Backloading of Collateral & Valuation information under the updated EMIR Rules
Since the updates to the EU & UK EMIR trade reporting regimes in April and September 2024, many reporting firms have been reviewing how to deal with the backloading of collateral and valuation information starting at the commencement dates of the updates to EMIR. When entities undertake backloading for collateral and valuation data as necessary […]
EMIR – Unique Client IDs / Duplicate Counterparty 2 Identifiers
Since the updates to UK & EU EMIR in 2024, one of the main recurring issues in CFD reporting is in relation to how firms create and use client identifiers for ‘Counterparty 2’ clients. The confusion seems to be from mixing platform client login IDs with the client code required by EMIR. Also, using different […]
EMIR Refit: One year on
A year after EMIR Refit came into effect (in April 2024 for the EU and September 2024 for the UK), the derivatives industry seems to have adjusted to the new requirements. The main pain points were expected to be the switch from CSV to the XML schema and the implementation of UPI. However, the reality […]
From Generational Wealth to Generational Protection
What if we told you that one of the most discreet and respected family offices, managing multi-generational wealth and global investments, uses derivatives not just to grow its assets, but also to protect them? Derivatives help family offices to: Protect against currency volatility, ensuring stable value across global investments. Mitigate exposure to commodity price fluctuations, […]
Meet the team: Shashi Bhushan
How did Shashi find himself at TRAction? Before finding himself at TRAction, Shashi worked at several leading multinational companies including a global technology provider, working as a Software Engineer, Consultant. He adds that while the scale of those companies were exciting, he was drawn to TRAction for the chance to make a direct impact. Shashi’s […]
Regulatory Super Vision: Are you ready for all-seeing scrutiny?
Join our Co-CEO Quinn Perrott and Duco’s Steve Walsh for a virtual event on Thursday, 18 September at 10am UK / 11am CET. Why now? Regulators are starting to notify firms of reporting errors within 48 hours of trade submission. It’s already live in Australia and expected to roll out across other regimes soon. This […]
Meet the team: Giorgos Varnava
How did Giorgos find himself at TRAction? Before joining TRAction, Giorgos worked in a fast-paced start-up that developed financial portfolio management software. The role gave him valuable exposure to the tech side of finance, but when the opportunity arose to join TRAction, he saw it as the perfect chance to deepen his expertise in a […]
Insurance Companies Protect Assets – But What Protects Them?
What if we told you that insurance providers protect people with disability, life, travel, car and home cover, but also need to protect their own portfolios using derivatives? With numerous active derivative positions, insurance providers aren’t just safeguarding policyholders, they’re safeguarding their balance sheet too. Derivatives help insurers manage their assets so funds are available […]
FCA Makes the ‘Execution Agent’ Field Conditional under EMIR
The UK Financial Conduct Authority (FCA) has introduced changes making the field ‘Execution Agent’ a conditional field to report under EMIR. The new requirements transaction reports are reflected in the EMIR Technical Standards on reporting through Handbook Notice No 132 and updated EMIR validation rules and XML schema. These new validation rules will take effect from 26 January […]
Reporting Transactions seamlessly under EMIR, MiFIR and SFTR
Navigating your European reporting obligations can be tricky.
We’ve answered some of our most frequently asked questions below to help you understand your transaction reporting obligations a little better.