How to do UTI Matching through oneZero
Under EMIR, the information stemming from the dual-sided reporting obligation must be reconciled via the pairing and matching of both legs of the derivative trade by trade repositories.
Notional amount schedule end date – Leg 1 & 2 – EU EMIR
9 Common XSD Errors in EMIR Refit
https://youtu.be/VnOa0G4J1Ig EMIR Refit introduced a major structural change with the move from CSV to XML file structure.XML uses an imbedded schema and validation system using XSD files. Essentially, when creating an EMIR Refit XML file, it is checked against a set of formatting and data rules in the XSD file . If your XML file […]
Position vs Transaction Reporting – After Refit you need to be in sync with your counterparty
Position vs Transaction Reporting – After EMIR Refit you need to be in sync with your counterparty Under EMIR Refit, counterparties are to do transaction level reporting and will only be permitted to report at position level where both counterparties agree to do so. The EMIR Regulation requires reporting of all details of a derivative […]
Is a Zero Notional Position Reportable?
Zero Notional Reporting What is a zero notional position? A notional position refers to the nominal or face value of a financial asset or contract. Therefore, a zero notional position occurs when the face value of a financial contract, like a derivative, is zero. An example of how a zero notional position arises when trading […]
MiFID III and MiFIR 2 (Amendments to MiFID II and MiFIR)
What is it? The latest update to the Markets in Financial Instruments Directive (MiFID II), being the regulatory framework for financial markets in the European Union (EU). As it is a fairly major update the industry sometimes calls it “MiFID III” or “MiFID 3”. Why? The European Parliament sums up the intent behind the amendments […]
What is the new ‘Corporate sector’ field under EMIR Refit?
The new data field relevant to counterparty details – ‘corporate sector’ – find out more helpful detail and check out the ‘A’ to ‘U’ of corporate activity categories are listed to assist clients in making their determination.
Is Crypto Trading Reportable Under EMIR and MiFIR?
As the popularity of crypto-assets sweeps the market internationally, both ESMA and the FCA have been working to amend the EU and UK regulations – EMIR and MiFIR to support the adequate reporting of crypto-assets. TRAction discuss the reportability under both regimes.
UK EMIR Refit – Top 6 Changes That You Need to Know
The FCA have published a joint statement with the Bank of England regarding changes to reporting requirements under UK EMIR.
EMIR REFIT Live Now: 29 April 2024
EMIR REFIT, the highly anticipated revision of the European Market Infrastructure Regulation (EMIR) derivative transaction reporting rules, has now come into effect for firms in the European Union. Celebrating Our Team Success: Reporting Under EMIR REFIT At TRAction, we proudly announce that we have successfully reported our clients’ trades under EMIR Refit in the live […]