Nov 23, 2020
Eurex Clearing
Eurex Clearing Readiness Newsflash | CCP: Reporting of cleared Securities Financing Transactions (SFTs) by Eurex Clearing according to the SFT Regulation Article 4: Updated Member Information 1.3
Dear Clearing Member,
Eurex Clearing has been reporting securities financing transactions according to Article 4 of the Securities Financing Transactions Regulation (SFTR) since July 2020.
Since both counterparties of a cleared SFT (CCP and Clearing Member) must report and since data fields have to be identical (such as Unique Transaction Identifier, Counterparty data, Loan and Collateral data, Margin and re-use data), it is important that the CCP and its Clearing Members use the same methods to create the data fields.
The document “Reporting of cleared Securities Financing Transactions (SFTs) by Eurex Clearing according to SFTR Article 4” provides an overview of how the CCP will populate its data fields to enable the Clearing Members to match the data with their reporting.
Please note: Reporting is still subject to further guidance by ESMA or industry alignment. Any further changes will be communicated by Eurex Clearing circulars or newsflashes.
We are providing this document for the preparation of regulatory reporting according to SFTR, considering the SFTR Guidelines published by ESMA on 6 January 2020.
In version 1.3, besides few editorial changes, the information regarding following SFTR data fields have been amended:
- Reporting of day count convention and collateral basket identifier
- Reporting of margin related fields
Loan and Collateral data
- Field 24: Day count convention
- Field 96: Collateral basket identifier
Margin reporting
- Field 8: Initial margin posted
- Field 16: Excess collateral posted
Document “Reporting of cleared Securities Financing Transactions (SFTs) by Eurex Clearing according to SFTR Article 4”, version 1.3, is available in the Member Section on the Eurex Clearing website www.eurex.com/ec-en under the following path:
Clearing Resources > SFTR Reporting
If you have any questions or require further information, please contact the Eurex Clearing CCP Helpdesk under: sftr@eurex.com.
Kind regards,
Your Client Services Team
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Recipients: | All Clearing Members, Basic Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors | |
Target group: | Middle + Backoffice | |
Contact: | Eurex Clearing CCP Helpdesk, sftr@eurexclearing.com | |
Web: | www.eurex.com/ec-en |
