A member of
Eurex Clearing
Eurex Clearing expects the obligation to report derivative transactions according to Article 9 EMIR (European Market Infrastructure Regulation) to come into effect on 1 January 2014. Since both counterparties of a trade are obliged to report and since common data of a trade has to be identical, it is important that the CCP and its Clearing Members use the same methods to produce consistent reporting data fields.
Attachment 1 to this circular describes how Eurex Clearing is currently planning to report according to EMIR in order to enable Clearing Members and further reporting participants to align reporting fields. Reporting is still subject to further guidance by ESMA (European Securities and Markets Authority). Any changes will be communicated by Eurex Clearing circular. A reporting test during simulation is planned for November 2013.
Attachment 2 to this circular has to be filled out by all Clearing Members to provide Eurex Clearing with the Legal Entity Identifier (LEI) and returned to Eurex Clearing until 1 November 2013. Moreover, Trading Participants who are not Clearing Members but have opted to use the TREMIR Service (Deutsche Börse AG’s EMIR reporting service) have to submit their LEI to Eurex Clearing until 1 November 2013 using the same form.