European Daylight Saving Time ends in Europe and the UK
Daylight saving time (DST) is coming to an end for most European countries on 31 October 2021. You will need to ensure the time settings in your trade/transaction reporting are correct.
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 […]
EMIR Required for Cleared Trades, Agency or Give-up models?
Background: Clearing, Prime brokers and bilateral arrangements When financial firms want to trade with each other there are several risks involved, one of which is credit risk. This is the risk where a firm might not be able to ‘pay up’ for losses on a bilateral trade. This risk may be mitigated or resolved by […]
XAU/USD Classed as FX or Commodity for reporting?
How are Gold and other precious metals traded? Precious metals can be traded in 3 main ways: Buying physical gold bars Entering into futures or other derivatives on a commodities exchange Trading interbank derived spot metals as a currency pair (XAU/USD etc.) What is XAU/USD? The ISO 4217 standard designates currency codes such as XAU […]
Unique product identifier (UPI) – UK EMIR
Subsequent position UTI – UK EMIR
ISIN – UK EMIR
TRAction and Fasanara – MiFIR reporting solution rolled out
Fasanara Capital, a leading institutional asset manager, has engaged with TRAction, a premier regulatory technology provider for trade reporting solutions, to enhance their Markets in Financial Instruments Regulation (MiFIR) reporting processes. This collaboration aims to: Alleviate the burden on Fasanara Capital regarding the human and internal resources dedicated to trade reporting; Deepen understanding of trade […]
UPIs – what information is needed to search/create a UPI?
The Unique Product Identifier (UPI) is a code used for OTC derivatives that are reported to a trade repository – their purpose is to help identify the relevant OTC derivative. As of 29 April 2024, UPIs are required under EU EMIR Refit. It will also be required under UK EMIR Refit which goes live on […]
