Anyway to use the in game match recording feature to save locally?

Ok, seeing as how Street Fighter 4 on the PC allows you to upload replays when you finish a championship final, the game must record the data for each match right? Or have the facility to?

Has any mods or patches been released that would allow me to use this ability in the game to save replays of all my matches?

I’ve tried using FRAPs but can’t fully stop momentary drops in FPS’s in game. It would be better if I could save the replays then record them with FRAPs after the match has finished.