Common ASIC Errors

TRAction's reporting services include data validation and data enrichment to identify and resolve errors as well as ensure the format meets requirements prior to trade repository submission.

TRAction has identified the most common errors made in ASIC OTC derivative trade reporting. We walk you through these common errors and provide steps on how to rectify (or avoid) each one.

Only OTC derivatives trades need to be reported

For the purpose of ASIC trade reporting, you are only required to report trades in relation to OTC derivatives such as options, forwards and CFDs. Hence, it's important that you only submit OTC derivatives-related trade data to your reporting delegate or trade repository.