Trade Information Submission (Reporting)
The HKTR supports both the life-cycle and snapshot reporting approach.
Under the life-cycle approach, trade information at inception and on subsequent trade events is submitted individually and sequentially, in chronological order, as they occur until the expiry of the transaction. On the other hand, trade information can be submitted in the form of “snapshots”, each of which may incorporate the effect of multiple trade events on the same day, sequentially and in chronological order. To support the submission of trade information for different scenarios, including administrative purposes, the
Reporting Service AIDG outlines the combination of 'Action Types' and 'Event Types' conforming to the ISO 20022 message standard supported by the HKTR, whereas the earlier version outlines the application of different trade events. Trade information submitted to the HKTR should also comply with the specified submission file format.
Current Submission File Format:
The HKTR accepts trade information (including trade event records and valuation records) submitted in two formats to suit TR Members of different levels of technological sophistication:
- Extensible Markup Language (“XML”) (the extended Financial Products Markup Language (“FpML”)) format
- Comma Separated Value (“CSV”) format
Submission File Format for ISO 20022 Data Reporting (effective from 29 September 2025):
The adoption of the ISO 20022 XML message standard for OTC derivatives reporting to the HKTR requires trade information (including trade, valuation, collateral and margin data) to be submitted in XML format using a request file. This file is a standardized XML document that includes an application header and a single ISO 20022 message document, which contains one or more reporting data records.
The technical specifications of trade information submission are set out in the
Reporting Service AIDG. Reflecting the evolution of the applicable market standards, the technical specifications may be updated from time to time. The HKTR will advise TR Members and publish the updated standards well in advance before putting the updated standards into application.
Trade information to be submitted to the HKTR is divided into mandatory and optional information, determined with reference to the requirements of regulatory authorities as well as operation needs of the HKTR. Mandatory information is information required to be submitted under the applicable mandatory reporting requirements, and mainly covers core economic details of the transaction. The list of mandatory information and optional information is set out in the
Reporting Service AIDG.