HKMA Reporting (TR)

The deltaconX regulatory platform enables reporting under HKMA – Hong Kong Monetary Authority, so that your day-to-day operations are streamlined and your ability to work is optimized.

HKMA Reporting refers to the requirements of the Hong Kong Monetary Authority (HKMA) and the Securities Futures Commission (SFC) of Hong Kong to report details of derivatives trading to the HKMA Trade Repository.

The purpose is to enhance market transparency, monitor systemic risks, and facilitate effective oversight of financial institutions in Hong Kong.

The transaction reporting requirements in Hong Kong may vary based on the specific regulations and guidelines issued by the HKMA. Here are some key aspects of transaction reporting under the HKMA:

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Lower total cost of ownership

Reduce your costs with our unified SaaS platform that streamlines your processes.

What is the reporting obligation?

The reporting obligation applies to all derivative contracts if they reference a currency, rate, or yield denominated in a currency featuring on HKMA’s predetermined list, and includes:

In the case of Foreign Exchanges only those with delivery over 7 days in the future are classed as reportable.

HKMA’s predetermined list comprises 176 currencies, including all the major currencies, and is included alongside a list of specified floating interest rate indices for which interest rate swaps are reportable. HKMA does not require intra-branch trades or inter-branch trades to be reported.

Who is required to report?

Under HKMA rules, certain entities such as financial institutions that are regulated by the HKMA are obligated to report, including:

However, any firms who remain under USD 30 million of aggregate gross notional for the product class in question are exempt from reporting.

When do reports have to be made?

T+2, the day after the trade is executed.

User-friendly compliance

A platform that helps you focus on what matters.

deltaconX provides highest flexibility by supporting multiple jurisdictions within a unified platform.

Fully Integrated HKMA Reporting

The deltaconX SaaS platform offers the capability to incorporate the HKMA Reporting requirements into our unified and standardised workflow, so that you only need to focus on the areas in need of attention.

We completely remove any confusion surrounding the requirements for HKMA Reporting compliance by ensuring that the required data is captured and provided to satisfy HKMA Reporting requirements.

Because our unified deltaconX workflow is built to focus your attention only where it’s needed, meeting the HKMA Reporting have never been easier as all the requirements are built into our platform itself.

Integrated Compliance Experience

Rather than provide a highly technical that keeps you relying on expensive consultants, or having to maintain complex internal solutions, deltaconX reduces the burden of compliance by saving you significant amounts of time and resources.

Our platform has infused the combined experience from across the entire data reporting chain into the very fabric of the platform, allowing you to finally step away from expensive in-house solutions, and simplify your way of working with a platform that reduces manual efforts by up to 80%.

In this sense deltaconX makes it both quick and easy to make sure that everything is available to validate your HKMA Reporting without driving up the pressure on your existing resources.

By maintaining deep working relationships with experts across our entire data reporting chain, we are positioned to proactively collaborate on of bigger shifts, changes, or even revisions to the regulations as the evolve – on your behalf.

Evergreen Compliance is Futureproofed Compliance

As data quality becomes the focus for regulatory reporting bodies, it means that remaining compliant becomes an ongoing process, which for many will prove to become a bigger challenge as time goes by.

Unlike other solutions deltaconX can actually provide you with the complete picture of the cost of HKMA Reporting compliance with an unprecedentedly clear TCO even as reporting compliance requirements change over time.

deltaconX goes beyond simply providing a SaaS based solution provider, it’s a long-term partnership that proactively helps you reduce the burden of compliance by freeing up resources, leaving you free to start focusing on your core business again.