According to Article 9 EMIR (European Market Infrastructure Regulation), both Eurex Clearing and its Clearing Members are obliged to report transactions and positions in exchange-traded, off-book and OTC derivatives since 12 February 2014. Since 12 August 2014, also collateral and valuation reports have to be submitted.
Since both counterparties of a derivative 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.
The EMIR Position Report of Eurex Clearing meets the harmonised structure agreed among European CCPs and it is generated in csv format from the clearing house reporting perspective. The file is distributed via the Common Report Engine (CRE).
The csv file naming convention is:
CCPPOSITIONEMIR_ PRO_001_ECAG_ ClearingMemberCode_COB date _001.
The csv file can be found in the zip folder named according to the following convention:
In case there is no open position for a certain trading day, the EMIR Position Report will be generated empty.
2. Required action
Clearing Members are requested to test the report during the simulation phase to ensure that the report can be consumed by the Clearing Members' systems so that Eurex Clearing’s position UTIs can be used in Clearing Members' EMIR reporting.
Please notify Eurex Clearing of any issues or data inaccuracies identified during the testing period, such as missing or incorrect data in the report that is needed to match positions, and use the position UTIs in your EMIR position reports.
Changes addressed to the format of the report, such as additional fields, must be harmonised and will be collated across CCPs during Q1 of 2021 testing and production version 1 releases and might be agreed collectively for a later version.
3. Details of the initiative
In collaboration with other European Clearing Houses, Eurex Clearing is providing members a new daily report of positions reportable under EMIR including the Eurex Clearing generated position UTI and other EMIR fields agreed for the purpose of members consuming, matching to their own position records and reporting the CCP generated position UTIs in members’ EMIR reporting.
The purpose of the new report is to enable members to consume the position UTI from CCPs using a standardised format and content across CCPs.
Eurex Clearing’s aim is to improve industry-wide pairing of positions as a result of this collaboration between CCPs and member firms. Please note that the contents of the report are provided solely for the purpose of members consuming and using the CCP generated UTIs in their position reports and reliance should not be placed on the data for any other purpose than population of the position UTI.
While Eurex Clearing has used reasonable endeavours to ensure that the data of this report are correct, Eurex Clearing assumes no responsibility or liability for any errors or omissions in the content of this report, or for the result of use of any information contained in this report. Any information given in this report shall not be construed to alter the Clearing Member’s or Non-Clearing Member’s obligations and liabilities under the Clearing Conditions of Eurex Clearing AG, as applicable, and related agreements.
If you have any questions or require further information, please contact the ECAG regulatory team at ECAGRegulatoryReporting@eurex.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.
All Clearing Members, Basic Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors
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