Meet the team: Sushant Sinha
How did Sushant find himself at TRAction? Before joining TRAction, Sushant worked at a consulting and IT services firm. His role involved enterprise application support and development across distributed and mainframe systems, as well as cloud data services. He worked with tools like Unix/Linux, SQL, Splunk, ServiceNow, and IR360, focusing on file transmission monitoring, customer […]
Meet the team: Marinos Kaitis
How did Marinos find himself at TRAction? Before joining TRAction, Marinos spent around six years working as a casino table games dealer and supervisor. Two years ago, he shifted his focus toward data analysis and coding, which led him to begin his career as a Junior Data Analyst. After spending some time in that role, […]
Are Cryptocurrency CFDs reportable under ASIC?
To date there has been no definitive position provided by either the regulation or ASIC guidance about the reportability of crypto.
EMIR Reporting of the ‘Stock Split’ Corporate Event
What is a Stock Split? Stock splits typically occur when a company’s share price has risen to a level that may be perceived as too high or inaccessible for new investors entering into the market. To address this, a company may increase the number of its outstanding shares by dividing existing shares into multiple new […]
Virtual Power Purchase Agreements (VPPAs)
A Virtual Power Purchase Agreement (VPPA) is an instrument that closely follows the financial settlement terms of a Contract for Difference (CFD). In a traditional PPA, the generation and delivery points must be specified and agreed by both parties. Whereas under a VPPA, there is more flexibility which has led to an increased popularity for these agreements in the broader market.
How do the end of year holidays affect your trade reporting?
Public holidays and bank holidays can have a major impact on trade and transaction reporting requirements, especially if you are an entity operating under multiple regimes. When there is a public holiday where the regulatory body (or regulated entity) is located, it is likely that the timing of report submissions will be extended commensurately. […]
Interest Rate Derivative Trade Reporting
What is an interest rate derivative (IRD)? An interest rate derivative (IDR) or swap is a contract between two parties that agree to exchange interest payments based on fixed and floating interest rates. IRDs are typically forward contracts where the specific term dates and prices can be customised according to the arrangement. They are predominantly […]
TRAction’s Easy Guide to LEIs
A Legal Entity Identifier (LEI) is a 20-digit alpha-numeric code based on the standard developed by the International Organization for Standardization (ISO).
EMIR Refit Impact on 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 […]