. "The system's ability to cover multiple asset classes helps ensure that we can meet current and future compliance obligations. Over and above, TRACE's flexible and configurable design will enable the bank to rapidly adapt to future regulatory requirements."
Catena Technologies' TRACE product enables banks to report OTC derivatives trade information to regulators via trade repositories. It captures, consolidates, and transforms derivatives trade information, and serves as a gateway that manages the flow of information between trading systems and DTCC-based trade repositories. TRACE aligns with the major trade reporting initiatives in Asia, including those in Japan, Hong Kong, Singapore, and Australia.
"RHB Bank Singapore selected TRACE because of its value and timeliness of delivery," said Aaron Hallmark, COO of Catena. "Catena looks forward to providing similar benefits to other clients in the Asia Pacific region, helping them address their trade reporting compliance needs."
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