A member of
Eurex Clearing
According to Article 9 EMIR (European Market Infrastructure Regulation), both Eurex Clearing and its Clearing Members are obliged to report transactions in off-book, exchange-traded and OTC derivatives since 12 February 2014. Since 12 August 2014, also collateral and valuation reports have to be sent.
Since both counterparties of a derivatives trade have to report and since common data must be identical, it is important that the CCP and its Clearing Members use the same methods to populate common data fields.
Due to the postponement of C7 release 3.0 (refer to Eurex Clearing circular 078/15), an interim solution (until the introduction of C7 release 3.0) for the Exchange Traded Derivatives (ETD) transaction and position Unique Trade Identifiers (UTIs) is necessary to comply with ESMA’s “Level 2 Validations” requirements. Therefore, Eurex Clearing will change the UTI construction rules for ETDs with the introduction of the “Level 2 Validations” end of October 2015. The UTI construction rules for EurexOTC Clear transactions will be changed with OTC IRS release 6.0 which is scheduled for 9 November 2015.
The attachment “Member Information - Reporting by Eurex Clearing according to EMIR Article 9” version 1.11 describes how Eurex Clearing reports derivative transactions according to EMIR to enable Clearing Members and other reporting participants to align their reporting. Chapter 4 contains the relevant changes regarding the UTI.