EMIR Refit: Impact on Power Purchase Agreements (PPAs) Reporting
EMIR Refit marks a new era of regulatory oversight in the derivatives markets. Among its numerous amendments, EMIR Refit introduces crucial changes which will affect the reporting of existing Power Purchase Agreements (PPAs).
LEI Status Requirements – which may lapse, and which require renewal?
There are certain fields within the reporting regimes of EMIR, MiFIR, SFTR, ASIC, MAS and Canada, that require populating with a legal entity identifier (LEI). All LEIs for these reporting regimes must be valid and included in the GLEIF database. (For more information on ISO 17442 see GLEIF’s website). As a general overview: for new […]
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. UPIs are now required across EMIR, ASIC, and MAS, following the go-live of the UK and EU EMIR Refits, and the ASIC and MAS Rewrites. […]
Is 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 (the […]
Sustaining Energy, Securing Stability
Wind farms don’t just depend on the weather, they also rely on financial derivatives to keep projects stable and profitable. Behind the turbines, renewable-energy operators use Virtual Power Purchase Agreements (VPPAs) to lock in prices and guarantee revenue for clean power. A VPPA is a derivative designed to lock in power prices at set levels […]
FCA’s updates on UK EMIR reporting – Market Watch 84
Market Watch 84 is the latest release from the UK’s Financial Conduct Authority (FCA). It focuses on the year since UK EMIR Refit implementation, with observations on: EMIR Refit’s implementation, change and vendor management, and errors and omissions notifications. Accurate and complete data in transaction reports is crucial according to the FCA (and other regulators […]
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.
Regulatory Super Vision: Are you ready for all-seeing scrutiny?
If you missed our recent webinar with Duco’s Steve Walsh and our Co-CEO Quinn Perrott… Don’t worry, we recorded it for you. In this session, Quinn and Steve explored how regulators are tightening their scrutiny, with notifications of reporting errors coming as fast as 48 hours after trade submission. Key Takeaways: Data quality carries even […]
Backloading Collateral & Valuation Information under 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 […]