Now live – Pairing and matching under EMIR Refit
EMIR Trade Repositories (TRs) have now started giving reporting entities feedback on their pairing and matching status in the form of an end of day report in respect of the new EMIR Refit.TRAction explores the process undertaken by the LSEG Regulatory Reporting TR. What is pairing and matching? Pairing is the process where the TR […]
What Do Reported Trades in Australia Say About Our Brokerage?
Under ASIC’s Reporting Rules, most Australian margin FX and CFD brokers are Reporting Entities that are required to report their transactions as they are considered to be over-the-counter (OTC) derivatives.
We take a look at what a trade repository or ASIC can surmise about your business from the data they receive.
What ISIN to use when reporting rolling futures CFDs
Background on rolling futures Rolling futures CFD contracts refer to a futures based CFD that doesn’t have an expiry date.This is achieved by the underlying contract pricing moving to the next expiry equivalent contract.For instance, the CFD of BRN.1 (rolling) might start with an underlying price from October and then change in November. Brent Crude […]
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 […]
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 […]