Eurex Clearing
1. Introduction
According to Article 9 EMIR (European Market Infrastructure Regulation), both Eurex Clearing and its Clearing Members are obliged to report transactions in exchange-traded, off-book and OTC derivatives since 12 February 2014. Also, collateral and valuation reports must be submitted since 12 August 2014.
As both counterparties of a derivative trade must report and common data must be identical, it is important that the CCP and its Clearing Members use the same methods to populate common data fields.
After successful implementing major changes with the last release in August 2020 to improve pairing and matching rates, the current release will focus on minor fixes regarding price, price notation and deliverable currencies (chapter 13.3 of the Member Information attached), the introduction of ECAG’s Non-Deliverable-Forwards (NDF) products which are subject to regulatory approval, as well as some editorial changes.
Production start: 23 November 2020
In addition, Eurex Clearing will adopt the new validation rules by Regis-TR for modifications (fields “compression” and “venue”) already into the Member Information, which will become effective on 14 December 2020.
2. Required action
Members are asked to read the new version 2.6 of the Member Information, which contains the most recent version of ECAG’s EMIR reporting logic.
3. Details of the initiative
The attachment “Member Information - Reporting by Eurex Clearing according to EMIR Article 9”, version 2.6 describes how Eurex Clearing reports derivative transactions according to EMIR in order to enable Clearing Members and other reporting participants to align the reporting. Changes to the prior version are highlighted.
EMIR reporting is still subject to further guidance by ESMA. In case of changes to the proposed EMIR reporting methods, Eurex Clearing will provide updated documentation via further Eurex Clearing circulars.
The updated version 2.6 has also been made available for download in the Member Section of the Eurex Clearing website www.eurex.com/ec-en/ under the following path:
Member Section > Clearing Resources > EMIR Reporting
This circular is for information purposes only and does not purport to define any legal requirements.
If you have any questions or require further information, please write to the TREMIR team at
tremir@deutsche-boerse.com.
Unless the context requires otherwise, terms used and not otherwise defined in this circular shall have the meaning ascribed to them in the Clearing Conditions or FCM Clearing Conditions of Eurex Clearing AG, as applicable.
Attachment:
Further information
Recipients: | All Clearing Members, Basic Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors |
Target groups: | Middle + Back Office, IT/System Administration |
Contact: | tremir@deutsche-boerse.com |
Web: | www.eurex.com/ec-en/ |
Related circulars: | Eurex Clearing circulars 111/18, 077/19, 021/20 |
Authorised by: | Jens Janka |
