ASIC Rewrite – are there any pairing and matching requirements?
Historical background To date, the ASIC trade reporting rules have not required counterparties to have exactly matching data in the relevant fields of a trade report. Even though that counterparties to a trade should have the same core information about that trade, reporting requirements and the need for data enrichment has meant data elements could […]
How do I report Novations of OTC derivatives?
What is a Novation? A ‘novation’ is where an existing agreement is replaced with a new agreement to which all contracting parties agree. Generally, novations occur by either: (i) an assignment or transfer of a transaction in which the terms to the original transaction are varied or added, resulting in a new contract and the […]
Need to update Pre-EMIR Refit trades?
Under the Refit regulations which commenced on 29 April 2024 in the EU, a 180 day (6 month) transition period was provided to allow for reporting entities to update their non-compliant trades entered into before the Implementation Date. This means the EMIR Refit old format (for open trades) window closes on 26 October 2024 (for […]
