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 […]
Is reporting at ‘position level’ allowed for EMIR?
Differences between trade level reporting vs position level reporting are important to note as part of transaction reporting – TRAction previously discussed them in this article. Position level reporting basically targets aggregated data to show overall exposure across the counterparties concerned. Under EMIR, reporting at position level for all derivatives is not permissible and can […]
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.
Unique Transaction Identifier (UTI) – Explained
ESMA, the FCA, ASIC and MAS are placing greater emphasis on Unique Transaction Identifiers (UTIs) and their consistent application between counterparties as part of their roll-out in 2024 of updated derivative reporting requirements in their jurisdictions.
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.
